Sorry T, when the kids are up... I would have closed the trade after the opposite setup developed, at least a small loss would have been suffered.

Daily Chart 3-Candle

These should help a bit more...

Daily Chart 3-Candle

Ok, so your first was not a valid setup because, Bar 3 failed to close above the open and close of bars #1 & 2 (recheck this rule) Your second setup was still valid, and failed. Then immediately following the second setup was a valid short setup ...

Daily Chart 3-Candle

Yes T, it often does. I take both entries...the initial and the swing back (retest) Happy it is clearer to you now.

Daily Chart 3-Candle

I will be upload the 3 Candle indicator in POST#1 soon. Just waiting for a small adjustment to made.

Daily Chart 3-Candle

All that matters, in the case of a sell, is that the 1st and 2nd candles have highs that are lower that that of the 3rd. Do not try to compare the high of candle 1 and 2. That is not relevant at all. Hope this clears up your question.

Daily Chart 3-Candle

You're welcome Tanmayagrawa! Answer to Q1: Yes, for the 3 Candle setup...only three candles, #3 having the Highest High (for SELL) or Lowest Low (for BUY) Answer to Q2: For Sell, the first two candles should have LOWER HIGHS. For Buy, the first two ...

Daily Chart 3-Candle

@birdland and again look at the GJ chart attached.

Daily Chart 3-Candle

GM/GN Everyone, Gold hit its weekly 190.2 target or is near there 1230. Watchout. Lots of Bearish 123 setups floating on these H4 charts GU, GJ, EJ, EU. Bullish on USDCHF. Trade safely!

Daily Chart 3-Candle

Also Newtrader. The number 3 bar would have been the lowest bullish bar in your snapshot and the entry line would be and the open price of bar#1 which in this case is the open price of the bullish bar just before that bearish bar at the swing low.

Daily Chart 3-Candle

Hi newtrader. This is a 123 pattern but not the ideal setup that I trade. Try to identify the ideals. They are very reliable and powerful.

Daily Chart 3-Candle

Thank you Inthebox! And indeed my family is most important to me. LOVE IT!

Daily Chart 3-Candle

Hello Everyone, I am requesting that no other indicators apart from the ones specific to the system traded here be posted in this thread. If you wish to share your personal files etc please so via pm and keep your charts clean and clear with the ...

Daily Chart 3-Candle

Hi rookie14, I'm still bullish but price in a zone now where weekly close is important to determine where next.

Daily Chart 3-Candle

Happy belated inthebox

Daily Chart 3-Candle

Hi SwingMan, No this is not what I was thinking of at all. If it is going to get too complexed and clog the charts, I would rather work with the current indicator with the option of adding up to two upper timeframes and adjusting the ...

Daily Chart 3-Candle

Sorry Rafaz its my birthday so was out most of the time. Just from studying Market Behavior over the years.

Daily Chart 3-Candle

EJ rejecting H4 Best Sell.

Daily Chart 3-Candle

Ok Thanks SwingMan...please let me know

Daily Chart 3-Candle

Trading this same setup from yesterday Ra.

Daily Chart 3-Candle