Hello Danel He means by pair. So, if his first trade on EU is a short then his next on EU will be a long. The reason is this is a reversal strategy so if you had two shorts in a row then the second trade would be a continuation. The only caveat is ...

How to use the 123 strategy effectively

Just my personal preference!

EURUSD

There was no competition...McEnroe every time! He now commentates for the BBC's Wimbledon coverage and he is still as forthright and entertaining!

EURUSD

Oh I adored Agassi. He was always so entertaining to watch. Loved Becker as well. And Connors. Showing my age now...!

EURUSD

Felt really sorry for Nadal yesterday. Such a gentleman as well.

EURUSD

Seriously?

EURUSD

I thought the 4 referred to the point of entry on the 1,2,3 ie the one pip break of the point 2.

How to use the 123 strategy effectively

D'uh, yes you are quite right. My eyes were drawn to the 3 bar retrace rather than the 1 bar of the high/low.

How to use the 123 strategy effectively

Hello Thomas I attach my M5 chart for GU - there is definitely more than one candle between 2 and 3. Do you have a different setup? Hope this choppiness subsides soon.

How to use the 123 strategy effectively

Sean and Vantage - thank you for your replies.

How to use the 123 strategy effectively

In light of Paulus' rules I wondered if someone could clarify this for me... Looking at EU this morning. During Asia we had been in a down trend but then Frankie gave us a quick leg up. Should we have been looking, therefore for longs or shorts? I ...

How to use the 123 strategy effectively

Have a look at this url And then read the thread from the beginning. Good luck!

How to use the 123 strategy effectively

Thanks for the reply!

How to use the 123 strategy effectively

Hello Paulus How did your trial on this go? Incidentally did anyone manage to trade any reversals today? I couldn't see any classic setups on EU or GU...

How to use the 123 strategy effectively

Hello Have a look at this thread url And also Vantage's Higher Low/Lower High thread. Some really useful stuff in there. Good luck!

EURUSD

True. Married to a Scot, and I still can't see the appeal.

EURUSD

What?? Are you ill? What's wrong with the English breakfast?!

EURUSD

Your's isn't that hot...

EURUSD

Is it nice to be on the sidelines for once?!

EURUSD

Hey Pipchick Come back soon - your analysis is always quality.

EURUSD