Stopped out but with an accumulated gain of 30.

How to use the 123 strategy effectively

Here is this evenings trades so far.... as I type I just picked up the third position. Now I admit the market is a bit thin this time of day but with good trade and money management these entries could go quite a ways.

How to use the 123 strategy effectively

Kinda like this.......... Looks like I missed labeling a buy at 3320

How to use the 123 strategy effectively

RE the trend...... — The easiest thing to do to help you visualize the trend is throw a 21 period MA on your chart.......... You can use this to help filter your trades.

How to use the 123 strategy effectively

I know Paulus trades the L,S,L,S, method but I can't really see leaving a good trade on the table...... Catch each retracement on the way up and follow it with sells on the lows of the trip. The #3 spot on you magenta trade. Do you see where it ...

How to use the 123 strategy effectively

Here is a PDF from Mark Crisp ..... He was giving these away so I don't see any problem with attaching it here..... It was a leader to get you into his mailing list for other products, so just ignore those and read the PDF it really is quite ...

How to use the 123 strategy effectively

After looking through some of your screen shots I saw several missed trades in each...... I am not sure what your testing criteria was but I think the results are bit inaccurate. Are you only taking 1 trade a day? On a 5 minute chart there are more ...

How to use the 123 strategy effectively

Now there you go trying to make a very simple system into something complicated and harder than it has to be..........

How to use the 123 strategy effectively

Yeah this has been a sweet run hasn't it..... WoooHooo.

How to use the 123 strategy effectively

Agreed, I on the other hand have used a scale in method. Unlike Paulus I think catching the additional retracements on the way up or down and adding at each retracement with a trailing SL is my chosen poison. I did however have a target TP set up on ...

How to use the 123 strategy effectively

Scaling out is OK but you have effectively increased your risk reward to 3 - 1 by setting up this way. Just a thought.

How to use the 123 strategy effectively

Set them both up...... but move your BUY down to the high just below it.

How to use the 123 strategy effectively

Here is some additional pattern info that may help, or not....lol 2Bar reversal pattern

How to use the 123 strategy effectively

Still short and holding. I am looking for the down trend to resume and build momentum.

Is the EUR/USD retracement about finished?

My indicator to trade has been triggered, and I am now short EUR/USD from 1.3226 with a 79 pip SL. And here is what 4cast has to say....

Is the EUR/USD retracement about finished?

According to 4Cast technical we should be getting things in order for shorting the EUR again, as soon as my tech. signal indicates short I will be entering then.

Is the EUR/USD retracement about finished?

Pips per is a very adequate way to define your month..... If you are trading a fixed size or on a compounding scale positive pips is profit and no one else needs to know any more than that..... anything else is just bragging.

How many Pips per month?

Once the trend is established or reestablised you may find this method of trailing stop of some use. Billflet I know you will recognize this one....... Bemacs trailing stop

Is the EUR/USD retracement about finished?

I was digging through some old posts and came across this, it might give some of you guys something to think about. A Gann Re-entry Method

Is the EUR/USD retracement about finished?