You subscribe to Ross 123s which is great, as i said before, there are several 123 methods traded on this thread. I'll continue to trade the method that works for me

How to use the 123 strategy effectively

Your GU doesn't qualify under your rules mate, does it...less than 2 candles between 2 & 3?

How to use the 123 strategy effectively

OK, I understand what you are saying now. Like Paulus, I feel more comfortable trading 123 reversals but to qualify as a valid setup, I look for a trendline to be broken first. In this short, your point 2 @5544 didn't qualify (using my rules) as it ...

How to use the 123 strategy effectively

...was looking for a short setup after the trendline (formed pre-Frankfurt/London) was broken. Price went on to print the swing low ('2') at 5525.....why would it be at 5556? Please post a chart with your reasoning and then perhaps i'll understand ...

How to use the 123 strategy effectively

I agree with Paulus, been stung too many times over-trading. GU and EU shorts similar to Paulus today, which set themselves up after the asian session long trendline breaks.

How to use the 123 strategy effectively

Thanks for the clarification.

How to use the 123 strategy effectively

What rules do you use to decide what % retracement it is?...on this short trade the wicks touched 61.8 and the bodies only 38.2?

How to use the 123 strategy effectively

Interesting approach matching up the fib retracement % to a fib extension target. In this long, did you enter just above '2' and was the initial stoploss below '3'?

How to use the 123 strategy effectively

yep, with you on the GU short - 1:1 target is not too far off the weekly S2 also.

How to use the 123 strategy effectively

Many thanks for sharing your method, very encouraging to hear that you trade GU with it for a living and it has been successful for you since 2001!...a few questions. What % risk per trade do you personally use and how do you derive the initial ...

GBP/USD Trading with Linhchiter' System

Thanks.

Eaglets Flight Training School

Thanks Peter, yes, i've tried refreshing and it fails to show up.

Eaglets Flight Training School

EU - 5min thoughts — I like Paulus' idea of trading 123 reversals rather than continuation. To help qualify this, i'm experimenting with the use of trendlines pulled from the previous 2 swings. Looking at the current EU 5min, the trendline ...

How to use the 123 strategy effectively

....odd, i'm missing your last trix arrow up on GU, is this down to broker difference do you think, or is it a repainting issue?

Eaglets Flight Training School

...and out for a stress free +30. Love it

How to use the 123 strategy effectively

EU (5min) short.. — ...this is the EU short on the 5min in play at the moment...which is nested within the short signal generated earlier after the long hit 1:1 target and printed today's swing high.

How to use the 123 strategy effectively

Well done for posting your live trades, not many people are prepared to do this.

How to use the 123 strategy effectively

EU & GU from London Open — Morning all, from London Open according to Paulus' rules, we're still waiting for a valid long setup to form on GU and the EU long (posted below) in still in play...

How to use the 123 strategy effectively

Bigjim1958...from 7am (UK time) — ..

How to use the 123 strategy effectively

FSV, monthly pivot @ 5780 - 5 away from the 1:1 target - that'll do for me ....the weekly and monthly pivots are well worth keeping an eye on intraday.

How to use the 123 strategy effectively