Hi Joe I use the fib tool in the following way For a long I start from the 1 count and 0.0 .............and drag to the 2 count at 100 with the fib tool This gives me a projected 200 level above my entry ( my TP) and projects my 61.8 fib line This ...

How to use the 123 strategy effectively

the longer the time frame the larger the potential TP ...thats the theory we are always told any way.. All I know is longer the time frame less noise.... The blips that take you out of a trade on a 5min chart are not seen on a 15 min chart the blips ...

How to use the 123 strategy effectively

my daily trade on EU still looks ok .. Went to +480 pips in 5 days pulled back tested old break of 2 level and now siting at around 185 pips P

How to use the 123 strategy effectively

I have 1 trade only today so far GU for +28 which was a short Im now looking at 123 long counts have 123 in place on GU and EU atm...orders set for the break of the 2 level but no where near yet...and it could change In fact as i type this the GU ...

How to use the 123 strategy effectively

Looking at this week figures only it looks viable to set TP as normal ie distnace from 1 to 2 but set distance of SL 1 to 3 This drastically reduces the SL on EU this week it knock out a -59 loser and replaces it with a -27 but knocks out a +41 ...

How to use the 123 strategy effectively

Closed the GU as the Asian started for +25 60% is good ..but then often starts the hunt to make it better which uses up time and precious energy.. we find a way of eliminating a loss from yesterday... But we then have to go back over all the trades ...

How to use the 123 strategy effectively

Thanks patients is a virtue let the game come to you..dont go hunting Just closed EU hit its TP for +28 GU still long and active... P

How to use the 123 strategy effectively

Signals looking good..will close in 1hour come what may cheers P

How to use the 123 strategy effectively

simple..get the wife to trade it ..you sleep... P

How to use the 123 strategy effectively

Well im not the inventor of this set up but know what you mean ..No worries what goes round comes round in this life or the next P

How to use the 123 strategy effectively

no volatility though all the big bang boys are in the wine bars ....! P

How to use the 123 strategy effectively

I am now long both EU and GU cheers P

How to use the 123 strategy effectively

Hi Tom..blimey er let me think lols this was a 15min chart not a 5min so out of my focus really but trying to be black and white yes or no abd rules based the market was trending down so id look for the long and set up my 1 2 3 as it was ...

How to use the 123 strategy effectively

Hi Jeff market was trending up from the off therefore we look for a short........ the trade you show is a trade continuation of the current trend and therefore would not be taken Cheers Paulus

How to use the 123 strategy effectively

Out now both with nice pips P

How to use the 123 strategy effectively

scrub that my spread betting account was sh oing +17 but not closed lols

How to use the 123 strategy effectively

nice profits there and well worth waiting for 17pips on GU waiting for Eu still need a few pips P

How to use the 123 strategy effectively

from the off I was looking for shorts as this is the most effective way I have found trading the 123..ie counter trend only 1 trade for me today so far GU short from 1.5599 ,SL 1.5632, TP 1.5569 EU nowt yet but have a 123 short in place pending ...

How to use the 123 strategy effectively

quite a tough day today Although I dont let it get to me..once TP and SL are set I walk and wait EU +22-59( ouch) +41 GU -45 +25 looking to long both but no set up yet P

How to use the 123 strategy effectively

I need 3 in place 1st which means a 61.8% correction at least 2 bars between 2 and the proposed 3 and 3 hi lower than 1 hi in the case of a short Once thats in place then i setup my pending order Cheers P

How to use the 123 strategy effectively