I am REALLY struggling to understand how it is that 123break patterns do NOT work for me. They simply always reverse and hit my SL. And I always go with the trend too.... image

123PatternsV6 revisited

AUDUSD + 25 pips. H1 + H4 = Downtrend Price reached a level of extreme resistance, shown by the 38.2 Fib level, Weekly pivot level, and 200EMA, all in confluence. SL was placed slightly above the resistance. This trade was a high probability ...

A young trader's road to profitability - PASR trading - Live

Currently reading literature and studying Andrew's pitchforks. They seem like a very interesting tool, that could be added to my trading for higher probability entries.

A young trader's road to profitability - PASR trading - Live

EURJPY + 16 pips. H4 + H1 = Uptrend. All time frames indicating an uptrend. Tight SL just below BRN level of support. SL eventually moved to +10 Pips. image

A young trader's road to profitability - PASR trading - Live

USDJPY - 9 Pips. H4 + H1 = Downtrend. Price had been following a trendline I plotted a while ago on the M15. Price had also just breached below the 200EMA on the H4 chart and the 800 EMA on the H1 chart, turning them into resistance. I entered when ...

A young trader's road to profitability - PASR trading - Live

That makes sense. Thank you my friend.

A young trader's road to profitability - PASR trading - Live

I 100% agree with you. I am very young, and I wish to make this my career. And in order to do so, I understand that I must be profitable consistently. Thanks for your reply!

A young trader's road to profitability - PASR trading - Live

AUDUSD + 30 Pips. 123break pattern. H4 + H1 = Downtrend. Price had already broken and closed below the asian session low, and was continuing downwards, in accordance with the trend. Surpassing such a significant support meant that it had probably ...

A young trader's road to profitability - PASR trading - Live

London has just opened. I have marked the Asian session ranges, and hope to trade the breakouts. I will wait for a retest, and then enter the trade, with a TIGHT sl right above/below S/R.

A young trader's road to profitability - PASR trading - Live

I got out of two trades for a loss. Both could have been winners. Need to exercise patience.

Another simple system - Time-Frame 15

The way this guy trades PASR is exactly what I want to do: http://www.forexfactory.com/showthread.php?t=360425 any literature specific to these methods?

Please help me help myself

I am very interested in PASR trading of lower TF breakouts. Everything from breakout triangles and patterns, to reversal formations. does anyone have a website/text that educates specifically on these matters?

Please help me help myself

Can you tell me why you took this trade?

Another simple system - Time-Frame 15

Are there any other good formations besides the 123break that I could study?

Another simple system - Time-Frame 15

123BREAK! 20 pips! These damn emotions are what kill you!

Another simple system - Time-Frame 15

Yes. Once price hits that line, its the signal to go long.

Another simple system - Time-Frame 15

Example of a 123break pattern that may be unfolding. I have marked the candles of 123. Currently waiting for the break of candle #2, marked with a red horizontal line where long position will be taken. Looks good? image

Another simple system - Time-Frame 15

Thank you. I will study these books. Also, do you open a trade only once the break candle of a 123 pattern surpasses the high of the #2 candle, or do you do it while the candle is still open?

Another simple system - Time-Frame 15

Just looked at the chart again, and while I was putting lines in, I found the issue! haha.

Another simple system - Time-Frame 15