One question I have is the rule of only taking Long after short and short after long trades.....I don't quite get the reasoning behind that. This just helps me stay away from the signals taken with the trend. I only want 1 signal per trend and thats ...

How to use the 123 strategy effectively

Huge amount of work there for you and your wife jeff I appreciate the in depth history of the trades in October. In regard to the small candle..if we have a small candle day and its whip sawing this could result in very positive 123 patterns and ...

How to use the 123 strategy effectively

Ive added the last signal for EC As you can see as the short was triggered on EC the long on EU followed 1 hour later P

How to use the 123 strategy effectively

I only trade EU with this however if I was going to trade another it would prob be USDCAD as it moves totally opposite to EU So if im looking for long on EU I should be looking for shorts on EC latest counts for both P

How to use the 123 strategy effectively

After the 2nd win I was looking for a short which is my normal sequence The number '1' in red were potential 1 counts that were then removed due to a higher high being made We currently have a completed count with a short hopefully being triggered ...

How to use the 123 strategy effectively

Hi Sorry been busy busy busy 2 nice trades this morning for +13 and +38 1st point if im in a trade and news is coming out I stay in the trade I never close out prematurely. Over the years with any type of trading Ive done Ive never really gained or ...

How to use the 123 strategy effectively

When i 1st started this I set my fib projections to 100 200 300 400 etc etc For a short when price hit 200 bring stop to 100 when price hits 300 bring price to 200 etc etc This is letting your profits run..which may be fine on daily trades but on ...

How to use the 123 strategy effectively

hehe...ok no worries..its how I do it other may use other methods to gauge strength of the pull back..important thing is the shape of the 123 Buyers give in and go to sellers 2 is broken Sellers give in and go to buyers and 2 is broken cheers P

How to use the 123 strategy effectively

[quote=stljeffbb;4214058]Good stuff Paulus! I'm wondering how much of your equity do you risk with a trade like this (or, what kind of leverage do you use)... On a 10k account I risk 5% per trade On a fixed TP you have to calculate money management ...

How to use the 123 strategy effectively

We draw from 1 to 2...2 is the level we need to break to go long if at 1 is 0% and 2 is 100% Then 61.8% should be in the upper half as price has to pull back from 2 down to the 61.8% level P

How to use the 123 strategy effectively

Try to close at a profit ( even 1 pips) and go to bed if your in the uk...if up on the day and willing to lose some pips set normal TP with SL and go to bed P

How to use the 123 strategy effectively

Advanced entry — using the same principle here is an advanced way of entry..advanced being another word for riskier .. but maybe more production in pips We wait until our 3 count has gone in..this is determined by Being more than 1 candle from ...

How to use the 123 strategy effectively

Yes Luipie that count and signal is correct P

How to use the 123 strategy effectively

Hi Side...no I think its right it has to pull back to the 61.8 level P

How to use the 123 strategy effectively

yes jeff that just blew all our 1 counts out the window on the 1hour I now have it sitting on top of that spike.....doe ! Although the 1 count on the 5min is still valid and we now have a 2 count Cheers P

How to use the 123 strategy effectively

The answer should be US close ..... Not enough vol in the Asian mkts P btw 1 in place on 1 hour and 5min

How to use the 123 strategy effectively

Nice wd ............. we have our tp now with 36 pips which was nice P

How to use the 123 strategy effectively

hi side yes another short here ...not that I go on such things but a better looking 123 shape...more reasonable amount of pips between high of 1 and 3 P

How to use the 123 strategy effectively

yes looking for a 5min short as my SL was hit which means we have had a higher high than my original number 1 count..which means the trend continued up...so we look for the short again P

How to use the 123 strategy effectively

Had a loser on the 5min today 27 pips...dont forget money management dont just trade 1 contract or 2 contracts because you feel lucky today work it out properly but we have had a 1hour win for 75 pips

How to use the 123 strategy effectively