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Paulus replied Dec 1, 2010Hi Sorry been in and out on snow related things ..yes we need at least 2 candles between 1 and 2 and 2 and 3 P
How to use the 123 strategy effectively
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Paulus replied Dec 1, 2010daily still looks good..it needs to rally perhaps today ready for punch down again 'perhaps' P
How to use the 123 strategy effectively
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Paulus replied Dec 1, 20101 hour triggered from our count yest 1pip above the 2 count On the 1hour we trade 24 hour apart from our sleep time TP is the line at the yellow box
How to use the 123 strategy effectively
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Paulus replied Dec 1, 20101 count is in grey box is my no trade zone its just the Asian session P
How to use the 123 strategy effectively
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Paulus replied Dec 1, 2010Hi Sea I always trade counter trend with 123 not with the trend..this i find cuts down on the false signal so my trading will always be long short long short etc or short long short long etc If I get the trade right then Im in at the strt of a ...
How to use the 123 strategy effectively
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Paulus replied Nov 30, 20103rd TP hit so not a bad walk and talk through P
How to use the 123 strategy effectively
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Paulus replied Nov 30, 2010ok 3 was fixed in place as the high did not go higher than the high at 1 Now short from break of low at 2 TP has been labled and SL at 1 Cheers P
How to use the 123 strategy effectively
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Paulus replied Nov 30, 20101 and 2 in place for the short just had the pull back to 61.8% and the gap between 2 and potential 3 is more than 1 candle We go short 1 pip below 2 as long as the high of 1 is not broken ... If it does we start the count to go short again P
How to use the 123 strategy effectively
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Paulus replied Nov 30, 2010hi Its a powerful pattern but you need rules to trade it effectively I got the 25 pips also..now on count 1 for a short P
How to use the 123 strategy effectively
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Paulus replied Nov 30, 2010we now have 3 there is more than 1 candle between 2 and 3 in this case 3 candles and its hit the 61.8% level The count will be valid unless the low goes below the low at 1 in which case we start the count again Tripper point is 1 pip above the 2 ...
How to use the 123 strategy effectively
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Paulus replied Nov 30, 2010we now have a 12 in place on the 5min... we need the low to hit the 61.8% line with more than 1 candle in between the 2 and 3 count for it to be valid ..we then take the break of the 2 level with a long,,TP is set at the 200 level which is just the ...
How to use the 123 strategy effectively
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Paulus replied Nov 30, 2010having good success with this system I must admit here is my latest daily signal up 470 pips Then we have the 1hour which im still looking to long but no valid 123 count yet..all I keep doing is moving the 1 count down And the 5min with 1 signal ...
How to use the 123 strategy effectively
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Paulus replied Nov 14, 2010Hi Ib Makes good sense but I'm persevering with keeping this indicator free..Im only using fib to judge the rally or pull back to 3. Also I do think 123 reversals are the safer stronger pattern..agreed if a currency moves up all day you can see ...
How to use the 123 strategy effectively
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Paulus replied Nov 14, 2010Yes i do..the more cautious can bring there SL to break even at 2-3 with take profit at 1-3 I only take reversals not trend continuation 123 set ups so Im hoping to cash in on the initial move in a new trend. Also because I take only reversals my SL ...
How to use the 123 strategy effectively
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Paulus replied Nov 10, 20103 signals today +29-34+37 = +32 currently looking for a short number 1 in place P
How to use the 123 strategy effectively