having good success with this in fact more so than any other system i have used or created in the past.. Its just price action but you need some rules mine are simple I start looking for 123 at 7am uk time on...not before if we are going up in the ...

How to use the 123 strategy effectively

Hi Ace That nice..good will to you also If we dont share we dont grow simple as that .. a comment thrown on a thread may be the missing link in a system Always share doesn't cost a penny Paulus

Jacko's Forex House of Pleasure and Pain

I may of missed something in the thread are people still actively trading this EA Is Geoff still trading it ? havnt seen a post from him for a while Regards Paul

Simple H1 GBPUSD EA

I only use the 61.8 fib retracement to gauge the minimum moves required the actual 123 set up requires that point 3 is higher than 1 for a long and lower than point 1 for a short if its level I ignore above below ignore Yes and I apply it to 1- 2 ...

How to use the 123 strategy effectively

the fib level using point 1 and 2 is 1.3077..the high of 3 5 min candles hit 3077 so it qualifies cheers P

How to use the 123 strategy effectively

correct I set it up wrong but hopefully you get the gist Will answer all others later thanks for spotting P

How to use the 123 strategy effectively

5 min signal — This trade has just triggered bit late in the day as US UK closed and US closing in 3 hours.. We have had an up move..albeit not so much of a trend than a sudden explosive move..however we want counter trend trades so we look ...

How to use the 123 strategy effectively

xample of waiting for retracement — here is a good example of the need to wait for the retracement to 61.8% and at least 2 up candles On the screen shot of today on £$ you could place your 2 at A initially with your 3 at B This would of ...

How to use the 123 strategy effectively

(1) Do you find 1-2-3 pattern on all timeframes equally likely to result in winning trades? Or do you find certain timeframe(s) more likely to lead to winning trades? I have found most time frames reliable apart from the 1min which has to many ...

How to use the 123 strategy effectively

To put 3 in place — We need a strongish pull back or rally I use 61.8% to gauge this P

How to use the 123 strategy effectively

NO ENTRY — Rules for gap up Monday using daily charts

How to use the 123 strategy effectively

daily signals — The chart you see here is accurate and counts accurate..yellow boxes are exit points the 1st long was reversed into short 123 before any SL was hit P

How to use the 123 strategy effectively

yes I trade this for a few good reasons Very good risk reward on winning trades Once point 3 has been identified a lmt buy or sell can be placed and I can walk away or at least relax and do something else The idea behind it is pure supply and demand ...

How to use the 123 strategy effectively

usdcad — These 2 counts were the only 2 formation on Friday on this swap I have inc the 5 min and the 15 min which both confirm The bottom charts shows how zig zag can help with the counts P

How to use the 123 strategy effectively

update on entries.. EU 1 hour new count 1 in place GU 1 hour new count 1 in place

How to use the 123 strategy effectively

updated chart fail on the 15min EURUSD for - 27pips but in again and looking good here are the charts

How to use the 123 strategy effectively

Guys gotta say this..the only reason your trying to eliminate the loss is because the SL is so big..system with normal risk and return you can deal with...all this work to eradicate a loser ..and then market changes and its all for nothing any way.. ...

Simple H1 GBPUSD EA

I have 2 and 3 in place a break of 2 will see the short open P

How to use the 123 strategy effectively

15min usd will keep this updated — Paulus

How to use the 123 strategy effectively

Hi saidar You have to keep this type of system clean and simple the 123 pattern is based on the phycological reactions of traders to other traders Simple explanation.. The 123 long We have a low at 1 we then have buying to a high at 2 and then a ...

How to use the 123 strategy effectively