The first one was an inside bar on the daily chart. The second one was an entry on the 4H chart when the macd went back into buy mode. The third one was another inside bar that formed yesterday.

123 Method by lgtj

1. The previous closed candle. 2. The macd. I use the 21sma to show momentum and the 200ema for overall trend direction and s&r 3. I look at the weekly chart to see if there is a retracement in place. If there isn't, then I monitor the daily time ...

123 Method by lgtj

If you're fairly new to forex, I would suggest that you don't take no more than two entries per pair because there will be some draw down. And if you don't understand price action, you'll panic and exit your trades prematurely. When trading on the ...

123 Method by lgtj

That's correct!

123 Method by lgtj

Hello Dliberators and welcome. I'm honored to have you post on my thread. I've learned a lot from your threads and your contributions on other threads. Your 2 cents is welcomed. I only trade these pairs because from my experience, they have the best ...

123 Method by lgtj

Hello fxvoilaaa and welcome. Maybe you weren't patient enough with the 123 strategy. Follow along and you'll see how effective this method really is.

123 Method by lgtj

Thank you!

123 Method by lgtj

No, it's not. The weekly chart is already in sell mode, but price action is getting weak. There isn't a valid signal on the daily and 4H yet. I was once a newbie also, but I've learned a lot on this forum. I'll be glad to help you along the ...

123 Method by lgtj

Yes!

123 Method by lgtj

Live trade set up — There's a set up happening now on gbpjpy daily. I'm in at 133.712. Let's see what happens. The monthly and weekly charts confirm the daily. image image image

123 Method by lgtj

Hello lite27 and welcome. Yes, that's correct.

123 Method by lgtj

Correct

123 Method by lgtj

Look at these charts of usdjpy. Although the weekly chart macd is in sell mode, price is retracing, which means that the down trend is getting weak. Although the macd went back into sell mode on the daily chart, I would not look to enter the market ...

123 Method by lgtj

Correction, price should breach the high on the daily chart.

123 Method by lgtj

Hello Olarion1975 and welcome. I don't use a fib indicator. I use the fib tool on my mt4 platform. Open up your fib tool properties and press the levels tab. Then change the levels to these: Level - Description 0 - 0.0 @ %$ .5 - 50.0 @ %$ 1 - 100.0 ...

123 Method by lgtj

Hello sam2vt and welcome. I wouldn't place a buy order on gbpusd 4H chart yet because price is retracing, and the macd is in sell mode. Although we're in a strong buy mode on the weekly and daily, I would wait for the 4H to get back into buy mode ...

123 Method by lgtj

That's fine, but I like to wait for price to get a little closer to point #2 before I place my order. You can also try nzdusd, I just don't trade that pair.

123 Method by lgtj

Read post #33.

123 Method by lgtj

Hello Dortmunder and welcome. There are enough trades to go around across these pairs when you take the three different entries that I've explained. Patience is needed because you want to enter the market when there is momentum with the trend. When ...

123 Method by lgtj

Hello Kasapreko and welcome. Yes, I'll be posting potential set ups that I take. Look at post #19, and you'll see that I'm waiting for price to break the #2 point in the 123 pattern on gbpusd daily chart.

123 Method by lgtj