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Daily Chart 3-Candle

  • #241
  • May 14, 2018 11:27am May 14, 2018 11:27am
it is great strategy.thanks simoneg.take same trades on demo, its easy to follow strategy by android mt4 on work.how do you come to that 4 forex pairs whitch you trade,with others results its not so good?
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  • #242
  • May 14, 2018 11:42am May 14, 2018 11:42am
Quoting ficibald
it is great strategy.thanks simoneg.take same trades on demo, its easy to follow strategy by android mt4 on work.how do you come to that 4 forex pairs whitch you trade,with others results its not so good? {image}
Thank you ficibald! I chose some pairs that I believe were most strongly correlated, from reading and research, whether it be positive or negative. Along with the USDX and US30 as guides in make my trading decisions. That was it for me. So I just stick with these pairs.

Glad to hear you have and understanding of the strategy!

Bless!
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  • #243
  • May 14, 2018 11:56am May 14, 2018 11:56am
Hi Simon,

Thanks for your interesting strategy, im currently playing with forex tester, can you tell if im doing correctly for chat below:
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is that correct?

but what happen next:
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where did i wrong?

many thanks
  • #244
  • May 14, 2018 12:04pm May 14, 2018 12:04pm
Quoting EVolta
Hi Simon, Thanks for your interesting strategy, im currently playing with forex tester, can you tell if im doing correctly for chat below: {image} is that correct? but what happen next: {image} where did i wrong? many thanks
Hi EVolta,

No your'e not spotting the setup correctly. Your number 3 bar would have the Lowest Low, then the bar before that would be bar #2, then Bar #1.
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  • #245
  • May 14, 2018 12:11pm May 14, 2018 12:11pm
Quoting simoneg
My first crypto trade. So the LTCUSD is setting up bullish at the H4 SELLING REJECTION LEVEL. So I am Long the LTCUSD. {image}
Closed my LTCUSD trade for +75pips. Learning to trade Crypto.
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  • #246
  • May 14, 2018 12:15pm May 14, 2018 12:15pm
Hi Simon,

Thanks for answering previous question, how about this one:
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become:
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where did i wrong?
  • #247
  • May 14, 2018 12:26pm May 14, 2018 12:26pm
Quoting EVolta
Hi Simon, Thanks for answering previous question, how about this one: {image} become: {image} where did i wrong?
Hi EVolta,

Did you look at my first post regarding the setup? Also, have you gone through post#1 and the trades taken thereafter?
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  • #248
  • May 14, 2018 12:30pm May 14, 2018 12:30pm
Also EVolta,

In your last trade setup, price retraced to a bearish 123 setup and sold off.
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  • #249
  • May 14, 2018 12:40pm May 14, 2018 12:40pm
Quoting simoneg
Also EVolta, In your last trade setup, price retraced to a bearish 123 setup and sold off.

Attached Image (click to enlarge)
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is that right?
  • #250
  • May 14, 2018 12:55pm May 14, 2018 12:55pm
Quoting EVolta
{quote} {image} is that right?
No EVolta. Please let me know the date and I will paint it correctly for you
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  • #251
  • May 14, 2018 12:57pm May 14, 2018 12:57pm
Took profit on all my trades as USDCAD stalls at H4 BUYING REJECTION LEVEL.
Attached Image (click to enlarge)
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  • #252
  • May 14, 2018 1:34pm May 14, 2018 1:34pm
Hi everyone,

So I just got the opportunity to update POST#1 with further information on buying and selling rejection levels. I do hope this will add some clarity to that aspect of the strategy.

Bless.
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  • #253
  • May 14, 2018 6:09pm May 14, 2018 6:09pm
Quoting EVolta
{quote} {image} is that right?
The only good setup I see there is the red one following trend 123 with engulfing
Building a Freedom All Time Return: 5,178.8%
  • #254
  • Edited 7:58pm May 14, 2018 7:43pm | Edited 7:58pm
Hi,

Sorry i am still not understand, too slow to picking up..

Quoting birdland
from your examples we just need to define a "1-2-3 Bar" pattern? here NU, are both 1-2-3 Bars and closelines (orange and mangenta) valid? {image}
what is the different the post from birdland with the one posted by simon on post 1

Chart by birdland:
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vs
Chart by simon:
Attached Image

i see we have long trade for birdland's chart.

but simon's answer:
Inserted Code
Your purple 123 would not be correct because Bar#3 must have the lowest low.


my guess:
bar 2 and bar 3 must be inside bar 1? bar 2 or bar 3 cant lower that bar 1?

many thanks
  • #255
  • May 15, 2018 1:05am May 15, 2018 1:05am
Quoting EVolta
Hi, Sorry i am still not understand, too slow to picking up.. {quote} what is the different the post from birdland with the one posted by simon on post 1 Chart by birdland: {image} vs Chart by simon: {image} i see we have long trade for birdland's chart. but simon's answer: Your purple 123 would not be correct because Bar#3 must have the lowest low. my guess: bar 2 and bar 3 must be inside bar 1? bar 2 or bar 3 cant lower that bar 1? many thanks
when looking for long signal, Bar#3 has always to be the lowest bar. the wick has to be the lowest from all 3 bars.
Bar#2 can be an inside bar or green or red. Bar#2 is the least important Bar.
trading is like dancing, don't think and just listen to the music!
  • #256
  • May 15, 2018 1:56am May 15, 2018 1:56am
Hi - been watching this thread for a while now and started putting the method into practice. Anyone interested in a skype group so we can keep an eye on potential setups and discuss trades and ideas.
  • #257
  • May 15, 2018 2:06am May 15, 2018 2:06am
Quoting AshMcK73
Hi - been watching this thread for a while now and started putting the method into practice. Anyone interested in a skype group so we can keep an eye on potential setups and discuss trades and ideas.
Same here. Keen.

Cheers.
  • #258
  • May 15, 2018 2:14am May 15, 2018 2:14am
Im in for the group guys
Building a Freedom All Time Return: 5,178.8%
  • #259
  • May 15, 2018 2:16am May 15, 2018 2:16am
Quoting birdland
{quote} when looking for long signal, Bar#3 has always to be the lowest bar. the wick has to be the lowest from all 3 bars. Bar#2 can be an inside bar or green or red. Bar#2 is the least important Bar.
Hello birdland, from the chart that Evole posted, I have a doubt...

We see a waterfall and then price stops a bit and we have a bullish candle, this setup does not suit 1,2,3?

Then price resumes and keeps going down, after some more candles we have more or less the same setup, we should take them or skip them? Why?
Building a Freedom All Time Return: 5,178.8%
  • #260
  • May 15, 2018 2:31am May 15, 2018 2:31am
Quoting J1mm
{quote} Hello birdland, from the chart that Evole posted, I have a doubt... We see a waterfall and then price stops a bit and we have a bullish candle, this setup does not suit 1,2,3? Then price resumes and keeps going down, after some more candles we have more or less the same setup, we should take them or skip them? Why?
no, its not the pattern introduced by simoneg.
there are many different 123 patterns existing, also here in ff.
but this from evole posted one does not fit into simoneg's 123.
trading is like dancing, don't think and just listen to the music!
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