audusd — possible C entry using declining 4H trendline combined with failure to recapture daily uptrend image if the strong support area at .9820-30ish holds then some alternative scenario's may come into play image

trading forex using Gartley Patterns

i have no idea what he was talking about.... 50% tp done R:R 1 in audusd, and balance will run at be+1 or tp2 R:R 2 update. Stop and reverse on new 123 setup BE+1 trade now. lets see what Asia can do. simple 1:1R

How to use the 123 strategy effectively

measured from where? what's your R:R and probability ratio?

How to use the 123 strategy effectively

you're better off reading trader vic's method directly or use the guguk description. the trend line isn't required. use suri dudella's entry method if in doubt. you should make more pips in a 2b than in conventional 123, as you're entering usually ...

How to use the 123 strategy effectively

eurusd — all i see at the moment...

vsa with Malcolm

eurusd & eurjpy 123's complete first tp target

How to use the 123 strategy effectively

is that what they mean when someone asks if the cup is half full or half empty (sorry asian lunchtime attempted humour...)

vsa with Malcolm

and all the 2b's would have been profitable for at least 1:1, even higher.. attached is a link to a script that i've found quite handy if you want to do mutliple (or just a single) entry. It avoids the manual calculation of lot size so you just put ...

How to use the 123 strategy effectively

i'm glad you posted that chart with explanations as i was getting bleary eyed trying to see anything in this price action, many thanks!!

vsa with Malcolm

eurgbp gartley — image not sure if it has done enough so still waiting for ab=cd,

trading forex using Gartley Patterns

I politely disagree... you misunderstand it, 1) It's simply wrong to say Harmonics are based on EW's. Please see anything from Ross Beck where he elegantly and succintly shows this is completely false. He shows that you can build EW from the basic ...

trading forex using Gartley Patterns

dare i suggest that you don't trade just before eco anouncements, or are at least square up during them if you can't afford the drawdowns,and wait for eco release to bring the herd into sight and then look for entries... the eco announcements ...

vsa with Malcolm

gbpjpy — no supply bar on low volume...maybe?

vsa with Malcolm

gbpusd — on the 15m i see a 2bar downthrust with volume, and hopefully have picked a NS to get long on the 5M ... though it does look heavy so wont be too optimistic for the topside...maybe some short covering from london close?

vsa with Malcolm

i guess it's all relative to the time frame you're watching... I find the 5 mins to be the best learning frame especially with all the kind help from the experienced VSA practitioners...here is how i saw it, i guess i just shorted the wrong eur ...

vsa with Malcolm

Priot to ECN i've never considered the 5mins as a serious time frame but since most ecn brokers can be a pip or less then it is actually a viable trading frame. Now with a eurusd and a gbpusd short, it's now at 3 wins, 1 lose for the evening.

vsa with Malcolm

maybe a bit early.... oh well, 1 from 2 so far

vsa with Malcolm

eurjpy — supply in eurjpy?

vsa with Malcolm

2bar shakeout? — still on the apprentice curve but looks like a 2bar shakeout?

vsa with Malcolm

You can also use the original 123 1:1 RR target. This will always give you a nicer RR if it's a fake out of the 1 point and in just about every trade I've seen (which hasn't been stopped out) it has always exceeded the original price target of the ...

How to use the 123 strategy effectively