Jeff, you better use this link to quantify & qualify your trading risk... url a win prob with just .55% and R:R of .95 is not going to give you very much joy....but at .65 or R:R of 1.2 & .55% then things look better enter 100 in the lines qty to ...

How to use the 123 strategy effectively

or when someone introduces the very colourful LSMA to work out the trend and then the arguments begin about whether 14 or 21 is the best setting.... clean charts, no indi's, no divergance, no stochs.... just a fib tool

How to use the 123 strategy effectively

be careful it repaints...i think its easier to do manually but if you need it

How to use the 123 strategy effectively

try my post #632 on trading forex using Gartley Patterns for basic intro points to the experts of harmonic's... if you look at posts 637, 638, 650, 652, & 657 you can see how you establish a harmonic trade set-up and can either do two things, enter ...

How to use the 123 strategy effectively

yeah, the gartley stuff looks a bit spacey when you first dig into it with all the fibs, but actually is quite basic, and allows you to plan trades and levels, and the 1-2-3 helps on some entries. Gartley actually was one of the original guys to ...

How to use the 123 strategy effectively

1) you can adjust the fbs yourself manually, just go to 'fibo properties'and add/delete to your needs 2) no offense to paulus but the spread shops will be quoting wider than MT4 unless your with a bucketshop broker, the spreads will be narrower with ...

How to use the 123 strategy effectively

if you haven't seen this spreadsheet, it is handy for working out the number of lots you need, micro, mini or standard. you can use it as just one position, or divided up into 1/3'rds and you need to be aware of the base currency (so if your trading ...

How to use the 123 strategy effectively

demo accounts can always be renewed, but not your capital why not just demo (using your risk capital as the nominal demo amount) for a couple of months until completely comfortable with it and then go live... there is no expiry date on the fx market

How to use the 123 strategy effectively

i trade harmonic's so i'm always against the trend.... never been my friend

How to use the 123 strategy effectively

usdcad — may not get there before xmas but lets see...

How to use the 123 strategy effectively

which is exactly why this method works... and when combined with some harmonic patterns and respective PRZ then you wouldn't be selling gbp here sorry i mean gbpjpy nice abcd forming on 4 hour chart (which is a bit off topic for this forum)

How to use the 123 strategy effectively

yes, I have mentioned this before...on smaller time frames then spread (ie broker becomes critical) so this strategy can have problems on small time frames, broker spreads (entry & exit) so you need to have more liquid markets with narrow spreads if ...

How to use the 123 strategy effectively

your fib numbers on the retrace are set-up incorrectly, if price moves from 0 to 100 hundred then first retracement is .38% not .62 % just curious why your buy-in point is 5pips higher than the suggested entry point?

How to use the 123 strategy effectively

probably because then it will be a continuation pattern of the break...if it forms within the previous days range then you're using the prior S/R as part of your entry

How to use the 123 strategy effectively

15m eur — or an alternative count

How to use the 123 strategy effectively

image image Jeff, it works along all currency pairs that are liquid, attached eurgbp and chfjpy charts for last week with a couple of trades highlighted. i've got 22 currency pairs from my broker and it's useful for all of them (though the wide ...

How to use the 123 strategy effectively

The TP is the range from 1 to 2 which is extended from 3, whilst the s/l is the range from 2 to 3 (plus spread on entry and exit). So if all 3's need to retrace to at least .618 and allowing for spread (especially critical on the smaller time frames ...

How to use the 123 strategy effectively

keep up the good work, You don't need to count the pips, unless they are standardised per R:R. All you need is 60.5% with R:R = 1 and you have a pretty profitable system. Net 8 trades (23 winners - 15 losers) * risk capital% gives you a raw 16% ...

How to use the 123 strategy effectively

I couldn't be a buyer of this pair. I don't place any credence on a M1 (or even M5,M15) chart in asian time zone (no offence)... a retracement to 84.10 is healthy and you can sell it if it breaks under 83.70 using a basic 1-2-3 entry. There are 4 ...

trading forex using Gartley Patterns

I see multiple (4) ABCD confluences 84.09-84.38 along different time frames, good luck! I had a sell order at 25 which missed by 5 pips but glad you can take advantage it.

trading forex using Gartley Patterns