I have been away from trading the last week and a half with the birth of my newest daughter but have been following along with my subscribed threads... I see that CW has already replied but I also wanted to point out that Paulus himself (who did NOT ...

How to use the 123 strategy effectively

Nice to have you and your charts back Intel... (fully clothed of course)

vsa with Malcolm

Got in a little lower off a test bar see where this goes... only looking for a quick scalp and will close before bed.

vsa with Malcolm

EU interesting area — We have pulled back into an area of interest for the EU that we have seen many times over the last days and price has reacted in various ways... I am also still looking for another move into the 3660 level (if this zone ...

vsa with Malcolm

3620 is also a 38.2 retrace of this leg up from 3509 to 3686...

vsa with Malcolm

got it...

vsa with Malcolm

Is the range of the candle not the high to low? Or is it open to close?

vsa with Malcolm

High to low that bar is over 100 pips wide... why is that not wide enough? The only difference is that in VSA we only consider the H/L and C (not the open)... Just curious.

vsa with Malcolm

Yes that was a nice test on the 1hr of the WRB close...

vsa with Malcolm

I was a little slower on the trigger but got in at 3550...

vsa with Malcolm

TP close to being hit so SL has been moved to BE since we are close to end of day.

How to use the 123 strategy effectively

Works out fine so far... Sometimes if I think the move may be extended I will trade 2 lots and close 1 at 1:1 and let the other run until we hit ADR or get into messy looking Hull and PAL.

vsa with Malcolm

Up until today...

vsa with Malcolm

Right now on EURUSD I am watching reaction and 2 trigger levels from my 1hr chart. 3582 from Friday WRB close, Highest Volume and 3662 from Thursday WRB close, Highest Volume...

vsa with Malcolm

It's how I mainly trade the 123's. If I am trading on say a 15min time frame and point 1-2 is 60 pips... this means that if price has retraced to just shy of the 50% fib then it has moved 30 pips. If I am risking say 5% of my account on this trade ...

How to use the 123 strategy effectively

EURUSD long — Now in this one long... 50% retrace so I am only targeting 150% fib for TP.

How to use the 123 strategy effectively

Honestly didn't even look at the 30min but I see now that the two bar reversal on the 15min was infact an upthrust on the 30min... Two traders got to the same trade from different TF's... gotta love it.

vsa with Malcolm

EURUSD short — Here is a VSA based short taken today completely off the 15min chart... (Thought I would post this since the VSA thread has been somewhat off topic today)...

vsa with Malcolm

EURUSD short — Been too busy at work to pull any charts so sorry for the late post...

How to use the 123 strategy effectively

EU appears to have bounced off last weeks low for the time being...

vsa with Malcolm