I missed that one completely... For two reasons; 1. I was travelling to work when that formed. 2. I don't even know if I would have traded it if I was sitting at my computer as it it a messy looking set-up. The 123 gets kind of lost in all the long ...

How to use the 123 strategy effectively

Can you post a chart? I see an earlier set-up with a short at 3376 but it never triggered?

How to use the 123 strategy effectively

EURUSD Short — Here is a short trade I took on EURUSD... had a false break with another retrace but fortuately it came back down and hit the TP at -100 fib.

How to use the 123 strategy effectively

Very true. Even with a successful sell on the way up if the pair has moved it's normal limit I will still be wary in jumping back into a long after the pair has completed it's normal daily range.

How to use the 123 strategy effectively

Simple Trades — I agree completely that simple clean charts are better and easier to read and see possible set ups. I also do not believe in trading completely blind either. Support and resistance levels and daily range are very important ...

How to use the 123 strategy effectively

Ah well always another trade... yes he has said that and normally that is how I try and trade. Just wasn't crazy about the PA and didn't want to lose the 5% I made as I was finishing trading for the day. Nice thing about Forex is that a missed trade ...

How to use the 123 strategy effectively

Man wish I didn't have to leave... EURUSD would have hit it's TP at 3378 if I had of left it alone. Oh well up 5% on the day.

How to use the 123 strategy effectively

Closed out EURUSD at BE (have to leave for awhile), PA is terrible ATM for a long... last 4hr that just closed was very bearish.

How to use the 123 strategy effectively

TP hit (108.82) on EURJPY trade... EURUSD trade still struggling between 161.8 and 138.2 levels. I will keep an eye on this one over the next few hours and if it still seems stuck in range I will close it early. I am thinking about going back to ...

How to use the 123 strategy effectively

EURUSD, EURJPY longs... — Couple of trades that are working towards TP...

How to use the 123 strategy effectively

I agree with ChinaWombat in that many ways have been covered in detail but you hit the nail on the head in that you need to focus and learn 1 way to trade 123 method before trying to expand to trading it different ways. Pick one way like Paulus's ...

How to use the 123 strategy effectively

When a 123 is setting up I look to see if it is setting up in favor of a trend continuation or reversal. What happens in a ranging market is that 123's may set up but will usually not trigger, or will get invalidated when point 3 closes above or ...

How to use the 123 strategy effectively

Paulus I believe trades 123's as reversals only (he can correct me if I am wrong). After he has a long trade set up he looks for a short and vice versa. Myself I trade both reversals and continuations. 123's are an easy set-up that are usually easy ...

How to use the 123 strategy effectively

And who introduced the LSMA?

How to use the 123 strategy effectively

Yes I see that move up has broken though some trend lines. It will be interesting to see what price does in the 3450-3500 zone as this has been both support and resistance in the past.

Sonic R. System

Actually some nice BO moves on USDCHF, EURCHF andf GBPCHF... I just noticed now (too late to get in) but all 3 have broken up to the North.

Trade What You See - Almost Naked Trading

Last day of 2010... I'm sure there will be some taking of profits and adjusting of positions for into 2011.

Trade What You See - Almost Naked Trading

That's for sure.

Trade What You See - Almost Naked Trading

Current 1hr candle formed a double top with it's high matching yesterday's high (from 12hrs ago)... looks like some sellers came in on this candle?

vsa with Malcolm

CHF crosses... — Man it's getting tough to set sell targets on the CHF crosses as there are no support areas to trade to or to watch for... where will big money bounce prices? How low will it go?

Trade What You See - Almost Naked Trading