Would this qualify as a possible EURUSD short set-up? High, Low below dragon, retrace making a lower high... Entry upon break of Low at 3250. Target 1 at 3179 and target 2 at 3121.

Sonic R. System

This trade hit my SL... I tried my luck by letting it run past end of day. Couple of times I could have gotten out at BE or + a few pips. It was range bound for some time and eventually broke to the downside. Oh well you win some and you lose some.

How to use the 123 strategy effectively

GBPUSD short # 2 — Now watching for another short entry on the small 38.2 retrace. Will set target at -38.2 with 5% risk. Not looking for long yet as I see no upside interest in the charts ATM.

How to use the 123 strategy effectively

GBPUSD short — Took this and went for -50% target as this was a 50% retrace. Traded this as a 5% trade per Paulus MM. Staying away from EUR ATM as I do not like the PA.

How to use the 123 strategy effectively

Paulus, Just keep posting your setups and let others learn from them and make their own decisions on whether they agree and if not why or what would they have done differently. I trade 123's and not just trend reversals but love to see what others ...

How to use the 123 strategy effectively

Sorry for asking a repeated question. Have a good day.

Sonic R. System

Do you used modified settings on volume? Mine does not look like yours?

Sonic R. System

Nice Link to a Forex Holidays Calendar for 2011... — url

How to use the 123 strategy effectively

Paulus I have great respect for your MM style and I am now looking at my MM / targets section of my trading plan for 2011 and am really considering adpoting this % vs pips methodology. Rather than have a target daily for 50 pips with adjusted lot ...

How to use the 123 strategy effectively

Got into this trade with a pending buy order while I was out shovelling all the snow we have gotten... I have my SL at 0.0 and my TP at 200.0

How to use the 123 strategy effectively

TP hit.

How to use the 123 strategy effectively

EURUSD Short Trade Trend Continuation.. — I took this 123 as a trend continuation based on the fact that volume dropped off on all 3 up bars showing little upside interest ATM... Target at -38.2 as this was a small retrace. Almost there.

How to use the 123 strategy effectively

AUDUSD short trade forming? — Watching this pair to see if point 3 forms and PA heads back towards point 2...

How to use the 123 strategy effectively

USDCHF potential trade — Watching this pair to form a point 3.

How to use the 123 strategy effectively

EURUSD Short... — Nice quick one to the 38.2 fib.

How to use the 123 strategy effectively

Yes I trade using MT4 with standard Fib Tool. I just add and delete levels as I need them. I use the fib you see for my 123 trades and another fib setting for my other two trading systems. Just go into the Fib propeties (highlight the fib on the ...

How to use the 123 strategy effectively

TP hit.

How to use the 123 strategy effectively

GBPUSD — 15 minute chart trade underway...

How to use the 123 strategy effectively

Let this old set up ride with a pending sell order and once it hit I felt good about it since price never made it over the 50% fib. Target hit at -100.

How to use the 123 strategy effectively

Missed that post... sorry bout that.

Trade What You See - Almost Naked Trading