Obviously I am not taking these happy snaps live as the market is closed. But I am not cherry picking either. I have gone back in time and moving one bar ahead at a time using th F12 key in metatrader. These backtests could just as easily fail and ...

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another trendline 123 — all conditions met except maybe a little late in the UK day? Still worked out OK

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Ha ha ha It's 9.55AM in the morning here in Oz. I take it you are not downunder? If you are I would be very worried - about having a cold one so early in the morning LOL

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All criteria met — If you look at this trade it appears all criteria met... -around london open -trendline is valid and is touching 3 swing lows -forming at major psych line 1.36000 -break of trendline -break of number 2 of 123 Too bad we only ...

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Moving right along... — Our original trendline from the previous post is extended and now we can see another 123 formation. This time we have the number 3 point of the 123 finding resistance at the trendline after having already broken it.. So ...

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More Confirmation — OK ignore the first setup on the chart already documented that. Look at the second set up. We have a 123 with resistance forming at 1.3575 and the number 2 is taken out. So without the trendlines we would be in a trade and ...

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Here is the chart I was talking about above — Here is the chart I was talking about above

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Double confirmation — Breaking of the trendline and the number 2 at the same time. That's gotta be good for business? Maybe my problem was that I always drew the trendline first then tried to find a 123 that fit it. But trendlines need to be ...

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Well with the 123 you could literally back test millions. It is not strategy in itself but can be used as one. Like Joe Ross states it is a law of charts. It is simply (for a long) sellers selling and then taking profits causing a pullback and then ...

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DOH! — On looking at that chart once I posted it and seeing it from a more compressed perspective. You can clearly see that the trendline here is very clear and was indeed broken. Also look at the time. That is always a good time for 123's ...

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I find that the 123 pattern on it's own without any indicators wins more than it loses.

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Tools for the trade — A guy I knew who traded the 123 professionally, did so by qualifying them with a break of a trend line and the formation of them around psych lines. Now I always found the breaking os a trend line to be too subjective but ...

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Hi Peter. I like to think of trading like any other science in that, if it works you should be able to have a set of rules you can aplly to get the same result. Depends how you backtest but I like to think the way I do it is close to live trading. I ...

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OK I know what you mean. You could do it and if you did you would have just made yourself a goose that lays golden eggs. In fact in all likelyhood someone has already coded this. BUT if they were to give it away to everyone it would crash the ...

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Hi Mr Break out. Take a look back thru the thread all my charts are predictive. Using the 123 in real time. I have been back testing this for years. Do some back testing yourself. You are the only person you should believe whe it comes to your money ...

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Excellent work!

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No problem Arnold let us know how your trades go. Keep posting

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Oh OK great. Thanks for that. I can also see that arnold uses the fractal indicator which also helps to spot 123's. Keep up the good work guys

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Wow Ok Great! What is the philosophy behind the semaphore indi???

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Hey Excellent. Thankyou! Used to use HA candles and just put them on the chart now. If I was using those I would always like to toggle to traditional before taking a trade because for me anyway, it's much easier to see when there is volume in the ...

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