Simple as 1-2-3

forex live trades, setups, charts

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lazygeorge
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Postby lazygeorge » Mon Mar 07, 2011 10:50 pm

dchappy wrote:Yes , I would leave the macd off for now ..

How about this .. set your chart to 3 renko with the 50 ma..

Remove macd and the Semafor indy ..

Then mark the 1-2-3's that you see and re-post the chart here ..see what we discover......also if you would ..draw on your chart the hrs you are able to trade ....Thx


hey chappy,

You ever trade gbp or stick to just euro...

Seems like easy pickings on cable today :D
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dchappy
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Postby dchappy » Mon Mar 07, 2011 11:03 pm

Yes, you've got it ..does that make it a little clearer ?

Now as soon as a # 2 point is established , I watch for the # 3 and place my limit order with pre-set stop (10 ) and tgt (10) a few pips above/below the #2 . then i just wait to be filled ..

If the price reverses , I cancel the order and wait for the next one.

If you miss the first 1-2-3 there is usually a pullback (ross hook ) that you can enter on.

Regarding trading times ...trade when you can..there is always opportunity .

Hope this helps ... :D
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lazygeorge
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Postby lazygeorge » Mon Mar 07, 2011 11:16 pm

dchappy wrote:Yes, you've got it ..does that make it a little clearer ?

Now as soon as a # 2 point is established , I watch for the # 3 and place my limit order with pre-set stop (10 ) and tgt (10) a few pips above/below the #2 . then i just wait to be filled ..

If the price reverses , I cancel the order and wait for the next one.

If you miss the first 1-2-3 there is usually a pullback (ross hook ) that you can enter on.

Regarding trading times ...trade when you can..there is always opportunity .

Hope this helps ... :D


Yes,it does make it a lot clearer :D

Thanks for helping me :D

Also the limit orders explain a little as to how your getting the price you want, i've waited for a close above the 2 and sometimes it can go quick and even that can make you hesitate but that will help.

How long have you traded like this and what sort of strike rate are you getting?

Do you look at any other pairs or just focus on euro?

TIA

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cfabian
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Postby cfabian » Tue Mar 08, 2011 12:18 am

hey dchappy, how this strategy is working for you so far?
I'm still struggling with my trading, and experimenting with renko. I did read the traders trick entry and 1.2.3 patern. Is good to have someone who is using the combination of all :)

Cheers
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

dchappy
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Postby dchappy » Tue Mar 08, 2011 2:39 am

cfabian wrote:hey dchappy, how this strategy is working for you so far?
I'm still struggling with my trading, and experimenting with renko. I did read the traders trick entry and 1.2.3 patern. Is good to have someone who is using the combination of all :)

Cheers



Well , of the many methods i've traded over the last few years , I like the 123 the best ..

Entries are pre-defined , so no guessing ..and the pattern can be found about any time , any session .

As with all methods you still have to avoid over-trading . and use good judgement when picking trades ..


Good luck on your journey....




simple explanation here :


http://www.margin-strategies.info/forex-123method.html

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dchappy
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Postby dchappy » Sat Mar 26, 2011 12:58 pm

Trading the 1-2-3 's on the EU ..my target is 10 pips ..

Why only 10 pips ??

Simple .. look at a 1 min chart ..

Very rarely will you see a swing that is less than 10 pips..

Taking 2 or 3 of these high probability trades a day , adds up quickly ..
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noushina
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Postby noushina » Sat Mar 26, 2011 2:06 pm

So are you setting your renko boxes to 2 or 3 pips then?
(edit: oh you answered that "How about this .. set your chart to 3 renko with the 50 ma.. ")

I keep trying to watch 4 or more renko pairs on an old computer with less than a gig of memory, and at some point it gets bogged down so that I can hardly move the mouse. So I have not been using my renko charts. Guess its time to upgrade.

By the way, TradingNaked has a lot of good Joe Ross stuff (123, Ross Hook, TTE, ledges etc)
http://www.trading-naked.com/joe_ross_.htm

dchappy
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Postby dchappy » Mon Mar 28, 2011 1:50 am

noushina wrote:So are you setting your renko boxes to 2 or 3 pips then?
(edit: oh you answered that "How about this .. set your chart to 3 renko with the 50 ma.. ")

I keep trying to watch 4 or more renko pairs on an old computer with less than a gig of memory, and at some point it gets bogged down so that I can hardly move the mouse. So I have not been using my renko charts. Guess its time to upgrade.

By the way, TradingNaked has a lot of good Joe Ross stuff (123, Ross Hook, TTE, ledges etc)
http://www.trading-naked.com/joe_ross_.htm


Yes..saw that ..good stuff
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dchappy
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Postby dchappy » Wed Mar 30, 2011 12:34 am

lazygeorge wrote:
dchappy wrote:Yes, you've got it ..does that make it a little clearer ?

Now as soon as a # 2 point is established , I watch for the # 3 and place my limit order with pre-set stop (10 ) and tgt (10) a few pips above/below the #2 . then i just wait to be filled ..

If the price reverses , I cancel the order and wait for the next one.

If you miss the first 1-2-3 there is usually a pullback (ross hook ) that you can enter on.

Regarding trading times ...trade when you can..there is always opportunity .

Hope this helps ... :D


Yes,it does make it a lot clearer :D

Thanks for helping me :D

Also the limit orders explain a little as to how your getting the price you want, i've waited for a close above the 2 and sometimes it can go quick and even that can make you hesitate but that will help.

How long have you traded like this and what sort of strike rate are you getting?

Do you look at any other pairs or just focus on euro?

TIA


Sorry ..just saw your post ..

I only trade EU

Success rate ? There are too many variables to give a number ,

as with any method , you get better with practice .
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dchappy
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Postby dchappy » Sat Apr 02, 2011 7:18 pm

13 possible entries ..

2 losers
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