Simple as 1-2-3

forex live trades, setups, charts

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dchappy
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Re: Simple as 1-2-3

Postby dchappy » Thu Jul 21, 2016 6:08 pm

Lol , Thanks ,I rarely trade summers ...but with this kind of movement it is easier to be right ..I enjoy your charts also..

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MightyOne
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Re: Simple as 1-2-3

Postby MightyOne » Thu Jul 21, 2016 6:18 pm

dchappy wrote:Entered too early on this trade , took some heat but eventually the 123 pattern developed and was able to add on #-o


Nice trade DC =D>

Something for you to consider:

'3' means that your size is divisible, or nearly divisible, by 3:
The loss of space is: -1/4, -1/5, -1/6, repeat.

3, 4, 5, 6, 8, 10, 12, 16, 20, 24, 32, 40, 48, ... (3 + 1 + 1 + 1 + 2 + 2 + 2 + 4, ...)

2.40, 3.20, 4.00, 4.80, 6.40, 8.00, 9.60, ...

1) Your brain will ask you if you want to wait for more pips
2) you think "yes"
3) you click the sell button
4) repeat.

...but doubling is the fastest most ballsy way to do it :D

dchappy
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Re: Simple as 1-2-3

Postby dchappy » Thu Jul 21, 2016 6:59 pm

Thanks MO , your posts are like thick juicy steaks ...I will chew on this one a while... :smt023 :smt023

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Jalarupa
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Re: Simple as 1-2-3

Postby Jalarupa » Thu Jul 21, 2016 7:04 pm

EURJPY Cones.PNG
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- Oh and thanks MO for that piece to the puzzle that I've been puzzling on for quiet some time ;)
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

Trade management by <<FX SYNERGY>>
<<Tickmill Trading>>

dchappy
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Re: Simple as 1-2-3

Postby dchappy » Thu Jul 21, 2016 10:32 pm

.....then a small 123 to end the session ....
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Re: Simple as 1-2-3

Postby dchappy » Fri Jul 22, 2016 2:11 pm

Late again on this 123 .It triggered just before NY open(pit session). Took about 10 pips heat ....
Ok ,I'm really done for the summer now ......be back in the fall/winter ...good trading to all,.... :smt023
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v8power
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Re: Simple as 1-2-3

Postby v8power » Sun Jul 24, 2016 2:39 pm

dchappy wrote:Entered too early on this trade , took some heat but eventually the 123 pattern developed and was able to add on #-o


Damn man that was an awesome trade. I gotta study 123's more

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MightyOne
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dchappy's trade

Postby MightyOne » Sun Jul 24, 2016 3:31 pm

Visually, I prefer the 2 SMA (red).

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v8power
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Re: dchappy's trade

Postby v8power » Sun Jul 24, 2016 3:46 pm

MightyOne wrote:Visually, I prefer the 2 SMA (red).

EURJPYM5.png


I have never really payed to much attention to 123's. Anything wrong in your eyes with this?
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MightyOne
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Re: dchappy's trade

Postby MightyOne » Sun Jul 24, 2016 4:10 pm

v8power wrote:
I have never really payed to much attention to 123's. Anything wrong in your eyes with this?


DC waits for a trend-line break (2) before marking #3.

When his trend-lines are steep they are also usually shifted to the right, away from the chart.

Joe Ross would love your 1-2-3, but classically one would wait for a wider pattern.

You are going to have to wait for DC's answer :wink:

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