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 10:32 pm

.....then a small 123 to end the session ....
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dchappy
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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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Re: dchappy's trade

Postby v8power » Sun Jul 24, 2016 4:22 pm

MightyOne wrote:
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:


Thanks. Wider like so?
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v8power
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Re: dchappy's trade

Postby v8power » Sun Jul 24, 2016 5:05 pm

MightyOne wrote:
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:


Speaking of Joe Ross Im reading Mastering price Action right now. Did I correctly label all the ross hooks. "In a down-trending market, after the breakout of a 1-2-3 high, the first instance of the failure of a price bar to make a new low creates a Ross Hook". So I think Im right. I feel being more confident in 123' and (ross)hooks will help me be better with my angles, since we start by cutting through a double hook. Thanks
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prochargedmopar
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Re: dchappy's trade

Postby prochargedmopar » Mon Jul 25, 2016 7:04 pm

v8power wrote:
MightyOne wrote:
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:


Speaking of Joe Ross Im reading Mastering price Action right now. Did I correctly label all the ross hooks. "In a down-trending market, after the breakout of a 1-2-3 high, the first instance of the failure of a price bar to make a new low creates a Ross Hook". So I think Im right. I feel being more confident in 123' and (ross)hooks will help me be better with my angles, since we start by cutting through a double hook. Thanks


You missed 3 rh's in that swing.
Never mind all the tte's
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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prochargedmopar
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Re: Simple as 1-2-3

Postby prochargedmopar » Mon Jul 25, 2016 7:10 pm

#3 is also a reverse ross hook.

IMG_20160725_140919.jpg
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#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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