Simple as 1-2-3

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v8power
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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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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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prochargedmopar
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Re: Simple as 1-2-3

Postby prochargedmopar » Thu Aug 18, 2016 6:15 pm

Forex trading coaches has had a trading website since 06'.
The have had a daily trading webinar giving out trade calls since 09'.
And I do mean EVERY day except major holidays day after day.

So what are they ecstatic and full of joy over currently in their teachings?
THE 123 PATTERN.

Using the mas to cross over, cross back, and then cross again to give them their 123 locations.....they then trade away from the double top (1) high or low on a breakout retest.

They have had 0 losses the last 2 weeks when this pattern backed their trade call.
Hmmmmmmmm

Steves chart from Aug 15, 2016

IMG_20160818_131455.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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dchappy
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Re: Simple as 1-2-3

Postby dchappy » Mon Oct 31, 2016 9:54 pm

I have been helping a young trader He is taking 123 trades only . In 3 months his results are 30 trades , 27 wins and 3 losses .Helping a beginner is soooo much easier than coaching someone who has struggled for a while . There is little for them to " un- learn "

aliassmith
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Re: Simple as 1-2-3

Postby aliassmith » Tue Nov 01, 2016 12:22 am

dchappy wrote:I have been helping a young trader He is taking 123 trades only . In 3 months his results are 30 trades , 27 wins and 3 losses .Helping a beginner is soooo much easier than coaching someone who has struggled for a while . There is little for them to " un- learn "


This is so true and if your trainee stays consistent then they never have to learn another method.
Trade Your Way as Long as It Makes Money!

aliassmith
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Re: Simple as 1-2-3

Postby aliassmith » Tue Nov 01, 2016 12:12 pm

dchappy wrote:I have been helping a young trader He is taking 123 trades only . In 3 months his results are 30 trades , 27 wins and 3 losses .Helping a beginner is soooo much easier than coaching someone who has struggled for a while . There is little for them to " un- learn "


So what version of 123 are you teaching him?
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dchappy
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Re: Simple as 1-2-3

Postby dchappy » Tue Nov 01, 2016 1:45 pm

I wait for the macd to cross after seeing the 123 .....
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aliassmith
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Re: Simple as 1-2-3

Postby aliassmith » Tue Nov 01, 2016 4:10 pm

dchappy wrote:I wait for the macd to cross after seeing the 123 .....


That looks more like the awsome oscillator. Lol!
Trade Your Way as Long as It Makes Money!

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