Simple as 1-2-3

[dchappy]

Yes ..I went to bed ...missed a good move but I didn't want to be in around that GU news release @ London open .

[dchappy]

A possible 123 short for Asia session ?.....

[Jalarupa]

Hey DC I'm sure you must have covered this before... But what is the significance of using the Bill Williams Awesome Oscillator?

I haven't read anything about it... A quick look back at what the one I put up is showing and it looks like to shows the "strength" of a pullback/correction in relation to previous pullbacks... But that's just what it seems of me eyeballing it...?

[dchappy]

TP was not hit ,,however I will cover here ....

[dchappy]

I decided to let the trade run for a while ...look how close it came to the TP .I will monitor it for a bit , it may drop again ..who knows ? ......I also took a buy zone trade on the EU @ Asia open , which is still running ...... ...Jala ..I'm using the AO in place of the macd ( which I've used for about 15 yrs . now ) as it plots better on this platform . I use it to search for divergence and as an entry/exit trigger when it crosses zero .I also find it useful to show momentum and pullbacks as you suggest .It helped me make the short entry on the EU last night ...........Holiday blessings to you and your family

[Jalarupa]

Thank you DC it's very kind of you to explain. I did notice the quality divergence signals that it gives after spending some time staring at charts on my phone.

Would I be correct in saying (pardon my intent is not to confuse you) that you also lined up the NU entry on the number 2 pullback in your 1-2-3 count?

All the joy and love to you and yours through this festive period. May you have many happy returns

[dchappy]

Jala , Yes , I try to consider divergence , #2 points ,trend line , AO cross , time of day . When all of these things come together , it is usually a good trade . This NU long looked good , even without the divergence ......

[dchappy]

I have been holding this trade since Asia Thursday night . I entered as a possible 123 , but it could also have been a bz entry . I was unable to monitor Friday when I should have exited for about 30 pips . Later it went into drawdown for 40 + pips .I will watch it now to see what happens at Sunday nights open ......my bad

[dchappy]

Covered...calling it a night,.....

[dchappy]

I missed the bigger move 2 days ago ...but caught the 123 at Asia open last night , if we remain patient there will always be another opportunity ..