Simple as 1-2-3

[dchappy]

OK, left 1/2 on ..just in case ..

But done for good now ..

Wife and I are doing some traveling , probably be back around Fall .

Be safe & Never Quit

[nicoacademia]

Have a safe n fun trip DC

[nicoacademia]

i thought you may login while on holiday

[dchappy]

Yes , there were some very clear moves this week ..

Good Job

[dchappy]

I,m on vacation and recieved a PM which troubled me , so thought I would

post the answer here .

Q : " ..your trades appear to be " cherry picked " are you posting losers also ? "

A : Of course , I have losing trades now and then . The reason that I post

is not to show my meager skills , but to try to show that the 1-2-3 is a

profitable method . If you have doubts search for them on any chart , that should be proof enough .

Q : " Are you looking at any other tf charts or indy's that aren't on your

posted charts ?
A : No , the chart that I post is all I use . I have been showing a few diffent

ways to determine trend , but any of them will do the job . I always come back to macd ,as my favorite.
Q; can you show the steps that you use to pick a trade ?

A : Sure , very simple

1. I wait until I see a #1 point ( semafor )

2. A #2 should soon follow , as a retrace . If it passes the original #1 , the process starts again , and we wait for a new #1 to form .

3. If it does'nt pass #1 , it is a #3 ,

4. Now I am looking @ the macd , it should be crossing the zero line , or just about to .

5. If price breaks the #2 point AND the macd has crossed in the same direction ,.. That is an entry .

For targets I use fib projections ( shown elsewhere in this thread ) or just exit at a stall.

I hope this helps clear some things up . It's a simple way to trade , is profitable for me . Todays trade has just hit the 1st target .

Take Care

[dojirock]

Excellent explanation Dc...enjoy your vacation....

doji

[nicoacademia]

enjoy your vacation DC! n thanks for helping us all me very much.

i figured out going through your pages all over again that it is like a coiled energy.

at the right 1-2-3 it will usually have the 30 simple MA close to price. like a calm before the storm.

referencing how you see things against actual market screen time watching how it bounces around helped me alot.

im still clocking screen time to see better.

[nicoacademia]

to the pm that troubled DC just keep reading through the thread.
and there's no 100% in trading. the stop i usually put behind the 3 by a bit.
took me 4 months to appreciate the work here after coming one big round.
DC's a real honest trader sharing real valuable information.

and he lives off his trading. do you?

[dchappy]

seeing divergence , i went short as macd dipped negative ..

i covered when price retraced and macd became positive

a 1-2-3 continuation formed , and i entered a little later on the hook ..

hope this helps someone ..really finished now ...

be back in a few months ....

[MightyOne]

I have been keeping track of this thread

Here is the template that I am using to follow along: