Just wanted to add another little rule that I try to adhere to. While I will start my count at 7am, I want to see the point 3 being formed after 8am. I think that eliminates some of the fake moves we see at that time.

How to use the 123 strategy effectively

Good morning, China Wombat! Thanks for your posts - they are very informative. Have you had a good week? Yesterday was challenging for me. Will post some charts later.

How to use the 123 strategy effectively

Re divergence. Did you have look at the Composite Index thingy that Medici and Islander were using. It is pretty effective.

Higher low, lower high system

Morning V Interesting link. I have actually waded through Brijon's thread - for my sins! - and his idea is incredibly simple. Will have a look at the pdf and will post any further thoughts on this. Have a great day!

Higher low, lower high system

t Boy that is frustrating! Problem is that with a few of these, you can easily lose faith in a perfectly good strategy. Have to agree with Attila's post above - the more I read here, the less decisive I become...

EURUSD

The way that works best for me is to set tp and s/l and then to walk away from the pc. I'm sure that's not what the experienced guys will say, but if I nurse a trade too much I kill it every time. So long as the tp is reasonable and together with ...

EURUSD

Hmmm. And you are encouraging others to follow you on this?

EURUSD

I like your theory! Will have alook at it.

EURUSD

Hello Pilotui Is that related to Bobokus' thread? Could you post the pdf, by any chance? Good to have you along!

How to use the 123 strategy effectively

Kicking myself, because I missed that! Still watching EU crawling like a snail!

How to use the 123 strategy effectively

Great point.

Profit All Day System

This is where those discretionary elements come in. Start your 123 count from 7am GMT and try to look for a reversal setup - so if Asia has been trending up (as in this case) you are looking for a short setup. This way you don't enter on the last ...

Profit All Day System

Yes it does. They are both 123 pattern. I have other bits on because they are what works for me. Ignore them. The basic pattern is the same.

Profit All Day System

Still disagree!! EU Chart from yesterday morning. Anyway its what works for each of us thats important! All the best.

Profit All Day System

That's fine - it it works for you, but please don't put off others from trading London using this/123 system, because I can assure you it works well. Today was horrible, granted, but even in the choppy pre NFP mornings last week a decent amount of ...

Profit All Day System

With all due respect, that's rubbish! Cubby recommended trading NY because he lives in the US. There is usually one decent move per pair during London. You just have be careful to avoid the fake provided by Frankie.

Profit All Day System

Oh I see. Sorry! In a final, clumsy attempt to help I post the following chart, which is my copy of Paulus' last chart ie 28th Jan. It would appear that his times are one hour ahead of mine. It may help for a comparison, until he posts himself. Best ...

How to use the 123 strategy effectively

Are you East Coast? If so, that will be right as you are 5 hours behind GMT.

How to use the 123 strategy effectively

Does this help? It is now 14.25 GMT.

How to use the 123 strategy effectively

Vlad's first post said (can't multiquote -sorry!) 'U got some point with this post! Pip chick got here once ... She was the first one on my ignore list after saying few days ago she entered at top by the pip when the price fell for 60points.' ...

EURUSD