Does anyone know how long the Q&A session lasts after Bernanke's statement?

EURUSD

Hi Pipchick I think this is a misunderstanding. In Vlad's first post, I think he was referring to Anna selling at the top, and goes on to refer to her lack of stops. I think he only mentioned you because you called her out on it. I think its just a ...

EURUSD

Thanks! The sudden move south kind of nullified the question!

Profit All Day System

Hi My charts cut out between 8.30am GMT and 9.15 today. Could you confirm the highest price posted by GU during that time? Thanks!

Profit All Day System

Morning Paulus Do you require more than one bar between the points, to eliminate false signals? Would you consider taking a trade if price retraced sufficiently between points 2 and 3 but with only one candle? This sometimes happens in a strong LO ...

How to use the 123 strategy effectively

Forgot to add chart!

How to use the 123 strategy effectively

It was a valid set-up, it was just a little close to NY open...

How to use the 123 strategy effectively

Okay, have a look at the 123 thread I linked to yesterday. From page 2 onwards Paulus goes through how he trades this set up. He uses the 123 but only as a reversal trade, so he only takes the first retrace in any trend, therefore he doesn't run the ...

Profit All Day System

Hi Cisco I think the points Vantage was raising are those discretionary extras which will help you tailor the system to suit your own needs. Yes, the original rules said don't change anything, but if you noticed a set up and the price had already ...

Profit All Day System

That retrace is a little too deep for my liking. Also, the momentum bars are definitely bullish...

How to use the 123 strategy effectively

Me too! ETA - now cancelled.

How to use the 123 strategy effectively

Nice set up on GU

Profit All Day System

Pres - thank you for your reply. Nice set up on GU this morning.

How to use the 123 strategy effectively

Good morning Just checked the GU chart and your trade would have just hit tp without triggering a s/l set 1 pip below point 1.

Profit All Day System

Pres, sorry to be dim, but could you explain the correlation of fib retrace to projected tp? Thanks!

How to use the 123 strategy effectively

I know - its a total minefield. I keep the 200 just because it seems to be respected time and time again. I think time of day may have more to do with this - if your set up had occured as the first move in the London session, then chances are it ...

Profit All Day System

Hi Pop the 200EMA on your chart - you will see that it is acting as resistance on the M15 and M5 charts. In an ideal world we want to trade away from the moving averages, not into them. Also, if your s/l was under point 1 rather than point 3 you ...

Profit All Day System

Pres - great trade. It was a lovely set up this morning.

How to use the 123 strategy effectively

You are welcome! I think the idea of not re-entering is to avoid entering just as the trend is about to end. If you trade the first retrace only then the number of possible trades does go down but your chances of success are increased. This also ...

Profit All Day System

Hi If you have a look at the link I posted to the 123 thread, Paulus describes his method which pretty much eliminates this problem. He uses it simply as a reversal method, so you trade the first retrace which has much higher odds of success. Hope ...

Profit All Day System