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forex1962 replied Feb 17, 2011Thank you for the detailed answer, I don't have any problems actually finding a 123 set up, but the problem I have is finding the right one. I seem to enter a position at the wrong time and it turns against me. It's as if I see the trend rising ...
How to use the 123 strategy effectively
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forex1962 replied Feb 17, 2011I think this is a great system, but I'm having real problems identyfying where the reversals start and when to enter, any tips appreciated.
How to use the 123 strategy effectively
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forex1962 replied Feb 16, 2011Thought I'd lie low for a few days while I tested out a modified version of Cubby's strategy, which seems to be giving me a lot more success. No disrespect for the original as it seems to be doing the job for a lot of people here, but I find ...
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forex1962 replied Feb 14, 2011Wasn't this a good set up, got stopped out........
How to use the 123 strategy effectively
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forex1962 replied Feb 12, 2011I like the idea of near naked trading but wouldn't a camarilla be useful for finding support/resistance and pivot points and maybe filtering out too risky trades? One other question how are we defining a high or low I was always told a high has to ...
How to use the 123 strategy effectively
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forex1962 replied Feb 12, 2011Yes I think thats it, it's basically a 38.2 retrace, but where does the stop go is it 1 or 3?
How to use the 123 strategy effectively
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forex1962 replied Feb 12, 2011Thanks Guys I think I get it, at least 38.2 retrace, stop a couple of points under the 3 (long) and first tp value of 1-2 then move stop up to 2 and so on..............only problem finding the reversals!
How to use the 123 strategy effectively
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forex1962 replied Feb 12, 2011Thank you, so the retrace would have to reach the yellow (so in effect the retrace has to be at least 38.2%) and the blue is your TP. Is 1 or 3 the stop as people seem to vary on this one?
How to use the 123 strategy effectively
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forex1962 replied Feb 12, 2011Thank you, sorry to be a bit slow but I want tobe absolutely clear here, would the trade in the pic attached not be valid as 2 has not retraced 61'8%? or have I got the fibs the wrong way round, please see next pic
How to use the 123 strategy effectively
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forex1962 replied Feb 12, 2011What an interesting thread, can someone just clarify one thing to me, from the attached image are we measuring 61.8 fib from 2 to 3, not 1 to 3, in other words 2 to 3 has to be a minimum 61.8% of 1 to 2? Hope that makes sense!
How to use the 123 strategy effectively
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forex1962 replied Feb 10, 2011in your indicators folder set an ema to 3 then another 5 and another 13
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forex1962 replied Feb 10, 2011ReaM I've signed up to skype as Forex1962 can someone ask me to join the group or what do I do?
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forex1962 replied Feb 10, 2011Sell GU @6025 on 5m anyone? Can I join the chatroom but I don't have skype?
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forex1962 replied Feb 10, 2011Brilliant work on the fractal idi but aren't we meant to go buy the 2 up 2 down rule?
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