Hi nomask Do you consider yen pairs weekly candles as being suitable setups? they all have the same shape as the attached UJ weekly

Trading Major Lines

Confirmation is needed for a hanging man to be a bearish pattern, and that is a further candle closing below the tail.

Trading Major Lines

We should be short now as per system rules, is that right? Entry 1.3952

AZB Price Action

Thank you I just wanted to make sure that the weekly setup needs only to cross the major level and not necessarily be a reversal pattern such as pin or engulfing

Trading Major Lines

Hi nomask Don't you regard the green weekly candle crossing 1.2 level as set-up bar?

Trading Major Lines

In my opinion and experience, a min of 2 bars between points 1 and 2 is absolutely necessary. As to point 3 if it has retraced to at least 38.2% level of move 1-2 we can compromise on the 2 bars between 2 and 3 and have a min of 1 bar, still it ...

How to use the 123 strategy effectively

Good Morning Simple and very powerful

Trading Major Lines

Hi nomask I used to read all your posts on CW's thread always with interest and I am glad you started this thread explaining your excellent analysis. The only part which I have a slight problem with is the 5 min entry, I understand its advantage of ...

Trading Major Lines

Also I note that on your chart TP1 is 100.0..... nd TP2 is 117.0... so they are not calculated correctly

The Small Hours Simplified - Coding only

That is because your daily bar and as a result your 4 hr bars start at a different time. The above chart seems to be GMT0 and yours maybe GMT+2 like mine.

The Small Hours Simplified!

2a had been a valid 2 before 2b was formed, then 2a was invalidated and 2b became a valid 2, your point 3 is not a valid 3 as there are not a minimum of 2 bars between 2 and 3 in either case. The above are according to the rules set out by P Point 1 ...

How to use the 123 strategy effectively

Rule #5 mentioned by paulus covers this aspect; it requires at least 2 bars between points 1-2 and points 2-3 : 5. I must have more than 1 candle in between 1 and 2 and 2 and 3

How to use the 123 strategy effectively

On your chart this is not a 61.8% retrace, this is a 38.2% retrace, you have drawn your fibs the other way round.

How to use the 123 strategy effectively

Hi Paulus No doubt you have tried or checked a number of spread betting firms, which one do you find better as to spreads margins and in particular order management?

How to use the 123 strategy effectively

Your chart shows one candle between 2 and 3

How to use the 123 strategy effectively

Maybe up to 1337.5 or 1342 which are 50% and 61.2% retrace of the last leg down, and wait for reversal action on 4hr

XAU/USD Spot Gold

Rules — Hi Paulus Is the following a correct summary of the rules which you apply to 1-2-3 trading? 1- The Asian session box ends at 6:00 am UK time 2- If price is at lower part of the box at 6 am, looking for longs 3- We want top of the box ...

How to use the 123 strategy effectively

With the new 4 colour MACD, the exit rules posted on the first page should change, shouldn't they?

MACD Risk System

EURUSD 123 short on 15min and short 2B on 1 hour developing however extremely CT

How to use the 123 strategy effectively

With Interactive Brokers you trade options on futures, the underlying is still EURUSD. The options are traded on Globex, margins are much higher but spread is only 1 pip. Pip value is USD12.50 and 1 futures contract on which option is traded has a ...

Forex Options Strangle System