SP500 down-channel holds — Well it took nine days of testing but the upper side of the down-channel held the SP500. The last four days are tracking on the same angle as previous steep descents. Just two weeks remain to reach my estimate of ...

Compression Project

length of buy/sell lines — The lines keep printing until a new signal prints, the new signal then 'takes over' the lines at the new level. Sometimes I will draw a rectangle to extend out the zone further to see what happens later on.

123PatternsV6 revisited

reply to emb — The only trade I took (on this system) was 10:30 gmt short. Bearish trend too strong to look at longs imo.

123PatternsV6 revisited

London session with V6 fibo targets — EURUSD London started with a tricky bullish pullback lasting 2 hours. All had calmed down by 10:30 with a continuation of the downtrend. V6 based fibo targets worked as expected. Day's low hit at 16:00. ...

123PatternsV6 revisited

reply to davidtrader — David, those are OHLC prices for the current candle. OHLC means open high low close. See this page for an explanation of OHLC candles.

123PatternsV6 revisited

Which version V6 or V7 ? — This happens when I release Beta code. People ask me, why are you still using the old version ?Answer: I have been using the old version for a long time, I know it works. Answer: The new beta code is for testing ...

123PatternsV6 revisited

Merits of ZigZag as a filter — Hi sako, thanks for your feedback. I'm always glad to hear a different point of view. I have been putting so much effort into overcoming ZigZag's repaint issues that I have been overlooking the merits of ZigZag. ...

123PatternsV6 revisited

4 hour big picture — With all this focus on V7 and the 5min charts I have been neglecting the big picture. So today I had another good look... Nothing new really, the same big bearish 123-breaks are still in force. Not even the big FED ...

123PatternsV6 revisited

V7 signals with Buy and Sell lines — Hi davidtrader, yes you are correct. V7 signals show both lines (buy and sell) coming from the body of the signal candle. The idea here is suppose you have a sell signal and then later price breaks above ...

123PatternsV6 revisited

Grid colour setting — Welcome handy148, you are right, to make the triangle visible go to Charts.Properties.Colors.Grid and set it to a visible colour.

123PatternsV6 revisited

V7 beta update — I have made changes to the 123PatternsV7 beta code. Option now exists to show only Bulls or only Bears. Used when trader has decided market is trending and does not want to see opposing entries. To hide the Bulls set ...

123PatternsV6 revisited

London session using V7 beta — Please see that post (link above) for details of the V7 beta test. Here is my analysis of the London session. image The Euro bulls finally giving up the fight, chop chop

123PatternsV6 revisited

V7 beta testing anyone? — Traders may like to do some V7 beta testing? I am very busy this week so I will just post this and then carry on with my other work for a few days. New ideas... V7 focuses on aggressive entries, it does not wait for ...

123PatternsV6 revisited

reply to emb — Hi emb, sure no problem, I am very busy this week with mid-semester exams. Later in the week I will be working on it. Something like 23RetraceLine=0.50 is what I' thinking. Robdee

123PatternsV6 revisited

V7 beta preview — Here is a preview of V7 showing 'Vantage style' entries on that same day (6 Dec). image V7 is still under construction. Robdee

123PatternsV6 revisited

Three options for aggressive entry — Vantage, emb Your recent charts and discussion are very helpful, great work! I see three options for aggressive entry before the break of point 2. 1) Vantage's candle that closes with very little wick ...

123PatternsV6 revisited

123 patterns developing V7 — Vantage is correct in saying that the arrow prints after a candle closes beyond price point 2. The indicator is always looking back in time at the last three price points to see if they make a valid 123. Valid 123 ...

123PatternsV6 revisited

Week 4 — Week 4 of my trading plan I decided to remain with EURUSD and not switch to EURJPY. I'm a little bear, big bears ate my lunch during ECB press conference. Result is 10% loss = -$54. ($486 current equity)

100 Fold Challenge -> Interested? TEST yourself

London session — EURUSD London opened on the opposite side today, strongly oversold on CCI. Bears failed to reach first downside target. A candle closing above 50 fibo was a warning of bullish strength. image Basic 123 analysis yielded zero ...

123PatternsV6 revisited

Bears eat my lunch — EURUSD London opened again today on overbought side. Early warning of setup failure when candles closed above 50 fibo. ECB press conference helped the bigger bears eat my lunch (SL -20). image image I am the little ...

123PatternsV6 revisited