i have read the entire thread twice now. but there is something i do not understand with the EA. i have this fibbo on my chart and as i understand it the way i have it setup it should have filled an order for me + sold 50% of the position by now. ...

Simple Fibonacci Trading

i use macd divergence to determine the continuation of the trend. to be frank, if the next wave is not stronger in the macd histogram i say it is no longer trending and a reversal is to be expected. what do you guys think about this?

Simple Fibonacci Trading

i see. that is very nice. does the EA compensate though? where i to draw it my way?

Simple Fibonacci Trading

yes i understand you perfectly. however if i draw the fibb like that on my mt4, then i see an extended 161.8 level on the bottom side of the chart. if it was a long trade. but what i am wondering is why it is down there since the goal is on the top ...

Simple Fibonacci Trading

one thing that i do not understand about this method is: how come "we" draw the fibbo upside-down? or am i just to drunk right now. i always drew them the other way around so that i could visualize the 161.8 level on my chart. does the EA compensate ...

Simple Fibonacci Trading

very interesting pbb, i have done a lot of back testing and thinking during the holidays and come to the conclusion that the signals given by the 123v7 work very nicely if used in conjunction with divergence. i keep a macd and slow stochastic on my ...

123PatternsV6 revisited

hello and welcome to the thread. as i understand it this is how to use the version 7 of the indicator, and the alarm. put the following on a chart: 123v7 123v7alarm zigzag set to depth 1 now, whenever you get the alarm (the popup and/or the blue/red ...

123PatternsV6 revisited

got it. thats the first short signal in 123's there if you look at the top before. im with ya

123PatternsV6 revisited

so can i ask you robdee, how did you trade that? or did you? or?

123PatternsV6 revisited

hello everyone, here are some decent trades according to me. just pointing them out. zigzag is set to 1.

123PatternsV6 revisited

if you ask me today is a chop/flat/news day. it will be interesting to see how the indicator does today. i would also like to point out that some of us might not want to hear both the sounds, when the price breaks a level and when the sound draws an ...

123PatternsV6 revisited

hi. please remember that the v7 is in testing phase and as such is not always working as intended. one thing you could do to filter which side of the trades you want to take is to use a slow moving macd next to your chart. i personally like to use ...

123PatternsV6 revisited

robdee that v7 looks very promising. is it too much to ask of the new v7 version to have a automatically calculating line of set % for my entry? i am thinking a box where you input how much pullback in % and then v7 draws a line at that point, ...

123PatternsV6 revisited

i am looking for a 123 setup and then i calculate where the entry "50% between 2 and 3" is, put my order there if it fits my other criterias.

123PatternsV6 revisited

here is a picture of what i mean. i made up the difference from point 2 to point 3 and set it to 10. i have not measured it because that does not matter for what i am about to show. on one side there is a trade with 10 pips risk for a possible gain ...

123PatternsV6 revisited

hey Vantage that dashed "v" you marked on the chart is exactly where i would enter with my rr 1:3 as i told you in my pm. this "v" point illustrates it perfectly; a bigger 123 shown a few bars earlier and then an entry at a bit better price going ...

123PatternsV6 revisited

since robdee already explained it nicely i'll use his latest picture to illustrate my thoughts on this. point a shows the bar that broke point 2, 1 pip above this bar is where aggressive entry would be. point b shows where tte zone would be and as ...

123PatternsV6 revisited

hey and welcome to the thread :-) i would just like to comment. i do the same on entry, see the break of point 2, watch for the TTE zone and have orders there to take me in at that point. however i do calculate the distance of TP differently. taking ...

123PatternsV6 revisited

i would like to say something. the idea of using an indicator to assist ones perception of the price is something i like, though if it was possible i would like to be able to not have to use one. i suppose that i could claim i truly do not need my ...

123PatternsV6 revisited

thank you for your quick reply alrightfrank. i am happy to hear that somebody else is using similar methods with targets and stops like me. this makes me happy, sort of. hope you have a good one. will post later or cya next london session :-)

123PatternsV6 revisited