Here is the same EU a couple of hours ago. Even though it was a little after the long down candle, I thought there was much room for more. Not a big trade though. I entered after the cross, reversal candle pattern, in the war zone. R is a resistance ...

5Min Intraday System

Hey Golfer, I think you meant to say "Pennant", not triangle?

5Min Intraday System

Great posts and analysis, Golfer. I missed EU trade because I just got off of a trade GY before this happened. I was watching how it would go though. I usually do not take a trade if a pullback is that strong like it was in EU earlier today. It's ...

5Min Intraday System

It hit my TP 109.182. I guess I was a bit conservative but my initial TP was 109.35, so my judgment was right after all. Currently it is at 108.89. I may go for another bull position if it holds around here.

TEB: Retracement Wave Surfer System

Took a position as well. So far so good.

TEB: Retracement Wave Surfer System

I understand that some retracements are not good ones. Forget the question I asked. I was just wondering about something else. The system's logic works on any time frame. But you will have to have a strong trend for 1H or 4H. 1M is the most unstable ...

5Min Intraday System

Actually I think I understand what Paulus said and his charts all in his posts. It's the other people's comments that made me confused. It could be the fact I have been reading many 123 threads lately at the same time. Anyway, I think I will just ...

How to use the 123 strategy effectively

Do you mean while you ride on a trend and take reversals as you spot 123 points at the same time? This might be a silly question but it is pointless to spot 123 in a range right? It's better for a breakout in there, I think... So, when would be the ...

How to use the 123 strategy effectively

Right on! Looking forward to seeing more examples

TEB: Retracement Wave Surfer System

I wanted to ask you something Golfer. You mentioned before something about 123 system, using in this. Do you mean you select certain retracement out of those that enter the "war zone"? Or whatever candles that come to the zone, you just enter?

5Min Intraday System

Where was your entry level on the image? By the way, I tend to think horizontal S/R lines seem more accurate than diagonal trend lines for entries.

TEB: Retracement Wave Surfer System

That is the123 patterns I am familiar with. They all appear during a trend. All point 2-3 are the retracements of a main downtrend. Also knows as Granville Rules. Or is this the only pattern he trades with this system then? It did not seem that way ...

How to use the 123 strategy effectively

The link is broken. But he explained his rules here url It's on page4. I feel so dumb but I don't think I know it fully. People said something about trend-following in 123 on that page? But whenever 123 forms, it looks always reversal just like ...

How to use the 123 strategy effectively

Appreciate the explanation. I read the first many pages, but is this one new rule? Still draw lines at untested points?

Trading with Deadly Accuracy

I understand that 123 pattern appears during a trend. This one is actually one of Granville Rules. You take a position at a retracement of a trend. They are also M-top or W-bottom when they appear at the top or bottom of a trend. But it seems 123 ...

How to use the 123 strategy effectively

OK. The same question again, how about 38.2％? I just want to know what levels are better... According to the rules, the position of point 3 has to be higher than point 1 in an uptrend (lower than point 1 in a downtrend) right? Meaning point 3 must ...

How to use the 123 strategy effectively

Guys, I have a question. Fibo 61.8% is better than 50% in results? Or it does not matter?

How to use the 123 strategy effectively

Yellow is EMA 10. The image is from 5M TF. This same system works on 15M as well if a trend is strong enough. This system works perfectly when there is a strong trend. And you should see SMA and EMA 21 become parallel to each other often. In a ...

5Min Intraday System

Thought so. Lately I have been reading the same systems in different threads, but I noticed they put different titles. I think this system is one of the best. It seems this gives the most entry opportunities IMO yet pretty accurate. Honestly, ...

1 2 3 Strategy explained

I was wondering if there is a difference between M-top/W-bottom and 123 system?

1 2 3 Strategy explained