Took profit on 1/3 of the position at 1.2635 and moved the stoploss up under point three of the 1-2-3 pattern.

1.2.3. break bacis

Here's one that just triggered on the eur/usd. The 4 hour trendline may be a problem as Teb pointed out. Thanks for the system Teb. image

1.2.3. break bacis

Hi Hybridvestor, Glad that I could help. I hope you have many successful trades as well. Take care, Dave image

1.2.3. break bacis

WSS = World's Simplest System It's another one of Teb's systems that consists of three timeframes with the 200 ema Dave

1.2.3. break bacis

Raczekfx, Thanks for posting again. I have learned much from reading your posts. Thanks, Dave image

james16 Chart Thread

Vulcanarchi, If you're suggesting that Bundy is a "noob", you clearly haven't read his posts. It would serve you well to do so. Also, Ryan doesn't have to prove anything to anyone. As he pointed out, if you don't believe him, don't read his posts. ...

james16 Chart Thread

Demo, On my chart the 5 gmt inside bar's high is 7987 and the low is 7958. Therefore if I had taken the short it would have been at 7957 and the stop loss placed at 7991 taking the 3 pip spread into account. Half would be taken off at 7923 to lock ...

The DIBS Method... No Free Lunch continues

Harold uses the 5 minute time frame. The take profit exit is equal to the risk. The risk is the distance between points 2 and 3 plus a pip on each side plus the spread. The setup is to wait for a trend in the opposite direction from the daily trend, ...

the key to the mint

Tcmm, Enter as soon as it breaks point 2. If you wait for the candle to close it may have moved too far.

the key to the mint

Hey OzzieDave, Good to see you back!!! Your posts on this thread have been very helpful. image Cheers, Dave

the key to the mint

Steve, I missed this gbp/usd trade also, but it looks pretty good. Notice the bearish divergence between the rsi and stochastics with price, right at the london open. This trade would have been good to hold and ride the 5 ema for extra profit. This ...

the key to the mint

Here is a eur/usd short trade. The target was reached just before the news release. Red vertical line was the entry. Red horizontal line was the target. Also notice the bearish divergence between price and the rsi and stochastics. Thanks again ...

the key to the mint

Here is a trade that I placed on wed aug 6 just after the London open. Price had just retraced upward to the 200 ema on the 15 min chart. I waited for the 1-2-3 on the 5 minute chart with the indicators for confirmation. Entered at the red vertical ...

the key to the mint

Harold, Thank you for taking the time to help us with your method and pass on your hard earned wisdom. I was unable to attend the trading room last week due to work. I appreciate all that you have done. You are great. Thanks again. image Cheers, ...

the key to the mint

Gtrade, I couldn't agree more. Harold is a great trader, human being and altruist. He certainly is a special person. There aren't many like him. Cheers, Dave

the key to the mint

Lawrence, The gbp/usd trade that you entered was right before a British news release. Harold recommends not placing trades right before a news release. Also, as Gtrades pointed out, you should look to buy at a swing low at the resumption of the ...

the key to the mint

AZHeat, I think that if the range between points 2 and 3 is greater than 24 pips Harold says not to take the trade. Actually, 24 pips including the spread, so the range between 2 and 3 would be less than 24 pips. I believe this is for all three ...

the key to the mint

Harold, Thank you for another great session in the trading room. It is very kind of you to help us. image Thanks, Dave

the key to the mint

Hensby, Harold said his profit target is equal to the amount of pips risked on the trade, which is the distance between point 2 and point 3 plus a pip on each side plus the spread. I hope this is understandable. Dave

the key to the mint

Andrew, From what I understand Harold is looking for any pullback before looking for a 1 2 3. It no longer has to be 50 percent. He is also looking mainly around 00:00 gmt. I hope this info is correct. Harold could give you the definitive answer. I ...

the key to the mint