Recent content by commander-keen

He was incompetent anyway Take a look at the 1-2-3 thread and he gets the 1, 2 and 3 points wrong right off the bat. Then he goes onto tell us how his friend trades 1-2-3's on 5 min charts and out of 4000 trades had on %10 losing trades. The guy is sooooooooooooo dodgy. Why would you want to...

Profit Target The profit target is the width of the patter projected into the furture from the number 2 point

Thanks ZDO I agree with you! After doing some backtesting 1-2-3's with a sharp reversal for all legs are good as are obvious looking ones with many bars in their formation. Plus I have found that many 1-2-3's that others would give up on because they are not triggered immediately can be...

Thanks Charlie. Do you have any other tips for finding the good one :) Also does anyone have anything they have noticed that makes a good pattern stick out from a bad one. I have noticed that those 1-2-3 patterns that occur after a rally are more likely to work than those that come out of a...

So Charlie are you simply sugesting to use a larger time frame in general or to use the larger time frame to confirm an emerging pattern in a smaller time frame?

OK I have been trading the 1-2-3 formations for a while. Not using the traders trick because on 30 min forex spot charts (sometimes 15 mins) it doesn't seem work. What I would like to know is if anyone has a filter for filtering out bad 1-2-3 formations or a way of trading only the best...

Ross Hooks I spoke to Joe Ross about this and he said many folks are making money just doing the hooks. From what I know the best ones are the first one after a breakout. From my experience if you are trading forex spot and using TTE you need at least an hourly chart to make some profit BEFORE...

1-2-3 and Joe Ross Hi guys have read most of the entries here and have started trading the 1-2-3 a while back after reading Joe's "Day Trading". One thing I wanted to know is does anyone trade with Mark McRae's take profit technique where you set an initial limit of the distance form point 2 to...