Forex trading strategy #4-a (1-2-3, RSI + MACD)

Thanks , Thomas, but this one is much better. It has everything you need with

several hundred pages , and hundreds of chart examples . Also , some very

bright , experienced posters . Paul

I'd suggest reviewing this thread:
http://forums.forex-strategies-revealed.com/forex-ichimoku-t36.html

Thomas

Hi everyone =

Ichimoku has caught my interest. Anyone have any experience with it ?

Paul

Hi Corey,

123 patterns and trends are found on the same one time frame, the frame you'll be applying 123 method to.

Regards,
Edward

I have a question concerning trend. Are you guys using the trend pattern from the daily chart or are you using the trend pattern that's on the chart you are going to apply the 123 method. Sorry, but I am a new trader and just started trading so I wanted to be sure.

Thanks,

Corey

Hi CK,

no problem, here are the basics:

Opposite for breakouts to the downside: you will have a high followed by a lower high.

You can also add Fractals indicator to help you see those lows and highs (works best on 1 hour and up).

Let me know if there is more to this question.

Regards,
Edward

Hi Edward

Somehow i just don't understand how the 1-2-3 swing works.. i can't predict the next forex graph movement with these "1-2-3" compare if i am using MACD, RSI and other indicators.
It will be better if you can explain a little bit more detail regarding my problem. Thanks

regards
CK

Hi Peter,

On a small $300 account with 100:1 leverage your best (and only correct) option is to go with a pip value of 10 cents or less, which corresponds to trading 0.01 lots or less.

Best regards,
Edward

Edward R.

A friend told me about this great site. I have studied and practiced the !, 2,3 method on an Oanda demo , with excellent results .

On a small 300.00 live account , using 100-1 leverage , what Pip value would you suggest ?

Peter

Some people on the Oanda Forum say forextradersdaily is probably a scam , and that 99 % of Signal

sellers are fake .Trading on News Releases SOUNDS easy , but is very tricky.

Any comments , especially from people who have tried News Trading ??

Stewart

I give up , everyone. I am tired of staring at the screen hour after hour .

I discovered Forextradersdaily.com and it is all about following news releases

and Bank flow .

Take a look , and send in some feedback .

George

Warning----

Stay away from Binary Options , or ANY Options .

The terrible Bid/Ask Spreads and Expirations are great for Option Sellers , but a losing deal for Buyers .

However , 1-2-3 , and Dr. Elder's Impulse Method are doing just fine ! Also , Daryl Guppy 's Multiple Moving Averages are excellent , especially for Scalpers .

Stewart

Actually, yes, Stewart

I've been following your recent suggestions and reviewed the impulse system by Elder.

I used a similar principle in the past, mainly for scalping purposes: I looked for changing slopes in MACD and tried to catch the momentum/impulse :)

I liked it for the simplicity and after your comment, went to find the indicator written based on MACD slopes described by Elder.

Here it is: Elder_Impulse_System.mq4

With this indicator:

red bar means - go Short or choose to stay aside, but no buying
green bar means - go Long or stay aside, but don't sell
blue bar - market favors no one, it is an indecision, you can either buy or sell, but better identify the range and trade the breakout.

Best regards,
Edward

Has ANYONE out there followed up on my comments/suggestions

in my July 18 th , and August 10 remarks ???

COMBINING the 1-2-3 method with Dr . Elder's Impulse system

awesome .

Stewart

Memo to Edward and Everyone else on this site -

Buy , borrow or steal Dr. Alexander Elder ' s book : " Entries &

Exits"

Try his Impulse System which uses the MACD only .

You will not need

anything else.

It is especially good on Binary Options. ( see my July 18 th

comment on p. 9 ). On Binaries , use 15 min. time frame ONLY .

I first applied the IMPULSE to the 1-2-3 method , but it works

on any cycle " leg ".

Stewart