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alsi

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Super Contributor
Orange, France downgrade was big news, I have nothing on my news feed for today....generally not much on Friday from US...if Mark still around, he will let us know....do you understand his 123 style....
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Frequent Contributor
Im here but pre data I am in cease and desist mode....just chop now so neutral till data delivers something....
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Super Contributor
i was wondering i see chatter about news so wondered what was it...nothing the US has done yet so thats good. and ive been watching my charts so im safe. ive no idea what 123 style is to be honest.
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Super Contributor
Neither do I .......
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Super Contributor
oh dear.. mark? please explain this 123 concept? (only if if is easy for us novices to understand)
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Frequent Contributor
ok...u watch a leading market chart...dow pref....then u look for first move right after announcement...thats move 1....then you wait for move 2...when that is complete and moves past the start of 1 again u have the main direction of move 3...can happen in seconds ...sometime minutes...
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Super Contributor
So enter the trade on close of move 2 or open of move 3 below move 2
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Frequent Contributor
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Super Contributor
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Super Contributor
Ok , thanks, seems it will work with gaps on market open?
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Super Contributor
interesting i shall see
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Super Contributor
are we waiting for another fall? or should i order pancakes?
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Super Contributor
Well, came close to 800, need to break thru for another fall, I am still in, stop in profit, still , 40100 level to watch for possible trend change....
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Super Contributor
And just broke thru, target hit....
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Super Contributor
ouch ... these 5 min charts are addictive and as bad as it is its so rewarding.. 70 pts down 173 up sssscary fast
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Super Contributor
Yep, my trades are fully automated, so exit in place, for current trades....
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Super Contributor
Oops, typo.......41100
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Super Contributor
Lets see if this 123 works on the short. By the way, on current trades, 41 000 revised downwards to lock in more profits
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Super Contributor
i think u very well may get lots more. im starting to like fridays lately
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Super Contributor
Okay, 40950, final lock in of profits....DOW green but it looking a bit confused....home run now
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