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Unfortunately not ..... I have been busy on other projects last weeks and almost did not work on any developement .... unfortunately my time will also be very limited in the upcoming weeks
gabga
You know what you know but you do not know what you do not know.
You do not see things how they are, you see things how you are.
In life you do what you want but you do not want what you want.
I however still use Ross' hook on a daily basis ....on daily USD/EUR charts ..... it worked quite well so far ..... false 1-2-3 breakouts occur quite often so besides this small challenge it is a great structure/tool for FX portfolio management ....
You know what you know but you do not know what you do not know.
You do not see things how they are, you see things how you are.
In life you do what you want but you do not want what you want.
I'm still amazed that nobody has programmed this on futures.io (formerly BMT) yet. I'm sure the programmers on futures.io (formerly BMT) can do this indicator.
I think trading the 1-2-3 reversal itself rather than waiting for the hook is the way to go. 1-2-3's at hand drawn areas of support and resistance make for some nice entries. Put the order on, wait 5 minutes or so, then play with the stops.
I think that for day trading 1-2-3 is actually even better than the hook ( that is however better for long term daily trends) . 1 Min is a very short and noisy time frame..... you should use 5-10 minutes ......
my persdonal experience is that 1-2-3 come the best when you include volume information in the hook analysis and exit based on other indicators ....
You know what you know but you do not know what you do not know.
You do not see things how they are, you see things how you are.
In life you do what you want but you do not want what you want.
I agree, 1-2-3's are great. I ended up getting burned on one a bit later so overall I am BE for the day. I think the 1 minute is good for the NQ. It can be a bit noisy, so you just trade the really nice looking patterns. You just have to have tighter rules for entry and stop management (rules which I did not follow today). Here is how the rest of the day looked to me.. A couple of good entry opportunities..
EDIT: Volume analysis never really worked for me and I have been disappointed by every indicator I have ever used. So price is king for now
