point, you can put a pending short a few pips below the number 2 point. Sometimes I find that its better looking on the lower time frame. They can happen on any time frame on any instrument. Often you can see one after a big news event. The measuring objective is the distance between point 2 and point 3 projected below the break at point. When the market is going in their direction, many (most) are experiencing greed look how much Im making, gotta get it all. But only the price action can show you how our emotions are affecting the market. Reply With", thanks :28 AM #4, i am saham vs forex malaysia doing trial by this indicator for see good or bad effect in forex business.but after trial i can say it is not good and trust table indicator. Reply With" Thanks « Previous Thread Next Thread » Posting Permissions You may not post new threads You may not post replies You may not post attachments You may not edit your posts Forum Rules Copyright 2018 m All rights reserved. On the shorter time frames (less than one hour you have to watch continually or you will miss your opportunity.
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Hout of all of the currency trading strategies I have traded this is by far my favorite. All that I had learned in those five years came back to me in a flash (I guess I was paying closer attention to it than I realized) and I became a profitable trader in just a few months. Why do 123 Reversal occur? This Figure summarizes the 123 top and bottom trade. Casey at Winners Edge, trading and he slapped me around and made me realize that the entry was about 5 of the deal and all the stuff I rejected was the other. But, unless you own the aforementioned crystal ball or time machine, you will never be 100 correct on the direction of the market. The smart money folks bought from the latecomers, so now as it starts to go up again, the latecomers figure they got out too soon and start buying forex currency trading platform again, but since they were burned before, they are a little more wary, so fewer of them. The first one I call cheating the number 3 point. How can i know that is that the pattern of one two or three can you please explain how to use it, how to make open position acording to this indicator and also is this use for longterm or scalping strategy i dont really know. Which is a good reason to get your charts from a big broker even if you dont trade there.).
A classic 123 pattern indicator needs some modification 0 replies.
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The 123 pattern is a reversal chart pattern which occurs very frequently and has a very high success ratio.
123 pattern 123 s occur at the end of trends and swings, and they are an indication of a change in trend.
The 123 Forex trading strategy is based on price action and normal.
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