Wednesday, December 1, 2010

123 Pattern for profit

123 short entry
This pattern occurs at the end of a trend, they are an indication of change in the trend.
Point 1: Price will make a swing high.
Point 2: Downward correction to a swing low, where an upward correction begins.
Point 3: Price would then form another swing high, which is lower than the previous high
123 long entry
Point 1: Price will make a swing low.
Point 2: Downwards correction to a swing high, where a downward correction begins.
Point 3: Price would then form another swing low, which is higher than the previous low


forex capital market said...

this another article about trades

thank you for placement

NSE Intraday Tips said...

Hey..I liked this day trading strategy. I am gonna try it out on a dummy account and come back, and update you with what hapenned.

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