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

3 comments:

forex capital market said...

this another article about trades
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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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