RisingSun wrote:LeMercenaire wrote:RisingSun wrote:Trial on CFD: JPN225
Three perfect, clean, 1-2-3 trades in there.
I still don't understand TooSlow's rules on 1-2-3. His phrases are simply puzzling me.
After reading more posts, I may get to understand.
1-2-3 can be broken down very easily:
For Sell set up:
1: Bar #1 makes a new High.
2: Bar #2 fails to make a new High.
3: Enter as price crosses back down over the Open level of Bar #2.
For Buy set up:
1: Bar #1 makes a new Low.
2: Bar #2 fails to make a new Low.
2: Enter as price crosses back up over the Open level of Bar #2.