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LucyW
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Thank you so much for your valuable time to create this , very useful !!! :-)
The_Cannalyst
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Hey @ all..i am very happy that my write-up seems to be interesting for some of you :-)
Should i illustrate the 1-2-3 in combination with flag trading? l
ratiokhan
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wouldnt mind if you do! thanks!
MarkLangley
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absolutely
The_Cannalyst
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Example
The_Cannalyst
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The Market-Technique offers three kinds of trading-patterns:
1-2-3-Trading (Trading the Trend)
Trading the Move(ment)
Trading the Break-Out
For all these three opportunities, the “1-2-3 counting” is essential.
1-2-3-Trading (Trading the Trend)
As mentioned above Point „2“ is the pivot of Trend-Trading. At or near this point, you open your position. Your Stop Loss is based near the point “3”.
Extension of 1-2-3 pattern referring to Joes Ross`s “Ross-Hook”
To minimize the risk of false-breakouts you can use the Retest of the Breakout as your entry-level to open a position. A buy stop is placed one tick above the highest high of the Ross Hook. Short trades: A sell stop is placed one tick below the lowest low of the Ross Hook
More Infos
oxfordstrat.com/trading-strategies/ross-hook-1/ trading-books.com/ross-hook.html
luthfi.zain
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Best explanation. Been learning bout this "pyramid" thing, but never find like yours.