Disliked{quote} Question: Do you use limit order only or do you also use stop order when the price break the level 2?Ignored
I used to trade the triggers (break of point 2), of 123's, (using stop orders) but i never had enough success with that approach. To answer your question, i only use limit orders now.
123's are best used somewhere that you are already expecting them to form. I use EW and Fib levels to create lines alongside basic Market Profiling. If they line up with prior S/D zone than the likelihood of it being the start of a trend increases dramatically. Add any significant double tops/bottoms where a 2b occurs and you've got a great arsenal)
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