Trading is as simple as 1-2-3

Quoting Tereticornis

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Possible 123 GJ Long on Weekly chart... {image}

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Quoting TooSlow

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{image} When price is above an open, it is up. Conversely, when price is below an open, it is down. It is a good idea not to short when price is up and not to buy when price is down. Naturally, most traders look for reversals but are impatient and trigger happy thus buying when they should be selling and vice-versa. A sell below the H1 open of the bar immediately following the bar making the highest high would have resulted in profit. In summary, a bar makes a high and closes. Next bar fails to make a higher high and reverses. Sell when price drops...

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Quoting Tereticornis

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Interesting setup on EN 2D chart...would you call that a double 123? {image}

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