Trading is as simple as 1-2-3

Quoting Heretotrade

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I have a question regarding breakouts and can't find an answer here in this thread and I'm on my second time going through 588 pages searching for an answer. In the chart attached: at the start of the day ( Crude Oil 1H ) you can see a big red bar set the tone for the day and there was no way of the market evey bouncing back high again. How do you handle these breakout trades, do you NOT trade the session as there's no reversals long or do you trade the breakout short. {image}

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Quoting TooSlow

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{quote} There a couple of green H1 candles that gave an opportunity for a few pips.

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Quoting successwill

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Hi TooSlow, Would you enter this trade? I didnt enter because the next bar didnt make any attemp towards the high. Immediately turned south. A lot of pairs did the same and big opportunity vanished. {image}

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Quoting TooSlow

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{image} Highest highs have red caps. In summary, a bar makes a high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. Lowest lows have blue socks. In summary, a bar makes a low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar. These are the #2 candles of the 1-2-3 pattern. Use your own discretion in deciding when to trade.

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Quoting TooSlow

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{image} Highest highs have red caps. In summary, a bar makes a high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. Lowest lows have blue socks. In summary, a bar makes a low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar. These are the #2 candles of the 1-2-3 pattern. Use your own discretion in deciding when to trade.

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