1-2-3-4 Forex Trading
Category: Tutorial
Today 13th Sept 2006, i use simple smart trading without forex signal or analysis, just simple way watch and trading follow the chart. For detail tutorial how “1-2-3 Trading“, you can Googling keywords “1 2 3 trading forex“.
here is my steps. First, learn about 1-2-3 Method, then try to applied like figure above, on Number 1 and 3 position, called as valley, number 2 and 4 called as peak(top). Position number 1, position where i make open Buy, then follow to Number 2, position where i make open Sell, the number 3 open Buy again until market position on number 4.
So how i get that number of position, watch the red diagonal trend line, number 2 potion touch the top trend line, and posiiton break to number 3, touch again by trend line on the bottom. Once again it touch trend line on position number 4. After market posiiton break across bottom trend line make the market of USD/JPY fall for Short trading.
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September 17th, 2006 at 4:29 am
nice website. im doing similar blog on local language. maybe u dont mind if i take a few article and translate it
September 24th, 2006 at 8:30 pm
Yup,Great blog.
Maybe wee all can exchange URL.
About 1234setup,there is some time that market break the trend,but they just consolidate before continue the previous trend :),chance is 50-50 depens on Market volumes or based on current FA situation.
October 17th, 2006 at 12:04 pm
[…] One of the simple way to predict the next price on curreny market is draw simple trend line, its use by almost forex trader for swing in 123 trade. To add this line on marketiva streamer, right click on chart Indicators > Trend Line then select the color fo best view, make sure your Style chart in Line Chart, sample figure below this. the figure show red diagonal is Trend Line. […]