1-2-3 Trading Signal
1-2-3 Introduction:
Thank you for purchasing the 1-2-3 TradingSignal. This is, without doubt, one of the very best chart set up patterns you
will ever see. Once you train your eyes you will see them all over the place.
At the beginning of a new
trend. At the
end of a retracement. Within a trading range. Even within a rising or falling trend.
Before we begin, let's review what is now
being called the "Perfect"
trading platform.
eToro Review
About Forex
The Forex market has quickly become the world's
largest financial market,
with an estimate
daily turnover of
$3.2 trillion. It is a market that has great appeal to a financial
trader because of its volume which guarantees liquidity. High liquidity means
that a trader can trade whatever currencies he feels like at all times, since
there will always be someone to buy and sell any currency he wants. Another
outstanding feature of the forex market is that it is active 24 hours a day and
is closed only on the weekends. This means that unlike the stock market for
example, traders in the forex market don't need to wait for a bell to ring, but
can make trading decisions around the clock.
Enter the internet into the equation. Now the forex market is
literally at your fingertips. Most brokers offer online trading facilities
which enable you to trade simply by clicking a button, instead of the
traditional phone call. The internet has really revolutionized the industry,
making the retail section of the market more dominant than ever.
About eToro
eToro is a forex trading platform developed to cater to the
emerging retail segment of the forex market. With its simple style and exciting
trade visualizations, eToro is the perfect platform for a novice trader to get
his first forex trading experience. With its great array of professional forex
trading and analysis tools, eToro is also the perfect platform for experts in
the field who want to trade comfortably and reliably. eToro has developed a
truly intuitive interface that lets traders concentrate on trading instead of
messing around with bulky and overcomplicated
software.
It's important to mention that eToro also offers an educational
experience, so novices can gain knowledge of the forex market and eventually
become pros if they're so inclined. eToro offers forex trading guides, forums
and video tutorials to facilitate their traders' progress. eToro also offers an
unlimited practice mode where both beginner and seasoned traders
can sharpen their
skills and test their strategies with real market
rates.
Overall eToro have successfully designed a software that caters to
a very wide segment of the forex trading public. eToro is bound to remain
a leader in the forex industry for a long time to come.
Visual
representation of trades:
Monitor your trades with ease by watching creative visualizations of your
trading activity.
Practice mode: Test your skills and strategies by trading with live rates,
without risking a cent.
Trading Challenges: Compete against
fellow traders for cash prizes
- with no entry fees.
Trade: Enjoy immediate and accurate execution
with all your trades.
Low Spreads: Save a fortune on eToros super low spreads - as low as 2 pips. And
soon to come:
Trade: Enjoy real time execution with all your trades.
eToro's Pro Insight:
Get a look at what
currency pairs eToro's top 100 traders are trading at the moment, and use the inside
info to your advantage!
Like any other pattern they are NOT 100% successful. But out of every
other pattern I have ever come across in my trading career this is by far the
most accurate and most profitable. If you want to become an expert in one chart
pattern set up, this is it!
Whilst these patterns are 95% object ional when you become an expert in
spotting them you may start to introduce a slight subjective analysis into this
pattern. But for the sake of this introduction report I am only going to
discuss a perfect, 100% objective 1-2-3 patterns.
On with the report. This is what
I am going to explain to you:
1)
What exactly is
a 1-2-3 pattern?
2)
Which charts
and time frames do they exist?
3)
The entry “trick”
4)
The exit
5)
Conclusion
6)
Products
You will find this report quite small, compared to my other writings. My
goal here is to define the 1-2-3 patterns and how to trade from it. It is not
my intention to pad the report out and charge double the price.
How does it fit in with my other works? I really like to keep my eyes on
the 1-2-3 patterns in very oversold/overbought markets. Especially on the stock
indices and the futures markets. AND whilst this method IS VERY profitable
trading the liquid, big cap stocks, my stock trading approach is much more
suited to the methods described in my Momentum Stock Trading Manual.(http://www.stressfreetrading.com). If you are a pure stock trader,
then use the
1-2-3 to determine trend changes on the major indices and keep your eye open to
spot them on the stocks you are following (and buy M.S.T.S
☺)
If you are a futures trader as well then I would seriously consider not only
looking for 1-2-3 patterns as to major moves but adopting this into a complete
trading system. Also, for a slightly different approach take a look at my
commodity web site: http://www.profitsincommodities.com
On with the 1-2-3 pattern and how
to profit from them.
DISCLAIMER:
***************************************************************
Mark Crisp and stressfreetrading.com accepts no liabililty for any losses
incurred whilst trading my ideas. The risk of loss exists and you must
accept total responsibility for them.
Trading stocks and futures carries with it a high degree of risk and only
those who have risk capital to trade should be traidng in these markets.
No part of
this book, or any information given out, displayed on any of my web sites, is
specific trading advice.
************************************************************
Chapter 1:
What is a 1-2-3 Pattern?
Good question. A 1-2-3 is simply best explained by looking at some charts.
It’s really simple when I throw up a few charts and take it from there. Here
are some recent stock charts.
Above is simply
a daily bar chart of the stock of the big blue chip US stock General Electric.
Stock symbol GE.
Clearly marked is the 1-2-3 pattern that evolved in February. Simply put
it is a 1-2-3 buy pattern.
Trading SignalIt’s a bottom, a correction,
a retest that does not go beyond the original bottom, and then a rebound beyond
the correction. Phew…. That was a mouthful. But it is VERY simple when you look
at the chart.
Point 1: This is the bottom.
Point 2: This is the correction
Point 3: This is the retest the DOES
NOT GO BEYOND point 1. If it does then all bets are off. The pattern does not
exist. Scratch it off and move on.
Once you have a valid 1-2-3 pattern then place your buy order in at the *breakout of the number two point on the pattern.
Honestly, it is a VERY SIMPLE pattern that
always give lots of opportunity and a great risk/reward ratio. Once you grasp
the fundamental basics and practice you will
see them all over the place.
1-2-3 Trading Signal
Here
is an exercise to perform now.
•
Get a blank
piece of paper and a pen/pencil.
Let me explain the basic principle how most Forex systems work. They are tuned up to work in a specific market condition. They often make money in a trending market, but loose money in a choppy market. It is not a problem as long as the market is trending and the system is making more money than it loses. Such a system can be profitable for several months and you would be happy with it. BUT...
ReplyDeletePREPARE FOR THE WORST...
Market change over time. A well designed system starts with trend analysis to stay away from potentially losing trades. There are two problems of how a Forex system recognizes the trend.
PROBLEM: FALSE "STRONG TREND" INDICATION.
The system responds only to immediate price action. An explosive price movement that is usually the result of news release is tempting people to jump in and make a profit. It looks like a "strong trend", but what usually happens next is a hard fall.
To avoid falling into this trap, check for the SOLUTION to find a REAL trend:
http://www.forextrendy.com?nsjjd92834
SECOND PROBLEM: TREND RELIABILITY
Most systems use various indicators to determine the trend. Actually, there is nothing bad about using indicators. One Simply Moving Average can do the job. The problem comes with the question: "Is the market trending NOW?" Whether the market is trending or not trending is not like black and white. The correct question is: "How well the market is trending?"
And here we have something called TREND RELIABILITY.
Trends exist and they can be traded up and down for a profit. You have to focus only on the most reliable market trends. "Forex Trendy" is a software solution to find the BEST trending currency pairs, time frames and compute the trend reliability for each Forex chart:
http://www.forextrendy.com?nsjjd92834
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