1-2-3 Forex Secrets

Let me introduce to you this The World’s Simplest “1-2-3 Forex Secret” You don’t need to be a Forex guru to use this system. The main principle of the “1-2-3 Forex Secret” is support/resistance and trend! Support and resistance are psychological phenomenon that are the result of masses of traders participating in the markets. At some points of time and price, crowds of traders act as one and pushes prices upwards or downwards to the same price level, thus allowing us to profit from these movements. Trend: We believe that trends are the force behind the market and that it is the source of all giant trading profits. Therefore we aim at catching trends using our trading formula.
The System 1-2-3 Forex Secrets
Time frame 5 min, 14 min 15 min, 30 min, 60 min.
Currency pairs: majors.
The system will work on many Forex pairs and many major Stocks. The rules to this super easy system are simple – 2 steps only! The only tricky part is bringing your knowledge of how to draw the lines onto your chart. Let me introduce to you to the 3 simple steps below. Then I’ll take you through some worked examples in order to illustrate just how easy this system is.
This trading system involves 4 simple steps.
1. Identify a current trend
2. Identify 2 signals
3. Place your trade
4. Manage your trade later..
1. Identify a current trend.
Let’s take an example when a trend is down. (The opposite rules for the an up trend…)
2. Draw a trend line ( built-in tool in any trading platform). Trend line must be based on 3 points.
3. Now wait for the price to breakout of your trendline. This is your Signal 1.
4. As soon as a trend line breakout occurred – identify the last “high” of your trend - strong resistance level:
5. Now draw a horizontal line at that point (the last high) – point 2 on the picture below:
6. Now the horizontal line at point 2 level became your entry point. Just wait for the price to hit point2 + 1 pip and instantly place a trade (entry). Point 2 is a very strong signal – we are getting a double confirmed signal to enter a trade: Trend line breakout + 1 st resistance level breakout.
Check history charts – this simple system is ultra profitable.
Stop loss
Place your stop loss order 1 pip below a previous candle ( the one before your entry candle )
Take profit
Take profit: Trends are the strongest level of the market – usually, when a trend reverses – you can expect a significant move in the first minutes or hours… 20-100 pips will be yours almost every trade. There are a few options of when to exit your trade:
a. Set your own target ( example 20 pips )
b. Use a trailing stop to exit ( max profit )
c. Exit near strong resistance levels (not recommended for beginners)
1 - Trend line breakout
2 - The closest resistance level - the last “high” of the trend.
3 - Entry point (1 pip above point 3)
4 - Stop loss point (1 pip below the previous candle)
In pictures below 1-2-3 pattern indicator metatrader 4.

Below the link for download 1-2-3 pattern Metatrader 4 Indicator:

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