To start with, let us look at a couple of 121 pattern entry methods:
1. Standard, unconditioned entry at AB=CD
2. entry at AB=CD with prefered confirmation method (for example only when it's clustered with Fibonacci internal retracement (XC retracement or BC retracement)
Author note: In my personal experience, in the case of a 121 pattern it is reasonable to assume high precision of the pattern (exact AB=CD) and very tight stop loss.
For more info about 121 / One2One pattern and the confirmation methods see -> 121 - table of content
Last edited by Admin; 08-08-2012 at 01:46 PM. Reason: Entry techniques for the 121 pattern - Updated