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Thread: 121 pattern examples on Forex market

  1. #1
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    121 pattern examples on Forex market

    It is amazing how precise this pattern can be. See the exact reaction even on D1 timeframe. Makes me think if such a big stop loss is really worth for the 121 pattern.
    121 pattern examples on Forex market-121-bullish-goldeuro-d1-precise-reaction-2012-06-29_0025.jpg

    For more info about 121 / One2One pattern and the confirmation methods see -> 121 - table of content
    Last edited by Admin; 08-08-2012 at 02:49 PM. Reason: 121 pattern examples on Forex market - Updated

  2. #2
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    Location of the pattern is the key! With my approach, 121 pattern is the running correction, the impulse wave to follow, see an example -> 121 pattern examples on Forex market-121-pattern-proper-location-usdcad-2012-08-01_2241.png

  3. #3
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    Video example of the 121 bearish pattern:



    For more TradingArsenal videos check -> Trading Arsenal Videos - YouTube TradingArsenalTV

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    Interesting and common scenario when after initial proper reaction on the Gartley (in this case bullish), market fails to reach the reasonable TP level (A point price level) and draws a 121 pattern in opposite direction (in this case bearish). Video presents also the decision point (Gartley will continue or 121 will form) at which trader may decide to enter a trade, and reverse if needed.


  5. #5
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    another example of the precision of the 121 pattern, if D point is confirmed also by another method (best if a leading method/indicator) these can be traded really with minimum StopLosses.
    121 pattern examples on Forex market-121-one2one-pattern-gbpusd-h4-2012-08-22_1744.png

  6. #6
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    i like 121 pattern.. the only thing is about targets .. i prefer to place my tp1 in the 50% retracement of the CD leg

  7. #7
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    If you consider them as running correction the minimum, minimum TP should be on C point price level.
    ... but I know that some people just take couple of pips assuming there will be always a reaction/short rally on D point price level.

  8. #8
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    Thanks kor for clearing that up. Even if technically that's the minimum TP, for this pattern I don't feel confortable if I don't take some profits middle way because what I don't like to do is to trail the stop or move to breakeven, at least not till first target is reached.

  9. #9
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    nice 121 pattern. I always and only look 121 pattern as a running correction, this offers best R:R and the strongest impulse following -> 121 pattern examples on Forex market-eurgbp-121-pattern-running-correction-2013-01-23_2303.png

    ... but also I would never trade D1 pattern ... too high timeframe, lost time and lost money

  10. #10
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    Is there a Graph/ Pic where we can see ALL the fib% leg retracement and "C" extention rules ?

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