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My trader friends know that I love trading with technical analysis. But lately I have been interested in trading with pure price action, also called a “naked chart”.
I have learned a new strategy called the 1-2-3 strategy. I use a variance with Fibonacci levels.
How does it work?
To enter a short (sell) trade, you just wait until the price goes down and then goes back up, and then goes back down again.
To enter a long (buy) trade, you wait until the price goes up and then goes back down, and moves back up again.
1. It’s important that Point 3 is lower than Point 1 in a short (sell) trade, or higher than Point 1 in… Read More…
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