The 1-2-3 set up intraday

Ahhh, the 1-2-3 intraday reversal pattern.  One of my favorites that I have not played in quite some time to the long side.  It is one of my most profitable trades with a very high win %.


Here is a link to my original blog on this subject.
http://pittstrader.blogspot.com/2015/05/playing-1-2-3-set-up.html

Many oils had this same look today.  All on 30 minute support and put in a beautiful reversal pattern.

You wait for your higher low (confirmed on the wick)  and its off to the races.  If you time the pattern you weren't ever in a losing trade.  EMAs also helped to time your entry.  If you held for the whole move (Unlike me)  that was almost a $2 gain on 15 cents risk.