Trading Trader Vics 123 Bullish

Trading Trader Vic's 1-2-3 Bullish Pattern

The above example illustrates a 1-2-3 Bullish pattern setup from the Russell Emini (ER2) 30 minute chart. ER2 made a new low at 724.5 and reversed its trend to the upside and traded above the trend line. After a few bars, ER2 tried to retest the lows at bar (2). At bar (3), ER2's prices reversed and traded above the recent "swing high" to trigger a "long" trade.

1. Enter a "long" trade above the "swing high" at 735.5

2. Place a "stop" order below the trend line low at 726.

3. A "target" was set at the previous "swing high" at 745.

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