Simple 1-2-3 (or S123) is a 3-step, rule-based Forex trading strategy created by Lennox Chambers and Peter Bain. S123 helps Forex traders to locate, enter and exit trades across all timeframes. This unique trading system offers guidance to traders to not only know where to enter trades, but where to exit trades. Click here to see some recent real trades.
This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.
What happens when the market approaches recent lows? Put simply, buyers will be attracted to what they regard as cheap. What happens when the market approaches recent highs? Sellers will be attracted to what they view as either expensive, or a good place to lock in a profit. Therefore, recent highs and lows are the yardstick by which current prices are evaluated.

Backtesting is a kind of a strategy test performed on the past data. It can be either automated or manual. For automated backtesting, a special software should be coded. Automated testing is more precise but requires a fully mechanical trading system to test. Manual testing is slow and can be rather inaccurate, but requires no extra programming and can be done without any special preparation process. Any backtesting results should be taken with a grain of salt as the tested strategy might have been created to fit particular backetsting historical data.


Trend-following systems require a particular mindset, because of the long duration—during which time profits can disappear as the market swings—these trades can be more psychologically demanding. When markets are volatile, trends will tend to be more disguised and price swings will be greater. Therefore, a trend-following system is the best trading strategy for Forex markets that are quiet and trending.


For many years, Vic has been very passionate about helping our members, and now, with the addition of Darko to the team, you have two mentors who are 100% dedicated to providing the best Forex training on the internet. The Pre-Market Analysis videos that Darko records every day are second to none, and when you hear the confidence and conviction in his voice, you can’t help but be very inspired. We’re very confident that the Coach’s Corner is the last training resource you’ll ever need!
The problem with learning to trade forex alone is that you can only go so far. When you get confused or lost – you’re alone. Yes, you can submit a ticket to get support, but it often comes from someone who doesn’t know any more than you. At Forex Mentor Pro we work differently. When you choose us, you get access to our experts who have over 50 years of combined trading experience! as well as our proven systems.
!function(n,t){function r(e,n){return Object.prototype.hasOwnProperty.call(e,n)}function o(e){return void 0===e}if(n){var i={},s=n.TraceKit,u=[].slice,l="?";i.noConflict=function(){return n.TraceKit=s,i},i.wrap=function(e){function n(){try{return e.apply(this,arguments)}catch(e){throw i.report(e),e}}return n},i.report=function(){function e(e){l(),h.push(e)}function t(e){for(var n=h.length-1;n>=0;--n)h[n]===e&&h.splice(n,1)}function o(e,n){var t=null;if(!n||i.collectWindowErrors){for(var o in h)if(r(h,o))try{h[o].apply(null,[e].concat(u.call(arguments,2)))}catch(e){t=e}if(t)throw t}}function s(e,n,t,r,s){var u=null;if(y)i.computeStackTrace.augmentStackTraceWithInitialElement(y,n,t,e),a();else if(s)u=i.computeStackTrace(s),o(u,!0);else{var l={url:n,line:t,column:r};l.func=i.computeStackTrace.guessFunctionName(l.url,l.line),l.context=i.computeStackTrace.gatherContext(l.url,l.line),u={mode:"onerror",message:e,stack:[l]},o(u,!0)}return!!f&&f.apply(this,arguments)}function l(){!0!==p&&(f=n.onerror,n.onerror=s,p=!0)}function a(){var e=y,n=d;d=null,y=null,m=null,o.apply(null,[e,!1].concat(n))}function c(e){if(y){if(m===e)return;a()}var t=i.computeStackTrace(e);throw y=t,m=e,d=u.call(arguments,1),n.setTimeout(function(){m===e&&a()},t.incomplete?2e3:0),e}var f,p,h=[],d=null,m=null,y=null;return c.subscribe=e,c.unsubscribe=t,c}(),i.computeStackTrace=function(){function e(e){if(!i.remoteFetching)return"";try{var t=function(){try{return new n.XMLHttpRequest}catch(e){return new n.ActiveXObject("Microsoft.XMLHTTP")}},r=t();return r.open("GET",e,!1),r.send(""),r.responseText}catch(e){return""}}function t(t){if("string"!=typeof t)return[];if(!r(x,t)){var o="",i="";try{i=n.document.domain}catch(e){}var s=/(.*)\:\/\/([^:\/]+)([:\d]*)\/{0,1}([\s\S]*)/.exec(t);s&&s[2]===i&&(o=e(t)),x[t]=o?o.split("\n"):[]}return x[t]}function s(e,n){var r,i=/function ([^(]*)\(([^)]*)\)/,s=/['"]?([0-9A-Za-z$_]+)['"]?\s*[:=]\s*(function|eval|new Function)/,u="",a=10,c=t(e);if(!c.length)return l;for(var f=0;f0?s:null}function a(e){return e.replace(/[\-\[\]{}()*+?.,\\\^$|#]/g,"\\$&")}function c(e){return a(e).replace("<","(?:<|<)").replace(">","(?:>|>)").replace("&","(?:&|&)").replace('"','(?:"|")').replace(/\s+/g,"\\s+")}function f(e,n){for(var r,o,i=0,s=n.length;ir&&(o=s.exec(i[r]))?o.index:null}function h(e){if(!o(n&&n.document)){for(var t,r,i,s,u=[n.location.href],l=n.document.getElementsByTagName("script"),p=""+e,h=/^function(?:\s+([\w$]+))?\s*\(([\w\s,]*)\)\s*\{\s*(\S[\s\S]*\S)\s*\}\s*$/,d=/^function on([\w$]+)\s*\(event\)\s*\{\s*(\S[\s\S]*\S)\s*\}\s*$/,m=0;m]+)>|([^\)]+))\((.*)\))? in (.*):\s*$/i,i=n.split("\n"),l=[],a=0;a=0&&(g.line=v+j.substring(0,x).split("\n").length)}}}else if(i=p.exec(o[w])){var _=n.location.href.replace(/#.*$/,""),T=new RegExp(c(o[w+1])),E=f(T,[_]);g={url:_,func:"",args:[],line:E?E.line:i[1],column:null}}if(g){g.func||(g.func=s(g.url,g.line));var k=u(g.url,g.line),A=k?k[Math.floor(k.length/2)]:null;k&&A.replace(/^\s*/,"")===o[w+1].replace(/^\s*/,"")?g.context=k:g.context=[o[w+1]],h.push(g)}}return h.length?{mode:"multiline",name:e.name,message:o[0],stack:h}:null}function w(e,n,t,r){var o={url:n,line:t};if(o.url&&o.line){e.incomplete=!1,o.func||(o.func=s(o.url,o.line)),o.context||(o.context=u(o.url,o.line));var i=/ '([^']+)' /.exec(r);if(i&&(o.column=p(i[1],o.url,o.line)),e.stack.length>0&&e.stack[0].url===o.url){if(e.stack[0].line===o.line)return!1;if(!e.stack[0].line&&e.stack[0].func===o.func)return e.stack[0].line=o.line,e.stack[0].context=o.context,!1}return e.stack.unshift(o),e.partial=!0,!0}return e.incomplete=!0,!1}function g(e,n){for(var t,r,o,u=/function\s+([_$a-zA-Z\xA0-\uFFFF][_$a-zA-Z0-9\xA0-\uFFFF]*)?\s*\(/i,a=[],c={},f=!1,d=g.caller;d&&!f;d=d.caller)if(d!==v&&d!==i.report){if(r={url:null,func:l,args:[],line:null,column:null},d.name?r.func=d.name:(t=u.exec(d.toString()))&&(r.func=t[1]),"undefined"==typeof r.func)try{r.func=t.input.substring(0,t.input.indexOf("{"))}catch(e){}if(o=h(d)){r.url=o.url,r.line=o.line,r.func===l&&(r.func=s(r.url,r.line));var m=/ '([^']+)' /.exec(e.message||e.description);m&&(r.column=p(m[1],o.url,o.line))}c[""+d]?f=!0:c[""+d]=!0,a.push(r)}n&&a.splice(0,n);var y={mode:"callers",name:e.name,message:e.message,stack:a};return w(y,e.sourceURL||e.fileName,e.line||e.lineNumber,e.message||e.description),y}function v(e,n){var t=null;n=null==n?0:+n;try{if(t=m(e))return t}catch(e){if(j)throw e}try{if(t=d(e))return t}catch(e){if(j)throw e}try{if(t=y(e))return t}catch(e){if(j)throw e}try{if(t=g(e,n+1))return t}catch(e){if(j)throw e}return{mode:"failed"}}function b(e){e=1+(null==e?0:+e);try{throw new Error}catch(n){return v(n,e+1)}}var j=!1,x={};return v.augmentStackTraceWithInitialElement=w,v.guessFunctionName=s,v.gatherContext=u,v.ofCaller=b,v.getSource=t,v}(),i.extendToAsynchronousCallbacks=function(){var e=function(e){var t=n[e];n[e]=function(){var e=u.call(arguments),n=e[0];return"function"==typeof n&&(e[0]=i.wrap(n)),t.apply?t.apply(this,e):t(e[0],e[1])}};e("setTimeout"),e("setInterval")},i.remoteFetching||(i.remoteFetching=!0),i.collectWindowErrors||(i.collectWindowErrors=!0),(!i.linesOfContext||i.linesOfContext<1)&&(i.linesOfContext=11),void 0!==e&&e.exports&&n.module!==e?e.exports=i:"function"==typeof define&&define.amd?define("TraceKit",[],i):n.TraceKit=i}}("undefined"!=typeof window?window:global)},"./webpack-loaders/expose-loader/index.js?require!./shared/require-global.js":function(e,n,t){(function(n){e.exports=n.require=t("./shared/require-global.js")}).call(n,t("../../../lib/node_modules/webpack/buildin/global.js"))}});
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.
Trend-following systems require a particular mindset, because of the long duration—during which time profits can disappear as the market swings—these trades can be more psychologically demanding. When markets are volatile, trends will tend to be more disguised and price swings will be greater. Therefore, a trend-following system is the best trading strategy for Forex markets that are quiet and trending.
×