Royal Dutch 123 Low ?

Hi Richb,

The stop loss would go below the 2 point, which is below support. This is currently at 2215.

Usually a few pips below although its up to you how many.

Remo normally does 5 pips below support.

123 low's usually explode out but in this case it has reversed back straight away so you may need to be cautious.

Hope this helps.

Opps just noticed Ronnie posted about this earlier doh !!!! would be interested to hear where the stop loss would still go ?

This looks to be forming a 123 low, however please feel free to correct me if I'm wrong ?

There seems to be quite a gap between the 2 and the possible 3 so its has a fair way to drop to hit a stop loss, in this case would you generally pop it several pips below the support instead ?