The Wrong Way
The traditional three way link exchange is performed as follows:

Website A >link> Website B >link> Website C >link> Website A
While this may be the true definition of a three way link exchange, it is EASILY detectable and will likely be detected by Google in the future (if not already). Due to this, three way link exchanges really don’t seem very beneficial.
The “Right” Way: Double Link Exchange
Rather than calling this the right way, it may also be described as the better way. Here’s how it works:

Website A >link> Website B
Website C >link> Website A
The difference is that it cuts the “third link” from the equation. However, it requires one of the two parties to have two websites. The webmaster with two pages will have one website that already has a high ranking (Website C) and a website whose rank they wish to increase (Website B).
The Proposition
As noted in my previous post, I am the Webmaster who owns Website B and Website C. I am looking for Webmasters who own a single Website A which has a moderate pagerank (PR3 or greater, though PR1 and PR2 sites will be considered) to engage in this exchange. I will like to your site from my PR5 Website C if you link to The Webmaster’s Edge (Website B). These links can be provided in many ways (blog posts, friends link, etc) and I am open to suggestions.
If you are interested in engaging in such an exchange, please contact me at:
bradford {place an at sign here for the address to work} webmastersedge.net
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I could be wrong but don’t you mean that you own websites B and C(They each only participate once in the exchange) and are looking for someone who owns site A(the site linked to and linked from).
Thanks for pointing that out TQM! I’ll fix it right now. Also going to add some image illustrations.