miércoles, 18 de octubre de 2017

USDJPY 30 - Setup

Look inside the red rectangle.

I did not get in that trade because there were no TTP touches to the MLH. The TTP touche was missed by 2 pips on 5 30-min candles.

Zooming up to 1-min candles I dont see exact TTP touches... here is where I come to think how much accurate a TTP touch is. Any opinion?

Edited: There is other bigger pitchfork but I did hide for this post to remove distractions


Answer 1: TTP touches need to be strong and a breakout from the other candles, not bunched together like in your chart.

 Someone asked: "I've seen you mention MLH several times but I don't know what that means? Median Low High? I'm guessing it's a reference to the fork lines?"

My Answer:
 

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Setup 2018W38 - EURUSD

2018W38 - EURUSD Pitchforks Setpup by Hamlet77 on TradingView.com