I have found two modifications to the TD Point selection process to be helpful in some instances. Although they are not critical to your success in correctly selecting TD Points, they are presented for your consideration as well as for the sake of completeness.
* An important factor when selecting TD Points relates to both the closes two days before the pivot high and the pivot low. In the case of the formation of a TD Point low:
1.
Not only must the lows the day before and the day after be greater than the lowest low - the low in between - but the pivot low must also be less than the close two days before the low.
* Conversely, in order to identify a TD Point high properly:
2.
Not only must the highs the day before and the day after be less than the highest high - the high in between - but the pivot high must also be greater than the close two days before the high.
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