Thanks MNFX. I think whatever we can do to tweak the system using only price as our indicator can serve only to improve an already awesome system.
I still have much to learn about price action.
I still have much to learn about price action.
Quoting MNFXDislikedLooks like a valid set up to me!
I fully understand your pov on the two different kind of tl breaks.
Mouteki said he uses price action only as an indicator. In your present loonie short there is possibly a 1-2-3 forming with the 2 at the 2nd tl point. 1-2-3, H&S, Candle patterns are all price action indicators. I ahve noticed that on some (not all) of Mouteki's very successful trades many of these other price action indicators are present.
Thoughts?Ignored