Ok so here's the EUR Trade:
I went short at the open of the bar with the down arrow. In the three bars previous (from left to right) the 1st bar was an up close. The 2nd was also an up close with a higher high. The 3rd closed UNCH, but made a lower high, showing some drift. By this point and judging by the magnitude of the bars there was a lot of heavy buying previous to the short. This is a crucial element. On the 4th bar, the close was down, in the direction of my trade, and so was the low and so was the high. So far picture perfect. The ROC at this point passed the overbought barrier and was drifting south. I went short at the open of the next bar, filled at 1.3193. I got freaked out when 4 bars later price started retracing heavily, but my SL wasn't hit (the true range of the bar for entry added to that bar). Price continued until it tapped the bottom demand (trend) line. I closed out when ROC was headed upwards, 44 pips in the bank. GBP's close was a little premature (1.9486) but the price was already surpassing a demand line and followed w/ an upclose after fighting the double zeros when I got out of bed this morning, so I closed it out for a 37 pip gain.
Good work Aha!
See attached.
By the way, in regards to TD Termination count, you can see that on this chart "13" just got kicked off, but the close is less than #8's close. With TD Termination count #13 wouldn't have been initiated yet. Be interesting to see what happens. Check and see later if waiting for TD Termination Count a trade would have been more favorable. Usually it's better. Maybe make it an adjustable option on the Sequential properties box?
Thanks!!!!
