I hope dreams come true.....
A better Editor for mql is available. 100x better than MetaEditor 20 replies
Broker needs to do better, much better 4 replies
Better momentum and better Sine wave indicator 0 replies
Mathematical reasons why MOST DayTraders & scalpers fail? 197 replies
Is Better still better? 1 reply
DislikedNo Gregg,
It is when the market makes a swing HIGH or LOW.
It then pulls away from this over the course of a few bars and then comes back up to challenge it.
If it BREAKS the swing HIGH but fails to CLOSE ABOVE it, it is a signal that the market is likely to turn down.
If it BREAKS the swing LOW but fails to CLOSE BELOW it, it is a signal that the market is likely to turn up.
I look for this pattern on the D1 timeframe.Ignored
Dislikeddoes "that pattern discussed in the webinar" have a name. Maybe you should coin a new name for "that pattern" wiz.....Ignored
DislikedI've started referring to it as the "swing failure pattern". Nice and simple :-)Ignored
DislikedHi Tom,
If you would have conidered a trade at that ~1.6305 level, would you have cancelled it because of the consolidation on 1 hour just above?
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patIgnored
DislikedNo I wouldn't but funnily enough another reader was asking about this Cable on Skype last night and I told him that I saw it as a short term bounce only rather than a swing bounce because of the weight that we saw in the pair yesterday.Ignored
Dislikedus/chf. nice clean level for the rounded retest
with the current sentiment in the swissy a fill there would be nice...???
jonIgnored