DislikedUnfortunately, I dont have the foggiest as of what type is this trade. Anyway, this type of setup can occur whenever. It could perfectly be a usual swing type of trade. On the other hand, some of the trendlines could be invalid due to news or Tokio session which Hector does not trade - so I see your point.
Unfortunately, the red trendlines also have 3 touches. Would you also consider the red trendlines as valid trendlines?Ignored
DislikedThank you for your efforts. I read through it and it helped a lot. I at least know that I am not alone and there are plenty of people struggling with the art of drawing trendlines.
Anyway, any 3SMA trades this week?Ignored
http://youtu.be/XIh5JrGlufc
here is where is detailed description about trend collapse trade:
http://www.forexfactory.com/showthre...09#post3392809