History Signals Part 2

OK, now we have applied the Analysis, we can see that indeed this was a valid TS3 buy, and as such gave us a nice profitable +3.3R trade (ignoring slippage and commission).

So what is happening ? Well, if you use the Chart Replay mode, you can see that the pivots changed as the market unfolded around that time, this is why the abc pattern changed. But by placing the history triangle on the chart and allowing the analysis to be applied, we can analysis see what the situation would have been “at the time”

So the result was a nice +3.3R Profit as the TS3 buy nailed the low and then the NQ rallied nicely

Thanks, Steve

PS, I do suggest you take a look at the Advanced Blog, as MTP continues to do some amazing stuff with the more advance tools !

History Signals

Hi Everybody,

Yesterday we had a great example on the 3min NQ, of why we always need to check and then apply the analysis on the history signal (small triangles on the chart), as they are not always -1R losses

As you can see from the chart, the history triangle at 13:45EST looks to have nailed the low perfectly and as such looks to have been a good trade............

So let’s apply the analysis, in the next post and see....

Thanks, Steve