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 !
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 !
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