Tuesday, 9 March 2010

Question on History signals Part 2


As you can see, we got three possible sell signals late in the day on this 3min YM chart, two history signals and one TS4 sell, so is that three trades ?

No, if you see the help video:
p://www.mtpredictor.com/help/videos/65-history2/65-history2.html

You will see that once we place the Analysis on the first history signal, the short trade was filled, BUT (and this is the important part) is was NOT stopped out. So when the next two signals came up, you would already have been in a short trade.

So this means that just because you see a History triangle on a chart, it does not mean that it is a “failed” (-1R loss) trade, all it means is that it is a “filled” trade. You should then place the Analysis on to see how it would have been managed.....

Thanks, Steve