Tuesday, July 21, 2009

HA Trigger Point

HA_Trigger is a simple yet interesting addition to the toolset. It calculates potential breakout point in determining the level that would have been required to toggle an uncertain "yellow" bar into a bullish blue or bearish red bar.
Generally quite effective when used in conjunction with MTFS.
At this very time of writing, the above snapshot is proving to be correct with a quick 5 pips short (target on key MM level)... Problably more pips to come, but that's another story.