Quote:
Originally Posted by turboscottomatic
Hi Simba,
Thanks for the nice thread. Trying to be 100% clear on the pattern parameters you just described for the MSH. Please correct me if I am wrong.
So, in effect, we are looking for higher CLOSE followed by higher CLOSE followed by lower CLOSE as the setup... is this correct? The "higher high of close" terminology is throwing me a bit....
Best,
Scott
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Yes..this is correct,I posted the book definition,which is very clear for us visuals
, since you have an image just in front..then I checked with the author just in case and he confirmed.
All the images shown have also higher highs,but the author specifically said that the pattern is made by the closes,not the highs.
My personal opinion...I wouldnīt trade any pattern that didnīt have,in addition to the closes,at least a high and a higher high...
Same concept and comments apply to MSL.
This week I am being extremely busy,will try to post,at least some examples of new patterns.