Originally Posted by SIMBA

Thanks for your comments..I don`t know what the author thinks of my interpretation of this pattern,since this one I haven´t checked with him,but you can do ask him directly,he is a very nice guy and he likes to receive questions from his readers.

Basically,I will ,a few times,explain how I see the pattern appliability to FOREX..Forex is a symmetric market,selling usdchf is the same as buying eurusd and then selling eurchf,so the patterns that Suri explains with a slight bias(indexes and stocks usually have a built in bias),I tend to make symmetrical,with equal conditions for both buy and sell,I told him about this interpretation when I checked the MSH/MSL pattern,and,as a concept,he thought it was interesting.

I try to explain the pattern as explained in the book,then give my personal view of it,usually they are the same,the main differences are either when the author uses non symmetrical rules for longs and shorts due to him being an(exceptional) index and stocks trader,and indexes having a long term directional bias...in these cases I tend to make it symmetrical..or when I have been trading that specific pattern(though with other rules),as per 5BF,where I post what I think IS the most helpful view of the pattern(2,3 or 3,2..highs,lows or lows,highs...in any combination..PLUS HIS entry rules which are really exceptional to keep you in a good reward to risk ratio).

Additionally if you see his examples,you will end up extracting the same conclusions I did,for example,the 2 options for stops of the 5BF that I posted were extracted from his examples at the book,since he uses both methods.

Hope this helped.