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When i read /listened to slide 18 on HL MTR I thought this gave us a really good trading set up.
Then i came to the LL MTR. I am afraid i can't see how to distinguish them in real time.
How should i know to wait for the HL on slide 18 (rather than taking the trade as a LL MTR on reversal from the final thrust down). Or in slide 19 how do I know to take the trade as a LL MTR rather than wait for the HL dip?
I would tend to say generally wait and see and only taking the HL MTR as and when they arise, but it seems I may lose one leg of the TBTL target if i do so which must affect the maths?
There are several 21 videos so I don't know which one you are referring to but, in general, if the break of the trend line is weak compared with the preceeding trend and the trend resumption attempt that follows, the HL MTR will probably fail and it is better to wait for a LL MTR or a DB HL MTR.
If you are not sure, you can skip the HL MTR and try to take either the LL MTR or a HL DB, the one that happens, or wait for the HL that will follow if a new trend starts. This HL might be the easiest trade to take while you get more confident reading MTRs.
Thanks. Apologies, I meant 21D, and will try to remember to fully label them in future.
And another apology for asking the question too soon. I have now started video 22A and it appears there will be some explanation of this here.
Difficult sometimes to know when to query something to cement your understanding before moving on, or wait in case the question is premature. Who would be a teacher in a live classroom!
Difficult sometimes to know when to query something to cement your understanding before moving on, or wait in case the question is premature.
Yes, you are right. I always recommend to hold questions until the PA fundamentals part of the course is done. Yet, here we are to help if needed.
