I hate double fake-outs!


I don’t like this pattern. My scripts would normally consider it to be a bullish pattern (continue bullish when top middle is broken, but it happens more and more that this is a neutral set-up. Aargh!

I would feel mor comforatable when I have lower peaks and declining MA’s as that is pretty reliable to signal a bearish move is uphead (mostly during asian session.

Again a bounce at around 1.09 (number zillion).

Just wanted to share. :slight_smile:

This is like swing. Make trend line between the tops and will see. Smaller top(the last one) is in 90% reversal to bullish. These are perfect for short positions to the third tap tho.

Yeah, this set-up makes me feel bullish too. It is just that I like to work with scripts. When scripting this set-up as bullish it will backfire on me during the Asian session. I need to research it in more detail and defining the size of the range and have the script to consider that. :slight_smile: But every exception makes scripts much more complex and there are a lot of exceptions to consider. :wink:

It just annoys me that the market doesn’t stick to my rules… :stuck_out_tongue: I should post how everyone should trade so that my script can stay simple… :wink: