Lookleft replies to: TMS for M30 charts


{quote} no, only 1st touch is the strongest one considered as S/R

ok, thanks.

I don’t usually take trades off the dol but today on usd/cad as you can see in sooma’s trade above, price hit the dol more than once and i was wondering if a trade could be taken off of that. Arguably it might have been a double bottom there too. I was waiting with a pending order looking for a pullback ..but i never got one deep enough

what about the 200 ema and BRN’s?
I’m guessing you will take a trade if the setup occurs on the first touch of the day, but if a setup occur’s on the second touch of the day you’ll pass?

edit: what about yesterdays high also?

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