First step in MT's 3 step process: 1] close above key SH or below key SL. The important question is what TF close to use for which TF Trades? MT mostly uses the 4H, 8H, 12H closes. More in detail🔻 • Thread
• 4H close on lower MTF 1.Also 2H+ as first signal(for LTF? too) https://x.com/Moneytaur_/statu... 2 .(4H+8H)=>higher probability https://x.com/Moneytaur_/statu... • 8H close on higher MTF https://x.com/Moneytaur_/statu... => +8H can be a first signal for continuation on HTF plays
1.Example for 8H confirmation https://x.com/Moneytaur_/statu... 2.YGG (quoted post 12H, MT adds continuation possible after 8H close) https://x.com/Moneytaur_/statu... 3. MT: if you're looking for an entry or adding size, wait for 8H+ close, (similar to YGG) https://x.com/Moneytaur_/statu...
• 12H+ close HTF trades MT: The higher the TF, the more powerful the confirmation. https://x.com/Moneytaur_/statu... Examples 1. https://x.com/Moneytaur_/statu... 2. https://x.com/Moneytaur_/statu... 3. https://x.com/Moneytaur_/statu... 4. https://x.com/Moneytaur_/statu... 5. https://x.com/Moneytaur_/statu...
For macro(very HTF) tops MT watches weekly+ closes https://x.com/Moneytaur_/statu...