PebbleTrader wrote:Combining the two, we know the stats for 20, 30 or 40 pips reversals happen 76% of the time after a 60 pip or more reversal. Once we know the extent of the reversal, basically it reverses, then we know that ratio stats that it will likely be 1 To 1, 2 To 1 or 3 To 1 of the large bodied previous reversal 84% of the time. Going with the median of both with an I/T line should give a good success rate...

This can be shown by putting TRO MID TRO ONETHIRDOTS on the PnF MT4

Had amazing success with this so far... The stats don't lie

Excellent work PT!