T3 Bars on Daily Coffee chart. The paint bars can be used as a stand alone system. "Buy the 2nd Blue bar - Set stop just below the low of the previous yellow bar." A reverse in colour closes out the position. As a general rule, Do not trade against the T3 colouron the Day chart. We make use of this tool for our swing / position trades found in our Weekly Trade Plans. It is very reliable and allows for tight yet meaningful stop/loss orders. The next chart (below) illustrates its effectiveness on real-time 150 tick charts.
T3 Bars on 150 Tick Coffee chart. As above the shift in colour is significant. The Cyan Buy arrow indicates the Buy. The stop is set (as in the day chart above) just below the previous yellow bar. Ideally the 150 tick colour should match that of the Day chart. This will increase the probability of success and profit.
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