What do the various letters mean on the trend catcher chart template? I know the A is apex, but the X and P I’m not sure? Just wondering if they have any significance or if I should be paying attention to them. Thanks.
Letters in chart template
darrell
#2
They mean nothing for the 5 minute binary trend catcher system. I state follow the colors …green means buy red means sell. The letters for this system have no bearing just the color of them. It is a confirmation for flips that you can use with the 3 basic rules for a confirmed entry.
Green TC flip Less than 3 minute bar Bar closes in direction of TC
Green Apex
Valid trade
They mean things on different systems but you don’t want to mix the rules up.
For more details on the apex pattern in general please see the indicator training course under education. But again don’t mix it up rules with other systems.