I’ve had a few emails and comments that a Dual Time Frame Momentum setup did not result in a market reversal. Any technical analysis will “fail” whether it is a support/resistance projection, momentum strategy, pattern break etc. As I say over and over again in the book, the purpose of all technical analysis is to “identify conditions with a high probability outcome and acceptable capital exposure.”
The Dual Time Frame Momentum trade filter will help identify markets with a high probability of making a reversal AND a specific stop point in the event the market does not make the reversal. This is absolutely the best that can be hoped for.
Employ the Dual Time Frame Momentum Reversal filter as described in High Probability Trading Strategies and you will find it will help to keep you out of marginal trades, often nail a reversal within tickes and have very minimum and acceptable losses when a market does not reverse.