Tom, have you read John Piper's "the Way to Trade"? Publishers are FTPitman . You can probably get it from the library, if you haven't. Like all books, you have to separate the wheat from the chaff but he has a thing in his bonnet about entering right on the limits of the pattern, where no-one else wants to go. The reason he does this is because it gives him a very low risk on entry but the rewards can be excellent. I tried this, this morning, with the GBP/USD and got good results with a short, entering at 1.5570. Nothing clever about it---I just took it, as it seemed to be by the book (his!) along with a risk of 10 points. Actually, the risk should have been less but I thought that it would have been a bit close. He gets this from MP, which is why I have been poking into it. However, his attitude to MP makes much more sense to me because he applies it directly to the bar chart, without all those letters and a bell curve.
Anyway, thought I'd mention it.