Disliked{quote} Hi Emmanuel, My age is 29. During the time LO open (The first candle), TDI was pointing upwards at a 12-2 oclock angle. At that particular time, instead of rushing into the trade, i set a Buy Stop to activate after it cross the previous high by 3-5 pips. After it closed, the TDI changed to what it was now After that it reversed. The 2nd entry was a test entry.. please ignore that.. lets look at the highest one Thank you for your time Edited: --------------- Sorry i think its my mistake, first candle is normally a fakey.. will be more...Ignored
The TMS method doesn't use buy stops or sell stops... we enter exactly (market order) at the open of candle #1 or #2,
if TDI crosses at 12-2 and 4-6 o'clock angle on the close of the previous candle.
I understand what you mean when you did not want to rush into a trade so you placed a buy stop.
My suggestion is that you need to build confidence in this method, then you will be confident in your entries.
(Unless you intended to tweak the system to your style)
Also, control your emotions when the trade does not go your way initially (is that why you did a 2nd entry?)
From experience, most of the time when you enter, the trade will not automatically go your way.
It takes time for price action to develop after your entry.
Trust your entries.
This means that for each entry you should have a solid reason why you entered.
TDI cross? TDI bounce? TDI angle? TDI crossing up below 32?
If you do not yet have that solid reason why you entered... backtest charts and keep practicing!
It will come to you, trust me, because I have been through that journey too.
Don't give up and keep practicing! You WILL get there.
PS. Apologies that I have not been posting much these days!