DislikedDears All, I have read almost all posts but still wonder sth . What it means to ''Enter a trade when green crosses red on the TDI at the beginning of that candle ,If it's candle 3 or more don't enter''. How to spot candle Number: 1 (the correct one) ? A candle might start in Red color and we get TDI short signal ,jump in , then Ooops! PA goes high and the candle turn color to close blue. Am I understanding well that just at the start of candle we go as initial sight tells us red /sell , blue /buy (of course with TDI confirmation)? But again that...Ignored
Hi,
you want to trade the aggressive style like Big E...I suggest you do not until you have master what the 5-Method is.
you want to pick the best setups, like picking entry on APB#1 or APB#2 you must done the checks which Big E mention in Post#647:
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Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...
With bounce trades the odds are lower for your success... but it still works.
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
How close am I to the previous high or lo
Am I in an uptrend or downtrend.. short & long term...
Am I in or close to a consolidation area
Are the previous candles small...
Look at the candles on the last reversal... big, little, what
How does the momentum look right now (12-2, 4-6)
Does Stoch's confirm the TDI signal
Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...
If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X.
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it is not so easy without knowledge in Price Action trading and proper use of Support and Resistance.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett