Disliked{quote} Hi Lookleft Thanks. Use Entry and Exit Rules Entry: APB/PA 1st or 2nd candle entry is best if they are travelling out of PAC or moving away from MA's...Following the higher TF trend and TDI showing a cross between 12- 2 clock hands or 4-6 clock hands (See chart below) Please explain how you can say "weren't actually signals by the TMS method rules" According to what I read and understand is when Red cross Green that is a signal to buy or sell Now before you just place an order you look for further conformation (typed part of Post 543) Can...Ignored
OK the first thing to remember is that price action is the most important factor and the TDI is used as confirmation so just because you get a cross does not mean enter a trade (if only it was that easy ). I'll try and keep things as simple as possible
Starting from the left. Look at the APB under your line and you will see grey wick at both ends which indicates indecision in the market so nobody knows what to do. So you wait for the next APB to close below the wick of the previous one to see if you have a trade and by doing this means price would have had momentum. Second APB is a similar issue. Third was a touch not a cross. Fourth would have been a goer.
Hope this helps and you get the idea of looking at what the APB is showing you as well as the TDI. Feel free to ask any questions, I'm sure someone will be able to help.
Time to shut up shop and have my evening meal. Trade safe guys
Edit: Lastingwell beat me to it and she's better at this sort of thing than me as I hadn't got round to Daily charts (that was going to be the next lesson)
Edit Edit : As a set of training wheels you might want to add a 200ema to your chart (doesn't really break the rules) and use it as a basic trade direction helper. If price is below the 200ema you look to sell if above you look to buy. Doesn't always stand true but can help with the decision process until you gain experience.
Never argue with a fool; onlookers may not be able to tell the difference.