DislikedThank TMS method. We had a trendline support and a good Long entry in AJ - H1 with cross signal and a good angle (12-2) of TDI. And when NY opens, we can take profit and prepare for reversal short entry (PA is close to resistance zone and got exhausted in up momentum), but keep low risk because it is up trend. This is my idea, can all of you help me to give feedback? Thank you all. {image}Ignored
H1 with cross signal and a good angle (12-2) of TDI
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Here is my feedback from what I learned reading and studying the OP's early days in his old thread. I learned how he took elements from other methods/systems and blend them and develop his own method/system.... this is how his 5-Method was 'born'.
It is about Oscillators - Stochastics and the same technical rules apply to the RSI/TDI too.
Post#41 and Post#42
If you watched the video on Oscillators you understand how he uses Stochastics for entries. Imagine the face of a clock on your chart indicator for Stochastics. If you have a line crossing up at a 12-2 PM angle its safe to enter normally. ***But: don't enter too late after it crosses and points up or down. (nothing is 100% all the time in forex). If the line all of a sudden points to the right at the 3 oclock angle, don't enter. Rules the same but opposite for the lines when going down (4-6 PM).
When Craig trades his swings he waits for the first reversal candle to close and then enters on the opening of the second candle. His goal is 20 + pips per Trade. (See the Numbers and Entry videos which shows you what he aims for.) He always trades with a stop loss. His stop loss is at the (top or bottom) of the 1st reversal candle. As he states on one of the videos... if it doesn't go a minimum of 20 pips and reverses on him... he will let the stop loss take him out. At that point if stochastic lines up with the next swing... he doubles his lot size and enters that next swing. He normally makes his loss back plus extra pips. If the second trade loses (which isn't often), he goes back to normal lot size on the next trade. 99.9% of the time he has a winning days with very, very, very few losing days using this method/secret. So his rule: If I lose a swing... I double up on my lot size for the next swing trade. Very Important!
Have fun learning and developing your own winning trading system that fits you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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