Disliked{quote} I can't believe there is still confusion here on What is candle 1 or two... If there was a reversal and it went 6 candles lets say... The first 2 candles are #1 & #2. If I don't get a signal to enter from the TDI on (candle 1 or 2... green crossing red).. I pass on the trade and find another.This is the rule. The only exception is if the green line bounces away from the red line I'd jump in because it's a bounce trade...Ignored
#Candle 1 and 2#
the 5-Method started in Big E old thread and the reversal candles were explained in several tutorial videos.
since you are the late starter in this thread, you have to read, study and learn from the posts and charts in ths old thread.
In this Trading Made Simple thread, it is summarised in Post#261. The use of the Stoch(8,3,3) is important.
it is quite simple if you have mastered Post#261
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Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...
The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.
HA Candles are important because it makes your trading way less stressful... use them.
Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.
5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.
HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !
Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
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example of reversal see chart below:
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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