Disliked{quote} Dana, there is no rule of 5 EMA method in this thread. It is something Vincent sucked out of the thin air to confuse traders. Read Post 718, pay attention to >I left it on my chart because I like to see how PA interacts with the 5ema line during the trade. Gives me a better feel for what's going on... that's mainly the reason.. > Ask yourself this: If 5EMA is so importend, why did BigE "left" in on the chart. mmmmm Do you trade on feelings or according to a checklist based on your own understanding of your own method? You really want to...Ignored
You are still confused with how to use the 5EMA Typical Price, Shift+2.
According to Big E' posts, you can trade his 5-Method without the TDI and Stochastics.
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Big E : you can trade without the TDI
Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.
Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.
However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.
Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...
PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.
The TDI just gives me a lot more information for making my entries & exits decisions.
May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?
It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?
Read above...
I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...
#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
This one also missed the London bus by a couple of hours.
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