Dislikedthe idea is this - in a up trend on the HTF you have a better chance of success on the LTF if you trade in that direction... but the problem is i can never find any evidence for this over a long enough period here is wat i see (as well as good W1s were it does work - no clear result) - lets trade only long @LO - it is important to note that i would have had limited idea this W1 was forming wave-4 D1 - lose D2 - lose D3 - win D4 - lose D5 - lose if this idea was right then i should be seeing clear evidence over a long enough period (at...Ignored
- enter on 1st or 2nd APB
- avoid trade into S/R
Refering those winners and losses you mentioned, below are my comments:
D1: LO could be a winner of 35-45 green if entered on open of 2nd blue APB (it was facing 200MA but had some space to move)
D2: LO was 9th blue APB in a row and price closed right below S/R (weekly S/R bold green line), no long until after retrace if any, so no trade
D3: LO winner as per you stated.
D4: LO no buy signal trigger. no trade
D5: LO no buy signal until an hour later but too close to resistant (my weekly S/r bold green line). No trade @LO
From my understanding after reading Big E's and other senior TMS members' (top rank), there is no one saying that we need to enter a trade at LO to make a winner, but rather from some traders making it their own rules and one or 2 times if they are lucky during big momentum they can have a winner.
We all agree that FO/LO has better liquidity and so good volume to trade...so do not interpret that we have to enter a trade even with the trend unless you set your SL @prev swing low/high of H4 or D1 ( if your mental/heart could bear with such large SL)
Learn to read price actions and wait for TDI to signal are all we need, and do not enter a short when current M30 TDI and H1 TDI over 68 (overbought) nor enter a long when TDI m30 h1 is under 32 (oversold), wait until it move out from those areas.
Attached chart are my illustration of what I meant and also some of trades I took on EA for the week:
D1: I was a bit late but at that moment price bounced away from 200MA should have had good momentum so that the reason I chased the trade ( that I called when I entered on 3rd APB).+50 (short) +25 (long)
D2: price was rejected at very strong weekly S/R (bold green line) for 1st time of the week with a few blue bar closed below it and a pin bar I could not sit still and got in a short even TDI crossed but still >68, exited at 200MA +35.
D3: I did not enter on a long on as I was worried about TDI too overbought and price was facing weekly S/R and since I alread bagged good pips during AO so I thought I had my share from EA for the day. +54
D4: divergence formed and off S/R and TDI confirmed for a short ( I entered on M30 3rd APB since at that time I was waiting for a pullback type confirmed on H1) and you could call I chased the trade from M30 view and I agree as I trust the move from H1 pullback type could do good (study old chart made me confident about) +60
D5: short facing S/R, no trade ( I was not avail to trade@LO anyway), I entered a long after seeing a few little read apbs were rejected at DOL and 200MA with higher low, exited after seeing price got rejected at wkly green S/R bold line, I should have had more pips if I exited right at S/R, well at that moment I believed price could move further up more and it did but too bad I lack of confidence on Friday .+20
Appreciation is the key to wealth and happiness