|
TRADING
TIPS WITH THE TC/BR SYSTEM
-
Short-term
traders can use all the signals given on one chart. With every
"trending Candle Takeover" you can add to existing
positions. At the point where you get the Body Reversal you either
close out all the existing positions if the BR is made by an average
candle or close all and revere if the BR is made by a trending
Candle in the other direction.
-
For
those that like to have some confirmation of the signals, the weekly
chart will be very effective if used with the TC/BR system. Using TC/BR
system, you look for the buy and sell signals in the weekly chart.
Once you have a signal, you enter the market on the first signal
given in the weekly chart moving in the same direction. New
positions can then be taken as described in point 1. If the last
candle in the weekly does not make a "Takeover" or TC/BR,
then do not take on new positions. This way you stay out of a
sideways moving market.
If
you use the weekly chart for confirmation, you should place the
trend-stop at the opening price of the last TC in the weekly chart.
As soon as you get a close in the daily chart past the trend-stop
level set by the weekly chart, you should close all existing
positions. This is a very effective trading system for stock and
options traders who like to use spreads.
-
If
you put signal flags on the screen, you will notice a wave pattern
in the market. By comparing the bottoms and tops made between the
reversal points, you get extra confirmation about the current trend
or a trend change. If the tops keep going lower, then the main trend
stays bearish. If the bottoms keep going higher, then the main trend
stays bullish. This is logical and what the flags, generated by the
TC/BR system, do is make is clear where the reversal points are and
make the waves better defined. Buy signals given by a bullish TC/BR
that follows a higher bottom are very effective. The same is true
for sell signals given by a bearish TC/BR that follows a lower top.
|
