1 min time frame but you can use any time frame or method. I am trying to follow rules at the beginning of this tread. It looks like you are trying to somehow fit R1 or R2 or some other numbers to TT method. I do not think this is the best way to go about it. Best way to use TT method is to find simple method of entry and enter only when your entry signal coincides with TT, keep stops tight and you will be doing ok. It is that simple. Walter
TT for friday are 9:45, 10:25 and 10:55est. I want to thank all of you who expressed interest in participating in Yahoo group, I will make count after close tomorrow and we will se what is a best way to continue. Walter
I want to apologize to all that expressed interest in Yahoo group and did not get response yet. I will contact everyone over the weekend. Sorry. Walter
9:45 TT was a textbook example why several indicators are needed. 9:45 was actually minor top but if you followed MA and waited for CCI divergence ( completed by 9:53 ) you should have entered long trade ( with the trend ). 10:25 TT didnot get any confirmation from CCI , no entry signal. Walter
My trades today using my trading system: 9:42, long +8.5 exit 10:52 10:52, short, still open The entries coincide with those suggested by TT and that's the reason I report them, however they were not inspired by TT. I do not trade using pivots or R/S but I take them into account and in fact it is possible to trade using them as well. It is simple enough for most people, I would say.
Wally, what is the general concept of what you do to put on a trade. I didn't know there was much else other than pivots and s/r. I wouldn't know when to trigger a trade without them. Thanks.
I have a 2 TT close together 14:10 and 14:35est. Remember to stick with indicators ! No guessing ! Walter