Disliked{quote} i prefer 2/8 of daily better than weekly,weekly is very late.EMM why do u use 2/8 of weekly?Ignored
1. I am a medium term swing trader on Daily charts (Post#281) .
2. Weekly Trend 2/8 complements to my Weekly Top Down Analysis WTDA which is to determine the Market Type conditions. (Post#647).
3. Trend 2/8 is easy and simple especially for new traders who have not developed the skills to do WTDA. It has helped me during my initial years trading with TMS 5-Method.
4. Weekly is the Dominant or Primary Trend which I trade. When used with strat's Weekly Control Candle WCC concept, this Weekly Trend 2/8 adds more information which will help in the trade planning. (see pic below). Always know where is is WCC that is the range of the market and Trend 2/8 will help.
5. Weekly Trend 2/8 does not conflict with the OP Big E' trading 5-Method methodology and is basic stuff which can help other traders. (Post #670)
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Note: Weekly Trend 2/8 development was a major contribution by many experienced TMS traders in 2011 and 2012 during the development of the TMS_V19 EA in those years. It was tested for many years since then and proven to work for swing traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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