How Many Bars

[tombtrader]

How many bars after a signal is the signal valid for in short term bars, eg 3 minute? I tend to waqnt the market to go my way straight away and if thge trade is not elected by the next bar, I abort. Is thbis the way other traders use MTP?

[mcdirt]

Hi TT,

Steve explains these rules EXACTLY in one of the Monthly seminars - September, part 5 or 6 I think and the rules are modified by inside bars but it's all covered there.

Same with your question about where to place your stops - covered in Part 1 of the course "Managing the standard trade setups". The position of the target WPTs on the time axis is irrelevant - price does not have to go through the actual box (that is what I understand you to be thinking? "as the support cluster was further to the right").

Between the 2 sets of course notes and the numerous video help files on the web page, I think Steve has answered just about ANY question that a new user can ask.

Then he provides advanced techniques with other videos and the daily reports.

It will take you some considerable time to go through all the educational material available. I have read the course notes three times now and may have to start again ...

rgds McDirt