The following rules make up the one many TCP trading methods

1. Trade Only In The Direction Of The Trend!!

Follow the TCP.TREND and TCP.GTREND if positive (Blue) the trend is up. If negative (Red) the trend is down. Always use at list two time frames to confirm the Trend. For ES I use 7 min and 19 min. Trend of the higher time frame must confirm trade direction.

2. Get today market probable high and low (tcp.grange_h, tcp.grange_l.) Watch where market opens in relation to probable high and low and yesterday close.

3. Trade Only On Or Near Cycle tops and bottoms

Know approximately where 20 bar nominal cycle bottoms or tops on the next min chart Know approximately where 20 bar nominal cycle bottoms or tops on the own min chart 

Use best oscillator to identify cycle low or high..

TCP.SPEED. Set TCP.SPEED term to the half of the nominal cycle. (5 bars or 10 bars

works for most intro bars time frames and most active markets). TCP.SPEED must be above 70 and turn down to indicate cycle top or below 40 and turn up to indicate cycle bottom.

4. Market Must Be Heading Counter Trend Before Trade is initiated

Look at the TCP.REVBAR it is giving the short term direction (cycle). It must be in contrast to the TREND (if TREND is blue or positive the REVBAR line must be red for a buy setup. The opposite is true for a sell)

5a. Enter the Trade on a Stop Order

Buy a few ticks above previous bar high or sell below the previous bar low with a limit order. See section on the reversal bar trading

Enter the trade using reversal bar pattern (tcp.revbar.)

5b. Alternate Entry

In fast moving markets use market order and initiate you trade once TCP.REVBAR changes color to favor direction of the TREND.

6. Two contracts Move Stop To Break-even at Next Resistance level

Always take some profit at the Potential Targets. (tcp.upt, tcp.dpt)

When second Resistance or Support level is approached as indicated by TCP.DPT and TCP.UPT sellone contractand move stop to break-even for you second contract.

7. Move Stop As Market Moves In Your Favor

Move your stop up below support levels when resistance levels are exceeded if long. If short, move your stop down above resistance when support levels are broken. The stops get continuously moved as profit runs in a stair step manner. Support and resistance levels are identified using TCP.SELLSTOP and TCP.BUYSTOP

8. Exit On first indication of cycle top or bottom (see rule 2.) use stop order at tick or two below or above TCP.SELLSTOP or TCP.BUYSTOP.

At times, this will leave some money on the table but, the percentage of winners will greatly increase and in the long run one will be better off.

TCP.SELLSTOP & TCP.BUYSTOP