I have been teaching my wife to trade. It has been an interesting journey because she is not a computer person and has not traded before. The setups need to be simple and intuitive. This is the current evolution of this project and this is the one that turned the corner to profitable.
This is a method meant to be used on tick charts. Price is the same on all time frames it is just the sunglasses or filters you use to look at price with. (we can discuss this elsewhere :becky: Sunglasses don't make you a good driver but sometimes they help you to see) This method is used to catch anywhere from 3 to 4 pips up to 20 or more at a time. The screen is segmented into 6 pip blocks using horizontal lines to help control the risk. A wave is created using wmas spaced every 6. So 6,12,18,24...etc up to 330. The 330 is thickened and the 96 wma is accented. Sharky's ADXVMA paint bars are used with the colors inverted to show retracements. - this is what really helped her see the better entries. Entries are taken with the wave color. Blue wave look for a blue dot to go long. Red wave look for a red dot to go short. Patience. A new wave is always coming. Profits are taken when you have them. Do not let a winner turn to a loser. (read that again). Profit is profit. At the loosest stop setting you should be moving the stop up with each pass of a horizontal line on the chart (every 6 pips) Like climbing a ladder. You need wmacolored from the downloads section.
also the sharky bars which I attached to this post. Set your bar style to OHLC.