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TheRumpledOne
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Postby TheRumpledOne » Wed Mar 17, 2010 11:20 pm

bettlebox:

Thanks for the explanation. However, if you are trading both directions, you are not a RAT, you are a YALE STUDENT.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Wed Mar 17, 2010 11:24 pm

Well i just go straight to one major problem i had. The way i read rules on DTB method was to buy or sell in zone formed by TRO_dyanmic SR area on trigger lines (to go long or short ) after semafor had formed. Of course you need to wait for semafor to fix it self. But i was getting stopped out all time.I waited and when i though the semafor had fixed it self, take the trade but then almost immediately i would get stopped. WTF.

Well i thought it was ok to trade against 1hour candle on these trade, just have to be careful as TRO warns.

I know TRO goes on and on and on about this and yesterday in my darkess time if you asked me which way do you trade with 1H candle? i would say trade in the direction of 1H candle , if it is up and price is moving up i am only looking to take breakout plays on the resistance areas. I ignore any price action on trigger line not unless the 1H candle agrees with it.

If direction 1H candle is down and price is moving down i only look to take breakout plays of support formed by TRO_Dynamic_SR.

If the price bounced off the support or resistance area i DO NOT jump in at trigger line, I WAIT for 1H candle to turn in direction i want to trade.

=============================================

Let's say you are a GREEN RAT. Price is putting in a new daily low, but H1 is RED. So you wait. You probably should wait for that H1 candle to close. The next H1 candle may retest the low and possibly make a new low.

If price does not make a new low, guess what, it's going up, the H1 turns green and you can now trade with the H1 candle color. Of course, ANYTHING CAN HAPPEN!

It's all in the waiting.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Pro Trader » Thu Mar 18, 2010 8:40 am

BB when you say you check D1 aswell do you trade with H1 and D1?

What about W1 do you take that into consideration?

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Postby bettlebox » Thu Mar 18, 2010 11:03 am

Hi

<scratch head> no i don't. Should i be?


Pro Trader wrote:BB when you say you check D1 aswell do you trade with H1 and D1?

What about W1 do you take that into consideration?

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Postby Pro Trader » Thu Mar 18, 2010 11:10 am

TRO says trading with W1 keeps beginners and experienced traders out of trouble. But also that all that matters is if your making money.

So I guess if your making money with what your doing then your fine.

I was just wondering how you do it thats all.

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Postby bettlebox » Thu Mar 18, 2010 11:59 am

Hi TRO and Pro TRader

what i am actually trying to do is to play this method. Its dragons33 first baby steps in trading this method.
Im not using EMA line i dont see any use in these. Dragon33 is play same reversals as we attempting to do now.

as posted by TRO on 09-11-2008, 05:03 PM @ Babypips.cm

dragon33 TRADING METHOD

http://picasaweb.google.co.uk/lh/photo/ ... directlink

The only thing i use is the free indicator from TRO (dynamic SR)

I also use the 50 ema high and low to get the direction.

If the ema's are flat (horizontal) i don't trade. It could be a reversal.

I get in when the indicator trigger the go short signal and when ema's are down, H1 and D1 are red get ready it could be a big trade.

If the dynamic indicator trigger a buy signal i only get in when H1 is green, if not i'l wait until its green.

Otherwise i go for a small gain (5pip)

If H1 never turn green i take a new short if it breaks last resistance only when the H1 candle is not to big already.

Calculate the average of the last (choose your number) red candles.

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Postby newark18 » Thu Mar 18, 2010 1:09 pm

I also use the 50 ema high and low to get the direction.

If the ema's are flat (horizontal) i don't trade. It could be a reversal.



Can you explain further?
Failure is an opportunity to learn.

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bettlebox
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Postby bettlebox » Thu Mar 18, 2010 3:13 pm

hi newark18

best forget about this 50 ema. I am trying to recreate what these lot did when TRO was teaching them on babypips. They got all the help they needed, some of them got 1 to 1 training.

dont expect anyone to give you anything you will save yourself time and trouble. Sounds terrible but its true .... unfortunely.

bb

newark18 wrote:
I also use the 50 ema high and low to get the direction.

If the ema's are flat (horizontal) i don't trade. It could be a reversal.



Can you explain further?

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