http://i38.tinypic.com/2jab2u1.gif

Remember, I posted quotes from "A BRIEF HISTORY OF TIME"?

We know what price is at the moment. And we attempt to determine which way it is moving and how far it might go. That's what the ORANGE DOTS do, attempt to show how far it might go.

Look at the current price and then look to the left to see the past predictions.

Notice how the current price went down and into the area "predicted" by the dots.

ahhh similar to what i was trying to do with my modified cowabunga indicator and another one i was working on.

managed a few successful trades today just looking at a basic web chart, watching the price and visualising my own support and resistance levels with no indicators at all. ended up about 43 pips.

THE ART OF WAR


III. ATTACK BY STRATAGEM


1. Sun Tzu said: In the practical art of war, the best
thing of all is to take the enemy's country whole and intact;
to shatter and destroy it is not so good. So, too, it is
better to recapture an army entire than to destroy it,
to capture a regiment, a detachment or a company entire
than to destroy them.

2. Hence to fight and conquer in all your battles
is not supreme excellence; supreme excellence consists
in breaking the enemy's resistance without fighting.

3. Thus the highest form of generalship is to
balk the enemy's plans; the next best is to prevent
the junction of the enemy's forces; the next in
order is to attack the enemy's army in the field;
and the worst policy of all is to besiege walled cities.

4. The rule is, not to besiege walled cities if it
can possibly be avoided. The preparation of mantlets,
movable shelters, and various implements of war, will take
up three whole months; and the piling up of mounds over
against the walls will take three months more.

5. The general, unable to control his irritation,
will launch his men to the assault like swarming ants,
with the result that one-third of his men are slain,
while the town still remains untaken. Such are the disastrous
effects of a siege.

6. Therefore the skillful leader subdues the enemy's
troops without any fighting; he captures their cities
without laying siege to them; he overthrows their kingdom
without lengthy operations in the field.

7. With his forces intact he will dispute the mastery
of the Empire, and thus, without losing a man, his triumph
will be complete. This is the method of attacking by stratagem.

8. It is the rule in war, if our forces are ten
to the enemy's one, to surround him; if five to one,
to attack him; if twice as numerous, to divide our army
into two.

9. If equally matched, we can offer battle;
if slightly inferior in numbers, we can avoid the enemy;
if quite unequal in every way, we can flee from him.

10. Hence, though an obstinate fight may be made
by a small force, in the end it must be captured
by the larger force.

11. Now the general is the bulwark of the State;
if the bulwark is complete at all points; the State will
be strong; if the bulwark is defective, the State will
be weak.

12. There are three ways in which a ruler can bring
misfortune upon his army:--

13. (1) By commanding the army to advance or to retreat,
being ignorant of the fact that it cannot obey.
This is called hobbling the army.

14. (2) By attempting to govern an army in the
same way as he administers a kingdom, being ignorant
of the conditions which obtain in an army. This causes
restlessness in the soldier's minds.

15. (3) By employing the officers of his army
without discrimination, through ignorance of the
military principle of adaptation to circumstances.
This shakes the confidence of the soldiers.

16. But when the army is restless and distrustful,
trouble is sure to come from the other feudal princes.
This is simply bringing anarchy into the army, and flinging
victory away.

17. Thus we may know that there are five essentials
for victory:
(1) He will win who knows when to fight and when
not to fight.
(2) He will win who knows how to handle both superior
and inferior forces.
(3) He will win whose army is animated by the same
spirit throughout all its ranks.
(4) He will win who, prepared himself, waits to take
the enemy unprepared.
(5) He will win who has military capacity and is
not interfered with by the sovereign.

18. Hence the saying: If you know the enemy
and know yourself, you need not fear the result of a
hundred battles. If you know yourself but not the enemy,
for every victory gained you will also suffer a defeat.
If you know neither the enemy nor yourself, you will
succumb in every battle.



DO YOU KNOW WHAT FOREX REALLY IS?

OR DO YOU JUST THINK YOU KNOW?

DO YOU KNOW HOW FOREX WORKS BEYOND PLACING YOUR BUY/SELL ORDER?


IF NOT, THEN STOP TRADING AND CLICK IMMEDIATELY:

FOREX


TO BE CONTINUED...

http://i35.tinypic.com/rqww8n.gif

PRICE IS PRICE.

Doesn't matter what time frame or what indicators you use.

PRICE IS EITHER GOING UP OR DOWN.

If you can not tell by looking at the chart which way it is going, then what makes you think and indicator is going to help you?

TO BE CONTINUED...

UP OR DOWN?

http://i34.tinypic.com/2zzp5y9.gif

UP OR DOWN?

http://i34.tinypic.com/30afipx.gif

KNOWING WHERE PRICE IS MOST LIKELY TO GO IS PROFITABLE BECAUSE YOU CAN BE READY FOR IT WHEN IT GETS THERE

http://i36.tinypic.com/e8mkqd.gif


SEE WHERE PRICE LANDED?

QUID PRO QUO

If you want an answer to your question, then you must answer one of the questions that I have posted.

QUID PRO QUO


:D :p ;)

I plan to repeat it every day this week, we shall see. I have a week off work next week and have designated it TRADING WEEK :D but i need to make some decent gains this week to give me good funds to use next week.

funny you should just post those charts of the pound. I just got in on GBPUSD as it started to drop and got out with 120 pip profit in the space of 10 mins just as it started to reverse, my best ever trade.

i shall now sleep well.

NEVER LOSE AGAIN!!


http://i33.tinypic.com/2j0ax07.gif


When you SEE the price stop and reverse and WAIT for your entry trigger, the pips are yours.

http://i38.tinypic.com/14mrmvc.gif


I am doing my best to post in REAL TIME so the doubters can see it really does work.

http://i34.tinypic.com/xeo8j9.gif

How many would like to make 10 pips a day?

Or 20? 30? 40? more...

http://i33.tinypic.com/24wx4cj.gif

Now, if you are thinking I am trying to get you to donate so you can have my "magic" indicators and make trades like this...


YOU ARE WRONG!!

There's the EXACT SAME TRADE using the FREE INDICATORS I posted in this thread!

I guess that should put all that nonsense to rest ONCE AND FOR ALL!

You don't need to donate.

Some people donate to show APPRECIATION.

http://i35.tinypic.com/2m809kj.gif

See you do NOT need a bunch of SQUIGGLY LINES generated by COMPLICATED FORMULAS.

Plain old support and resistance will do.

This is one of the reasons TheRumpledOne is hated by some and loved by others

I have "pulled down the curtain of Oz" and exposed the truth about trading.

This means you will NOT be suckered into spending HUNDREDS or THOUSANDS of dollars for systems, indicators, books, seminars, etc... because now you KNOW BETTER!!

TO BE CONTINUED...

http://i36.tinypic.com/2ltm4cy.gif


TREND? WHAT ABOUT TREND?

DO YOU SEE PRICE MAKING HIGHER LOWS? THEN THE TREND, AT THE MOMENT, IS UP!!

THAT'S ALL THAT MATTERS.

WHAT MORE DO YOU NEED?

WHEN THAT STOPS, YOU EXIT.

HOW MANY PIPS WAS THIS TRADE WORTH?

Once again, there's an effort underway to ruin my reputation.

Today alone, they have added about 2,000 negative points.

If you find my work useful, then please click on the thumb icons and add to my reputation.

Thank you.

http://i38.tinypic.com/2r7m0qd.gif

TREND?

LOWER HIGHS MEANS DOWNTREND.

TIME TO TAKE THE MONEY OFF THE TABLE, IF YOU HAVEN'T ALREADY DONE SO.

TRO DYNAMIC SUPPORT/RESISTANCE


Trading with DYNAMIC SR:


http://i38.tinypic.com/ih4dw2.gif



Trading WITHOUT DYNAMIC SR:



http://i35.tinypic.com/2ec3m6t.gif


DYNAMIC SR triggered a trade but normal SR did not.


SEE THE DIFFERENCE DYNAMIC INDICATORS MAKE?

http://i37.tinypic.com/eu369v.gif


And another long was triggered.

On post #214, I think you can enter a short-time SHORT trade and cover within that candle for 10 pips. Or you just hold on to the trade that trigger on the bar after the RED bar that makes the new low, there are many pips there just doing short term trade if that's me.

Also why static S/R doesnt work? I can see it work as well, they both enter at the same bar in this single case.

As Im trading this at the same time as you post charts, I already close the trade at those 3 bars after the new low RED bar with some nice pips. What makes you hold on to this trade longer, because of higher lows which I didnt see? :D

How do you put reputation in this forum, I cant see such button in this forum, i see it on others....

Interesting, after a while your reputation is back to green after browsing around, it was red.

Does that ever happen in this latest chart that the first bar after new Support gives long, then after this bar closed it is below the Long line, so it would become a lose trade if not closed within that single bar?
I know it doesn't in this case, but it happens to me a few times before, so what makes it different from such other cases, or I just got some bad luck?

Very interesting, not sure why. I can see the reputation thumb up/down to myself, but I don't see reputation to everyone else. Perhaps software glitch. :D

"STATIC S/R" works, it's just that the market is DYNAMIC.

I think you have to have 50 or more posts BEFORE you can give reputation.

There is no LUCK!!

The question is did you take the few little pips for a quick winner or were you hoping for more?

It's too bad you can't see who is giving you reputation points. If that were possible, it would stop this nonsense.

TRO TREND MAP

http://i34.tinypic.com/34q6avn.gif

Someone was asking me about the TRO TREND MAP.

http://i36.tinypic.com/16h9mau.gif

When you increase the space between the bars, things look a little obvious.

http://i33.tinypic.com/28uts9g.gif

ZOOM IN to M5.

http://i37.tinypic.com/29yjqlz.gif


Now add in some SUPPORT AND RESISTANCE DOTS.


IS THE IMAGE GETTING CLEARER?


TO BE CONTINUED...

WHAT IF ALL YOU TRADED WAS THE CANDLE COLOR AT THE HORIZONTAL LINE?



http://i34.tinypic.com/2zyai6w.gif


Do you see ANY losing trades today?

Is anyone starting to understand that trading is simple?

I just don't "see it". But I am trying to. Some things have been clearded up, but won't you consider just making a post that says a set of rules with the rules simply being what you recognize as the most helpful part of what you are doing? For example:

Rule #1 I trade GBP / JPY normally but this should work with any pair.
#2 I trade on a 5 minute chart.
#3 I use X broker.
#4 If the average price of the last bar is testing a low limit and its average closes at just above the low limit, it will likely continue downward....

You get the idea? It would be appreciated!

Mastersnap:o

Rule #1 I trade GBP / JPY normally because it has the best "bang for the buck" but this should work with any pair.

Rule #2 I trade on a 5 minute chart but usually not against the color of the 60 minute candle.

Rule #3 I use MB TRADING because they are an ECN type broker.

Rule #4 I wait for TRO SR RR to tell me what to do.

Rule #5 I ONLY use LIMIT ORDERS.

Does that help?

tro can you help me to understand this indicator. I don't see the regression channel and I was wondering, are the values all we need? also what is pain? thanks for all the help, john


sorry for the thumbnail ive spent almost an hour trying to resize it with no luck. in many ways im techno challenged :)

http://i34.tinypic.com/imnnl4.gif

Sometimes it's the SMALL THINGS that can make a BIG DIFFERENCE.

I added a line to show the ASK PRICE to the chart.

In FOREX, the price plotted is always the BID price.

http://i37.tinypic.com/2gv9cpl.gif

TRO_ASK_LINE will plot the Ask line for you.

See, you don't have to send me a donation. It's FREE!

TRO_ASK_LINE MT4 indicator including source code attached.

What about the regression channel? I don't understand your question.

"Values all you need" - you need to ask better questions.

Forget thumbnails in this thread POST BIG CHARTS!!


CLICK PAIN

Can we stop for a minute and start to talk about stop placement, and trade management?

I know that you (TRO) focus primarily on scalping for 5 pips here and there right?

So i'm curious what you would recommend for stop placement getting into these trades, and most importantly what you would look for to get out of these setups.

Pure # of pips target? Fib? S/R Line?

I know that your SR RR indicator calculates predetermined Risk:Reward based off the distance to the previous S/R area, but price action may not always make it there so i'm just curious how you would manage these trades.

Obviously as you point out many times EVERY trade is going to be different but are there any guidelines that you look for?

I guess I get how to get into the market... but there are 50 billions ways to enter a market. In my experience what separates the pros from the noobs in how they manage a position once they are in it.

Thoughts?

First off, you are still think using the OLD WAYS.

Remember, I asked you to ponder the possibility EVERYTHING YOU HAVE BEEN TAUGHT AND TOLD IS BACKWARDS!

Until you FREE YOUR MIND, you will NOT GET IT!

The STOP, if you are so inclined, is either a break of support or resistance.

I rarely stay in the trade for the total reward... usually out early because I AM SCALPING.

THIS IS SIMPLE.

DO NOT COMPLICATE IT.

Buy at go Long on a green candle.

Sell short at go Short on a red candle.

That's all there is.

THERE IS NO MORE!


I have a FREE Chat | Chat Rooms | Paltalk chatroom called the two percent club. You can see/hear us enter/exit the trades. Come join the fun. If you have trouble finding it, just pm me, therumpledone, and I will invite you in.

you know you can get the ask line in mt4 just by clicking the ask line checkbox?

right click chart, go to properties, click common, check the 'show ask line' box :D

is there an indicator that draws the lines at 25,50,75,00? save me trying to code one myself