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-   -   Never Lose Again!! (http://forums.babypips.com/show-me-money-daytrading/16021-never-lose-again.html)

metalorn 09-11-2008 06:35 AM

Both times I placed the buy, then the price retraced and stopped me out. I traded with the 1H but still didn't profit.

Quote:

Originally Posted by dragon33 (Post 67486)
You mean you lost?

Sorry but why didn't you take your profit?
You could have 40 pips


dragon33 09-11-2008 06:40 AM

what SL did you use?

dragon33 09-11-2008 06:45 AM

http://i36.tinypic.com/2sb0f0z.gif

Another winning up in a down
Out at 1.4903 38% fib level

You could even stay in trade H1 is still green but that is greed.

metalorn 09-11-2008 07:12 AM

Look at this setup on EURUSD. If it goes up, the 1H and 1D will be green at "random level" 1.3957. If it goes down, 1H and 1D will be red on "random level" 1.3933.

http://i33.tinypic.com/5ybzv9.gif

dragon33 09-11-2008 07:23 AM

Make a sell H1 is RED and you are at the go short level.
Go for 5 pip and if you can do that multiple times then maybe you can catch some more.

dragon33 09-11-2008 07:30 AM

http://i33.tinypic.com/33k9khx.gif

Here is another sell.

I did told you you could gain some more but it was to greedy.
Now i have wait until a new opportunitie.

You remember in and out that is all you need to do.

dragon33 09-11-2008 07:34 AM

Remember fellow traders, trading is war and today
i am GENERAL DRAGON33 and winning the war. LOL

PS: i didn't know writing at a forum was so fun ;-)

metalorn 09-11-2008 07:44 AM

Incredible... both turned out to be losers... price went high enough to have 1H and 1D green, bought at 1.3950 and immediately went down. I stopped it at -10pips. Then, both 1H and 1D were red, I sell at 1.3933 and price went back up and I stopped again at -10...

man... :(

Quote:

Originally Posted by dragon33 (Post 67496)
Make a sell H1 is RED and you are at the go short level.
Go for 5 pip and if you can do that multiple times then maybe you can catch some more.


ewokuk 09-11-2008 07:53 AM

Quote:

Originally Posted by dragon33 (Post 67471)
http://i38.tinypic.com/10mtu2o.gif

I've catcht another one
This one is uge 145 pip gain

did you actually get that many pips? why did you stay in the trade so long, especially at the point where it retraced back up by almost 50 pips before carrying on? was it luck that you werent watching it and left it open or was there a reason you didnt close it?

how many periods have you set the SR for? default is 5 I think, tro uses 21 at the moment (although mine is on 5 but seems to set resistance a lot further back than 5 bars).

i just cant be bothered anymore, whatever method i use SR, 1H levels, whatever pair, whatever timeframe, 8 or 9 times out of 10 the second i place it, it reverse on me, never even gets near 5 pips profit.

dragon33 09-11-2008 08:58 AM

Quote:

Originally Posted by ewokuk (Post 67502)
did you actually get that many pips? why did you stay in the trade so long, especially at the point where it retraced back up by almost 50 pips before carrying on? was it luck that you werent watching it and left it open or was there a reason you didnt close it?

how many periods have you set the SR for? default is 5 I think, tro uses 21 at the moment (although mine is on 5 but seems to set resistance a lot further back than 5 bars).

i just cant be bothered anymore, whatever method i use SR, 1H levels, whatever pair, whatever timeframe, 8 or 9 times out of 10 the second i place it, it reverse on me, never even gets near 5 pips profit.

H1 and D1 were still red. These are the big trades. If i do this then as soon as i am in profit i put a SL at +5 pip. I i am 3 candles far i put SL on the high of two candle back.

dragon33 09-11-2008 09:01 AM

http://i33.tinypic.com/4rrleu.gif

Again another winner. For me just 10 pip because i was shopping for dinner.
Otherwise bad luck wecause i mist a uge one

ewokuk 09-11-2008 09:25 AM

yeh i missed it too. it just gave me a BUY signal on that, like hell am i going to take a buy when eurjpy is getting screwed over.

dont think it should give buy signals on the way down, should give buy signals perhaps if the low is below it and the current price crosses back above it again but even then its so high risk probably not worth it.

dragon33 09-11-2008 10:06 AM

Quote:

Originally Posted by ewokuk (Post 67509)
yeh i missed it too. it just gave me a BUY signal on that, like hell am i going to take a buy when eurjpy is getting screwed over.

dont think it should give buy signals on the way down, should give buy signals perhaps if the low is below it and the current price crosses back above it again but even then its so high risk probably not worth it.

You don't see it!
It is not because there is triggering a buy signal that you actually must buy!!!
Everytime the candle is down, the resistance will be replaced (dynamic)and after crossing the go long line you get the alert.
YOU MUST SEE THE DIFFERENCE BETWEEN UP OR DOWN

If the D1 is red you have a down

Big runs only down if H1 and D1 are RED
small pips if H1 green

That's it nothing else

ewokuk 09-11-2008 10:17 AM

i said it shouldnt trigger, i didnt say i was buying when it was going down.

for the last 3 hours ive ignored almost every signal its made because im only going with h1 colour . i took 2 trades that went with h1 colour and got screwed yet again as it went flying the other way as soon as i opened it, yet again.

dragon33 09-11-2008 10:29 AM

Quote:

Originally Posted by ewokuk (Post 67518)
i said it shouldnt trigger, i didnt say i was buying when it was going down.

for the last 3 hours ive ignored almost every signal its made because im only going with h1 colour . i took 2 trades that went with h1 colour and got screwed yet again as it went flying the other way as soon as i opened it, yet again.

my mistake i thaught you say you did a buy.

metalorn 09-11-2008 10:36 AM

Today it's not working for EURUSD. You'd say you see winners but I keep missing them even after using stop loss of 5, 10 or 15. Look at this chart. The price was down and under previous low, 1D and 1H were red, I applied the rule from "Day trading 2.0" and the wave was down, I even included your 50 ema. So, I went short at 1.3893 and the price went up. It took another 16 pips from me.

Quote:

Originally Posted by dragon33 (Post 67517)
You don't see it!
It is not because there is triggering a buy signal that you actually must buy!!!
Everytime the candle is down, the resistance will be replaced (dynamic)and after crossing the go long line you get the alert.
YOU MUST SEE THE DIFFERENCE BETWEEN UP OR DOWN

If the D1 is red you have a down

Big runs only down if H1 and D1 are RED
small pips if H1 green

That's it nothing else

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

ewokuk 09-11-2008 10:37 AM

i would probably have made more pips if i HAD done a buy. managed to get 14 pips on eurjpy, now i can wait for another 10 losses before my next win :D

dragon33 09-11-2008 11:04 AM

Quote:

Originally Posted by metalorn (Post 67524)
Today it's not working for EURUSD. You'd say you see winners but I keep missing them even after using stop loss of 5, 10 or 15. Look at this chart. The price was down and under previous low, 1D and 1H were red, I applied the rule from "Day trading 2.0" and the wave was down, I even included your 50 ema. So, I went short at 1.3893 and the price went up. It took another 16 pips from me.





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

I don't understand you why do you go short??? Now you get a buy signal when it is a buy. Look at the run there was . (3 red candle on H1)You entered while a green candle was forming at 14h??? If you have that signal and you get a buy and the candle is still red wait until it turns green. If that does not happen you can make a short as soon as you break the resistance.

Keep trying you are almost there. It took me about three days to get it half of the time. This week it looks like i am the general LOL.
I am not perfect i do make losses also it is still forex!!!

dragon33 09-11-2008 11:12 AM

I was to late for the right signal but i try to explain.
http://i33.tinypic.com/2colzs7.gif

The run is not done yet watch live
If you did a short on the trigger line you could have made 15 pips easy???

dragon33 09-11-2008 11:16 AM

http://i38.tinypic.com/2466fc0.gif

If you get buy signals wil you take them????

metalorn 09-11-2008 11:19 AM

No, I went short at 1.3893 when all signals were indicating to go short.

Quote:

Originally Posted by dragon33 (Post 67528)
I don't understand you why do you go short??? Now you get a buy signal when it is a buy. Look at the run there was . (3 red candle on H1)You entered while a green candle was forming at 14h??? If you have that signal and you get a buy and the candle is still red wait until it turns green. If that does not happen you can make a short as soon as you break the resistance.

Keep trying you are almost there. It took me about three days to get it half of the time. This week it looks like i am the general LOL.
I am not perfect i do make losses also it is still forex!!!


daedalus 09-11-2008 11:20 AM

I thought the original intent of that indicator was to scalp short into the blue support dots and scalp long into the red dot price levels... that doesn't seem to be what you guys are doing?

dragon33 09-11-2008 11:25 AM

Quote:

Originally Posted by metalorn (Post 67533)
No, I went short at 1.3893 when all signals were indicating to go short.


It was the end of the hour after 3 red candles.
if you have waited for a few minutes you would have done a buy because a green candle was forming and you could make a win.

metalorn 09-11-2008 11:25 AM

When the price was at the trigger line the 1H candle was green, so if I was to place a trade then, it would have been a buy, and again it would turned out to be another loser.

Quote:

Originally Posted by dragon33 (Post 67531)
I was to late for the right signal but i try to explain.
http://i33.tinypic.com/2colzs7.gif

The run is not done yet watch live
If you did a short on the trigger line you could have made 15 pips easy???


dragon33 09-11-2008 11:30 AM

Quote:

Originally Posted by daedalus (Post 67534)
I thought the original intent of that indicator was to scalp short into the blue support dots and scalp long into the red dot price levels... that doesn't seem to be what you guys are doing?

Wrong you scalp between the dots.

TheRumpledOne 09-11-2008 11:51 AM

http://i38.tinypic.com/34rud0k.gif

Another day, more profitable RANDOM HORIZONTAL LINE trades.

ewokuk 09-11-2008 12:36 PM

thats only going to work on gbpjpy where the average hourly range is more than double almost every other common pair, i had fun getting wiped out for 2 days trying it on eurusd. it developed a very nice habit of going 2 or 3 pips past one of my lines before shooting in the other direction, probably doesnt help that i used 00,25,50,75 as my levels which is probably where things turn, better to use 13,38,62,80 i guess but that would be more fiddling with my indicator to get the alerts.

broker is p*ssing me off with slipped stops. its quite funny today i pressed close trade when it decided ti whipsaw against me and got a nice dialogue box saying "rate has expired plase try again". so i had to click ok and press it again to get it to close......10 pips lower (and this is with 1 click trading on. another time i watched it creep up and go 1 pip past my stop before it closed. then the best bit, i had a trade earlier with a take profit of 5 pips, it went up and got to 7 pips profit before it closed, they conveniently only credit me with 5 pips. so they like to stop the stops when you lose, and mysteriously fail to slip the stops when you win, good stuff, well done fx solutions.

dragon33 09-11-2008 01:11 PM

Quote:

Originally Posted by ewokuk (Post 67543)
thats only going to work on gbpjpy where the average hourly range is more than double almost every other common pair, i had fun getting wiped out for 2 days trying it on eurusd. it developed a very nice habit of going 2 or 3 pips past one of my lines before shooting in the other direction, probably doesnt help that i used 00,25,50,75 as my levels which is probably where things turn, better to use 13,38,62,80 i guess but that would be more fiddling with my indicator to get the alerts.

broker is p*ssing me off with slipped stops. its quite funny today i pressed close trade when it decided ti whipsaw against me and got a nice dialogue box saying "rate has expired plase try again". so i had to click ok and press it again to get it to close......10 pips lower (and this is with 1 click trading on. another time i watched it creep up and go 1 pip past my stop before it closed. then the best bit, i had a trade earlier with a take profit of 5 pips, it went up and got to 7 pips profit before it closed, they conveniently only credit me with 5 pips. so they like to stop the stops when you lose, and mysteriously fail to slip the stops when you win, good stuff, well done fx solutions.


Take another broker

dragon33 09-11-2008 01:19 PM

http://i38.tinypic.com/35m02a1.jpg

The circles on my platform represent my last trade for today on the circled candle.

WOW THIS WAS A GREAT DAY

Maybe see you tomorrow!!!

Happy trading for those who don't live in Europe

ewokuk 09-11-2008 01:28 PM

what made you short it there? it hadnt triggered a sell by bouncing off the resistance line and had a green bar and uptrend just before it, if anything i would have been going long.

you have exactly the same charts open in mt4 that i use, i managed to lose one after another all day so you must be understanding the indicator differently than me somehow.

those are really bad spreads as well, 5 pips on eurusd :eek: and still lots of profits while im losing.

i will look at other brokers but the 400:1 leverage is all thats allowed me to continue with so little left in there, and i have no intention of putting another penny into it until i am consistently profitable. would have looked at MBT but their platform is something out of the stone age, i couldnt stand it with the demo.

edacsac 09-11-2008 01:38 PM

I hate this system... I f**ing hate it. I try to understand, I think that I am understanding and I turn around and lose huge amounts of money (for me) every time. I've read this whole thread several times. Everything in hindsight makes sense. But the majority of my trades go big in the exact opposite direction. Thank God I only risk a little bit on each trade.

I opened a buy on the EUR/USD today at 17.04 at 1.3950. H1 was in agreement. SL was 1.3931 and TP was 1.3960. I have to use a stop loss since I'm at work and I might not be able to monitor my trade, but no matter since it never even began to go in my direction anyway. 15 minutes go by and I loose almost 3 times what I barely pull in on a good trade. for every 10 pips I win, I lose 50 or 60. I don't even care about the money anymore. What matters now is learning and doing it right, and making a good trade once in awhile. Just a little success.

F X 09-11-2008 02:09 PM

Adding fibs to TRO_SS_RR
 
Hey TRO,

Would you add the following fibs to the TRO_SS_RR
extern double iLevel6=1.00;
extern double iLevel7=1.214;
extern double iLevel8=1.1618;
extern double iLevel9=2.00;
extern double iLevel10=2.618;

There is something I am not doing correctly to get the lines to project correctly on the chart.

Thx, FX

metalorn 09-11-2008 02:22 PM

Like others here I'm devastated. I thought I was calling the good trades but everything went down today. I'm about to blow a us$3,000 account and all I'll have left is $500. I'll get back on the street looking for a job.

TheRumpledOne 09-11-2008 03:02 PM

Quote:

Originally Posted by F X (Post 67388)
Very Good TRO,
I did move the stop when price moved up, so a 1pip gain.
Trades are executed in the direction of the 1H Bias..got that.
For entries, it the original entry is missed and price does not retrace to that entry point, but continues in the direction of the 1H Bias, do you advocate enter the trade along the way; if so, what are the guidelines, if not way?

Regards, FX

NO.

Learn to WAIT for your entry.

TheRumpledOne 09-11-2008 03:04 PM

Quote:

Originally Posted by ewokuk (Post 67390)
i have a question about the 1h bias. is the bias based on the current hour (which may only be 1 minute old for example so isnt worth much weight) or based on the previous hour?

H1 Bias is based on the current H1 open price and the previous H1 candle's midpoint.

TheRumpledOne 09-11-2008 03:13 PM

Quote:

Originally Posted by Shane (Post 67458)
Made this today as an effort to construct a Support/Resistance detector. It seems to move a bit too quickly to be of any use (esp with GBPJPY) but i'll post it here anyway. Perhaps someone may be able to modify it to be more user friendly. ;)

http://i34.tinypic.com/2w1yy47.gif

It displays a total count of fractals over multiple time periods for the current price +/- 5 pips.


(BTW, I am rather inexperienced at programming, so the code is probably not as efficient as it could be).
Feel free to use, modify, delete....etc

http://i38.tinypic.com/3599shl.gif

NICE WORK!!

I did something similar but as a gauge rather than a dashboard and I used the high/low of the candle rather than the fractal.

As far as efficiency goes... use arrays, lot less coding and easier to change the x/y coordinates.

TheRumpledOne 09-11-2008 03:37 PM

1 Attachment(s)
Quote:

Originally Posted by dragon33 (Post 67475)
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 allready. Calculate the average of the last (choose your number) red candles.

http://i38.tinypic.com/30muaua.gif

You're using the candle color multi meter, too. At least it's on your chart.

Thanks for sharing your idea.

I enhanced the TRO MULTI METER IND2 so you can specify price.

I attached the NeverLoseAgain zip file with the updated indicators and the indicators that others have posted.

TheRumpledOne 09-11-2008 03:45 PM

Quote:

Originally Posted by dragon33 (Post 67505)
h1 And D1 Were Still Red. These Are The Big Trades. if I Do This Then As Soon As I Am In Profit I Put A Sl At +5 Pip. I I Am 3 Candles Far I Put Sl On The High Of Two Candle Back.

Now Here's Someone Who Is Putting Their Own Trading Plan To Work!!

They Are Managing The Money.


Your Grade:

A+

TheRumpledOne 09-11-2008 03:50 PM

Quote:

Originally Posted by daedalus (Post 67534)
I thought the original intent of that indicator was to scalp short into the blue support dots and scalp long into the red dot price levels... that doesn't seem to be what you guys are doing?


You SELL SHORT at the go Short line.

You BUY at the go Long line.

Those are the entry trigger lines.

You have to make sure the BIAS (H1, D1 candles) is in your favor BEFORE you enter the trade.

dragon33 09-11-2008 03:54 PM

Quote:

Originally Posted by ewokuk (Post 67549)
what made you short it there? it hadnt triggered a sell by bouncing off the resistance line and had a green bar and uptrend just before it, if anything i would have been going long.

you have exactly the same charts open in mt4 that i use, i managed to lose one after another all day so you must be understanding the indicator differently than me somehow.

those are really bad spreads as well, 5 pips on eurusd :eek: and still lots of profits while im losing.

i will look at other brokers but the 400:1 leverage is all thats allowed me to continue with so little left in there, and i have no intention of putting another penny into it until i am consistently profitable. would have looked at MBT but their platform is something out of the stone age, i couldnt stand it with the demo.

It was again at the end of the hour i waited just until the H1 was red.
Did the trade and the profit you did see on the platform.
It is really simple but you have to be quick


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