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Both times I placed the buy, then the price retraced and stopped me out. I traded with the 1H but still didn't profit.
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what SL did you use?
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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. |
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 |
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. |
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. |
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 ;-) |
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:
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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. |
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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 |
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. |
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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 |
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. |
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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.
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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
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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!!! |
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??? |
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No, I went short at 1.3893 when all signals were indicating to go short.
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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?
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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. |
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.
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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. |
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Take another broker |
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 |
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. |
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. |
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 |
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.
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Learn to WAIT for your entry. |
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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. |
1 Attachment(s)
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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. |
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They Are Managing The Money. Your Grade: A+ |
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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. |
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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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