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Hey TRO as you can see it is working for me. Thanx again for learning.
In which indicator is H1 bias?? Is it usefull? I am doing well now. I just need to find another broker, my spreads are to big. I tried the EFX group but it is difficult for me because i am used to a very simple platform from Myprivate trade. If i have smaller spreads i can take even more trades. |
The
only success I have ever had with any of Tro's ideas is the one he
spent least time talking about. That was, drawing horizontal lines at
.00/.25/.50/.75 During days with no news it works really well. If I get
a green bar on a line, I wait for a red bar to break past the green
bars lower wick. From there my scalp trade is in play and I take my
profit when it looks like its fallen the average all the other red
candles on the screen have. I usually play it safe and get out a little
earlier. Max I am in is probably 2-4 minutes. Today, however, with the
French non-farm payrolls out and some news out of Italy I couldn't find
a moment where it worked. HOWEVER it was a good day for fundamentals if
you got on the NZD/USD. New Zealand lowered their interest rate again.
P.S. I have read over every post TRO posted on this thread, it took me over 3 hours to read all of it whilst testing all of the indicators uploaded. I have come to the conclusion that the FIBS SR is a really dangerous indicator (in my humble opinion) The dynamic adjust really scares me. Yes price is dynamic, BUT it's also a stretch to say it works every time when... that's what its programmed to do. Dynamically readjust to justify it's existence, some what like a virus does to become immune to medication. However, when used in conjunction with some basic S/R knowledge it becomes helpful, NOT the S/R levels that are given from the FIBS. This is not a slam against TRO, some of his ideas are great in concept, but when I put them into practice I have not had success with them. I did enjoy reading through the posts and enjoyed experimenting with the indicators, thank you for that. I did have a couple of arguments for you. You say price knows no direction/trend. This is an unfair argument. Price knows nothing, it's a concept. HOWEVER, price is controlled by human beings whom can see slopes/trends by simply----(OBSERVING!!!!) By your argument, if price was... dumb, then price could be theoretically 1.3999 today and 2000.3293 tomorrow. yes 2000 Euro, YET history has not yet shown us that this is possible. Those who do not learn from history are doomed to repeat it. |
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When will you traders learn to trade with ECN brokers only? |
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I use the MARKET DEPTH (LEVEL II) window to place my trades. NO, they don't have MT4 charting (yet). Just use a fixed spread bandit's MT4 demo platform for charting! The quotes are close enough AND once you learn how to read the differences, you'll have a HEAD'S UP on which way the market is about to move. |
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WAIT. WATCH. OBSERVE. SEE. YOU HAVE MISSED SOMETHING!! Also, trading while at work when you can't focus on YOUR MONEY, is NOT a very smart thing to do. |
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dragon33 is collecting pips and so is bearpaw. These traders are showing your their charts and methods. You should be able to SEE what they are doing so you can do the same. IF YOU CAN'T SEE IT, YOU CAN'T TRADE IT!! |
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Also, the TRO SR RR has bias code inside. |
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That has its own thread. I have come to the conclusion that the FIBS SR is a really dangerous indicator (in my humble opinion) The dynamic adjust really scares me. Yes price is dynamic, BUT it's also a stretch to say it works every time when... that's what its programmed to do. Dynamically readjust to justify it's existence, some what like a virus does to become immune to medication. TRO DYNAMIC FIBS SR is not one of those "repainting" indicators. It moves in real time with the price. If you watch it, you'll see when support is getting pushed down or when resistance is getting pushed up. I don't expect everyone to agree with everything that I post. There's room for healthy debate. We all benefit. Thank you for being polite. |
dragon33 TRADING METHOD
http://i38.tinypic.com/10mtu2o.gif 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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my current (or ex broker since my account is now empty) doesnt use mt4 either, not bothered about that. broker isnt going to help me place winning trades either way, im clearly not seeing something that dragon33 is seeing. from the looks of it and what he said, i dont think hes even using the SR indicator, hes just looking at the price but i still cant see it. like i said on his last trade, if anything i would have been going long not short on it, price just went up by 150 pips over the previous 3 hours, then a red bar, then a green and i would have gone long from there thinking it would continue up, instead it drops 50 pips. ok he waited for it to go red, which would have only taken 1 pip as it was the start of the hour, do you know how many times today something has gone red or green for a couple of pips and then i place a trade only to see it fly the other way? it makes absolutely no sense to me what so ever, in theory i could flip a coin and win half my trades so how is it i manage to lose almost all of them, except the odd lucky one apparently. |
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Save your 500.00, go to demo and start gaining consistency. This isn't an overnight gig so don't get down on yourself. But you put up too much too quickly and its not that easy! Trading is simple - not easy! |
from Mexico
If
trading was ALL so easy and everybody knew how to take the correct
trades all the time, then there would be no business anymore for the
brokers.
All the so called screamers that seem to do well are merely even trading on demo. The ones that are making the big bucks don't brag about it, I wouldn't. You think I am going to teach my competition on how to do better......just my present thoughts. |
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Luke, you better get dem dere squiggly lines off of Boss TRO's chart!! |
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my eyes are finally healing but even a blind man can see this method works. For those of you who are ready to give up please don't you owe it to yourself to learn to use these pearls of wisdom to make you money. Think of them as tools in your trading tool box and yes keep it simple. I think trading with the h1 and d1 bias is insanely simple and that is why it will work for us. tro I saw the forbidden kingdom this weekend wow great movie. I saw your monk story about the cup that is already full and I think it is a perfect analagy for this trading. If we don't empty our minds of what we think we know we can never make room for more and therefore we are destined to stall right where we are as traders. dragon33 thanks for all the great posts keep it up!!! |
Sorry, but this is really confusing to me. "If H1 never turn green..." that means the price didn't go up, "... I take a new short if it breaks last resistance..." well, how can it break resistance if it didn't go up? does he mean "support" ??? !!!
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Please, tell us what YOU SEE!! I see RED CANDLES pushing down support and then a BLUE CANDLE rises upward. Hmmmm... could it be as simple as waiting for a BLUE CANDLE to form off HORIZONTAL SUPPORT? CAN YOU SEE THAT? TO BE CONTINUED... |
WHAT IS THE DIFFERENCE THAT MAKES THE DIFFERENCE?
Some people are finding success ( some for the first time in their trading lives ) since reading this thread. Some people are LOSING since reading this thread. Can't be the thread. WHAT IS THE DIFFERENCE THAT MAKES THE DIFFERENCE? Some people are using the methods and indicators and raking in more pips than ever. Some people are using the methods and indicators and have almost blown their account. Can't be the methods or the indicators. WHAT IS THE DIFFERENCE THAT MAKES THE DIFFERENCE? What is it that one person does that the other doesn't do? What is it that one person doesn't do that the other person does? What is the difference between success/failure? WHAT IS THE DIFFERENCE THAT MAKES THE DIFFERENCE? What does one person see that the other doesn't? What does one person fail to see that the other does? What is the difference between profit/loss? WHAT IS THE DIFFERENCE THAT MAKES THE DIFFERENCE? Where does the answer lie? TO BE CONTINUED... |
WHAT DO YOU SEE WHEN YOU LOOK AT A CANDLE CHART?
Show a candle chart to a 7 year old and ask them what they see. They may say something like this: "I see some boxes. Some are red. Some are green. Some are bigger than others. Some have lines stick out the top and/or the bottom. Some boxes are higher than others. Sometimes there is a bunch of red boxes in a row then there are a few green ones." THAT IS WHAT THEY SEE!! IS THAT WHAT YOU SEE? OR DO YOU INTERPRET WHAT YOU SEE? DO YOUR INTERPRETATIONS PREVENT YOU FROM SEEING WHAT IS REALLY THERE? TO BE CONTINUED... |
WHAT DOES A RED CANDLE MEAN TO YOU?
WHAT DOES A GREEN CANDLE MEAN TO YOU? Please copy the questions and post your answers. |
WHAT DOES A RED CANDLE MEAN TO YOU?
price went lower WHAT DOES A GREEN CANDLE MEAN TO YOU? price went higher Quote:
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To many people are complicating it or maybe they are to impatient I don't know. |
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To me, A green candle means the price is/closed higher than it opened. A red candle means the price is/closed lower than it opened. |
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the green (blue) candle means price is higher than when it opened it really is soooo simple!!!! |
If
I wasn't seeing SR_RR, I would have taken this buy at 1.4585, because
the price is going up, 1H and 1D are green. But then the price went
down. So, what am I not seeing / using right? for me it's a valid
trade, but it proves me wrong.
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Some of you may like the results dragon33 has had. I added the TRO_TUNNEL indicator into the zip file. The updated TRO_MULTI_METER_IND2 is also included. But, you have to CHANGE THE INPUTS to get the 50 EMA of the HIGH and LOW. |
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THAT'S WHAT YOU NEED TO LEARN TO DO... NOTICE!! |
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I'll wait to hear your answer before I continue. But, it looks like the long entry was a few bars ago. Also, if you are having problems with UNPROFITABLE ENTRIES, move up to M15, M30 or H1. |
if You Are Having Problems With Entries Then Post A Chart Before You Enter The Trade.
Then We Can See Exactly What You Were Looking At And Perhaps Figure Out What Would Help You To Trade Profitably. |
Metalorn explanation and my understanding.
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I am kind of learning as I go by checking out the code of other indicators and then looking up the dictionary/help file. I must say that I am really starting to enjoy this. (hmmm...does that mean I am becoming a geek?) The only problem is: more time "playing" = less time trading. |
I've
only read up to page 30 in this thread, but already I'm starting to
think that this is one of the better indicators I've tried out. 4 out
of 4 trades on the EUD/USD won for me, and I literally sat down at the
computer 4 times between jobs to do some quick analysis. Placed my SR
and RR using the last 21 bars, placed my go long and go short lines. In
a couple of cases I waited and adjusted the lines accordingly. In the
others I was lucky enough to catch a trade straight off the bat.
As I'm only going for 10 pips a day, this looks brilliant. Time will tell though.... Oh and thanks TRO for posting this, albeit in a very drawn out (but still interesting!) fashion :D |
Sorry,
yes, I meant 1.7585. The last bull candle was full and rising when I
opened the chart and I thought I could use it as an example of a trade
I would do based purely on 1H and 1D candle.
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thank you ivirus006. I agree with your comments.
I wanted to point out that if the tro_sr_rr indicator was not there, I would have enter a BUY at 1.7585 when the bar was rising. On Sept. 10th I made 7 winning trades on the EURUSD based only on the 1D and 1H candles, but on the 11th, it didn't work. I'm trying to find out why. Quote:
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hahah! now I understand man! same thing used to happen to me. Thank you for your reply.
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Hey guys,
I want to tell you my story again. If you have read the whole post you know i need the money because of the illness issues with my little daughter. I am trading live for a year now, actually it is 1.5y but the first 6 months i blow my account with 1250 euro, money i needed hard. My thing was if some people can do it i can to. So i funded my account again with 2000 euro money i couldn't miss. But hey thats me i like taking calculated risks. I have a good job so why not i can cover that money in about 3 months paying all my other bills. Then i started with demo something i never did before. When my demo was going the right way i went live to. That way i was able to make 800 euro in a year. Not bad because the bank don't turn such interests on 2000 euro. Then i came across this thread. Read it and again and ... This was amazing such view of forex i never read it before. Then i started thinking and used my healthy brains. (at least i think they are healthy) What if there was some truth in this topic. I tried to make contact with TRO and told him the above story and he invited me immediately in his chatroom so HE IS REALLY A GOOD GUY in my eyes. I asked other people for help but no-one took action and TRO did. That ment a lot to me. The stupid thing was i never made contact because i am a little shy and English is not my mother language so i am always scared i don't understand what people are saying. So i read the topic again and started trying. The only mistake i did was trying for real but hey thats me again. Real money sharp my focus. It worked from the very first time 2 pip 5 pip and after a few trades even better. You all know i have a spread of 5 so there is a lot of money to take before i am in profit. I am still learning but the last week i made more money then in a year so i am very excited now. LEARN TO TAKE 2 OR 5 OR 7 PIPS THE REST COMES LATER. All i want to say is everything is in this topic. If you don't get it read again. Ask the things you don't understand. Tro's way of teaching is that way you have to think yourself. You must SEE it, we can't do it for you. We only can point you in the right direction. If you SEE IT YOU GOT IT it is really that simple. Happy trading and learning everyone |
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What do those up arrowheads under the support line mean? Why are they only under the support line, only "up" arrowhead (vs no "down" ones), and what do the different colors mean? Thanks :) |
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The way I understand it is that if a large enough portion of people started using the same system which produced a signal: "buy LOL/USD at price X. With everyone buying at X demand increases, supply inversely decreases, therefore the price would go up....which is what you would want (if indeed your goal is to profit). Therefore your "competition" has in fact become your teammate. Or is my logic flawed? Besides that, I don't think that any one of us (or even all of us here combined) could make a big enough bang to influence a >$2,000,000,000/day market. I'm not trying to be a smarta**, I'm just curious about why you think that way. |
The
red arrow is where TRO places a resistance line. The blue arrow is the
bar TRO uses to place the support line. The other one is 21 bars before
the current bar (what he has refered to as "bar 0"). In that chart it
looks like he hadn't updated the support and resistance lines yet (not
sure why).
This is what I've gathered from the thread so far (sorry if this jumps the gun TRO, but you've outlined all of this over the course of the first 30 or so pages). Over the past 21 bars, place your resistance line at the highest point. Place your support line at the lowest point. Place your go long and go short lines at the pivot points of the bars that you used for the support and resistance lines (pivot point is (high+low+close)/3). Go long when "bar 0" opens below the go long line and moves above it. Go short when "bar 0" opens above the go short line and moves below it. Set your stop loss at a pip or two above the support/resistance line depending if you're going long or short. Set your limit 10 pips from your entry. Alternatively, don't set a limit and move your stop loss up as price moves up to try and catch the bigger moves. I haven't tried this yet. I'm very happy with 10 pips a day, your account can grow pretty quickly with this kind of consistent profit. Very very simple technique, but seems to work (so far on my demo account). Back testing it is alot of work though, you can't just turn on some indicators and look for crossovers etc. You have to manually move lines around etc. I don't use MT4, so I haven't tried the algorithms that TRO has posted. |
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