TRO,
I am using the Middle with EURUSD 60min and the 5 min. I am letting the current bar cross the mid point of the prior bar on the sixty min then going long or short as the case may be. I am getting whipped. I am a quick start person (if interested see Kolbe.com) I want to scalp for pips and slowly build up my account so I can double my pips when able etc.
You mentioned that you use the dynamic S/R and TRO Control along with the middle indcators. I need help. Any suggestions on how to keep from getting whipped.
Regards,
Jimmyj
TRO Help! I getting whipped on Middle Indicator
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- TheRumpledOne
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1) Always post a chart showing what you are talking about
2) I don't know if you are on TradeStation or eSignal. In either case, use Dynamic_SR2 and buy at/near support and sell at/near resistance.
3) You enter AT the midpoint not before, not after. You always go long on a green candle and always go short on a red.
2) I don't know if you are on TradeStation or eSignal. In either case, use Dynamic_SR2 and buy at/near support and sell at/near resistance.
3) You enter AT the midpoint not before, not after. You always go long on a green candle and always go short on a red.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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- TheRumpledOne
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- TheRumpledOne
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This looks simple...
You go long when it crosses the previous middle. ( Remember the current middle with be the next previous middle - so sometimes you go long on the crossover - does this help?)
You go long off of horizontal support.
You only go long on green candles.
You only go short on red candles.
I am not sure where you are having a problem?
You go long when it crosses the previous middle. ( Remember the current middle with be the next previous middle - so sometimes you go long on the crossover - does this help?)
You go long off of horizontal support.
You only go long on green candles.
You only go short on red candles.
I am not sure where you are having a problem?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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LOL... those are TWO SEPARATE ENTRIES...
But, let me try to be a little clearer....
Whatever was touched last, support or resistance, is what you are "entering the trade OFF OF".
So if the price last touched support and you buy at the middle ( green candle ) you are buying "off support".
-------
You can buy directly off support ( green candle ) ... a little risky, as always, it can reverse.
You can buy at the middle crossover... less risky. Buyers have moved the price up.
You can scale into the position this way.
HTH.
But, let me try to be a little clearer....
Whatever was touched last, support or resistance, is what you are "entering the trade OFF OF".
So if the price last touched support and you buy at the middle ( green candle ) you are buying "off support".
-------
You can buy directly off support ( green candle ) ... a little risky, as always, it can reverse.
You can buy at the middle crossover... less risky. Buyers have moved the price up.
You can scale into the position this way.
HTH.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
the middle trade indicator has a magenta line and an aqua line. i am not clear on the purpose of the two lines.
in realtime i got a clicking alert when the red (resistance line i believe) moved down below the previous red line and at that time the aqua line turned magenta--i am thinking that signalled a short entry? but i am not sure.
this happened on the red bar at 14:30 in the attached esignal screenshot. this is 3min day only YM.
in realtime i got a clicking alert when the red (resistance line i believe) moved down below the previous red line and at that time the aqua line turned magenta--i am thinking that signalled a short entry? but i am not sure.
this happened on the red bar at 14:30 in the attached esignal screenshot. this is 3min day only YM.
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