DRAIN THE BANKS!!
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jtbo wrote:Thank you for a great thread. I have been partly successful with another system as well but need another one to diversify.
Could someone please explain two things:
1. Post a picture of "M15 chart for the long(light blue) and short(pink) triggers based on TRO DYNAMIC FIBS SR TRAIL indicator" Since I cant actually find them...sorry for this..
2. What are the brown and green crosses drawn on the chart?
I will use the weekend practicing![]()
JT
foreman01 wrote:Here is the short form
After the "semaphor" (wingding character 1, 2 3) there is a line below or above it by about 5 pips. That is the entry point -- of course, you are going opposite of the semaphor.
The X characters are indicators that profit taking is occuring. when happening just before the semphor or at the same time they are a stronger signal of the upcoming reversal.
Of course, it may not reverse and so you have to be prepared exit, or have a stop loss in place
edit: sorry Jtbo, I see that you made another post to disregard your question -- dont know why it didnt show up on my screen until after I posted