Post here how you use TRO_DYNAMIC_FIBSSR - I'll start

[Susana]

I'm a futures trader, particularly a scalper.

Basically I wait for price to hit support or resistance twice and try to get in within 1 tick of the support/resistance area.

For example...

If support is 800 (ER2), I will try to buy limit 800 or 800.10 max, with a stop at 799.90 (MIT). Target is 800.50 (MIT). Very simple.

If I see a stair like effect on support or resistance I usually stay out until things consolidate a bit or try to jump on the winning side on a pullback or retracement.

The losses are ultra small, the winners twice as big (minimum) and I'm always with the micro trend.

I don't use any other TRO indicators because I cant' seem to enhance my tactics with the others.

If you got tips on how to do, please do so. Also chip in with your TRO_DYNAMIC_FIBSSR tactics.

Thank you and enjoy the weekend.

Oh and as always, thanks to TRO.

Susana

[TheRumpledOne]

If you are using a 1 min chart, wait for the dynamic support to "push" down "hard" 3 times.

A "soft" push is when support is pushed down to a new level on a candle and down again on the next candle.

A "hard" push is when support is pushed down to a new level on a candle and stays at the same level on the next candle.

If you can wait for this, the price will usually retrace 23%, 38% or 50%.

If you like using 5 min candles, then if price going down and pushing against support, wait for the candle to close. You can trade the next candle. Wait for the price to cross the previous candle's midpoint.

You'll get a feel for this as you're trading.

Also, check the distance between support and resistance. When it is "wide" enough, you can pick up the ticks easier. Checking the distance between support and the 23% fib dot will let you know when your chances of making 5 ticks are almost a "lock".

HTH.

[Susana]

A "soft" push is when support is pushed down to a new level on a candle and down again on the next candle.

A "hard" push is when support is pushed down to a new level on a candle and stays at the same level on the next candle.

HTH.

TRO,

Funny the way you describe it. The hard seems like the soft push and the soft sems like the hard one.

Hard Push = same level on the next candle ?
Soft Push = down again on next candle ?

I'm missing something

Susana

[TheRumpledOne]

Just a naming convention.

To me, when the dots are HORIZONTAL, that means price hit a "HARD" wall of resistance.

When the dots are staggered, that means price broke through "SOFT" resistance.

That's why I look for HORIZONTAL support/resistance to trade a retrace.

[Susana]

TRO,

Got you. Thank you for sharing, hope others jump in

[TheRumpledOne]

Susana:

There is really not much else to tell. It's trading as simple as it gets.

The other part is when the distance between support and resistance narrows... sooner or later, you'll get a breakout ( soft push ).

[Susana]

TRO,

As simple as it is, I think its your best

[eudamonia]

If you are using a 1 min chart, wait for the dynamic support to "push" down "hard" 3 times.

A "soft" push is when support is pushed down to a new level on a candle and down again on the next candle.

A "hard" push is when support is pushed down to a new level on a candle and stays at the same level on the next candle.

If you can wait for this, the price will usually retrace 23%, 38% or 50%.

If you like using 5 min candles, then if price going down and pushing against support, wait for the candle to close. You can trade the next candle. Wait for the price to cross the previous candle's midpoint.

You'll get a feel for this as you're trading.

Also, check the distance between support and resistance. When it is "wide" enough, you can pick up the ticks easier. Checking the distance between support and the 23% fib dot will let you know when your chances of making 5 ticks are almost a "lock".

HTH.

Avery,

This was what I was trying to do last week but I needed that filter. I love the idea of the "soft" and "hard" push. This gives me some new ideas. Thanks!

Edward

[TheRumpledOne]

filter?

[eudamonia]

Avery,

I was trying to trade this without waiting for a "hard" push.

Edward