Never Lose Again

[nickohorny]

Hi bettlebox, thanks for the reply, what you posted looks very interesting so thanks for that,.

I still cannot help but wonder though - in my posted chart - the trader was told his entry should of been 189.75 not the candle after at 190.00

However, there was never ANY way of telling that his entry at 189.75 could of done EXACTLY what it did at 190.00 and REVERSED thus killed him out.

This is what I can't grasp, he is told it's OK to go long there, but not candle after, both to me are in a wave GOING UP. You could SAY that 189.75 looked too late to enter really.

Hmmm my brain hurts today!

[Captain Pugwash]

Hi Nick

My take on it is that the two suggested entries were the first rat entry after a pullback ( therefor not buying at the top - just like beetlebox posted in his diagrams.)

They were also entries where support became resistance - and the second entry suggested was a zero line retracement - killing those traders who did not take their profit, and moved there stop to BE.

But I am here to learn as well - so would be happy to be shown the error in my thinking.

[bettlebox]

ahh i see now, those Dots on the chart are dynamic SR dot (blue and red dots) they have a dynamic trigger line that isnt plotted. See the the dotted lines (189.50 signal to go long and 190.14 signal to go short) for current S/R dots, those levels stated by TRO would of been the trigger lines at that time and price level, hence why the strange enter prices.

TRO wasnt Talking about RAT trade but the trigger line for dynamic fib SR indicator.

BB
Its 187.75 and not 189.75

Hi bettlebox, thanks for the reply, what you posted looks very interesting so thanks for that,.

I still cannot help but wonder though - in my posted chart - the trader was told his entry should of been 189.75 not the candle after at 190.00

However, there was never ANY way of telling that his entry at 189.75 could of done EXACTLY what it did at 190.00 and REVERSED thus killed him out.

This is what I can't grasp, he is told it's OK to go long there, but not candle after, both to me are in a wave GOING UP. You could SAY that 189.75 looked too late to enter really.

Hmmm my brain hurts today!

[bettlebox]

that be little 5min MoMo that failed traders thought price going down oops no we going up .

Hi Nick

My take on it is that the two suggested entries were the first rat entry after a pullback ( therefor not buying at the top - just like beetlebox posted in his diagrams.)

They were also entries where support became resistance - and the second entry suggested was a zero line retracement - killing those traders who did not take their profit, and moved there stop to BE.

But I am here to learn as well - so would be happy to be shown the error in my thinking.

[pp2]

My 2 yuan



EDIT: ignore the purple type at the utmost top of pic which is a mistake, I'm too lazy to edit

Can i suggest we don't add more to this legendary lengthy thread as I feel it's going to explode soon. Let's start KRESLIK NLA PART 2!

[Captain Pugwash]

Can i suggest we don't add more to this legendary lengthy thread as I feel it's going to explode soon. Let's start KRESLIK NLA PART 2!

Sounds a good idea! - This is the only thread I have difficulty accessing new posts - I cant understand why that is, but many days NLA just wont load

[trendfriendpa]

Will someone tell me what the following mean

M1
w1M4
M15
M30
H1
H4
W1
MN1

If I understand the theory behind BuyZone - you take the average difference of the open/close of the 1st 1min bar divide by 2.
Then add this difference as a plot line above the opening of the bar and then add a second plot line double the difference above the opening of the bar.
Do the same for the close of the first bar but subtract the difference once and plot a line and then double the difference and plot a second line below the close of the opening bar.

Please enlighten me if this is not correct.

[PebbleTrader]

They are different time frames or ways to compress trade OHLC data.

[TheRumpledOne]

Weekly Gap Trade... nice way to start the week!

[TheRumpledOne]

Apply this to your trading:

http://robertringer.com/the-human-machine/