Kreslik.com - traders community since 2006

Gangsta May I suggest that you develop a written trading plan with entry rules clearly defined.... I sense that you are confused as to long or short and a well researched plan will help you immensely. This system is confusing until you see what it is....... there are many variables, it can be as com...

I put the template on several pairs tonight....... looking at them altogtether, I am finally starting to see what OPPORTUNITY means regarding all of them

I had been in the habit of trading one pair only

This is a pretty exciting approach.!

Kudos..

You just have to catch the OPPORTUNITY ... that made a huge gain today

Looks like it is posted at a similar time each day.

A person could make his target on that one signal.

5 minutes can be eternity.!!

Certainly as mentioned above, price action is key to all decisions, the indicators are indications of what the price bars are doing. TRO has tried to make this thing easy to follow but the price bars are what makes things happen. You can believe that he does not require much in the way of indicators...

When the market is not demonstrating a clear trend, it is sometimes hard to decipher the signals. It is then handy to have the 60 minute chart and perhaps back the 5 off to a 15. The 5 gives more entries,however, the signals are clearer on the higher TF. I am not so sure that you should limit your T...

Great.

Thanks for your help....

bredin wrote:I should add that with some knowledge of s/d or zlines you will know when to "shoot for a runner" and how far to shoot for

Cheers
G

Hmm, I sure hope I havent just gone to YALE....

Can you elaborate on 'zlines', please...

Thanks

Because we are subjective with our entries and exits, I would think that we would have to actually keep statistics on our own entries in order to generate a summary.

Perhaps replaying a month's data in a trade simulator would give something that is closer to valid.

I located one I will post the url

http://transcripts.fxstreet.com/2008/07 ... -fore.html

TRO seems to base a lot on S/R, these videos might be quite helpful to learn from.

Hopefully is ok to post that URL in here, delete the post if not.