Kreslik.com - traders community since 2006

TheRumpledOne wrote:

OPPORTUNITY...

Hey anyone, which TRO indicator is this in the "OPPORTUNITY" posts?

Was that last trade an H1 reverse or a D1?

I'm starting to see what TRO means regarding fixed spread brokers.
Many of his strategies (such as DTB and DTB RAT) aren't tradable on fixed spread brokers but only on ECN brokers.

Hey TRO were you looking for the specific pattern of a red close then a green close? Or could it have been a green close, then a green close within 20 pips of the low?

I'm starting to think that the key to successfully trading this is to sit there with your finger over the "close trade" button as soon as you're filled. My observation has been that once the trade moves into profit, even if it's only 1 or 2 pips, you have to be ready to close it. If it sta...

Frankly I don't routinely use it and never really believed it. But I have a friend who trades stock options and swears by it. He does all his wave counts by hand.

Hey TRO,

"Ready" means that HiCl<20 or ClLo<20
"Set" means a green bar closed for ClLo<20 or a red bar closed for HiCl<20
"Go" means price is above the closed green bar's high or is below the red bar's low.

Is this basically it?

Believe me, it's hard. I've been working on my own Elliott Wave analyzer for my own use. The devil's in the details.

Elliott Wave analysis is very complicated and also rather subjective.
Writing software to do even a basic 1-2-3-4-5-A-B-C analysis is difficult which is why there are so few Elliott Wave vendors and why it's so expensive.

Hey TRO I noticed that on your "OPPORTUNITY" screen caps sometimes one or more pairs have an asterisk * (like GBPUSD above).

What's that indicate?