2008.12.18 Trading plan

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chip
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Postby chip » Sat Dec 27, 2008 1:58 pm

Avery,

What all indicators are you using there?
I see TRO_PIVOT_DOTS.....
what draws the red/blue dots?
what about the meter showing CAN & Pivot?

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chip
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Postby chip » Sat Dec 27, 2008 2:00 pm

Also, is that your actual trading plan? Just one of many trading plans?

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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 27, 2008 2:53 pm

chip wrote:Avery,

What all indicators are you using there?
I see TRO_PIVOT_DOTS.....
what draws the red/blue dots?
what about the meter showing CAN & Pivot?


Red/Blue - TRO DYNAMIC FIBS SR

Meters - TRO MULTIMETER CANDLE COLOR and TRO MULTIMETER PIVOT
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Sat Dec 27, 2008 2:54 pm

chip wrote:Also, is that your actual trading plan? Just one of many trading plans?


That is an actual SCALP TRADING PLAN.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby chip » Sat Dec 27, 2008 4:04 pm

Thanks!
Do you have a similar written plan for once your in this trade? In other posts there are discussions of a 20 pip s/l & 6-7 pip t/p. Is that what you use here?

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Postby prochargedmopar » Sat Dec 27, 2008 6:43 pm

TRO,
Will you please explain the TRO MULTIMETER PIVOT.
Thanks.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby TheRumpledOne » Sat Dec 27, 2008 11:17 pm

chip wrote:Thanks!
Do you have a similar written plan for once your in this trade? In other posts there are discussions of a 20 pip s/l & 6-7 pip t/p. Is that what you use here?


LOL... I just didn't type it all out.

After I enter a trade, I usually don't have a problem taking money.

The plan ON SCREEN prevents my itchy trigger finger from entering too soon.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Sat Dec 27, 2008 11:20 pm

prochargedmopar wrote:TRO,
Will you please explain the TRO MULTIMETER PIVOT.
Thanks.


Explain?

It calculates the pivot, (high + low + close)/3, for each time frame.

If price is above pivot then aqua bar.

If price is below pivot then magenta bar.

Go with the flow.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby prochargedmopar » Sun Dec 28, 2008 7:35 am

Thanks again,

I'm very new.
I did take your advice that was in your free "Big Picture" e-book. This past week so far I've read "trading for a living", Half of "why smart people make big money mistakes" and I'm currently reading the post http://elitetrader.com/vb/showthread.ph ... genumber=1
"Trading in the Zone" arrived today and I'll read it this week.
Cheers and Happy New Year.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby pineapples » Sun Jan 18, 2009 3:27 pm

TheRumpledOne wrote:NO change.

NO trying to call tops/bottoms.

Still trading with price and not against it.

LOOK AND YOU'LL SEE.


I stand corrected. I see the price has to move to your entry point in the same direction. However, to keep it simple, why not just use the blue-dot-candle open or high as your scalping indicator?

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