2009.03.08 THE DRAINING CONTINUES...

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noone22
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Postby noone22 » Fri May 08, 2009 12:16 am

Fxtraveller wrote:whereas trading just WITH H1 gives about 80% win / 20% Lose


OK, I see now.
Thanx for detailed explanation.
Of course, trader of DTB system must remember H1 rule.

If your profit loss and targets are exactly the same,
should you've switched to M15 chart - then it makes sense.

But probability and statistics, that semafors patters
appearing more frequently and are more reliable on H1 chart,
as compared to M15 chart (and this was the reason of my question)
are not known for sure (in general). From your experience,
you arrived to preference of H1 charts.
I never traded H1 charts and cannot compare on them.

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TRO SR RR

Postby Fxtraveller » Fri May 08, 2009 2:54 pm

EUR/USD. H1. Rally up from 3252. The Original H1 Go Long Trigger was not at 3296 though, but at 3263 because the indy is dynamic and later had made a new high at 3468. But I got in earlier using M15.
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For some very obscure reasons even to myself, I wait for H1 to make new High/LOW, but try and use M15/M30 to jump in earlier. If Candle opens already above the trigger line, then trade the trigger on H1.

I did not trade the move down because the candle a
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TRO SR RR

Postby Fxtraveller » Fri May 08, 2009 3:04 pm

Here is a trade on a M15 and where you actually can see the proper trigger. You would not enter a trade at 23:15 (first candle to cross the trigger line) as this would be against H1, but you DO enter at 00:00 when price crosses for the 2nd time as this would be with the H1 candle
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Fxtraveller
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Postby Fxtraveller » Fri May 08, 2009 3:10 pm

Simple H1 USD/CHF but stayed out. Trade taken after price calmed down after BOE king opened his mouth at midday london time. I stayed on the side on this one, price was just acting like a mad monkey on drugs, LOL :D 10-12 pips could have been taken before the H1 that triggered the line was closed. More if one has guts.

P.S. please ignore the Buy order at the top of chart, that is a type of trade that I allow to go hundreds of pips against me without risking nearly anything. If it does go against, then another Buy Limit 500- 800 pips further down. I am a (careful) falling knife catcher aiming for extra 5-8 % a month on my account.
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Postby Fxtraveller » Fri May 08, 2009 3:26 pm

A reversal on all 3 pairs at roughly the same time, but out of all 3 pairs, I could only trade GBP/USD, because the candle opened before the trigger line.

I wait for the candle that makes new High/ Low to close, and next one to open. If its already 5-10+ below the trigger (in this case)- then its too late for me.
(could not find find TRO's comments regarding these situations so had to add this little rule myself).

Beautiful system, no need to think, just act. Maybe I should train my biologist girlfriend to do this while Im away at work, haha :D so many more charts can be posted of trades that I missed by not being there....

Hope this material isnt off topic, Its also DRAINING, but TRO SR RR style :)
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Postby Fxtraveller » Fri May 08, 2009 3:39 pm

Again, please ignore the buy orders at top, have nothing to do with TRO SR RR.

Trade taken at 1224 (go long trigger) which cant be seen because the line dissapears if the current candle is down. Went all the way to 38 Fib retracement, could have grabbed 12 pips, but NO, I got GREEDY, and closed out with only 4 pips net profit, or 26 EURO CENTS :D :D But still well done as you can see price went further down. Will take a few more hours to see if it makes a new low.
On top of that- on a Real account. Already thinking of booking a flight to South of France to buy my first yacht, LOL :)
I cant really afford to lose much, provided that Im still a student and a Part time wall mart employee. But Im absolutely passionate about FX.

will double to 0.02 lot next week. if week closes in profit- then 0.04 and so forth.
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TheRumpledOne
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Postby TheRumpledOne » Fri May 08, 2009 5:21 pm

Nice Trading.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby Fxtraveller » Fri May 08, 2009 6:22 pm

Nice trading thanks to NICE indicator.

Once again- thank you, Avery.

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You Can Move It Move It!

Postby oldmangeezer » Fri May 08, 2009 6:59 pm

Hey FX,

You can move the indicator to the right so you can read it. LOL

Nice charts!!

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Postby prochargedmopar » Fri May 08, 2009 7:44 pm

Yeah, and turn off the pink anchor when your done.
Unless your fem da la fem....
hehehe
#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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