2009.03.17 TRO - NEVER LOSE AGAIN!!
Moderator: moderators
-
- rank: <50 posts
- Posts: 6
- Joined: Mon Aug 02, 2010 7:47 pm
- Reputation: 0
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
HORSEMOUTH201 wrote:Thanks very much for the reply jsme and Tro. Really really appreciate it
You are most welcomed. I know when I first read about these types of trade set ups. I knew they would work, but it was difficult for me to understand it...I had to get rid of my Yale mentality and look at things from a fresh view. If I can assist you I will attempt to.
TRO's trading styles work well for me.
-
- rank: <50 posts
- Posts: 5
- Joined: Sun Jun 27, 2010 7:06 am
- Reputation: 0
- Gender:
Hi
I 've got a quick qestion
what I have made wrong?? see my last trade at the picture:
I've entered short at the each blue stroke, the 3 semafor was going up all the time during when i was entering, it was making new res all the move up.
I was entering with the 15 min indicator. And I placed stop as in the picture after my last enter. The stop los was hit.
What I have made wrong? Should I close the trade earlier ?
Or maby I started entering short position to early ?
I 've got a quick qestion
what I have made wrong?? see my last trade at the picture:
I've entered short at the each blue stroke, the 3 semafor was going up all the time during when i was entering, it was making new res all the move up.
I was entering with the 15 min indicator. And I placed stop as in the picture after my last enter. The stop los was hit.
What I have made wrong? Should I close the trade earlier ?
Or maby I started entering short position to early ?
- Attachments
-
- never 1.JPG (57.38 KiB) Viewed 5181 times
- bredin
- rank: 1000+ posts
- Posts: 1033
- Joined: Mon Feb 16, 2009 10:41 pm
- Reputation: 7
- Gender:
- Contact:
trading against H1 color for most of those trades.
You became the bunny, and not the truck.
G.
You became the bunny, and not the truck.
G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!
I echo what bredin said.
For myself I look for the H1 candle to close. Then I take my direction off of that.
If it is green, I look to go long. If it is red I look to go short. I do not use any semafor's. Not saying they do not work, rather I have never been able to get the hang of them.
Looking at your screen shot. What if you just went long at the break above a green wick and short at a break below a red wick? Use a reasonable stop. Exit when the prices appear to be stalling out. Have a pre-define target amount for the day. Once it is hit stop trading.
On occasion you will be able to get into a fast moving trade that moves in your favor. Ride it while you can, exit when it begins to stall. You will see that you are able to blow right by your targeted profits for the day when that happens.
For myself I look for the H1 candle to close. Then I take my direction off of that.
If it is green, I look to go long. If it is red I look to go short. I do not use any semafor's. Not saying they do not work, rather I have never been able to get the hang of them.
Looking at your screen shot. What if you just went long at the break above a green wick and short at a break below a red wick? Use a reasonable stop. Exit when the prices appear to be stalling out. Have a pre-define target amount for the day. Once it is hit stop trading.
On occasion you will be able to get into a fast moving trade that moves in your favor. Ride it while you can, exit when it begins to stall. You will see that you are able to blow right by your targeted profits for the day when that happens.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15566
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
niedzwiedz:
"Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame (with the obvious limitations explained above)
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden
Price was reversing off of the daily low.
"Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame (with the obvious limitations explained above)
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden
Price was reversing off of the daily low.
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
-
- rank: <50 posts
- Posts: 5
- Joined: Sun Jun 27, 2010 7:06 am
- Reputation: 0
- Gender:
Ok i dont understand every word You say but im trying
soo the idea is to know where the move will stop and begin to reverse??
how to know when the semafor will not go any higher and it will be a good entry?
if i will wait for the h1 candle close, and i go to 15 m chart to look at the trigers i moght be to late, the move will continue and i wont be able to entaer at the trigger.
the problem is to recognize the reverse point with the semafor 1,2,3 ??
soo the idea is to know where the move will stop and begin to reverse??
how to know when the semafor will not go any higher and it will be a good entry?
if i will wait for the h1 candle close, and i go to 15 m chart to look at the trigers i moght be to late, the move will continue and i wont be able to entaer at the trigger.
the problem is to recognize the reverse point with the semafor 1,2,3 ??
-
- rank: <50 posts
- Posts: 5
- Joined: Sun Jun 27, 2010 7:06 am
- Reputation: 0
- Gender:
Ok i dont get it
i decided to play with stop loss
i 've set the stop loss to 10 pips an i have failed 5 times.
Always entered when the indicator told me to do and always with the semafor on h1 candle. Stop loss was hit everytime, and the price was making a new sup/ress.
soo i can't put soo tight stop loss, also with stop loss i cant re enter in the trade after the price mad a new sup/res ( the 5 rule : if price went against you and makes a new ......)
last week i was playing without stop loss and i was making extreamly well till i was whiped out when price went hudge against me ( my previous post)
i still dont get it how to trade it the right way
how to know if after the price crosses the triger it will go up 5 pips in my way so i can clos it with profit, or it will drop down, make a new support?
i know the trigers ( repaint is the wrong word ) move along with price till stops, how to deal with that
sorry for my writing
im feeling im soo close but i can figure it by my own
i attach my working space, amby my problem is with chart setup
rule 5 again: if the price went against you... get redy to enter at the trigger...
how many time should i enter ? and what to do it i entered up to 3 times and price i still going against me?
i decided to play with stop loss
i 've set the stop loss to 10 pips an i have failed 5 times.
Always entered when the indicator told me to do and always with the semafor on h1 candle. Stop loss was hit everytime, and the price was making a new sup/ress.
soo i can't put soo tight stop loss, also with stop loss i cant re enter in the trade after the price mad a new sup/res ( the 5 rule : if price went against you and makes a new ......)
last week i was playing without stop loss and i was making extreamly well till i was whiped out when price went hudge against me ( my previous post)
i still dont get it how to trade it the right way
how to know if after the price crosses the triger it will go up 5 pips in my way so i can clos it with profit, or it will drop down, make a new support?
i know the trigers ( repaint is the wrong word ) move along with price till stops, how to deal with that
sorry for my writing
im feeling im soo close but i can figure it by my own
i attach my working space, amby my problem is with chart setup
rule 5 again: if the price went against you... get redy to enter at the trigger...
how many time should i enter ? and what to do it i entered up to 3 times and price i still going against me?
- Attachments
-
- never2.JPG (167.48 KiB) Viewed 4871 times
Last edited by niedzwiedz on Thu Aug 12, 2010 11:57 am, edited 1 time in total.
-
- rank: <50 posts
- Posts: 19
- Joined: Thu Jul 22, 2010 9:14 am
- Reputation: 0
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.