2009.04.15 DRAIN THE BANKS - REV 006

[TheRumpledOne]

The bigger the number the bigger the move.

The 3 Level ZZ Semafor just shows where the zig-zags happen.

[outloud20]

im new with the system..

can i ask a stupid question?

Arrow up or down just before the H1 Bias: (Long/Short) says to buy(up) or sell(down)

or what to do when say go short or go buy on alert? ok to short?

thanks!

[pierre23]

Stronger support and resistance

[TheRumpledOne]

outloud20:

DO NOT TRADE AGAINST THE H1 BIAS.

If TRAINING WHEELS are ON then the OK TO TRADE for reversals will be displayed ONLY when the trade would be WITH the H1 bias.

[outloud20]

im sorry, for my better understanding, i attached a chart.

1.3596 short
1.3587 long

it has semafor 1 on the current bar.. i looked on h1, it has semafor too..

H1 bias arrow up and says long

then diagonal arrow up on OK to buy

so i think i can make an entry when the price touches the trigger. but which trigger? seems it can touch both long and short.

pls help


***you said not to go against the bias, so it means i have to buy?

thanks

[outloud20]

TRO,

like in this chart.. 1.1713... and 1.1708.. should i bought at 1.1708 or sold 1.1713

[TheRumpledOne]

im sorry, for my better understanding, i attached a chart.

1.3596 short
1.3587 long

it has semafor 1 on the current bar.. i looked on h1, it has semafor too..

H1 bias arrow up and says long

then diagonal arrow up on OK to buy

so i think i can make an entry when the price touches the trigger. but which trigger? seems it can touch both long and short.

pls help


***you said not to go against the bias, so it means i have to buy?

thanks

Look at the upper left hand corner of your chart.

[noone22]

should i bought at 1.1708 or sold 1.1713

None is correct.
You should go long (buy) at 1.713, but only under following conditions:
1) Price is lower than 1.1762
2) Price started to move up from 1.1708
3) H1 bias is green
This is your trigger (near support), and trade direction conforms
with bias (colour) or H1 candle, which is green now -
i.e. "go long".
Indicator message in purple color on upper left of the chart
(which TRO pointed you to)
clearly says about this "Go long 1.1762"

The reverse applies to "go short" trigger at resistance
and message in purple color says about this "Go short 1.1762".
You could go short at 1.1762,
but only if price is moving down from 1.1767
and H1 bias is red and price is greater than 1.1762
- none of these conditions true at the moment,
so you could only enter long trade and disregard
"go short message" untill next peak or pull.

So, you alwyas have 2 triggers and 2 messages,
but only one from it could indicate a valid trade
at any point of time.

[TheRumpledOne]

There is only ONE TRADE message on the gauge on the right of the chart below the bias message.

It tells you what to do and/or what is happening.

The legend at the top left of the chart is there because some traders don't like the price boxes and turn them off via inputs.

[TheRumpledOne]

Update to TRO_DYNAMIC_FIBS_SR_Trail coming soon.

STAY TUNED!!