How to trade using TRO's Dynamic S/R indicator

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scotty_dog
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Postby scotty_dog » Tue Oct 24, 2006 7:31 am

TheRumpledOne wrote:Never ever enter at the midpoint... that is where you want to EXIT a bounce/retrace!!


Hi there,

Many thanks for clearing that up.

All the best,
scotty_dog

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jgear55
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Postby jgear55 » Tue Oct 24, 2006 4:16 pm

how many times do u let it bounce off support or resist, and do u ever look for breakthrus?

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 25, 2006 12:52 am

I don't "let it" do anything... it does what it is going to do...LOL!!

I don't "look for", I LOOK AT what it is doing!!

I am NOT playing word games with you. Instead, I am being PRECISE with language. Once you learn the subtle difference, your results will change.

The whole idea of chart reading is to ACCURATELY DETERMINE what the instrument is doing NOT what you THINK it will do or what you WANT it to do.
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 jgear55 » Wed Oct 25, 2006 2:56 am

react, if its wrong, get out immidiatley

jstockman
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Workspace and Chart times

Postby jstockman » Thu Oct 26, 2006 2:13 am

watzdorf wrote:Here is how I use s/r:

if price hits s/r twice -> go short/long at s/r
if price hits s/r only once, I take the low/high of that bar to go short/long.
in other words: if price moves above the high of the bar that created the support (s) ->short and vica versa.

I use mental stop 1 point above/below s/r

I don't use midpoint

hth

alex


watzdorf

Could you please explain a little more.

What time frame are you entering end exiting the trade. Do you use other time frames for setup.

Do you do forex or only stocks.

Jimmyj

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watzdorf
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Postby watzdorf » Thu Oct 26, 2006 6:37 am

As I said above, I use it on stocks and futures (1 and 5 min charts) I didn't use it on forex yet, but I am quite convinced that it will work there too.
alex

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Postby scotty_dog » Thu Oct 26, 2006 9:29 am

watzdorf wrote:As I said above, I use it on stocks and futures (1 and 5 min charts) I didn't use it on forex yet, but I am quite convinced that it will work there too.
alex


Hey watzdorf,

It would be great if you could upload a screenshot or two to illustrate the set-up and your thinking.

Cheers,
scotty_dog

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Screen Shots

Postby jstockman » Mon Oct 30, 2006 3:33 pm

scotty_dog wrote:
watzdorf wrote:As I said above, I use it on stocks and futures (1 and 5 min charts) I didn't use it on forex yet, but I am quite convinced that it will work there too.
alex


Hey watzdorf,

It would be great if you could upload a screenshot or two to illustrate the set-up and your thinking.

Cheers,
scotty_dog


watzdorf,

I am new to trading, but am wanting to learn. When you post your screen shots can you put a red or blue arrow on the bar you trade. That would help.


Thankyou

Jimmyj

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watzdorf
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Postby watzdorf » Mon Oct 30, 2006 8:07 pm

Ok, here is a chart from today. It shows long and short entries
Attachments
snapshot-19.gif
snapshot-19.gif (60.92 KiB) Viewed 3180 times

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neuro
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Postby neuro » Mon Oct 30, 2006 8:28 pm

Where can I get pseudo code (or a precise English explanation) for the definition of this indicator? I developed my own forex backtesting/simulation platform and would like giving it a try.
I did the obvious googling with no luck.

Thanks

[EDIT: found it here]
System development is One Hell Of A Job!

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