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pierre23
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Postby pierre23 » Wed Dec 03, 2008 12:22 am

Tro, what does the myStopLoss value do in the TRO_BZ_Skyline? Also, is this the one you have in the top chart?

Also, with the EURUSD (havn't checked with other charts) I've found every hour the trigger gets hit then the profit target either up OR down, without a doubt. The histogram shows this, but the BZ gives a better visual. It's just a matter of trading the right way (long or short) then take your profit.

Although one can only assume it hits the entry line first then keeps going to the profit target line, then, later in the hour you could see a reverse. Which if this is the case, MOST of the time you could trade in the correct direction in the first place.

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 03, 2008 1:03 am

"Tro, what does the myStopLoss value do in the TRO_BZ_Skyline? Also, is this the one you have in the top chart? "

I don't know...LOL!

I think it's there for "future use".
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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pierre23
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Postby pierre23 » Wed Dec 03, 2008 1:44 am

aha ok no worries

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 03, 2008 4:48 am

Image

Do you SEE the Psychological line trades?

Do you SEE how waiting for the REVERSAL trade is profitable?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby razorboy » Wed Dec 03, 2008 5:37 am

all hail the mighty pivot point.........
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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razorboy
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one small point

Postby razorboy » Wed Dec 03, 2008 3:27 pm

while i do love the pivot point, I do think the concept of looking for 3 to 4 same color candles in a row before going in for a reversal may be a bit of a red herring?

Would i not be more accurate to say look at the relative lows and highs than candle color itself. While a red candle is typically associated with a lower low and lower high than the previous candle, it is not always the case. The same goes for green candles. Just because there is a correlation between the price action and candle color, it doesn't mean there is any sort of causation relationship - highs and lows are what count (i think :))

While the whole color thing may be a good rule of thumb, it may keep you out of a few too many good trades if you are just playing one currency

Just a thought. I'm sure it has been mentioned by others

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razorboy
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Postby razorboy » Wed Dec 03, 2008 3:56 pm

break the pivot point and you break the market's neck...........so to speak
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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cfabian
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Postby cfabian » Wed Dec 03, 2008 4:19 pm

razorboy wrote:break the pivot point and you break the market's neck...........so to speak


Hey razor... how do you trade/use this concept and what time frame?
I started to pay attention to pivots, but want to learn more from it.

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Postby xmess7 » Wed Dec 03, 2008 4:36 pm

Folks:
+120 pips today.

Since over at babypips there is a fuzz over "long term" stuff I took a trade on the 4h chart and waited till the next day to see results. Of course I widened my mental pip loss (No stoploss was ever used). I woke up to find that once again PRICE crossed the horizontal lines and it even went so low as to have the pip count at +200 pips, but I was asleep at that time. I was tempted to place a trailing stoploss but decided to just take the 120 instead. Like TRO says price is price.. it moves the same in any of the timeframes.

I'll post the chart with the trade once my machine is up (I am remotely connecting to my machine, it must of disconnected).

OH!, that brings another item to light. This was my first trade from a remote location, that is, I was not physically in front of the machine when I made the entry. Kewl, I can now trade from anywhere.

Jess

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Postby ptejerina » Wed Dec 03, 2008 4:39 pm

Hi,

I finally finished reading the whole thread, beginning all the way in Babypips. I've been an admirer of TRO's work a long time ago, but I haven't been able to trade a lot because of my work. However, I think its time to begin being more consistent in trading, because I see a great opportunity with what TRO is trying to make us SEE.

I'll try to do the homework and post some trades now and then.

Thanks TRO for sharing. =D>
Cheers,

Pablo.

"If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes."
- Peter Lynch

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