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khalid
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Postby khalid » Sat Dec 13, 2008 7:01 pm

TRO,

I have spent the last hour trying to locate your money management EXCEL sheet but could not find it.

Would you please be kind enough to post it here?

Thank you.

Khalid

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rjmann
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Postby rjmann » Sat Dec 13, 2008 7:58 pm

I took a quick look for him on investopedia, but I couldn't find him I'll look again here soon.

Can someone tell me or point to a place where I can find the calculations for price indicators for BZ_everyhour.
Image

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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 13, 2008 8:13 pm

Image

I saw some of the traders on BabyPips were discussing how many times a price level occurred. I had written the TradeStation indicators for that years ago. So I wrote a MT4 version - TRO_PRICE_OCCURS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 13, 2008 8:26 pm

khalid wrote:TRO,

I have spent the last hour trying to locate your money management EXCEL sheet but could not find it.

Would you please be kind enough to post it here?

Thank you.

Khalid
Attachments
MoneyManagementChart.xls
(26 KiB) Downloaded 320 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 13, 2008 8:30 pm

rjmann wrote:I took a quick look for him on investopedia, but I couldn't find him I'll look again here soon.

Can someone tell me or point to a place where I can find the calculations for price indicators for BZ_everyhour.


Long trigger = H1 Open + 3 or 4 pips.

Short trigger = H1 Open - 3 or 4 pips.

Long TP = H1 Open + 9 or 10 pips.

Short TP = H1 Open - 9 or 10 pips.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Sat Dec 13, 2008 8:38 pm

razorboy wrote:Cant disagree with you more actually

If you are just starting to acquire a skill - the basics and consistency are important. If you don't sit and observe, you wont learn. If you don't develop a basic competency in basic skills, you will never develop a good foundation. I can run 6 minute miles, well, because I run, over and over again - different paces, different distances, but I keep running - I could walk if all i was interested in was distance, but I want speed. Same thing as batting practice, same thing as swinging a golf club - over and over. Master the basics and then move on. Once you know what you are doing, then yes, there is more than one way to skin a cat, but for most retail forex traders, they would be lucky if they could find a cat to skin in the first place

I am willing to bet that without knowing which pair you are trading at the time, you would probably become much more consistent in your trading. Can you differentiate different stocks/currencies and commodities based on the pattern they trace out on a chart? I couldnt even tell the difference between a 1 hour and monthly chart unless it was labeled. Anyone want to post some random mystery charts and see who can accurately identify the chart and the time frame?

lets play........NAME THAT CHART............................


Look at Michal Kreslik's work regarding DECIMAL BIAS and you'll be able to NAME THAT CHART!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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More fun with MTF and price

Postby razorboy » Sat Dec 13, 2008 8:54 pm

Having just read thru the nobrainer site and messed around with trading with and against hourly colors and the dynamic fib lines, what would be useful is an indicator that would plot support and resistance levels of a higher time frame on a lower time frame screen. This way you can see how often many times price bounces at a certain level and where the stop order accumulate.

i have tried to do this with the five minute and one minute charts

I take the one minute chart, set the custom candle to 5 minutes (this give me the 5 minute chart) and then set the dynamic fibs to 25 (which gives a look back period of 5 - 5 minute candles) - this really gives you an opportunity to watch price bounce off of support and resistance before it finally breaks through and makes a new high - buy on new high - close on ........well that is your call

you can obviously do this with other time frames - im just really impatient

TheRumpledOne wrote:Image

I saw some of the traders on BabyPips were discussing how many times a price level occurred. I had written the TradeStation indicators for that years ago. So I wrote a MT4 version - TRO_PRICE_OCCURS.

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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 13, 2008 9:07 pm

Image

More fun looking at Zig Zag, Range and Price Occurring.

If price moves in "waves", then it has certain components:

Amplitude - Range or ( High - Low )

Frequency - Time between crest and trough.

Think about it, you enter a trade and price reverses on you...

How long could be the wait be before price returns to your entry level?

Michal Kreslik posted some statistics years ago.

What do you SEE?
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TheRumpledOne
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Re: More fun with MTF and price

Postby TheRumpledOne » Sat Dec 13, 2008 9:10 pm

razorboy wrote:Having just read thru the nobrainer site and messed around with trading with and against hourly colors and the dynamic fib lines, what would be useful is an indicator that would plot support and resistance levels of a higher time frame on a lower time frame screen. This way you can see how often many times price bounces at a certain level and where the stop order accumulate.

i have tried to do this with the five minute and one minute charts

I take the one minute chart, set the custom candle to 5 minutes (this give me the 5 minute chart) and then set the dynamic fibs to 25 (which gives a look back period of 5 - 5 minute candles) - this really gives you an opportunity to watch price bounce off of support and resistance before it finally breaks through and makes a new high - buy on new high - close on ........well that is your call

you can obviously do this with other time frames - im just really impatient



All you have to do is change the number of bars the SR indicator is using on the M1 chart.

Remember, price is the SAME on all charts.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 13, 2008 9:37 pm

Image

The strength (size) by which a currency can correct or congest is
about equal to the strength by which a currency can trend.



Since the MightOne has posted charts showing what PRICE could do, I added a couple of projection lines to the TRO_SupResHHLL indicator.

I simply added the range to the resistance level and subtracted the range from the support level.

Updated TRO_SupResHHLL indicator for MT4, including source code, attached.

P.S. There's a couple other treasures in the zip file for you pirates.

PLEASE DO NOT POST THESE INDICATORS ANYWHERE ELSE!
Attachments
TRO_SUPRESHHLL.zip
(38.64 KiB) Downloaded 314 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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