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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 13, 2008 10:47 pm

DOES THIS MAKE IT HARDER OR EASIER TO SEE?



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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 10:48 pm

DOES THIS MAKE IT HARDER OR EASIER TO SEE?



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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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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 13, 2008 10:49 pm

DOES THIS MAKE IT HARDER OR EASIER TO SEE?


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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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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 13, 2008 10:54 pm

DOES THIS MAKE IT HARDER OR EASIER TO SEE?



Image
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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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 13, 2008 11:03 pm

DOES THIS MAKE IT HARDER OR EASIER TO SEE?



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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 11:04 pm

DOES ANYTHING ON THIS CHART CONFUSE YOU?


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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Sun Dec 14, 2008 12:07 am

TRADING AND HITTING A BASEBALL

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A baseball coach teaches his players the basics of hitting.

Some will hit better than others. Some won't hit at all.

Is it the coach's fault that some can't hit?

Some hitters will succeed against certain pitchers and fail against others.

Some hitters will have streaks and some will have slumps.

Some hitters will knock the ball out of the park regularly and some will rarely hit a home run.

Some hitters will swing at just about every pitch and some will be more selective.

No hitter bats a thousand over the course of their career.

Most hitters get a hit about 2 to 3 times out of 10 at bats.

So what does this have to do with trading?

1. It's up to YOU and not the coach.
2. There may be some things you can't trade well and some that you can.
3. It's up to you to decide what to trade and when to trade.
4. You don't have to be greedy and try to make a killing on each trade.
5. You do not have to win every trade to be successful.


PLAY BALL!!
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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razorboy
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Re: More fun with MTF and price

Postby razorboy » Sun Dec 14, 2008 1:46 am

after review all that nobrainer stuff, that is exactly what i did - just never realized the significance of the higher time frames on the lower - price is the same but the significance of various support and res levels arent

TheRumpledOne wrote:
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.

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Postby razorboy » Sun Dec 14, 2008 1:50 am

looks like something from star wars or ghost busters

Dr. Egon Spengler: There's something very important I forgot to tell you.
Dr. Peter Venkman: What?
Dr. Egon Spengler: Don't cross the streams.
Dr. Peter Venkman: Why?
Dr. Egon Spengler: It would be bad.
Dr. Peter Venkman: I'm fuzzy on the whole good/bad thing. What do you mean, "bad"?
Dr. Egon Spengler: Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light.
Dr Ray Stantz: Total protonic reversal.
Dr. Peter Venkman: Right. That's bad. Okay. All right. Important safety tip. Thanks, Egon.

TheRumpledOne wrote:DOES THIS MAKE IT HARDER OR EASIER TO SEE?



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TheRumpledOne
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Postby TheRumpledOne » Sun Dec 14, 2008 2:02 am

Image

I saw MightyOne's post on BabyPips:

Allow me to sum it all up for you

You can trade any pair that moves, we don't want to trade a pair that just sits there and does nothing.

What is a pair that moves? Check the daily average true range!
(up at the top: insert --> indicators ---> Oscillators ---> Average True Range: set average to 21.

(Do this when the market is closed unless you write an indi or are bored)

This is my rule: If the ATR 21 is not at least 150 right now then I am wasting my time with this pair! (Based on DAILY RANGE)

For day trading I would set up a list of pairs I would trade first:

Get a pen and paper and put each pair (with a major) in one of the 3 groups.

Multiply their tick value by their 21 ATR and create an ABC list:

A: Highest Value
B: High Value
C: No set ups in the other pairs.

A = Top 3 pairs
B = Next 2 best pairs
C = All the rest.
D = Less than 150 pip range (DON'T TRADE IT!)

==========================================

That should give you an idea what to trade.
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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