Never Lose Again

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MightyOne
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Even Better!

Postby MightyOne » Thu Dec 18, 2008 7:05 am

Thank for reminding me!

LOL!


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Sweet Pip
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Postby Sweet Pip » Thu Dec 18, 2008 7:31 am

MightyOne wrote:Do you know what a breakout looks like?
1. Price breaks out (long?)
2. The breakout candle closes
3. Trade toward the zero line on red candles




Ok...NOW I understand...lol

and I think I understand the time/sales indicator too.

Thanks :)
It's not always about getting what you want...it's wanting what you've got!

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Postby Gulicio » Thu Dec 18, 2008 10:24 am

Well Of course. Just because you see it doesn't mean confirmation of what you are seeing wouldn't be nice. If I can make money with out your indicators and just your brilliant teachings. Imagine what I can do with the indicators. :)

Whitty
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Damn and Blast! Today @ 1pm GMT

Postby Whitty » Thu Dec 18, 2008 2:00 pm

Hi guys, my first post on the forum!
I thought I'd share this trade from todays US open. GBP/USD
Have been using TRO SR RR indicator.
I'd like your thoughts on wether I did the right thing or not!

Righto, new low triggered at 15355 entry at 15381
I didn't enter long, as the H1 colour was RED


OK, next chart, H1 candle is green at the entry level 15381, so got in there. So far so good!


Oh dear the price suddenly turned and took out my stop at 15355 Damn!


Now it has made a new low at 15335 but the H1 is red at the go long line 15363 so I stayed out of a trade......


.....only for the price to make a nice retracement aaaaarrrgghhhhh!!!!!
The H1 candle was red at the go long line 15363 so I didnt enter long as the method says "don't trade against the H1 colour"



Although I took a hit on the first trade and missed out on potential profit, have I got the method correct????

Thoughts appreciated guys!!!!!

cheers

Pete

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razorboy
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Re: Damn and Blast! Today @ 1pm GMT

Postby razorboy » Thu Dec 18, 2008 5:26 pm

Well if you went in when you should have stayed out (or been short) and stayed out when you should have gone in........

Look at the price action in the higher and lower timeframes before diving in

Whitty wrote:Hi guys, my first post on the forum!
I thought I'd share this trade from todays US open. GBP/USD
Have been using TRO SR RR indicator.
I'd like your thoughts on wether I did the right thing or not!

Righto, new low triggered at 15355 entry at 15381
I didn't enter long, as the H1 colour was RED


OK, next chart, H1 candle is green at the entry level 15381, so got in there. So far so good!


Oh dear the price suddenly turned and took out my stop at 15355 Damn!


Now it has made a new low at 15335 but the H1 is red at the go long line 15363 so I stayed out of a trade......


.....only for the price to make a nice retracement aaaaarrrgghhhhh!!!!!
The H1 candle was red at the go long line 15363 so I didnt enter long as the method says "don't trade against the H1 colour"



Although I took a hit on the first trade and missed out on potential profit, have I got the method correct????

Thoughts appreciated guys!!!!!

cheers

Pete

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MightyOne
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Postby MightyOne » Thu Dec 18, 2008 6:02 pm

The GOLD zero line is over 24 hours old!
Congratulations to those who held you finally got a home run!

Now for the traders trying to do it again...

Zero Lined! And on the point marked "A" for Ageless or Zero Line without a close or zero on a smaller scale...yeah, you got zero lined also!

But don't worry, in a few more days you will get your home run :wink:


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MightyOne
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Postby MightyOne » Thu Dec 18, 2008 7:13 pm

I don't know Whitty, it was an iffy trade at best.
D1 was down strong and H1 was up weak and read scalp long.

All I can say is that good things happen to those who wait for a trade, but do not wait to take profit.



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MightyOne
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Postby MightyOne » Thu Dec 18, 2008 7:45 pm

Gulicio wrote:Well Of course. Just because you see it doesn't mean confirmation of what you are seeing wouldn't be nice. If I can make money with out your indicators and just your brilliant teachings. Imagine what I can do with the indicators. :)


If you understand what TRO is saying in his lessons then you know that you do not need the indicators.
I could take every indicator off my chart and make the same amount of money.
Confirmation of what? To make sure you are really seeing a RED candle?

YOU indicate what you SEE
An indicator does not tell you what you are seeing!

The only way to confirm some thing is after it has all ready happened...

That said, I use MetaTrader4 for analysis only (who would trade with limited order types; that is like living with a handicap)?
All you need to do is find a price feed that matches your broker.

If that is not enough then you send TRO's indicator to a programmer and have him code it for your platform for just a few hundred dollars.

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razorboy
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Postby razorboy » Thu Dec 18, 2008 7:51 pm

no...........you need a price feed that front runs your broker.............................
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Thu Dec 18, 2008 7:58 pm

Sweet Pip wrote:
MightyOne wrote:Do you know what a breakout looks like?
1. Price breaks out (long?)
2. The breakout candle closes
3. Trade toward the zero line on red candles




Ok...NOW I understand...lol

and I think I understand the time/sales indicator too.

Thanks :)


Make sure with Time & Sales you are not focusing too intensely on the indicator.
Do every thing as you normally would and then casually look at the sales and see how the orders are coming in.
Price pushes a new high --->LOOK
Price pushes a new low --->LOOK
Price is not moving any where --->LOOK
Sales are acting violently ---> what time is it?
What did sales do and what happened?
What time was it and what happened?

I still cannot really put my finger on what exactly I am seeing when the alarm bells go off in my head...

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