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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 31, 2008 5:48 pm

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Someone on StockFetcher wanted PFE coded.

I found a copy here:

http://codebase.mql4.com/3159

I wrote a multimeter to call it.

Just having fun.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 31, 2008 6:18 pm

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Found another polarized fractal effeciency indicator here:

http://codebase.mql4.com/1906

More fun.
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MightyOne
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Postby MightyOne » Wed Dec 31, 2008 7:39 pm

TheRumpledOne wrote:MightyOne, you didn't like the TRO MULTIMETER ONETHIRD?


I am sorry TRO, with all the family and friends demanding my time recently I have not had a chance to look at it.
I do appreciate the time you spent on the indicator and that you make my trading faster and more effective.

I'll be sure to take a look see some time today...

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Postby PeterD » Wed Dec 31, 2008 7:54 pm

Hi everybody,

I am a newbee here, I am trying to learn forex and found TRO's forums (NLA), very interesting...

It took me a while to read from page 1 to the end, I kind of get the idea of the concept but I think I will need to go through it one more time.

TRO has a very interesting idea of teaching you how to SEE the price action without using SQUIGGLY LINES (indicators) and I think I like the idea, since all indicators are lagging.

I also found that MightyOne's posts are very interesting, I was trying to understand his ZeroLine concept, and tried to read it several times, but I still don't quite get it.
MightyOne, is there any websites or links that would get me into more understanding about this concept?

I will try to open demo account first and practice with it.


Wish me luck everybody.

Peter.

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 31, 2008 8:07 pm

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ZEROLINE - The way I SEE it is with my TRO DYNAMIC FIB SR.

One price pushes through a support or resistance level, traders are "making money" assuming they are trading with the price. As price continues, traders will decide to take profit causing price to reverse. It will usually reverse back to the breakout point - zero line ( all profit given back ).

I could be mistaken... have to wait for MightyOne to give the definitive answer.
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Postby MightyOne » Wed Dec 31, 2008 8:28 pm

TheRumpledOne wrote:Image

ZEROLINE - The way I SEE it is with my TRO DYNAMIC FIB SR.

One price pushes through a support or resistance level, traders are "making money" assuming they are trading with the price. As price continues, traders will decide to take profit causing price to reverse. It will usually reverse back to the breakout point - zero line ( all profit given back ).

I could be mistaken... have to wait for MightyOne to give the definitive answer.


Zero line is simply a breakout, it doesn't matter where so long as price did not move to it to the right of the chart.
I showed you the ZL from a breakout from extremes to make it easy for you to visualize, but there are many different ways to see held profit including TRO's dynamic fibs.

SEE-DO-HAVE

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 31, 2008 8:38 pm

Image

I wrote the TRO2009 HIOP COUNT and TRO2009 OPLO COUNT to display the frequency.

168 H1 bars = 1 week. This shows how many times you can expect to take 10 pips or more from open to high and open to low.

These donational indictors will be sent out the those who contribute in 2009.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 31, 2008 8:49 pm

Image


MightyOne wrote: Zero line is simply a breakout, it doesn't matter where
so long as price did not move to it to the right of the chart.


So those two horizontal blue lines could be considered ZERO LINES?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Postby MightyOne » Wed Dec 31, 2008 9:27 pm

PeterD wrote:Hi everybody,

I am a newbee here, I am trying to learn forex and found TRO's forums (NLA), very interesting...

It took me a while to read from page 1 to the end, I kind of get the idea of the concept but I think I will need to go through it one more time.

TRO has a very interesting idea of teaching you how to SEE the price action without using SQUIGGLY LINES (indicators) and I think I like the idea, since all indicators are lagging.

I also found that MightyOne's posts are very interesting, I was trying to understand his ZeroLine concept, and tried to read it several times, but I still don't quite get it.
MightyOne, is there any websites or links that would get me into more understanding about this concept?

I will try to open demo account first and practice with it.


Wish me luck everybody.

Peter.


I highly doubt that you will learn any of the concepts else where.

The biggest flaw a trader can have is the need to be told what to see instead of asking how he might see some thing similar to what was described.

If I teach you how to trade then you have learned nothing.
If you teach your self how I trade then you have learned more than I can show you.

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MightyOne
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Postby MightyOne » Wed Dec 31, 2008 9:31 pm

TheRumpledOne wrote:Image


MightyOne wrote: Zero line is simply a breakout, it doesn't matter where
so long as price did not move to it to the right of the chart.


So those two horizontal blue lines could be considered ZERO LINES?


Those horizontal blue lines are considered Zero Lines.
Zero lines appear on all time frame at the sames time, but are mainly used on the time frame of the charts that you are using.

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