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PeterD
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Postby PeterD » Fri Jan 02, 2009 4:06 pm

Sorry TRO, I just can't help it!

If you noticed, I tried to even not use the candle bar, just the candle chart alone.

This 9th trade is another winner, I wish I could have waited more as you can see the short could give me more PIPS!

MightyOne's concept is also helping me as I always put how the crowd is thinking before I start my trade.
Always trade with the direction of the higher timeframe.

I am going to have to learn to use TRO's statistics, to help me with the probabilities (numbers of green/red candles), especially my SL numbers.

Peter.
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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 02, 2009 4:15 pm

Time to trade with REAL $$$
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.

PeterD
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Postby PeterD » Fri Jan 02, 2009 4:23 pm

I am not ready to trade with real money, I just started learning forex and need to save up some money, I won't have enough money until next couple months, meanwhile I will just learn how to trade better.

Your concept really works, I wanted to show other people that you have a great concept of price action, if I can do this then people should be able to do it as well.

I read your previous posts and you are right, the fixed spread is killing me, I have to find ECN broker when I am ready.

Happy trading everyone!

Peter

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MightyOne
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Postby MightyOne » Fri Jan 02, 2009 5:13 pm


Peter on the 1M chart:


Image

Peter on the 5m chart:

Image

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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 02, 2009 5:20 pm

MightyOne, on the M1 range count, shouldn't you switch it to 1440 to match the M5 288?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 02, 2009 5:35 pm

Image

I coded an indicator to alert when there is an inside bar breakout according to the rules by Peter Crown.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Postby MightyOne » Fri Jan 02, 2009 5:51 pm

PeterD wrote:I am not ready to trade with real money, I just started learning forex and need to save up some money, I won't have enough money until next couple months, meanwhile I will just learn how to trade better.

Your concept really works, I wanted to show other people that you have a great concept of price action, if I can do this then people should be able to do it as well.

I read your previous posts and you are right, the fixed spread is killing me, I have to find ECN broker when I am ready.

Happy trading everyone!

Peter


How much are you planning on starting with Peter?

Do you know that if you start with $400, risk 4%, and average 2% per day that your $400 will turn into over $8,000,000 in 2 years?
1% per day leads to a totally different result of over $60,000 in 2 years! BOO! :wink:

So with a goal of 2% per day you just think about the minimum risk you can take to achieve that result.
If you often make 1 to 1 when you scalp then risk 2%.
if you make 0.5 to 1 risk 4%.
If you make 2 to 1 risk 1% per trade etc.

Anyways, good pippin.

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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 02, 2009 6:00 pm

Image

Decided to make a MULTIPAIR MULTIMETER for this trade.

TRO2009 MPMM IBBO will be sent to all those who donated for 2009.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Postby MightyOne » Fri Jan 02, 2009 6:12 pm

TheRumpledOne wrote:MightyOne, on the M1 range count, shouldn't you switch it to 1440 to match the M5 288?


I don't believe in trading the 1m chart unless your decisions are pegged to the last 5m candle to close.

I was mostly showing why it was right to short where he did.

I understand his exit as a candle closed against him first before closing with him.
I will often just exit if a candle closes against me and then moves back to zero or profit.

However on the 5m time frame there was nothing to worry about as it just stopped dead at the ZL and then ZL'd the traders who were sitting with ~60 pips.

To recap I am saying that one should exit based on at least the 5m.

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MightyOne
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Postby MightyOne » Fri Jan 02, 2009 6:19 pm

TheRumpledOne wrote:Image

Decided to make a MULTIPAIR MULTIMETER for this trade.

TRO2009 MPMM IBBO will be sent to all those who donated for 2009.


Would be great if it were single pair multiple time frame like the BAR multimeter.

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