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MightyOne
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Postby MightyOne » Wed Jan 14, 2009 7:14 am

TheRumpledOne wrote:MO... maybe it's just my eyes, but your chart colors make it hard to see/read.

In the beginning, your charts were clear and easy to read.


How do you like these colors?

Image

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TheRumpledOne
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Postby TheRumpledOne » Wed Jan 14, 2009 1:24 pm

I like the gray background.

Much easier on my eyes and easier to read.

Thanks.
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.

winny
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Thank you

Postby winny » Wed Jan 14, 2009 2:19 pm

TRO,

In the recent weeks I only used your technique and hardly looked at indicators during trading. It started with your buyzone and in the end
I only looked at price movements. I must say that you opened my eyes.
In the past I only looked at strategies and systems that were solely based on indicators, just to see my hard earned monies to be whiped away. Your price based approach really does work my friend and I am very happy
with it.

I just wanted to say "thank you very much" for your generosity and helping me and others !

Win

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cfabian
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Re: Thank you

Postby cfabian » Wed Jan 14, 2009 6:36 pm

Hey Winny,
Glad you're doing well with TRO's techniques.
Can you elaborate on details of which strategy you use, how, pairs, etc. so people can benefit from your experience?

Thanks


winny wrote:TRO,

In the recent weeks I only used your technique and hardly looked at indicators during trading. It started with your buyzone and in the end
I only looked at price movements. I must say that you opened my eyes.
In the past I only looked at strategies and systems that were solely based on indicators, just to see my hard earned monies to be whiped away. Your price based approach really does work my friend and I am very happy
with it.

I just wanted to say "thank you very much" for your generosity and helping me and others !

Win

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MightyOne
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Postby MightyOne » Wed Jan 14, 2009 6:57 pm


Give me a body and I'll consider going long...


ImageImage


Our short only mind set pays off yet again...


Image
Last edited by MightyOne on Wed Jan 14, 2009 8:23 pm, edited 1 time in total.

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winny
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Re: Thank you

Postby winny » Wed Jan 14, 2009 7:25 pm

[quote="cfabian"]Hey Winny,
Glad you're doing well with TRO's techniques.
Can you elaborate on details of which strategy you use, how, pairs, etc. so people can benefit from your experience?

Thanks
[quote="winny"]

Hello CFabian,
I basically only use TRO's Buyzone technique, but only trade during the busy opening hours. Especially when London opens. For this purpose I use the buyzone on a 60 minute frame and my entry on a 1 minute frame. I have to say here that I do not trade forex cash. I trade the futures market. There are several important reasons why I do this. One of them is that the futures market and my datafeed can not be manipulated by the brokers. And I honestly think that trading the futures is an important factor for trading succesfully with this method. As I said before, the spread (1 pip) is very important to make profits. I tried to use the buyzone every hour, but that does not work for me. So only using it during the opening hours. That is pretty much it. And TRO is right about training your eyes to see where price is going. This is a little bit difficult to explain. I guess you just need to develop that somehow in time. But for people who need guidance I would try to put a fast non lagging indicator on a 1-2 minute chart (there is one in the TRO motherload) and use it as your trigger.
It will also make sure you not just shoot for 10 pips, but often lets you ride the trend for much more. Sometimes I open 2 lots, close one at 10-20 pips profit and let the other ride the trend.
I do understand why most of you like the DIBS method. That is also a good one to use during the hours that follow after the opening of the markets.

Win

winny
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Re: Thank you

Postby winny » Wed Jan 14, 2009 7:50 pm

cfabian wrote:Hey Winny,
Glad you're doing well with TRO's techniques.
Can you elaborate on details of which strategy you use, how, pairs, etc. so people can benefit from your experience?

Thanks

Win
[/quote]


For a 1 pip spread EFX (MB trading) of course is also very good instead of futures. Its just that I want to link my datafeed directly to my trading activities. That is one other reason why I chose to trade futures.

- So, I trade futures, only the EUR/USD.
- use the Buyzone on a 60 minute frame.
- I use a 1 or 2 minute chart to trigger my trade.
(I can do it by just looking at price, but as said you can use a
non lagging indicator to do this).
- I sometimes open multiple positions to take my 10-20 pips
and ride the trend.
- During a fast move in my direction, I always use a trailing stop.
In fact you can use your trigger indicator on the 1-2 minute frame
as your stop.

And there it is....the holy grail.
Never overtrade. I am simply happy with what I get during the opening hours. After that, time for fun !

pierre23
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Postby pierre23 » Wed Jan 14, 2009 10:57 pm

Ah MightyOne, so the dots are the high and low of the candle and your 'go long/go short' lines are at 1/3 from the top and from the bottom of the previous H1 candle?

You'll only trade short if the the M5 candle hits/is just below the lower 1/3 of the previous H1 and vise versa for long. The middle third is the 'whatever zone'.

Am I on the right track or have I misundersood something along the way?

You should come on paltalk some time. We were all on it last night trading and discussing.

btw spot on with the colours my painter friend!

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cfabian
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Re: Thank you

Postby cfabian » Wed Jan 14, 2009 11:19 pm

Thanks for such explanation Winny, I'm sure many people will benefit from it.

As I also like buyzone, for its simplicity and the logic that a price has to pass that line in order to follow a move. How many pips from opening you use for your BZ?

As per spread, that's the reason I'm trying to concentrate on EURUSD, which is the lowest, and has big volumes.

Cheers,


winny wrote:
cfabian wrote:Hey Winny,
Glad you're doing well with TRO's techniques.
Can you elaborate on details of which strategy you use, how, pairs, etc. so people can benefit from your experience?

Thanks

Win



For a 1 pip spread EFX (MB trading) of course is also very good instead of futures. Its just that I want to link my datafeed directly to my trading activities. That is one other reason why I chose to trade futures.

- So, I trade futures, only the EUR/USD.
- use the Buyzone on a 60 minute frame.
- I use a 1 or 2 minute chart to trigger my trade.
(I can do it by just looking at price, but as said you can use a
non lagging indicator to do this).
- I sometimes open multiple positions to take my 10-20 pips
and ride the trend.
- During a fast move in my direction, I always use a trailing stop.
In fact you can use your trigger indicator on the 1-2 minute frame
as your stop.

And there it is....the holy grail.
Never overtrade. I am simply happy with what I get during the opening hours. After that, time for fun ![/quote]

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TheRumpledOne
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Postby TheRumpledOne » Wed Jan 14, 2009 11:20 pm

Image

I added a couple of enhancements to the DIBS FOR DUMMIES indicator ( TRO2009_MPMM_DIBS_TRADE ) .

1) Pips away from Trigger added to the GET READY MESSAGE.

2) Input CHANGE.SESSIONS added. If CHANGE.SESSIONS = true then session open times will automatically change.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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