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smartquant
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Postby smartquant » Fri Jan 16, 2009 5:03 am

Sweet Pip wrote:My first live trade!!

Took "awhile" to actually take the plunge. A few times I had placed pending orders, only to remove them before they could trigger. Then it seemed that many pairs were moving down, down, down and I was in a quandry as to whether they could still move down as they were already at or well past their normals ranges.

But I finally let one trigger...eurusd short. I saw an IB on the Mt4 chart, and put the pending sell at price just below it's low on FXCM where I marked the top black line. H1 & D1 were both red, and it was below the daily open. It triggered and started going down...Great! I thought. Then it started going up..not so great. I hadn't put a s/l so my finger was poised over the close position button if it got to be more than -20...and it got to that point.

So then I decided, if I was going to lose this one, then maybe I could wait until it wiggled back down a bit and close around -10 instead. And it did go back down, and then in a couple of quick pulses, went into profit again and hit my t/p for +9 :)

Image



That's great to hear Sweet Pip. I've joined the ranks of using TRO's methods this week myself.

I grabbed the FXCM free $25 for signing up special and they deposited the money in my account on Monday.

I have traded since then using TRO's BuyZone and DIBS methods.

The simplicity of these methods is what attracted me to them.

Hope everyone has had a great trading week so far.

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razorboy
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Postby razorboy » Fri Jan 16, 2009 10:10 am

you mean a ranging market with huge volatility is difficult?

ha ha ha

Has anyone other than TRO been following this thread - http://www.forexfactory.com/showthread.php?t=86429

first part is excellent, but after billy ray stops posting it all goes to crap

If we could find Billy Ray and Peter Crowns......

MightyOne wrote:This was definitely not very easy price action to trade.

Again, short only had the lowest risk potential as price was respecting major ZL's

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vladv
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Postby vladv » Fri Jan 16, 2009 10:12 am

If we could find Billy Ray and Peter Crowns......

I think that they are the REAL market wizards! :D

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cfabian
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Postby cfabian » Fri Jan 16, 2009 3:33 pm

Sorry TRO,
If this is already possible (having marked H1 or whatever timeframe 1/3rds in a lower timeframe chart), how does it set up? Or is an indicator that needs to be coded?

Cheers


TheRumpledOne wrote:
cfabian wrote:TRO, is it possible to have a fixed 1/3rd indicator on the H1 candles outlayer, to be used on lower timeframes to use in Mighty's approach?

Thanks


Yes, it is possible.

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MightyOne
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Postby MightyOne » Fri Jan 16, 2009 6:05 pm

razorboy wrote:you mean a ranging market with huge volatility is difficult?

ha ha ha

Has anyone other than TRO been following this thread - http://www.forexfactory.com/showthread.php?t=86429

first part is excellent, but after billy ray stops posting it all goes to crap

If we could find Billy Ray and Peter Crowns......

MightyOne wrote:This was definitely not very easy price action to trade.

Again, short only had the lowest risk potential as price was respecting major ZL's

Image


No, all I said is that it was not 'very easy.' :wink:

The first thing I did in such price action was to eliminate 1 direction so that I couldn't get whipsawed.
After that it was just a matter if asking for an even better price and exiting with a profit quickly.

If we could find.....

You know who you all need to find so badly?

You need to find your self and listen to him :wink:

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Sweet Pip
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Postby Sweet Pip » Fri Jan 16, 2009 8:06 pm

MightyOne wrote:
If we could find.....

You know who you all need to find so badly?

You need to find your self and listen to him :wink:


You mean TRO!.... :smt040
It's not always about getting what you want...it's wanting what you've got!

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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 16, 2009 9:53 pm

razorboy wrote:you mean a ranging market with huge volatility is difficult?

ha ha ha

Has anyone other than TRO been following this thread - http://www.forexfactory.com/showthread.php?t=86429

first part is excellent, but after billy ray stops posting it all goes to crap

If we could find Billy Ray and Peter Crowns......



Billy Ray has a blog HERE
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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razorboy
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Postby razorboy » Sat Jan 17, 2009 5:07 am

Hey, MO - we listen to you don't we :)

Was reading Billy Ray's postings and blog and thinking about support, resistance and trendlines (read a short article on DeMark Trendlines)- yes this is how I pass my time

Here is a question for you all - and maybe it is obvious to some of you (or obviously stupid to others). Who, buyers or sellers, is responsible for a run up in price of a currency/security/asset
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 » Sat Jan 17, 2009 5:55 am

razorboy wrote:Hey, MO - we listen to you don't we :)

Was reading Billy Ray's postings and blog and thinking about support, resistance and trendlines (read a short article on DeMark Trendlines)- yes this is how I pass my time

Here is a question for you all - and maybe it is obvious to some of you (or obviously stupid to others). Who, buyers or sellers, is responsible for a run up in price of a currency/security/asset


I cannot show you any thing which is not already right in front of your own eyes.
Most of the time the price action is so predictable because people are so mechanical that I simply enter.

How many times do you enter and price just trends against you right away with every bar being opposite to your trade direction?

Personally It almost NEVER happens...NEVER!

I see some thing and I enter and if I am wrong (candle closes against me) I can almost always exit for zero loss IF ZERO LOSS is my goal (which it is) and I am not thinking about what could happen and holding onto a position.
Yes, I am telling you to trade what you see and "just do it" and #@!n near all of the time should price close against you on the 5m you should be able to exit with zero loss.
Yes, you can trade TRO's DIBS without fear for if a 5m candle closes against you then most of the time you can exit for @#$n near zero loss if you make a small loss your goal when a candle closes against you.

Trading is so simple and requires so little brain power that I can and often do trade with a 6 pack next to me...go ahead and "*gasp*."

In answer to your question, both buyers and sellers are responsible for a rise
:wink:

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MightyOne
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Postby MightyOne » Sat Jan 17, 2009 5:58 am

Sweet Pip wrote:
MightyOne wrote:
If we could find.....

You know who you all need to find so badly?

You need to find your self and listen to him :wink:


You mean TRO!.... :smt040


lol, your inner TRO...

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