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Sledge100
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Postby Sledge100 » Sun Feb 15, 2009 5:53 pm

TheRumpledOne wrote:Aaron

On the chart you posted, I don't see any buy/sell lines. All I see are the SR dots.

Post your template. So I can see what you see.



It looks at the highest high/lowest low for the number of bars you tell it to analyze.
That's how it determines where to place the dots.


TRO-
Thanks, OK here is a GBP/USD Daily Chart, I have also posted 3 other images showing the settings on the indicator. These are defaults. I have not changed a thing except the alerts.
Thanks!
Aaron





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Sledge100
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Postby Sledge100 » Sun Feb 15, 2009 5:59 pm

TheRumpledOne wrote:IT'S ALL ABOUT THE ENTRY... a poorly timed entry means no chance to take profit. A poorly timed exit means you may have missed your chance to take profit.


Amen to that! Perfectly worded! Honing your entry gives you the BEST chance to make profits and lets your trade build- takes the pressure off. It is much nicer to have 50 pips and see it move a little against you, than a bad entry with it moving against you, riding drawdown, b/e, then back to profit.
Aaron

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prochargedmopar
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Postby prochargedmopar » Sun Feb 15, 2009 8:48 pm

I don't see any buy or sell signals sledge.

I see support and resistance dots being drawn.

If the candles start to pull away from one or the other you've got to ask yourself a couple questions. What is my reward/risk ratio if I take a trade from the current price? Is the most recent HH/LL higher or lower then the last? Are we trending up/down. Which wave are we in currently and what part of the wave are we in NOW.

From what I see that bad boy is about to break up. How far? Who knows?
It has a higher low but minor resistance at it's current price, what I'd call R1. R2 is at .4985, and R3 would be at .5386. (targets)

Is that enough reward for the stop out price of .4135 if it were to have a candle close south of that point? That would be the price that says, I'm wrong if I was going to take the trade. You can always wait for another candle to close for conformation but then you have less reward. Or do as MightyOne does and ride the next candles wick back up the hill.
It would be nice if you were using candlestick charts so I could SEE better the bodies.

Do I SEE things clearly?
Please tell me if my analysis is off. I'm learning here.
Thanks.
Pro
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

Sledge100
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Postby Sledge100 » Mon Feb 16, 2009 1:22 am

Pro-
Thanks for the reply, well, at the moment it sounds bad, but we are in a wait and see mode with the GBP/USD. That daily bar with a wick is a frightening bar- generally in this pair- it forms because tomorrow (Monday) is Presidents day and the US markets are closed. London pumped the price Friday AM and NY took a bunch of their positions off the table because London will have its way with the pair tomorrow with no US interference.

At the moment we could be entering a stage 2 UP move as the daily bars retraced to 50% Fib. Or we could see that the last upswing we had was a correction for the larger down move. We'll just have to wait and see.
Aaron

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TheRumpledOne
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Postby TheRumpledOne » Mon Feb 16, 2009 1:27 am

Sledge100 wrote:
TheRumpledOne wrote:Aaron

On the chart you posted, I don't see any buy/sell lines. All I see are the SR dots.

Post your template. So I can see what you see.



It looks at the highest high/lowest low for the number of bars you tell it to analyze.
That's how it determines where to place the dots.


TRO-
Thanks, OK here is a GBP/USD Daily Chart, I have also posted 3 other images showing the settings on the indicator. These are defaults. I have not changed a thing except the alerts.
Thanks!
Aaron







Those alert lines are based on the inputs - the percentage away from support.

If you set alerts to false, then no lines are plotted.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby razorboy » Mon Feb 16, 2009 2:33 am

long signal was @ 1.4235...........looked good to me, but I dont trade the pair


prochargedmopar wrote:I don't see any buy or sell signals sledge.

I see support and resistance dots being drawn.

If the candles start to pull away from one or the other you've got to ask yourself a couple questions. What is my reward/risk ratio if I take a trade from the current price? Is the most recent HH/LL higher or lower then the last? Are we trending up/down. Which wave are we in currently and what part of the wave are we in NOW.

From what I see that bad boy is about to break up. How far? Who knows?
It has a higher low but minor resistance at it's current price, what I'd call R1. R2 is at .4985, and R3 would be at .5386. (targets)

Is that enough reward for the stop out price of .4135 if it were to have a candle close south of that point? That would be the price that says, I'm wrong if I was going to take the trade. You can always wait for another candle to close for conformation but then you have less reward. Or do as MightyOne does and ride the next candles wick back up the hill.
It would be nice if you were using candlestick charts so I could SEE better the bodies.

Do I SEE things clearly?
Please tell me if my analysis is off. I'm learning here.
Thanks.
Pro

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prochargedmopar
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Postby prochargedmopar » Mon Feb 16, 2009 3:24 am

EDIT: I see the dotted red and green lines now. thanks

From what I see that bad boy is about to break up.

This is not a see/observation statement. It is a prediction or assumption.

I can not see which way price is moving because the chart is frozen in time.
I CAN see that price had moved up from it's previous time frame. that's it.

In akido there is a mantra:
EXPECT NOTHING, BE READY FOR ANYTHING.

I'm working on it.
Pro
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby MightyOne » Mon Feb 16, 2009 5:20 am

No I did not place this trade, but it would have been nice to turn on your computer and see this :shock:

All you want to see Is a body in the direction of profit and a wick in the direction of loss.

Note that it was the higher momentum close that created the zero line.

The bullish candle was a signal to buy and that lasted until the following weak candle that closed below the zero line and further weakness to the buy side after that.

Image

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TheRumpledOne
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Postby TheRumpledOne » Mon Feb 16, 2009 5:35 am

MORE INSIDE BARS

Image

I added a myPeriod input so you can plot one time frame inside bar triggers on a lower time frame.

M5 Chart shows H1 inside bar triggers.

FREE MT4 version of TRO_InsideBar_Plot attached.
Attachments
TRO_InsideBar_Plot.zip
(5.78 KiB) Downloaded 174 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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mthomas
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thought id share some more

Postby mthomas » Mon Feb 16, 2009 5:44 am

Hello, You may or may not have these
Attachments
murry chart.gif
murry chart.gif (22.69 KiB) Viewed 2478 times
iMA_TrueFibs_Above.mq4
(4.91 KiB) Downloaded 94 times
iMA_TrueFibs_Below.ex4
(4.97 KiB) Downloaded 106 times
Jaimo-JMA.ex4
(11.95 KiB) Downloaded 119 times
sb_Murrey_Math_Lines-3a.mq4
(13.27 KiB) Downloaded 134 times

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