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TheRumpledOne
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Postby TheRumpledOne » Sat Feb 21, 2009 6:03 pm

es/pip wrote:http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader-tax/


gotta love our gov't


unreal


NO, I don't!!!

I HATE THE BASTARDS.

Their response to everything is to:

1) restrict/regulate it

2) tax it.

A REVOLUTION IS LONG OVERDUE!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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JESGPY
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Postby JESGPY » Sat Feb 21, 2009 6:12 pm

TheRumpledOne wrote:MORE ON ZERO LINES (continued)


Image

Years ago, when I was using TradeStation, someone introduced to me the concept of "battle lines" and explained trading in war terms. That led me to develop the GRIDIRON.

I was pondering zero lines and remembered battle lines.

GREEN CANDLE - high is buyer's advance, close is buyer's retreat.

RED CANDLE - low is seller's advance, close is seller's retreat.

So I wrote TRO_AdvanceRetreat to mark those "battle lines".


The M5 chart above has the H1 candle shawdow( dotted lines ).

TRO_AdvanceRetreat ( M5, 1 BAR AGO SOLID LINES )

TRO_AdvanceRetreat ( H1, 1 BAR AGO DOTTED LINES )


So what happened during the last H1 candle on the chart?

Sellers had retreated (1.2885), rested and made another push forward.

Sellers pushed past previous advance point(1.2876).

Buyers stopped the sellers(1.2855) and have caused seller to retreat(1.2861).

Does that help you to SEE?


FREE MT4 version of TRO_ADVANCE_RETREAT, including SOURCE CODE and template) attached.



TRO COULD YOU EXPLAIN THIS A LITTLE BIT MORE.

Thanks. JUAN

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TheRumpledOne
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Postby TheRumpledOne » Sat Feb 21, 2009 6:29 pm

This is from Ronald Raygun's ForexFactory profile:


Here's a tip for the newbies who are learning to trade.

Ignore all that hype for various systems. Remember--for now--this one fundamental rule: The exit is more important than the entry.

With that in mind, I want you to do the following on a demo account:

1) Toss a coin: Heads long, Tails short
2) Manage the trade as you see fit. If you think the trade is bad, exit.
3) When you exit a trade, go back to step 1.

If you can double your account in less than 50 flips, I consider you a good enough trader to go live. I personally average between 20 and 30 flips, and I do it once a week, on the weekends, trading simulated data.

Simulator


Try it. It helps, LOADS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby xmess7 » Sat Feb 21, 2009 6:31 pm

Hello guys/gals:

I read the bill (yep I'm a study freak) at
http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.1068.IH:
In Section 2, item 8 it states the following:
"All revenue generated by this transfer tax should be
deposited in the general fund of the Treasury of the United States. ...."

The Key word is "should". You know what that means right?
It means that the legislator can do with the funds as they please.
Of course under a "legal" reason. So who the hec will get the benefit??
Bunch a bull in my opinion LOL

Aside from fighting it, I hope that any of the reps that
oppose it use this as a fact to bring the bill down before
it is even considered for a vote.

BTW it this has been happening for the last 10 years.
Someone brings the idea up and then it gets defeated.

Whatever happens I am ready to make any
transition or change.

Just some thoughts... :)

PS: The bill does not directly mention forex. It is not clear what the definition means
in the Securities Exchange Act of 1934, http://www.law.uc.edu/CCL/34Act/index.html.
Let me get a lawyer LOL.


RicG wrote:Hi ES,

I posted that link and several other concerning this issue yesterday on this board, and no one responded. I thought more traders on this board would be concerned about potential legislation that could jepordize their trading business.

I've also posted that same info on other boards and they are taking massive action to make sure this legislation is defeated. I hope traders on this board will help out as well.

Thanks,
Ric





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Posted: Today at 4:31 pm Post subject: (No subject)



http://www.rallycongress.com/no2tradert ... rader-tax/


gotta love our gov't


unreal

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TheRumpledOne
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Postby TheRumpledOne » Sat Feb 21, 2009 6:31 pm

JESGPY wrote:TRO COULD YOU EXPLAIN THIS A LITTLE BIT MORE.

Thanks. JUAN


Ask specific questions.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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JESGPY
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Postby JESGPY » Sat Feb 21, 2009 6:34 pm

I did not understand how to use it.

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TheRumpledOne
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Postby TheRumpledOne » Sat Feb 21, 2009 6:39 pm

It simple plots the high, low and top or bottom of the candle.

You can change the input so it plots for the previous candle. So you see if price is "advancing" or "retreating" and who is winning the battle... buyers or sellers.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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JESGPY
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Postby JESGPY » Sat Feb 21, 2009 6:40 pm

ok. thanks

xmess7
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Re: Semafor............

Postby xmess7 » Sat Feb 21, 2009 7:20 pm

Guys hi, I couldn't resist I have to make a comment on this coming
EURUSD trade. I hope I don't through a wrench into what you guys are
doing, especially to the newbies. The ZeroLine stuff you guys are
working on is fantastic. I on the other hand have like 2 or 3 methods I
mess with. Anyway here goes.

Tro posted this a couple of threads ago, where he explains the 3SemaFor.
I concur that price could go short on this pair. Let me show you why I
think it will go down. I've edited the image with my observations. This is
one method I use to make trades. You can check the videos out at

http://bluestar-graphics.com/trade.html. It's "Trade in the Buff",
you see the basics on there. I use it to it's fullest potential.

I didn't get in the trade at the point where I saw the movement.
I was busy with the GBJPY and EURJPY shorts, I netted 220pips.
But, there is also two more pairs that could comfirm this
LONG USDCHF
SHORT EURAUD.
I see that happening next week as well. If those move like so well then
that probably will affect the EURUSD to SHORT next week as well.

Again anyone need any help or info send me an email...
Yes, yes.. I'll share what I am doing soon. ...

Image

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Postby MightyOne » Sat Feb 21, 2009 9:16 pm

Here is a strategy I made money with that I call the Momentum Trap.
I tradeed this with an e-friend not too long ago and it worked just fine.

As soon as the day begins you wait for a minor pivot (Google) and place a buy/sell stop 25 pips beyond the pivot.
If a higher pivot forms without triggering your stop then move the order 25 pips beyond the new minor pivot.

Another way is to use m15 (480) instead of 25 so that it represents that pairs volatility.

Exits: The worst thing you can do with this is target small profit.
If you must then take 2/3 off for at least +8 and hold the last 3rd.

Orders can only be lower than the current daily low and higher than the current daily high and cannot be placed from a lower high pivot than the highest made during the day + vise versa.

Image

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