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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 17, 2008 6:44 pm

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TRO DYNAMIC FIBS SR will plot the fibs for you.

Just set the fib inputs to TRUE!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Fri Oct 17, 2008 6:49 pm

ewokuk wrote:i give up. i dont know what im looking for anymore and ive lost all confidence in being able to pick any trade so end up opening them all over the place.


Then stop doing that.

Wait for the H1 and D1 candles to be the same color and enter the trade at a HORIZONTAL LINE.

It's that simple.

Or you can wait for the reversal trade like I just illustrated.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Oct 17, 2008 6:51 pm

xmess7 wrote:Kewl, I'll wait for it!

Mr TRO, I am starting to get to the point where all I do is draw fibs on the H1 range and do entries on the lower time frames. I am starting to SEE with more clarity price direction. Now if I had some stats... boy that would be awesome... the EDGE, the EDGE!!

Keep up the great work, Mr TRO.



Please post a chart and show others what you do.

Thanks.
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Postby TheRumpledOne » Fri Oct 17, 2008 6:58 pm

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That trade was worth 10+ pips.

Was it worth the wait? YES!!

Do you realize what would happen if you started out with just 1 mini lot and did that once a day?
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Postby TheRumpledOne » Fri Oct 17, 2008 7:07 pm

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Back to waiting.
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Postby TheRumpledOne » Fri Oct 17, 2008 7:21 pm

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Here's when the statistics come into play.

In the last 960 H1 bars, we have had 7 green in a row 4 times and an 8 in a row 1 times. No 9 in a row. Which way will price most likely go.. Up or Down?

ANYTHING CAN HAPPEN but statistically, place your money on RED.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Oct 17, 2008 7:23 pm

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That sure didn't take long...LOL!!
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Postby TheRumpledOne » Fri Oct 17, 2008 7:41 pm

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When things stack up in your favor ( lower highs, lower lows, candle count, candle color, bias, pivots, etc...) you have the statistical "edge" over the house. All you have to do is TAKE THE TRADE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Oct 17, 2008 8:03 pm

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Stats win, house loses.

DRAIN THE BANKS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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ewokuk

Postby Al Mo » Fri Oct 17, 2008 8:03 pm

ewokuk wrote:i give up. i dont know what im looking for anymore and ive lost all confidence in being able to pick any trade so end up opening them all over the place.


I am probably the last person to suggest anything, but I think this might help

The first thing you need to do is be able to identify where the midpoint is on the 1H bar. Do that for a few hours - if your impatient you can try this on the shorter time frames. The important thing to remember here is - this is where ultimately price wants to return to. This is ESPECIALLY important where the 1 H is concerned. Look at all of the 1H charts TRO has recently posted...look where the two dots are he has (yellow for current midpoint, brown for previous bar's midpoint). Note how the current bar comes back to the previous midpoint.

Once you see this for yourself, you already see a statistical advantage as you have a higher change of price returning to this mark.

The next step is money management - when you trade, make them small (i.e .10 of a lot), price comes back and you take your profit. If it goes against you, you just add another .10 once the lower time frames start coming back to the midpoint of the 1H.

Don't forget - you can trade this via the trading simulator (ala vHands and vTerminal) for MT4. If you don't have either of them, head over to ForexFactory and do a search for vHands - Blue Ruby posted these in a thread specific for vHands.

Attaching a chart for the Euro - note that Orange is previous bar, and blue is current for the midpoints.
Attachments
middle3.gif
middle3.gif (29.46 KiB) Viewed 2601 times

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