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TheRumpledOne
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Postby TheRumpledOne » Mon Mar 16, 2009 10:55 pm

Image

Does the Money Management look right to you, MO?

I updated the TRO DRAGON MONEY MANAGEMENT indicator to work with 3 and 5 decimals.
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TRO_DRAGON_MONEY_MGMT.zip
(19.17 KiB) Downloaded 123 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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MightyOne
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Postby MightyOne » Tue Mar 17, 2009 1:33 am

TheRumpledOne wrote:"or until account death...which is an impossibility "

ANYTHING CAN HAPPEN!!


Nothing happens that I do not will to happen :wink:

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Postby prochargedmopar » Tue Mar 17, 2009 1:58 am

Anything can happen.
Yes I have more then 10min to trade but it always gets me in trouble.
Traded the NY session for 6 hrs. +2 pips
Finished this afternoon session (asian) 3hrs.......-59.5 pips.

MO, thanks for the info....
I had 9ish, 9.x stopouts trading e/j this afternoon.
Buying at resistance, selling at support time after time.
Am I a scalper?
Am I an investor?
I'm not acting as a consistently winning trader, that's for sure.
I"m using scalping stops and trying to get investor profits.
I'm lost.
Need to fix the head and then come back to trading.
I read that if you don't know who you are the market is an expensive place to find out.
I SAY:
THE MARKET IS THE ONLY PLACE FOR SOMEONE TO FIND OUT WHO THEY ARE. It's interesting to say the least.
Cheers.
#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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es/pip
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Postby es/pip » Tue Mar 17, 2009 3:18 am

prochargedmopar wrote:Anything can happen.
Yes I have more then 10min to trade but it always gets me in trouble.
Traded the NY session for 6 hrs. +2 pips
Finished this afternoon session (asian) 3hrs.......-59.5 pips.

MO, thanks for the info....
I had 9ish, 9.x stopouts trading e/j this afternoon.
Buying at resistance, selling at support time after time.
Am I a scalper?
Am I an investor?
I'm not acting as a consistently winning trader, that's for sure.
I"m using scalping stops and trying to get investor profits.
I'm lost.
Need to fix the head and then come back to trading.
I read that if you don't know who you are the market is an expensive place to find out.
I SAY:
THE MARKET IS THE ONLY PLACE FOR SOMEONE TO FIND OUT WHO THEY ARE. It's interesting to say the least.
Cheers.


what strategy were you trading?

zero lines? or "support and resistance"

if you were trading zero lines, post some charts with the zl's and your entry and exits and lets see if someone can see what went wrong.

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MightyOne
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Postby MightyOne » Tue Mar 17, 2009 3:34 am

prochargedmopar wrote:Anything can happen.
Yes I have more then 10min to trade but it always gets me in trouble.
Traded the NY session for 6 hrs. +2 pips
Finished this afternoon session (asian) 3hrs.......-59.5 pips.

MO, thanks for the info....
I had 9ish, 9.x stopouts trading e/j this afternoon.
Buying at resistance, selling at support time after time.
Am I a scalper?
Am I an investor?
I'm not acting as a consistently winning trader, that's for sure.
I"m using scalping stops and trying to get investor profits.
I'm lost.
Need to fix the head and then come back to trading.
I read that if you don't know who you are the market is an expensive place to find out.
I SAY:
THE MARKET IS THE ONLY PLACE FOR SOMEONE TO FIND OUT WHO THEY ARE. It's interesting to say the least.
Cheers.


When a member of Kreslik is not a profitable trader it pains me deeply and probably more so than the pain you feel :shock:
I will do every thing in my power to make you profitable...

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MightyOne
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Postby MightyOne » Tue Mar 17, 2009 4:02 am

Ok, I am going to take us back in time to when my friend Richie and I were exploring the Forex Market.

I developed a form of technical analysis that I called "The Water Horse" for its ability to ride through the ups and downs of the market with ease.

First we must define what a bullish and bearish candle are:

Bullish: closes beyond the mid way-point between the open and the high.
Bearish: closes beyond the mid way-point between the open and the low.

Water Horse is pattern trading:

2 consecutive bullish bars: Bullish after the close of the next bearish bar.
The reversal is a bar closing lower than the bearish bar.

2 consecutive bearish bars: Bearish after the close of the next bullish bar.
The reversal is a bar closing higher than the bullish bar.

Bullish followed by bearish followed by bullish: Bearish unless price closes above the bullish bar in the pattern.

Bearish followed by bullish followed by bearish: bullish unless price closes below the bearish bar in the pattern.

Any bar that is not considered bullish or bearish is counted over.

Bullish and bearish do not mean go long or short it means trade with candle color in that direction only.

This was my groups foundation for profitable trades about a year ago :shock:

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MightyOne
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Postby MightyOne » Tue Mar 17, 2009 4:26 am

Errors in post~~~

I suffer from being human :oops:

deeforex
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Postby deeforex » Tue Mar 17, 2009 4:39 am

MightyOne wrote:Ok, I am going to take us back in time to when my friend Richie and I were exploring the Forex Market.

I developed a form of technical analysis that I called "The Water Horse" for its ability to ride through the ups and downs of the market with ease.

First we must define what a bullish and bearish candle are:

Bullish: closes beyond the mid way-point between the open and the high.
Bearish: closes beyond the mid way-point between the open and the low.

Water Horse is pattern trading:

2 consecutive bullish bars: Bullish after the close of the next bearish bar.
The reversal is a bar closing lower than the bearish bar.

2 consecutive bearish bars: Bearish after the close of the next bullish bar.
The reversal is a bar closing higher than the bullish bar.

Bullish followed by bearish followed by bullish: Bearish unless price closes above the bullish bar in the pattern.

Bearish followed by bullish followed by bearish: bullish unless price closes below the bearish bar in the pattern.

Any bar that is not considered bullish or bearish is counted over.

Bullish and bearish do not mean go long or short it means trade with candle color in that direction only.

This was my groups foundation for profitable trades about a year ago :shock:


MO,

thank you for taking the time to help us trade profitably.

I'm having a difficult time understand a few of your statements. In particular, the ones after a colon, ":"

I'm really at a loss as to what you are saying below :( I only understand it up to the point where it says 2 consecutive bullish/bearish bars. Everything in bold is very confusing. I don't know how the sentences relate to each other.

2 consecutive bullish bars: Bullish after the close of the next bearish bar.
The reversal is a bar closing lower than the bearish bar.


2 consecutive bearish bars: Bearish after the close of the next bullish bar.
The reversal is a bar closing higher than the bullish bar.



Bullish followed by bearish followed by bullish: Bearish unless price closes above the bullish bar in the pattern.
Are you saying that this Bullish-Bearish-Bullish pattern would be considered "Bearish unless price closes above the bullish bar in the pattern"

Bearish followed by bullish followed by bearish: bullish unless price closes below the bearish bar in the pattern.
Are you saying that this Bearish-Bullish-Bearish pattern would be considered "bullish unless price closes below the bearish bar in the pattern"
Last edited by deeforex on Tue Mar 17, 2009 4:41 am, edited 1 time in total.

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MightyOne
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Postby MightyOne » Tue Mar 17, 2009 4:41 am

deeforex wrote:
MightyOne wrote:Ok, I am going to take us back in time to when my friend Richie and I were exploring the Forex Market.

I developed a form of technical analysis that I called "The Water Horse" for its ability to ride through the ups and downs of the market with ease.

First we must define what a bullish and bearish candle are:

Bullish: closes beyond the mid way-point between the open and the high.
Bearish: closes beyond the mid way-point between the open and the low.

Water Horse is pattern trading:

2 consecutive bullish bars: Bullish after the close of the next bearish bar.
The reversal is a bar closing lower than the bearish bar.

2 consecutive bearish bars: Bearish after the close of the next bullish bar.
The reversal is a bar closing higher than the bullish bar.

Bullish followed by bearish followed by bullish: Bearish unless price closes above the bullish bar in the pattern.

Bearish followed by bullish followed by bearish: bullish unless price closes below the bearish bar in the pattern.

Any bar that is not considered bullish or bearish is counted over.

Bullish and bearish do not mean go long or short it means trade with candle color in that direction only.

This was my groups foundation for profitable trades about a year ago :shock:


MO,

thank you for taking the time to help us trade profitably.

I'm having a difficult time understand a few of your statements. In particular, the ones after a colon, ":"

I'm really at a loss as to what you are saying below :( I only understand it up to the point where it says 2 consecutive bullish/bearish bars. Everything in bold is very confusing. I don't know how the sentences relate to each other.

2 consecutive bullish bars: Bullish after the close of the next bearish bar.
The reversal is a bar closing lower than the bearish bar.


2 consecutive bearish bars: Bearish after the close of the next bullish bar.
The reversal is a bar closing higher than the bullish bar.



Bullish followed by bearish followed by bullish: Bearish unless price closes above the bullish bar in the pattern.
Are you saying that this Bullish-Bearish-Bullish pattern would be considered "Bearish unless price closes above the bullish bar in the pattern"

Bearish followed by bullish followed by bearish: bullish unless price closes below the bearish bar in the pattern.
Are you saying that this Bearish-Bullish-Bearish pattern would be considered "bullish unless price closes below the bearish bar in the pattern"


All you have to remember is:

Down-up is bearish
Up-down is bullish
Down-up-up is bullish
Up-down-down is bearish

The only thing you have to decide on is how a bearish or bullish candle is defined.

BTW: I am talking 100 not 101 :lol:

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MightyOne
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Postby MightyOne » Tue Mar 17, 2009 5:19 am

Image

MO 100:

This chart uses TRO definition of a bull and bear candle as being either red or green.

DU = Bearish
UD = Bullish

after you get the above:

U after DU = bullish
D after UD = Bearish

Bearish and bullish does not mean short it means that that is the direction you are looking to trade in.

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