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TheRumpledOne
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Postby TheRumpledOne » Sun Sep 06, 2009 1:10 am

Image

Remember what H. Rearden said?

"Now, 2 patterns of market behaviour happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)"


After price makes a new low, I will enter long on a green M1 or M5 candle (within 20 pips of the low) with a 10 pip stop loss. Sooner or later, price reverses and I catch the move. This is simple and I don't get beat by the rat.

dailyhl20pips template attached. You should already have the indicators TRO_PLOT and TRO_DYNAMIC_FIBS_SR_TRAIL.

I really hate seeing fellow traders struggling. KEEP IT SIMPLE.
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TheRumpledOne
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Postby TheRumpledOne » Sun Sep 06, 2009 2:29 am

TRO_MOMO

Image

Happy face - momo increasing

Sad face - momo decreasing

"X" - momo reversing.

FREE MT4 version of TRO_MOMO, including SOURCE CODE, attached.


PLEASE DO NOT POST MY CODE ON OTHER FORUMS.
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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.

frang0nve
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Thanks for your indicators!!

Postby frang0nve » Sun Sep 06, 2009 6:43 am

TheRumpledOne wrote:
I really hate seeing fellow traders struggling.


But we need other traders struggling to make profits!!

If somebody has to consistently make money in forex (financial markets), then a consistent supply of struggling traders will be required.

And really nothing can be done about it except regulating or closing the markets and then bringing misery to the masses.

In my opinion, in financial markets you find:

1 small percentage of consistent big winners
2 bigger percentage of small winners
3 somewhat bigger percentage of small losers
4 even bigger percentage of big losers

(Ok, size relationship between groups 3 and 4 is debatable).

Membership to any of this groups is not permanent, but the groups and the size relationship between them can't change too much.


What you and others like you are doing with your teachings is moving some temporary members from groups 3 and 4 to groups 1 and 2.

But at the same time some current members of group 1 and 2 will be downgraded (those with an edge worse than the edge your successful students are acquiring).

I'm currently in the group 3 and I work to move permanently to group 1 (directly or after a short visit to group 2) :D .

But I know and accept that my (more than sure 8) ) change of membership will affect adversely to somebody else.

And I know that I have to keep improving my edge to avoid being downgraded.

COMMENTS AND CRITICS ARE WELCOMED

Cheers


Francisco
Last edited by frang0nve on Sun Sep 06, 2009 10:30 am, edited 1 time in total.

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pablo101
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Postby pablo101 » Sun Sep 06, 2009 10:30 am

TheRumpledOne wrote:TRO_MOMO

Image

Happy face - momo increasing

Sad face - momo decreasing

"X" - momo reversing.

FREE MT4 version of TRO_MOMO, including SOURCE CODE, attached.


PLEASE DO NOT POST MY CODE ON OTHER FORUMS.


Happy and sad face so funny. Don't u just luv TRO's indis ;)

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MightyOne
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Postby MightyOne » Sun Sep 06, 2009 2:29 pm

TheRumpledOne wrote:TRO_MOMO

Image

Happy face - momo increasing

Sad face - momo decreasing

"X" - momo reversing.

FREE MT4 version of TRO_MOMO, including SOURCE CODE, attached.


PLEASE DO NOT POST MY CODE ON OTHER FORUMS.


:P

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pablo101
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Postby pablo101 » Sun Sep 06, 2009 3:16 pm

Thank you es, I'm getting better at understanding and implementing and thats thanks to you and the other guys, Cheers! :)

es/pip wrote:
pablo101 wrote:I didn?t take this trade and I?m not exactly giving out the crown jewels but here is my take on what Zline and MZ is about.

1. Today the 4th September, I start with daily chart on the EJ
2. 4th could have long possibilities long due to these facts:
a. Daily showing bears are in control for the last eight days
b. Almost a key reversal day
c. Almost an inside bar on the 3rd and the market breaks the top pin on the 4th
3. Dial down to the H4
4. Momentum on the 400 bar yesterday, zline and mzone marked up
5. Notice fib 38.2 line and zline confluence, so note this may be a strong area, a place to zline profits before any possible move up
6. Switch to h1
7. Possible reversal on the confluence, see h1 chart
8. On h1, I see live candle turn bull colour, switch to lower tf for entries
9. On five minute first entry, put buy limit order @ 132.60
10. For SL use minimum move trader?s trick. 5M 288 range * 2.5. Let?s say the range is 15.5 * 2.5 = 38.7 pips. This 38.7 pips give a 90% chance you won?t get wicked out or you can get out at BE or minimum loss.
11. How many lots to trade? Say you have a $400 account. You want to risk 4% which is 16 bucks a trade. 16 divided by your SL 38.7 is $0.41 per pip or 4 micro lots.
12. Or SL you can use maybe below MZ @ 132.41 giving a 19 pip stop
13. Aggressive bank drain method: Keep a fixed SL of 20 and make 80 pips without a loss, then double unit size, keep risk at 20 pips until you lose 1. Once you lose 1 trade, then start all over again.
14. Possible targets (still unclear :() 3:1/4:1 RR or h4 zline @ 132.79 or h1 zline @ 132.83 or pray for more, not sure if it helps but makes me feel better
15. Repeat and repeat until you can afford to buy something small

I think this is right as I?m still in the black at the end of the week so I must be doing something right. Whether I?m helping or hindering others to learn, I leave it up my fellow peers to critique me. Feel free to flame as I need a beating now and again :)

EDIT: I decided to give up attaching charts and attached a pdf with all mentioned charts. Have I said how I hate kreslik website :(



14. Possible targets (still unclear :() 3:1/4:1 RR or h4 zline @ 132.79 or h1 zline @ 132.83 or pray for more, not sure if it helps but makes me feel better
----------------------------------------------------

there is no right or wrong as far as targets.

this is just what i do

i never target down i always target = or up

meaning

if i take a trade based off a h4 zl i am targeting the next held profit on the h4 or higher

i will be aware of where the h1 zl is on the way to the target and if the PA stops at the h1 i make a decision to stay in or get out and poss get back in.

and

watch the PA if you have a target and the PA says its not going to go ---just get out---- then if the PA turns back in your direction get back in

edit-------------------



if there is no clear target of held profit then just use PA to get out
:D :D

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TheRumpledOne
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Postby TheRumpledOne » Sun Sep 06, 2009 3:25 pm

pablo101 wrote:Happy and sad face so funny. Don't u just luv TRO's indis ;)


Just having fun. Simple to understand though.

By the way, I made those inputs, so you can change the symbols without having to edit the source.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Sun Sep 06, 2009 3:31 pm

Image

Price doesn't like to stay in one place much now does it?

If the current candle is GREEN go LONG at the FIRST line it approaches

If the current candle is RED go SHORT at the FIRST line it approaches
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.

User avatar
TheRumpledOne
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Postby TheRumpledOne » Sun Sep 06, 2009 5:19 pm

Image

MightyZones and SweetSpots.
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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TheRumpledOne
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Postby TheRumpledOne » Sun Sep 06, 2009 5:22 pm

Image

MightyZones and SweetSpots on the daily chart.
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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