Never Lose Again
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- razorboy
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Say for example you get a reversal at the end of a very very long green H1, you can get a significant drop in price before H1 goes red. Entering this trade put you "against the candle".
I use the 60 minute MA on the 5 minute chart so i can see the trend over the hour without flipping back and forth between charts
Besides I have seen you put a squiggle or two on a chart:)
I use the 60 minute MA on the 5 minute chart so i can see the trend over the hour without flipping back and forth between charts
Besides I have seen you put a squiggle or two on a chart:)
TheRumpledOne wrote:TRO DASHBOARD HL TREND
The statistics tells us when to expect a reversal - after 3 or more like colored bars in a row.
But the PRICE tells us when the reversal is actually happening.
Higher Highs/Lows = Up reversal
Lower Highs/Lows = Down reversal.
TRO DASHBOARD HL TREND (donational indicator) displays the trend for the pairs for the time frame.
- TheRumpledOne
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- Shane
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Hi folks,
I was getting annoyed with manually re-plotting my hourly open line all of the time, so I made a tool that does it for me.
Happy trading
I was getting annoyed with manually re-plotting my hourly open line all of the time, so I made a tool that does it for me.
Happy trading
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- SP_openline.zip
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"If any man can convince me... ...that I do not think or act aright, gladly will I change; for I search after truth, by which man never yet was harmed. But he is harmed who abideth on still in his deception and ignorance." - Marcus Aurelius Antoninus
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- Shane
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I seem to be catching a lot of losing trades lately, but even when I was doing ok the results where far far below dragon or Al Mo.
This makes me think that I could be using the indicator incorrectly - or possibly that I am taking profits too quickly (3-5 pips) and that can't keep up with the 20 pip losses that i get.
Example;
On this chart I would be waiting to enter short at the blue dots, or long(scalp against D1 colour) at the green line - which is where the hourly candle will change colour.
Is this correct?
Help me Obiwan Kenobi - your're my only hope
This makes me think that I could be using the indicator incorrectly - or possibly that I am taking profits too quickly (3-5 pips) and that can't keep up with the 20 pip losses that i get.
Example;
On this chart I would be waiting to enter short at the blue dots, or long(scalp against D1 colour) at the green line - which is where the hourly candle will change colour.
Is this correct?
Help me Obiwan Kenobi - your're my only hope
"If any man can convince me... ...that I do not think or act aright, gladly will I change; for I search after truth, by which man never yet was harmed. But he is harmed who abideth on still in his deception and ignorance." - Marcus Aurelius Antoninus
- Shane
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pierre23 wrote:Thats cool =]
But have you tried TRO's Custom Candle which is good for showing any higher time frame on a lower one? Works a charm =]
edit: it doesn't display the opening hourly price though.. if that's what you're specifically after.
Hey pierre,
I have Custom Candle, and I do use it frequently. It's a great indicator.
In this case I just wanted something very simple that didn't make my charts too 'busy' and with the option of having a price tag .
Cheers
"If any man can convince me... ...that I do not think or act aright, gladly will I change; for I search after truth, by which man never yet was harmed. But he is harmed who abideth on still in his deception and ignorance." - Marcus Aurelius Antoninus
- Shane
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Managed to squeeze 15 pips out of a long trade this time. Could have had a lot more, but I didn't want to be too greedy trading against D1. This is really great, and I am happy about it but I just can't seem to be consistent.
I must say that I feel I haven't really seen the 'IT' that everyone constantly refers to. If I had seen IT then I would be getting comparable results. But I'm not - even after weeks of reading the threads over and over and over again, looking over all of the charts for little clues. Maybe I am just stupid and can't see the forest for the trees?
I really wish that soemone would just tell me what the "IT" is...then I could start digging myself out of this hole and put a smile back where it used to be once upon a time...
"If any man can convince me... ...that I do not think or act aright, gladly will I change; for I search after truth, by which man never yet was harmed. But he is harmed who abideth on still in his deception and ignorance." - Marcus Aurelius Antoninus
Can I ask what indi the white dots are (the tunnel)? I recall a post by Dragon saying NOT to trade when that tunnel is "flat horizontal".. see the link:
http://forums.babypips.com/show-me-mone ... n-197.html
Pierre.
http://forums.babypips.com/show-me-mone ... n-197.html
Pierre.
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