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marcromero
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Postby marcromero » Thu Nov 13, 2008 3:14 am

Are you saying that you made about 780 pips today? If so which mehtod are you using. Could you please give clear details so we can all learn from your success today. Thanks


xmess7 wrote:
pierre23 wrote:I just used the sweet spot gold indicator and changed the colours to grey.


Dude I started using the horizontal lines today.
I did a similar thing like the FIBS I was using.

I added the CustomCandle indi just to see if I could follow the H1 thingy.
Sometimes I did, sometimes I didn't. It was interesting to really see how PRICE doesn't "care". She's a biatch LOL.

Man, it was a crazy day.

Today, I estimate 780 pips... in several hours .. from $2.5 to $3.1 per pip.
I estimate cause when I trade I don't pay attention to the account. balance
All I pay attention is to the moment.

Kewl Krazy stuff.

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pierre23
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Postby pierre23 » Thu Nov 13, 2008 3:16 am

your around 780pips up today? very nice man =] So you're just using the lines? What timeframe are you trading in? Also what currency pair?

Oh, I tried your indicator too, it keeps asking me to input a FIB LEVEL.. what do I put for the FIB LEVEL above and below price?

cheers.

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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 13, 2008 3:30 am

Image

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6425

GO LONG.

SEE PROFIT.
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 » Thu Nov 13, 2008 4:46 am

Image

SEE RED CANDLE.

SEE RED CANDLE AT 0.6400

GO SHORT.

SEE PROFIT.
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.

xmess7
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Postby xmess7 » Thu Nov 13, 2008 4:55 am

Sorry about the FIB LEVEL thing.
I haven't automated that It's the FIB level above and below the current price. That's all. It will then tell you when price is close to a fib and which way to enter trade.

All it really should be is an ALERT. Nothing else. That way you can be somewhere else or doing something else on the computer. The Alert would just pop up and get you ready for the entry.

I will fix all that soon. Sorry.

I think I posted an image of one of todays trades somewhere. If not see below.

The idea was the same as with the FIBS crossing. Except this time I used the GoldLine indi.
All I did was place the GoldLines with sublevel at 70PIPS. 70pips for me was reasonable in terms of SEEing price range around that. I use the GBPJPY exclusively. I also used the CustomCAndle indi to SEE how the H1 was appearing when I was down at the 5 or 15min TimeLevel.
Plus I used the SP_openLine to SEE the Buyzone at the openhour.

So then I would wait for the beginning of each hour.
Then I would LOOk at what price did in respect with the openHour price. (Sort of using the BuyZone logic)
If openPrice was near one of the GoldLines I wait till it reached the next GoldLine. Then enter in the direction Price was cutting thru the line.

Now there were two times that I had entered and PRICE went the other way. But because I actually was able to SEE how PRICE was reacting or going I hung in there. Sometimes I would hedge just in case but once Price started to move the direction I saw it move in I would place a third entry in that direction. Eventually PRICE moved so much that the hedge difference was overcome by the third entry I had placed.

Plus I would only go for 5-20 pips a pop. However on the image (one of today's trades) below, I took a bit of a risk. I entered the trade as a short and then went to the H1 TimeFrame and there SAW that price was coming DOWN. So I left the trade for 50 or so minutes. When I closed.. it was 295pips... $5757
KRAZY. I didn't try it again LOL. The rest of the day I would just hit 5, 15, 20, 40 pips at a time for like 3 or 4 entries in that same hour. I took my time, I would rest and take a walk then come back and do it every other hour.

I am trying to formulate my own rules as to what I did. I don't have anything definite yet but here are some basic ones.

1. Trade in the first 30 to 40 minutes.
2. Avoid the last 10 or 5 minutes wait for the new hour to appear.
3. Don't trade the GoldLine that is near the openHouir (say 5-10 pips).
4. If you see the formation of a second candle of same color and it is crossing a GoldLine. Take the trade and expect(possibly) a third candle of same color.
6. If pair is ranging 70+ you might see price cut thru at least two lines.

There may be more rules but it takes experience to make good determinations.

I made the same trades on this practice account as I did on my real account.

Sorry for the long post. I hate doing that ...

I will keep you guys posted.
Image


pierre23 wrote:your around 780pips up today? very nice man =] So you're just using the lines? What timeframe are you trading in? Also what currency pair?

Oh, I tried your indicator too, it keeps asking me to input a FIB LEVEL.. what do I put for the FIB LEVEL above and below price?

cheers.

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xmess7
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Postby xmess7 » Thu Nov 13, 2008 5:47 am

Sorry about the huge image on the previous post I made.

Just wanted to share something I believe in firmly. I don't really care if I lose. All I care about is understanding the simple approach that TRO has shown us. The rest will come.

Yes trading is about getting and holding on to MONEY. But, as for me, all I really need is GOD, health, and all the folks I care for. The more I give (time, funds, my experience) the more I receive (knowledge,health, peace).

I recommend that you guys grab a copy of "Think and Grow Rich" Napolean Hill. Or just check him out at youtube.

He that controls his mind can do ANYTHING....

NEVER EVER GIVE UP.

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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 13, 2008 5:56 am

Image

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6400

GO LONG.

SEE PROFIT.

ARE YOU STARTING TO SEE HOW THIS WORKS?
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 » Thu Nov 13, 2008 6:14 am

Image

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6425

GO LONG.

SEE PROFIT.

OK, I think I have proved my point.

Any questions?
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 » Thu Nov 13, 2008 6:17 am

xmess7 wrote:Sorry about the huge image on the previous post I made.


Chart size was fine... PLEASE DON'T POST SMALL CHARTS!

Thank you for sharing.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 13, 2008 6:23 am

willkohsg what does the numbers mean?? wait -22% 41 ??


Xmess, please tell willkohsg over on BabyPips that 22% is the level of the current price where 0% is support and 100% is resistance. 41 is the number of pips between support and resistance.

Thannks.

P.S. Also tell them to come to Kreslik if they want to ask TRO about TRO indicators and methods.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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