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Manwalker
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Postby Manwalker » Sat Nov 15, 2008 9:47 pm

TheRumpledOne wrote:Image

Just tried it on a computer with the extra digit.

Works fine.


What is that for a exampel????


---------------------------------------

I have here a new question to you, please, in the picture is a false trade and I ask you if I could see that before that it was not good trade, I go there short where the red pricemark is because the two candels before were green and I have think then a sellorder can be make now at this grid line, but like we see it was not good.

What is your meaning to this trade there???

Thanks.
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marcromero
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Postby marcromero » Sat Nov 15, 2008 9:49 pm

ok this is wierd. I've never had this probelm with an indi. I had an image of the error captured but for some reason it will not upload. Any advice on how to make this indi work?

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TheRumpledOne
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Postby TheRumpledOne » Sat Nov 15, 2008 10:02 pm

marcromero wrote:Ok I'll keep trying. I use IBFX they only have 4 digits, could this be a problem?


NO. I have it working on both 4 and 5 digits.
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.

marcromero
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Postby marcromero » Sat Nov 15, 2008 10:06 pm

TheRumpledOne wrote:
marcromero wrote:Ok I'll keep trying. I use IBFX they only have 4 digits, could this be a problem?


NO. I have it working on both 4 and 5 digits.



could you maybe send me a new zip file to see if this works. I've tried everything I can think of. All other indi's work fine but when I load this one it crashes then I have go to my prgram files and delete this indi in order to get platform running again

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TheRumpledOne
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Postby TheRumpledOne » Sat Nov 15, 2008 10:06 pm

Manwalker wrote:
TheRumpledOne wrote:Image

Just tried it on a computer with the extra digit.

Works fine.


What is that for a exampel????


---------------------------------------

I have here a new question to you, please, in the picture is a false trade and I ask you if I could see that before that it was not good trade, I go there short where the red pricemark is because the two candels before were green and I have think then a sellorder can be make now at this grid line, but like we see it was not good.

What is your meaning to this trade there???

Thanks.


Q) What is that for a exampel????

A) That is my TRO CC STATS indicators. It shows how many times the candle was red or green for each hour of the day over the last 240 hours.

Q) What is your meaning to this trade there???

A) I can not tell what you are doing from the chart. Please tell me the entry price and the reason you entered.

DO NOT BE AFRAID TO POST LARGE CHARTS HERE ON KRESLIK.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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marcromero
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Postby marcromero » Sat Nov 15, 2008 10:20 pm

New file works just fine. thanks for sharing Tro.

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TheRumpledOne
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Postby TheRumpledOne » Sat Nov 15, 2008 10:35 pm

You're welcome.

Guess the original got corrupted.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Sat Nov 15, 2008 10:48 pm

Image


Let's look at the horizontal line trade at the 00,25,50,75.

See the last candle?

It opened between 97.250 and 97.000

When price was 97.000 the candle was RED.

Had you gone SHORT, you could have made money.

That's all there is to it.

Nothing more.

SEE RED.

SEE RED AT 97.000

GO SHORT AT 97.000

TAKE PROFIT.

It's that simple.


Image

Here's another example.

Price opened betwen 1.19000 and 1.19250.

The candle was GREEN at 1.19250.

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 1.19250

GO LONG AT 1.19250

TAKE PROFIT.


Image

Now, let's look at a reversal trade.

The rule is wait for 3 or more GREEN H1 candles in a row to go SHORT on the next candle.

The rule is wait for 3 or more RED H1 candles in a row to go LONG on the next candle.

Look at the last candle. The 3 candles before it were RED. That means we wait for GREEN to go LONG.

I know you see that long tail and are thinking about losses so let's look at the M5 chart with the H1 background colored in.

Image

Had you jumped in right at the open, you could have made a quick scalp.

The next M5 candle was RED which means you should NOT BE LONG.

Later during that hour, PRICE turned the H1 candle GREEN again and you can enter.

Now, if you are an experienced trader, you could have gone long on the GREEN M5 candle at 1.55000 or go with the price flow at 1.54750.

The main point to see is:

TRADING AT THE HORIZONTAL LINE IN THE DIRECTION PRICE IS MOVING USUALLY GIVES YOU AN OPPORTUNITY TO TAKE PROFIT.

Now, look back... see 3 GREEN candles in a row. What happened next? REVERSAL! Look back a little a little further. Do you see 3 GREEN candles in a row? What happened next? REVERSAL! Are you starting to see a pattern?

THIS IS SIMPLE.

DO NOT COMPLICATE IT.
Last edited by TheRumpledOne on Sat Nov 15, 2008 11:49 pm, edited 1 time in total.
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.

Manwalker
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Postby Manwalker » Sat Nov 15, 2008 11:41 pm

Thanks for your answers, I think I understand you what you mean, I must also look in smaller Timeframes and see if a entry is good.

The rest is trading like it is.

I think i will trie to trading like this strategie and hope I dont make again to much back and forth orders till loose all money, that is most problem i have till know but also the exit i make to often mistakes and dont take profit, have no solid rules, but a grid line is solid enough for me I hope now and will trie to trading it.

Thanks.

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TheRumpledOne
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Postby TheRumpledOne » Sat Nov 15, 2008 11:53 pm

Image

YOU DON'T NEED TO FLIP BETWEEN TIME FRAMES!

Just use my FREE TRO MULTIMETER CANDLE COLOR indicator.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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