The ideas that I trade by:

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kate682
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Re: The ideas that I trade by:

Postby kate682 » Mon Dec 01, 2014 7:58 pm

Rainman22 wrote:TRO,

Had a great day trading futures with simple horizontal lines. Thank you so much.

Reynaldo



Reynaldo, saw that you are online, would you mind telling me which horizontal line and how you get the confidence. I see time and time again that Tro's concepts work, I just can't make them work for me!
Kate
x

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Re: The ideas that I trade by:

Postby Rainman22 » Mon Dec 01, 2014 9:37 pm

Kate,

I look at a couple pairs on the four hour and hourly charts. Then I make an educated "guess" which way I think the pair, future, commodity, etc. is likely to head. Then I make an entry at .00, .25, .50, .75. When to take profit? That is up to you and how much is in your account. Also look at range, volatility, and the like to get a feel for what you plan to trade. If you like to combine those lines with certain candlestick patterns then I see that as a plus. Just be careful of the news that is to come out that particular day. Use stops unless you enjoy being in front of the screen all day. Hope that helps.

Reynaldo

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Dec 02, 2014 5:33 am

Rainman22 wrote:Kate,

I look at a couple pairs on the four hour and hourly charts. Then I make an educated "guess" which way I think the pair, future, commodity, etc. is likely to head. Then I make an entry at .00, .25, .50, .75. When to take profit? That is up to you and how much is in your account. Also look at range, volatility, and the like to get a feel for what you plan to trade. If you like to combine those lines with certain candlestick patterns then I see that as a plus. Just be careful of the news that is to come out that particular day. Use stops unless you enjoy being in front of the screen all day. Hope that helps.

Reynaldo


You make it sound so...

SIMPLE!

Nice work, Rainman22.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Re: The ideas that I trade by:

Postby alexi13 » Tue Dec 02, 2014 10:58 am

I modified II CrashZone indicator so now it works again. Bredin, I hope you don't mind.
Image
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II_CrashZone_mod.mq4
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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Dec 02, 2014 4:55 pm

Image

Hit second target
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: The ideas that I trade by:

Postby kate682 » Tue Dec 02, 2014 4:57 pm

TheRumpledOne wrote:Image

Hit second target


Hi Tro :-)

Do you also trade away from the targets as well as towards them, using them as a sort of S&R?

Kate
x
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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Dec 02, 2014 4:59 pm

kate682 wrote:
TheRumpledOne wrote:Image

Hit second target


Hi Tro :-)

Do you also trade away from the targets as well as towards them, using them as a sort of S&R?

Kate
x


No, Kate, only YALE STUDENTS would do that!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: The ideas that I trade by:

Postby kate682 » Tue Dec 02, 2014 5:05 pm

No, Kate, only YALE STUDENTS would do that!![/quote]

LOL, ok then, if you're a green rat, would you use the bottom targets to trade long away from?
xx
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Re: The ideas that I trade by:

Postby MightyOne » Wed Dec 03, 2014 6:23 am

For those who are already fam. with triangles, forks, median lines, 1-2-3's, channels, and all other PA that is basically the
same thing labeled differently.

Image


PS: the the EURCAD is not even close to the targets:

Image

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Re: The ideas that I trade by:

Postby MightyOne » Wed Dec 03, 2014 7:01 am

Do you also trade away from the targets as well as towards them, using them as a sort of S&R? -Kate


If you knew what you were looking at then you would not ask questions like that!

You can know three things for sure:

1. it is likely that price will reach the first set of targets

2. it is not likely that price will escape the second set of targets

3. if price escapes the second set then you are looking at long term momo.

These targets are based on one of my ancient methods that is known as "The Ruler of Six"

You will just have to trust me when I say that it only works when applied to the weekly chart [-X

Image

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