The ideas that I trade by:

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Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Thu Aug 04, 2016 2:04 pm

^^Big wick, close less extreme than last

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Aug 04, 2016 5:42 pm

TheRumpledOne wrote:
What is the definition of weak close??


The answer is always easy until you ask yourself how you would code it :lol:

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Thu Aug 04, 2016 6:50 pm

TheRumpledOne wrote:EURUSDM5.png

Daily open line_TRO_MODIFIED indicator plots open line from the TimeZoneOfData input ( Hour HH ).

I modified the indicator to allow multiple instances on the chart and plot "Buy Zone" trigger lines.

Enjoy :D


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.

v8power
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Re: The ideas that I trade by:

Postby v8power » Fri Aug 05, 2016 9:09 am

MightyOne wrote:"Bar charts, because who wants an already colored coloring book" :lol:

[A LINK FOR PEOPLE WHO DO NOT READ PREV. POSTS]

USDZARH1.png


Funny you mention bar charts. I have just started looking at them and they are more clear on certain trade idea's then bar charts. Like always MO is 100 steps ahead of me, haha

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Re: The ideas that I trade by:

Postby v8power » Fri Aug 05, 2016 9:12 am

"Trading is the same. Everyone uses horizontal lines and has simple systems and strategies (they know how to play their cards), but a few observant players can detect the numerous nuances of a chart and adjust their strategy to the situation (they play the player)."

This quote is me to the T. Hell I even admit all I use are Horz lines and super duper simple systems. But lately I have been workin on play the player. A lot of old MO post go good with this idea.

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Re: The ideas that I trade by:

Postby v8power » Fri Aug 05, 2016 1:52 pm

Alright so everyone always starts out in there trading career looking for perfect entry setups. Those can be easy with patience as you have shown. Most traders think once they have that, that is all you need. But I was thinking how much better would your win pct be if you could spot congestion as easy as you could spot entrys and then I got to thinking that MO probably has some cool different thoughts on this.

15 angles and cones are could for spotting overbought/oversold area's, but what about when price is in a range and keeps breaking the high and low, but always reverse's. I know there is the simple stuff like wait for a close and a break of that bar or rectangles and what not. But I figured why not ask and see what MO thinks.

I have a feeling tho Im gonna get an answer like " I wouldn't know about what to do abought congestion, I just trade from the extremes with momentum closing over a line. And that mid trend is a good place to take off a part of your trade which creates the congestion". Haha. But thanks.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Aug 05, 2016 3:34 pm

v8power wrote:
...but what about when price is in a range and keeps breaking the high and low, but always reverse's. I know there is the simple stuff like wait for a close and a break of that bar or rectangles and what not. But I figured why not ask and see what MO thinks.


BIAS:
1) continue to trade away from the monthly midpoint
2) if there is a breakout of the previous MN candle then trade away from the extreme until the midpoint of the current candle either surpasses the extreme or the next candle opens.

If you are watching a small chart and you become lost in congestion then click to a higher chart.
If you are watching a large chart and it fails to maintain prices beyond a pivot then click to a smaller chart and trade the reversal.

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Re: The ideas that I trade by:

Postby v8power » Fri Aug 05, 2016 3:40 pm

MightyOne wrote:
v8power wrote:
...but what about when price is in a range and keeps breaking the high and low, but always reverse's. I know there is the simple stuff like wait for a close and a break of that bar or rectangles and what not. But I figured why not ask and see what MO thinks.


BIAS:
1) continue to trade away from the monthly midpoint
2) if there is a breakout of the previous MN candle then trade away from the extreme until the midpoint of the current candle either surpasses the extreme or the next candle opens.

If you are watching a small chart and you become lost in congestion then click to a higher chart.
If you are watching a large chart and it fails to maintain prices beyond a pivot then click to a smaller chart and trade the reversal.


I always see you say click to the HTF and it literally never crossed my mind. But thanks for the advice, as always it is much appreciated.

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MightyOne
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So many ways to TRO...

Postby MightyOne » Fri Aug 05, 2016 4:05 pm

EURUSDH4.png
EURUSDH4.png (34.68 KiB) Viewed 749 times

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Fri Aug 05, 2016 4:33 pm

USDCADM5.png
USDCADM5.png (42.88 KiB) Viewed 757 times


Daily Open line set at open of next to last H4 candle open of the day.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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