TRO Help! I getting whipped on Middle Indicator

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jstockman
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TRO Help! I getting whipped on Middle Indicator

Postby jstockman » Mon Aug 28, 2006 12:39 am

TRO,

I am using the Middle with EURUSD 60min and the 5 min. I am letting the current bar cross the mid point of the prior bar on the sixty min then going long or short as the case may be. I am getting whipped. I am a quick start person (if interested see Kolbe.com) I want to scalp for pips and slowly build up my account so I can double my pips when able etc.

You mentioned that you use the dynamic S/R and TRO Control along with the middle indcators. I need help. Any suggestions on how to keep from getting whipped.

Regards,


Jimmyj

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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 28, 2006 4:08 am

1) Always post a chart showing what you are talking about

2) I don't know if you are on TradeStation or eSignal. In either case, use Dynamic_SR2 and buy at/near support and sell at/near resistance.

3) You enter AT the midpoint not before, not after. You always go long on a green candle and always go short on a red.
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watzdorf
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Postby watzdorf » Mon Aug 28, 2006 12:09 pm

Hi Avery,
like jstockman I am experimenting around with middle trade.
Question: what are you doing with these "inbetween" zones where price does not really cross? ( I circuled the events)

thank you,
alex
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what happens in the marked areas?
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Postby BlowFish » Mon Aug 28, 2006 2:13 pm

I'm interested in the scenario wartzdorf shows above. Price does not cross the middle line - the middle line jumps across price as a new hour starts? I guess you could go long the cross of the previous middle line.

Cheers,
nick.

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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 28, 2006 2:46 pm

Yes, you take the cross of the PREVIOUS CANDLE'S MIDDLE.

On your screenshot the price bounce off of SUPPORT and was going up...

Buy at/near support!

You see the higher lows.... that means buyers taking control!!

I have no idea what you are trading?

POST THE ENTIRE SCREEN NEXT TIME!!

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Postby watzdorf » Mon Aug 28, 2006 3:01 pm

TheRumpledOne wrote:POST THE ENTIRE SCREEN NEXT TIME!!


Sorry Avery,
here we go, it's the DAX Index
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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 28, 2006 3:42 pm

This looks simple...

You go long when it crosses the previous middle. ( Remember the current middle with be the next previous middle - so sometimes you go long on the crossover - does this help?)

You go long off of horizontal support.

You only go long on green candles.

You only go short on red candles.

I am not sure where you are having a problem?
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Postby traderwep » Mon Aug 28, 2006 4:51 pm

i am a little confused. how can you buy at support and also buy as it crosses the prevous bars midpoint?

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Postby TheRumpledOne » Mon Aug 28, 2006 6:06 pm

LOL... those are TWO SEPARATE ENTRIES...

But, let me try to be a little clearer....

Whatever was touched last, support or resistance, is what you are "entering the trade OFF OF".

So if the price last touched support and you buy at the middle ( green candle ) you are buying "off support".

-------

You can buy directly off support ( green candle ) ... a little risky, as always, it can reverse.

You can buy at the middle crossover... less risky. Buyers have moved the price up.

You can scale into the position this way.

HTH.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby traderwep » Mon Aug 28, 2006 6:49 pm

the middle trade indicator has a magenta line and an aqua line. i am not clear on the purpose of the two lines.

in realtime i got a clicking alert when the red (resistance line i believe) moved down below the previous red line and at that time the aqua line turned magenta--i am thinking that signalled a short entry? but i am not sure.

this happened on the red bar at 14:30 in the attached esignal screenshot. this is 3min day only YM.
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