TRO Help! I getting whipped on Middle Indicator

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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 28, 2006 7:04 pm

My Xray glasses are in for repair - you'll have to repost that screen shot..LMAO!!

Magenta line is PREVIOUS CANDLE'S MIDDLE (major control)

Cyan line is CURRENT CANDLE'S MIDDLE (minor control)
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby traderwep » Mon Aug 28, 2006 7:10 pm

is there a file that describes how to use the "middle trade indicator". i cannot find one. it appears to make two alert sounds when hitting the aqua or magenta lines. one a click which i think is an entry alert and the other a "thunk" which i think is an exit alert.

is that correct?

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Postby TheRumpledOne » Mon Aug 28, 2006 10:08 pm

IF YOU HAVE QUESTIONS....

1) Please refer to the indicator by it's full file name because I have written so many and if it's eSignal or TradeStation.

2) Please post a screen shot so I can see.

I am not sure about the alerts... I usually have mine turned off.
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Postby traderwep » Mon Aug 28, 2006 10:15 pm

Sorry for the bad screenshot. i did not realize i had done that til it posted. i had too many things on top of each other :-)

i have attached a screenshot of today in YM 3min day only. your indicators are the TRO_Middle_Trade and TRO_Dynamic_SR2.

it seems to me the TRO Dynamic may be superflous? it looks like the way to trade the TRO_Middle_Trade is wait for a magenta line to be nearer a blue or red S/R line and then go with the proper color candle as it takes off from the S/R and crosses the magenta line?

i am not sure about targets though?

examples would be buy just after 1300 and 13:30 (likely same trade), sell around 1430, right after 15:30 not likely a sell as it would not be a red candle on the cross. (the buy at 1300 would be more a doji than a blue candle at entry also)

i am just trying to understand if i have the idea right or not. the above is just from eyeballing todays chart to see what looks like might have worked.

i would appreciate any corrections or additional info re interpretation of the indicator for scalping.

thanks

wayne
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TheRumpledOne
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Postby TheRumpledOne » Tue Aug 29, 2006 2:53 am

Looks like you may have discovered another way to trade!

That's what is it about - finding what works for you.

There's no right or wrong way to use the indicators... just what makes money or not.
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Postby traderwep » Tue Aug 29, 2006 2:57 am

ok, i was just trying to find out what it was designed for.

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Postby watzdorf » Tue Aug 29, 2006 1:50 pm

How would you handle a situation like on the screenshot where price is jumping around the middle?
THANK YOU,
alex
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Postby TheRumpledOne » Tue Aug 29, 2006 5:48 pm

You should be scalping .50 or more!!

Looks like every cross good for .50 ... go short on red and long on green.

Looks simple!!
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Postby watzdorf » Tue Aug 29, 2006 5:54 pm

Yes, Dax is around 5870. The problem is, the spread is 2 points :(

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Postby TheRumpledOne » Tue Aug 29, 2006 7:46 pm

then scalp the spread!!!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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