TRO DYNAMIC FIBS SR2 - NEW

post your indicators here

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Aug 06, 2007 1:44 am

Also, remember you have to WAIT for the candle that touches to close AND you need to wait for the reversing candle to close.

So if a green candle makes a new dynamic resistance level, wait for it to close. Then wait for the first red candle to close to give you a short signal.

Remember, candles can change colors. The market is DYNAMIC when it is open.

But I think a few of you see just how much you can make and how fast you can make it.
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

cvax
rank: 50+ posts
rank: 50+ posts
Posts: 83
Joined: Sun May 13, 2007 12:45 am
Reputation: 0
Gender: None specified

Postby cvax » Mon Aug 06, 2007 7:46 am

Can you post the code? It seems like the way you plot the Long/Short prices is different than your previous version (http://kreslik.com/forums/viewtopic.php?t=844).

Can the touch candle also be the reversing candle at the same time? Like when a candle touches/sets a new Dynamic Resistance and turns red itself. Is that good enough to enter with or do we generally need a Touch Candle to Reverse Candle to Trade candle? And the Trade Candle is traded ONLY if it gets to the entry prices? Does the Reverse Candle have to come immediately after the Touch Candle?

User avatar
dbw451
rank: 50+ posts
rank: 50+ posts
Posts: 50
Joined: Sun Jul 22, 2007 9:45 pm
Reputation: 0
Gender: Male

Postby dbw451 » Mon Aug 06, 2007 11:59 am

Now my understanding of a trade setup and entry has changed again... A setup is as follows:

1. A price bar that touches or creates a dynamic SR must close.
2. A reversal bar that touches or goes through the trigger price (i.e. the high/low of DSR bar) must close.
3. The entry price is the open price of the bar following the reversal bar.

Sorry to repeat what has probably been said 100 times before... This changes the entries I marked on the picture a little, but the net affect would be similar.

Thanks,

David

cvax
rank: 50+ posts
rank: 50+ posts
Posts: 83
Joined: Sun May 13, 2007 12:45 am
Reputation: 0
Gender: None specified

Postby cvax » Mon Aug 06, 2007 6:29 pm


User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Aug 06, 2007 9:44 pm

Remember:

Trading is a guessing game... guessing what will happen next!!

What we are looking for is a way to guess right more than guess wrong.

There is NOT a "right way". There is only profit/loss.
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

biv
rank: <50 posts
rank: <50 posts
Posts: 1
Joined: Tue Aug 14, 2007 5:12 am
Reputation: 0
Gender: None specified

Qutetracker indicator

Postby biv » Fri Aug 17, 2007 6:13 am

this is great stuff .i am trying to read as much as i can read..where can i get this code for quotetracker i am using quotetracker...

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “Tradestation indicators”