How to be a MOnster

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1422
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1453
Gender: Male

Re: How to be a MOnster

Postby Mira » Tue Aug 21, 2018 7:03 pm

TheRumpledOne wrote:TRO001.png

TRO_HL5 indicator and TEST template attached.



Thank you TRO! Printed on my charts
__________ THE :smt096 IS A LIE__________

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

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1422
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1453
Gender: Male

It's all about Stops

Postby Mira » Wed Aug 22, 2018 2:36 pm

I didn't trade this one, but after 1000+ zones that i looked at i have a feeling: it's all about stops.
Aliassmith and MightyOne wrote many times about this topic and i'm noticing that placing a Stop Loss at a pivot is like feeding my broker.
Having enough space would keep me safe from spikes when i'm right and would give me more possibilities to get out at zero when i'm wrong.

Do i have to "say goodbye" to tight stops? What about the (smaller) returns? :|


USDCADM30.png
USDCADM30.png (50.68 KiB) Viewed 543 times
__________ THE :smt096 IS A LIE__________

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 1500
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 1246
Gender: None specified

Re: It's all about Stops

Postby LeMercenaire » Wed Aug 22, 2018 3:24 pm

Mira wrote:I didn't trade this one, but after 1000+ zones that i looked at i have a feeling: it's all about stops.
Aliassmith and MightyOne wrote many times about this topic and i'm noticing that placing a Stop Loss at a pivot is like feeding my broker.
Having enough space would keep me safe from spikes when i'm right and would give me more possibilities to get out at zero when i'm wrong.

Do i have to "say goodbye" to tight stops? What about the (smaller) returns? :|


USDCADM30.png


Run a fib inside the limits of the zone. You may get an idea or two :wink:

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1422
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1453
Gender: Male

Re: It's all about Stops

Postby Mira » Wed Aug 22, 2018 3:57 pm

LeMercenaire wrote:
Mira wrote:I didn't trade this one, but after 1000+ zones that i looked at i have a feeling: it's all about stops.
Aliassmith and MightyOne wrote many times about this topic and i'm noticing that placing a Stop Loss at a pivot is like feeding my broker.
Having enough space would keep me safe from spikes when i'm right and would give me more possibilities to get out at zero when i'm wrong.

Do i have to "say goodbye" to tight stops? What about the (smaller) returns? :|


USDCADM30.png


Run a fib inside the limits of the zone. You may get an idea or two :wink:


Mmmm.. I don’t know if I’m getting it right :lol:
Could you give me a clue about it?

Thank you!
__________ THE :smt096 IS A LIE__________

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 1500
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 1246
Gender: None specified

Re: It's all about Stops

Postby LeMercenaire » Wed Aug 22, 2018 4:45 pm

Mira wrote:
LeMercenaire wrote:
Mira wrote:I didn't trade this one, but after 1000+ zones that i looked at i have a feeling: it's all about stops.
Aliassmith and MightyOne wrote many times about this topic and i'm noticing that placing a Stop Loss at a pivot is like feeding my broker.
Having enough space would keep me safe from spikes when i'm right and would give me more possibilities to get out at zero when i'm wrong.

Do i have to "say goodbye" to tight stops? What about the (smaller) returns? :|


USDCADM30.png


Run a fib inside the limits of the zone. You may get an idea or two :wink:


Mmmm.. I don’t know if I’m getting it right :lol:
Could you give me a clue about it?

Thank you!


In effect, an S+D Zone can act as a retrace zone, just like a candle. So just like you can run a fib over the range of a candle and see a 50% level for the following candle to act inside, you can do the same with an S+D Zone. The candles that push into that zone will respect the fib levels.

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

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1422
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1453
Gender: Male

Re: It's all about Stops

Postby Mira » Wed Aug 22, 2018 5:10 pm

LeMercenaire wrote:
Mira wrote:
LeMercenaire wrote:
Run a fib inside the limits of the zone. You may get an idea or two :wink:


Mmmm.. I don’t know if I’m getting it right :lol:
Could you give me a clue about it?

Thank you!


In effect, an S+D Zone can act as a retrace zone, just like a candle. So just like you can run a fib over the range of a candle and see a 50% level for the following candle to act inside, you can do the same with an S+D Zone. The candles that push into that zone will respect the fib levels.


Ahhh ok now I got it! :) Thanks!

Sorry, I was referring to my stop loss placement, not the entries.
I’m wondering if using the ATR can give me some edge (statistically).
__________ THE :smt096 IS A LIE__________

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 1500
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 1246
Gender: None specified

Re: It's all about Stops

Postby LeMercenaire » Wed Aug 22, 2018 5:32 pm

Mira wrote:
LeMercenaire wrote:
Mira wrote:
Mmmm.. I don’t know if I’m getting it right :lol:
Could you give me a clue about it?

Thank you!


In effect, an S+D Zone can act as a retrace zone, just like a candle. So just like you can run a fib over the range of a candle and see a 50% level for the following candle to act inside, you can do the same with an S+D Zone. The candles that push into that zone will respect the fib levels.


Ahhh ok now I got it! :) Thanks!

Sorry, I was referring to my stop loss placement, not the entries.

I’m wondering if using the ATR can give me some edge (statistically).


Yeah, I got that. Think about it, if we look at a 50% Fib level in that Demand Zone, then running it like we would a Z-Line, we would look at price either closing or not closing above / below that line. So you could look at using that 50 and below as a stop level, as if price closes below it, it's likely to keep going. You'd have that stop below to cover that. Closes above and likely to bounce away, so no stop hit.

To get into micro detail, you can run a fib in the lower half of the zone and that level would make a good sl.

ATR is def of use cw S+D.

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1422
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1453
Gender: Male

Re: How to be a MOnster

Postby Mira » Thu Aug 23, 2018 10:32 am

Let's see if the incoming news on EUR will help to push it lower. :!: :!: :!:
__________ THE :smt096 IS A LIE__________

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1422
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1453
Gender: Male

Re: How to be a MOnster

Postby Mira » Thu Aug 23, 2018 2:12 pm

Daily zone but it's taking too much, i'm about to kill this trade :lol:

EURZARH4.png
EURZARH4.png (44.06 KiB) Viewed 476 times
__________ THE :smt096 IS A LIE__________

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1422
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1453
Gender: Male

Re: How to be a MOnster

Postby Mira » Fri Aug 24, 2018 10:13 am

I'm very happy that i learned the "trade a line" concept because losses now are b/e most of the times and winners are pretty large.

However finding good entries has been a real struggle this week.

USDJPYM15.png
USDJPYM15.png (45.75 KiB) Viewed 445 times
__________ THE :smt096 IS A LIE__________

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


Return to “TheRumpledOne”