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red 100% Resistance dark cyan 77% brown 61% gray 50% brown 38% dark cyan 23% blue 0% Support |
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MURRAY MATH LINES don't do anything...LOL! They are just HORIZONTAL LINES plotted on your chart. The dayboaders indicator that plots the opens is one that I found and modified. The link is to the original. |
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Yes, I know it's true. And now you have SEEN THE LIGHT!! What did you expect from someone who is "rumpled"? Charm and grace? LOL! Thanks for posting. |
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The dot's are plotted using the range from resistance to support. Dots... red 100% Resistance dark cyan 77% brown 61% gray 50% brown 38% dark cyan 23% blue 0% Support Do you see how the indicator DYNAMICALLY moved support up that last candle? |
Avery,
You may not remember me, but I've followed you around for quite some time, and have been away from trading. I'm getting back to having time so will be trading again. Not FOREX yet, but that's ok, just reading your threads and learning from your questions. I hope I can add some along the way and will answer questions that come up if I'm around. You are an inspiration to me in life, and I have changed quite a bit about how I interact with others based on your demonstrations of generosity. I hope to meet you some day to shake your hand. J |
countrypip, yes that's true, could be there soon.
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Thanks for the kind words. |
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Click on 'Show Printable Version' option under 'Thread tools' and it will open up a nice printer-friendly page for u. :) http://i36.tinypic.com/2db6xvn.gif |
If im not mistaking murray math is along the lines of pivots or a similar type calculation based on the daily range.
Either way I agree it is just a horizontal line and TRO has proven that even random lines can make you money |
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Thanks a bunch! :) |
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MURREY MATH PDFs It's amazing what people come up with and how many buy into it. The trading world is starting to look like a convention of "witch doctors", "wizards", "psychics", "tea leaf readers", "palm readers", etc.. to me. Do you really believe drawing circles on charts is going to effect the market? How about plotting SQUIGGLY LINES based on formulas that require a math degree to understand? TALK ABOUT INSANITY!! Price goes UP or DOWN. Price is either moving UP or DOWN. So if you plot a HORIZONTAL LINE above the current price and another below it, what will happen? SOONER OR LATER PRICE WILL CROSS ONE OF THE LINES. And when it does, you have an idea which way to trade. At the start of the hour, plot a line X pips above the open and X pips below the open on a H1 Chart and see what happens. Sooner or later price will cross the line. Which way to trade? WITH THE PRICE!! It's so simple but it's really, really, REALLY HARD to sell this method for HUNDREDS or THOUSANDS of dollars. That's why "they" fool you into believing you need a bunch of SQUIGGLY LINES to trade. DON'T BE FOOLED!! TO BE CONTINUED... |
No
offense TRO, but alot of the charts you've posted have indicators and
numbers spewed all over them, hiding the actual price more than ever.
The charts where I've actually SEEN what is happening are the ones
where you only have a few lines placed and that's it. And 4 times out
of 5 that sort of simple and clear method works in real time anyway, so
why bother with the rest?
Just on the backtesting thing too, I realise now that it is literally impossible to backtest your methods. Like, if you have a bar that crosses the go long line with a large shadow, you have no idea if price steadily moved along the bar (which is where you probably would have placed an order) or if it jumped up then straight back down again (where you either would have missed it or not taken it because it jumped away so quickly). So backtesting is pretty much useless. I'm the kind of guy that likes to make sure something works before giving it a go. Think I'll be sticking with a demo account for some time then to give this a proper test. |
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Most indicators plot squiggly lines on the chart or in a separate window and they LAG. Some indicators, like pivot points, plot HORIZONTAL LINES. Most of my "INDICATORS" are gauges, digital compasses, or multimeters. All price based and real time. NO LAGGING. WHY BOTHER WITH THEM? BECAUSE I WANT TO KNOW WHAT PRICE IS DOING!! How close is it to the average range? How many times has price been at this level? How many times has the current price been a high or a low of a previous candle? This helps me determine support/resistance and whether or not to stay in a trade. There's more but that's enough to prove me point. Do they hide price? That depends on how many you put on a chart. I have trading charts and analysis charts. |
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http://i34.tinypic.com/2emkape.gif http://i36.tinypic.com/24wsnj9.gif http://i37.tinypic.com/2ms0yue.gif I really like HORIZONTAL LINES. |
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Let's look at these SAME charts next week and see how well they hold up. |
how do you calculate these lines?
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CAN YOU SEE HOW TO MAKE MONEY SCALPING?
http://i38.tinypic.com/2r3ctqa.gif I marked the "1-2-3" high/lows. Remember, you only know those in HINDSIGHT. However, they're a clue to get you to SEE. |
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TRO,
I did see how the maximum resistance was being constantly updated due to the obvious constant change of S/R. A bit of a misunderstanding perhaps! You did answer my first question about the levels thank you BUT, it does lead me to another question... No Dark Cyan, Grey, or Brown lines. I did look through the indicators properties and saw the line colors specified yet no lines were drawn on the chart. The brown you mentioned is colored Khaki on the indicator, but there non-the-less. Attached is a picture of my chart with the TRO_FIBS indicator applied, only blue and red resistance are drawn. I also was wondering what the deal with setting my iPeriods was. No matter the value I enter it kind of chooses its own. The indicator has an iPeriod value of 21 in this chart, as you can see it measures back much farther. I share the same gratitude as the others, thank for taking the time to explain and elaborate :) http://i245.photobucket.com/albums/g...Untitled-2.jpg |
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countrypip,
i see that problem too. even 21 period, the dot will stay put way
longer than 21 period, maybe it is for something else? But when I
change to 5, or something else, i can see the last updated dot is
closer range as well.
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The default is FALSE (OFF) Right click on the chart. Click on indicator list Click on the TRO DYNAMIC FIB SR Click on EDIT Scroll down and change the Fib inputs to TRUE. The 21 is used to determine how many periods to use to determine DYNAMIC Support/Resistance... it's not like TRO SR RR, it's more "advanced". |
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I had said, more than once, that 21 is NOT a MAGICAL NUMBER. You can use 20, 22, 23, etc... |
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It is NOT a PROBLEM. TRO DYNAMIC FIBS SR adjusts the SUPPORT/RESISTANCE DYNAMICALLY. It is not just the HH/LL for the last 21 periods. |
WHAT KIND OF MARKET IS IT?
http://i34.tinypic.com/w9btqq.gif Is it BULL, BEAR or RANGING? If price breaks out of a range to the upside, it's a BULL MARKET. A break to the downside then it's a BEAR MARKET. |
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WHAT DOES IT MEAN WHEN I SAY DO NOT TRADE AGAINST THE H1 CANDLE ESPECIALLY WHEN IT AGREES WITH THE D1 CANDLE?
http://i33.tinypic.com/291ev00.gif http://i33.tinypic.com/33daxrk.gif Have you THOUGHT about what that is saying? The D1 candle starts at a particular time, once a day. All you know about that candle while it is forming is its OPEN PRICE and the CURRENT PRICE. You will NOT know the high and the low UNTIL the day is over. The D1 candle "contains" 24 H1 candles when the day is over. At 6 AM the day is 25% over. If the D1 candle is GREEN then so far, the BUYERS have pushed the PRICE up. We would say that's BULLISH. At 7 AM, the SELLERS might say ENOUGH and start to push the PRICE DOWN. Know that the BUYERS have pushed the PRICE UP, it would stand to reason, the SELLERS may encounter "resistance" as they attempt to push the PRICE DOWN. Do you understand this reasoning? On the other hand, the BUYERS could continue to push the PRICE UP. Wouldn't it make sense to trade with the BUYERS under these circumstances given that haven't pushed TOO FAR? That's where AVERAGE RANGE comes in. Think about the past couple of weeks. The GBPUSD and EURUSD got pushed down, further and further. Many thought the prices wouldn't go lower and they got HAMMERED!! They traded against D1 candles and, in some cases, the H1 candle. Late Thursday and Friday, the buyers said ENOUGH and pushed back. See those GREEN candles! All you have to do is trade WITH the candle colors instead of AGAINST them. Trading does NOT have to be complicated. TO BE CONTINUED... |
tro:
in the Dynamic Fib SR. those SR are dynamic, and how often will Support
go up, and resist go down. I thought it has 21 period or can be changed
in setting. I think that's where the confusion is, and what countrypip
is talking about.
the 21 setting or anything related to that setting is not in dynamic fib sr. only in your other indicator. |
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(similar to forexfreeway but i won't charge you $2000 a month ) Fxguage1 The dark green prices, these are the slowest (longest period, eg 233,144, 89 period) sma's for each of the 4 time periods. The light green prices are the mid length sma's, 55 & 34. Small print, white prices are the 21 and 13 sma's for each time period. These represent the "road blocks" from the money map/money grid demo. If Price is above these, on all four "lanes" (columns), the market is assumed to be upward bound, if below, and the key sma's are red, then the market is assumed to be downward bound. 3 is an approximation of the mystical "Dynamic Fibonacci" levels, which after looking at their demo's and price charts, seem to be fixed pip shadows of the moving averages for each time period. |
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I just want you guys to know I didnt write any of these they are free indicators that I downloaded over the last year or so and they are available if you want to pay thousands or you can have them free. Like TRO says if you google it..... you can learn how to use these. I don't necessarily endorse these they are just something to work with and play with. |
johnnykanoo: what would you do with these indicators, look funny though at first glance.
TRO : yes i can change to 21 in iPeriod, default is 5. But when using 5, the SR is sometimes longer than 21 bars. if chose 21, it is alot more longer than 21 bars. So that's why i dont know what these are for, or just a setting that we can play around. Rather simply 21 bars in your other indicator. |
EFX Group
Hello TRO
First off, thanks for your brilliant work and teachings which you so generously share on this forum. I am planning on moving my account over to EFX based on your recommendations. I just want to clear up a few questions relating to the operation of their platform, if you don't mind: 1. I have downloaded the demo version of EFX Navigator. However, the EFXGroup website talks about a relatively new web based platform called EFX Remote Trader (not available as a download). Is this Remote Trader platform available live, and if so, which platform would you recommend (Navigator or Remote Trader)? 2. When I view the spreads in the Navigator they don't appear to be that good eg. 6 - 10 pips on GBPJPY. From what I've gathered from reading this forum, you are able to lock in a profit of say 5 pips (if required...). Does this mean the market moved 5 pips plus spread, say 11 pips, in order to get your net 5 pip profit? 3. OR as Don indicated in his post #839, is there a technique you can utilize using the Level 2 window which effectively allows you to buy at the bid and sell at the ask? Thank you once again TRO for pointing me in the right direction as far forex trading is concerned. Best regards Steve |
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2) NO. The market doesn't have to move 11 pips. Only 5 pips in your direction. You don't have to worry about spread on an ECN because you can use limit orders. You are not restricted to buying the ask and selling to the bid. I have posted examples in other BabyPips threads. 3) The Level II window, aka MARKET DEPTH, shows you the current liquidity at various prices. You can place a trade from that window. That's how I use it. The "technique" is called LIMIT ORDERS. To me, MARKET ORDERS are for 1) suckers and 2) traders in a panic. That's why you hear them scream and cry about SLIPPAGE... No SLIPPAGE with LIMIT ORDERS. Your order can only get filled at your price or BETTER! Do you think a FIXED SPREAD BANDIT is going to give you a price improvement? |
Forex Freeway - Forex Trading
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Explosive New Forex Trading Software - FX Money Map - Complete with Forex Trading Training theres a link to the thousands of dollars for the indicator website. In it there is alot of info of how it works but basically their concept is like lanes on a highway and their indicator shows what "lanes" are moving better and what "lanes" to avoid. It is just another indicator that plots sma's and fibs. theres plenty of demos to look at on that website. |
tro
I opened a demo account yesterday and filled out an application to open
a real account. Im trying to figure out how to get to levelII screen. I
don't see it in any drop down menus and online there is info for it but
it doesn't seem to be present in my platform. Am I not seeing
something? Can you direct me where the level II window is? thanks, john.
btw i posted those freeway indicators for you in case you wanted to play with them but I guess you are well above that level in your programming. I just thought it might be usefull. on the moneymap website this indicator is $5000 to buy $2000 to lease and a data feed is $200 a month and for what???? a dynamic fib/ series of sma's??? And people ***** about you its funny to me ow well sorry this message is so long. love the thread and im greatful you didnt just say screw it and leave when people decided to judge you and insult you. instead your thread is the most active and full of excellent advice for anyone wishing to trade and make money. talk to you later, john |
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you can find it under Navigate menu like " Market depth" , but i think that you wouldnt see nothing until will be market opened. (during weekends is platform without data supply) Faenorsan |
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