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TheRumpledOne 09-12-2008 10:57 AM

Quote:

Originally Posted by daedalus (Post 67785)
ok, Now This Is My Understanding Of How To Correctly Use This Indicator... But Others In This Thread (dragon) Have Said Its Used To Scalp In Between The Dots... I Thought The Dots Represented The Trigger Lines For Getting Long And Short?

Can You Clarify Tro? did Ewokuk Make The Right Trade? Thats How I've Been Interpreting The Indicator Setups.


There Is No Right/Wrong.... Only Profitable/Unprofitable.

TheRumpledOne 09-12-2008 11:00 AM

Quote:

Originally Posted by dragon33 (Post 67792)
i Do Not Pinpoint It Is A Decision at The Moment.

Excellent!!!

TheRumpledOne 09-12-2008 11:02 AM

Quote:

Originally Posted by ewokuk (Post 67793)
ok Something Of A Turn Around Today, Perhaps I Am Starting To See Things A Little More Clearly.

Trades For Today So Far (in Pips)
+19
-10
+5
+5
+2
+1
+15
+4
-2
+10

Total +49 Pips So Far. one Of Them Reversed On Me And Ended Up About -45 Pips At One Point Due To The American News Release At 12:30 Gmt But As I Was Going With The D1 And H1 Colour At The Time I Was Confident That Price Would Come Back To Me, An Hour And A Half Later It Did, This Is The -2 In My Trade As It Got Back To Break Even And I Was A Bit Jittery After Being -45 So I Just Closed It Quick At The First Sign Of It Dropping Again And Took The -2 Loss, I Could Have Had Profit On It Though If I Had Left It.

Ive Only Been Trading For About 3 Hours And Havent Been Looking At The Charts All The Time, Been Playing Tf2 Instead So 49 Pips So Far Is A Reasonable Total I Think.

Tip For Anyone Looking At Eurusd, Dont Trade It Until This Hour Has Finished, Its Already Double Its Usual Hourly Range At 103 Pips!

Rule Of Thumb:


Thou Shalt Not Front Run The News!

dragon33 09-12-2008 11:04 AM

Quote:

Originally Posted by bnbb2004 (Post 67800)
Based upon what factors? Gut??

Quote:

Originally Posted by TheRumpledOne (Post 67802)
Excellent!!!

Here is your answer. You can't set targets, do you know were price is heading??? I don't otherwise i was very rich

ewokuk 09-12-2008 11:08 AM

Quote:

Originally Posted by TheRumpledOne (Post 67803)
Rule Of Thumb:


Thou Shalt Not Front Run The News!

i usually dont but forgot what time it was. i did avoid entering a trade for the 15 mins after the news though.

just grabbed another 2 pips on eurusd but im holding off now for a bit, theres a speech by a CHF chairman which could affect eur.

TheRumpledOne 09-12-2008 11:08 AM

Quote:

Originally Posted by dragon33 (Post 67804)
Here is your answer. You can't set targets, do you know were price is heading??? I don't otherwise i was very rich

Actually, you can SET targets. But it doesn't mean price will hit them.

That's the reason the fib retrace lines are plotted.

You can usually get a 23% retrace off of support/resistance.

If the drop/run up is big and happens fast, you usually see a 50% retrace.

These targets come in handy. You can close half your position, lock in profit, and let the rest ride.

TheRumpledOne 09-12-2008 11:10 AM

Quote:

Originally Posted by ewokuk (Post 67806)
i usually dont but forgot what time it was. i did avoid entering a trade for the 15 mins after the news though.

just grabbed another 2 pips on eurusd but im holding off now for a bit, theres a speech by a CHF chairman which could affect eur.

Use an alarm clock.

Use a message system.

Make technology work for you.

NO EXCUSES!!

bnbb2004 09-12-2008 11:10 AM

Can someone tell me what is the name of the h1 & d1 big arrow indicator?

TheRumpledOne 09-12-2008 11:12 AM

Quote:

Originally Posted by bnbb2004 (Post 67810)
Can someone tell me what is the name of the h1 & d1 big arrow indicator?

TRO BIAS EZ.

But it is NOT one of the indicators that I posted.

TheRumpledOne 09-12-2008 11:14 AM

http://i33.tinypic.com/350m1bs.gif

I think I will call this the DRAGON TUNNEL.

TheRumpledOne 09-12-2008 11:16 AM

http://i37.tinypic.com/1ihqia.gif

EURUSD DRAGON TUNNEL

TheRumpledOne 09-12-2008 11:17 AM

http://i38.tinypic.com/2ufq2yx.gif

USDJPY DRAGON TUNNEL

bnbb2004 09-12-2008 11:22 AM

Quote:

Originally Posted by TheRumpledOne (Post 67807)
Actually, you can SET targets. But it doesn't mean price will hit them.

That's the reason the fib retrace lines are plotted.

You can usually get a 23% retrace off of support/resistance.

If the drop/run up is big and happens fast, you usually see a 50% retrace.

These targets come in handy. You can close half your position, lock in profit, and let the rest ride.

TRO,
Is that the only time you take a trade go long/sell SR lines? do you personally trade in between the blue/red dots?

also, you enter based on the open of the candle + h1, right? what do you do when the open of the candle + h1 are the same then the candle quickly turns against the h1? do hold or exit? still just trying to understand the basics...sry.

ewokuk 09-12-2008 11:23 AM

HO LEE SH!T i havent looked at GBPUSD all day and when i do i see its gone up over 250 pips since thos morning!!!!!!!!!

ive got a long open now, up up and awaaaaaaaaaaaaaaay.

Sweet Pip 09-12-2008 11:26 AM

1 Attachment(s)
Quote:

Originally Posted by ewokuk (Post 67806)
i usually dont but forgot what time it was. i did avoid entering a trade for the 15 mins after the news though.

just grabbed another 2 pips on eurusd but im holding off now for a bit, theres a speech by a CHF chairman which could affect eur.

Here's a great indicator I use to keep track of when news is coming out and it puts it right on the chart! :) You can also move it to 1 of 3 corners to keep it out of the way. I've uploaded it as a txt file so just rename it to mq4 and compile it.

TheRumpledOne 09-12-2008 11:30 AM

Quote:

Originally Posted by bnbb2004 (Post 67818)
TRO,
Is that the only time you take a trade go long/sell SR lines? do you personally trade in between the blue/red dots?

also, you enter based on the open of the candle + h1, right? what do you do when the open of the candle + h1 are the same then the candle quickly turns against the h1? do hold or exit? still just trying to understand the basics...sry.

Yes, when I am following the rules, I only enter at the go Long and go Short lines. Sometimes, I have to wait and wait and wait. That's called DISCIPLINE.

If trade goes against me, I wait. Sometimes, I'll add to the position and trade my way out.

bnbb2004 09-12-2008 11:36 AM

Quote:

Originally Posted by ewokuk (Post 67819)
HO LEE SH!T i havent looked at GBPUSD all day and when i do i see its gone up over 250 pips since thos morning!!!!!!!!!

ive got a long open now, up up and awaaaaaaaaaaaaaaay.

Congrats! :)

dragon33 09-12-2008 11:37 AM

LOL

I feel honoured

TheRumpledOne 09-12-2008 11:38 AM

Quote:

Originally Posted by Sweet Pip (Post 67821)
Here's a great indicator I use to keep track of when news is coming out and it puts it right on the chart! :) You can also move it to 1 of 3 corners to keep it out of the way. I've uploaded it as a txt file so just rename it to mq4 and compile it.


My friend, Bruce, wrote this FREE NEWSREADER

Nothing else comes close.

ewokuk 09-12-2008 11:46 AM

Quote:

Originally Posted by Sweet Pip (Post 67821)
Here's a great indicator I use to keep track of when news is coming out and it puts it right on the chart! :) You can also move it to 1 of 3 corners to keep it out of the way. I've uploaded it as a txt file so just rename it to mq4 and compile it.

put it on, compiled it but the chart is blank, doesnt seem to do anything?

metalorn 09-12-2008 11:49 AM

Now that you made the question, I remembered to check S/R for the last 21 bars. Support would be at around 1.7565 and Resistance at 1.7685, so I should not buy.

Quote:

Originally Posted by TheRumpledOne (Post 67784)
Look at the chart.

You tell me where support is and where resistance is.

http://i35.tinypic.com/3148s4i.jpg

TheRumpledOne 09-12-2008 12:19 PM

HOW MUCH IS ENOUGH?

http://i35.tinypic.com/2ai33sx.gif

Is 4 or 5 pips enough profit for you?

Here's a perfect example.

Got a go Short alert.

D1 is RED

H1 is GREEN.

Look at the chart... price bounced off resistance for the second time, and retraced 23%.

Taking the trade is going AGAINST H1 so you take a quick 4 - 5 pips and be done with it.

Sweet Pip 09-12-2008 12:21 PM

Quote:

Originally Posted by ewokuk (Post 67833)
put it on, compiled it but the chart is blank, doesnt seem to do anything?

I'm at work now and don't have access to MT4 so can't help you right now, however, this is what it's supposed to look like...(bit of an older pic so just ignore the squigglies :D...)

http://forums.babypips.com/attachmen...9&d=1219613623

TheRumpledOne 09-12-2008 12:26 PM

Quote:

Originally Posted by Sweet Pip (Post 67840)
I'm at work now and don't have access to MT4 so can't help you right now, however, this is what it's supposed to look like...(bit of an older pic so just ignore the squigglies :D...)

http://forums.babypips.com/attachmen...9&d=1219613623

Is that Murray Math a free indicator?

Sweet Pip 09-12-2008 12:40 PM

Quote:

Originally Posted by TheRumpledOne (Post 67842)
Is that Murray Math a free indicator?

Yes it is...would you like it? :)

ewokuk 09-12-2008 12:49 PM

Quote:

Originally Posted by Sweet Pip (Post 67840)
I'm at work now and don't have access to MT4 so can't help you right now, however, this is what it's supposed to look like...(bit of an older pic so just ignore the squigglies :D...)

gotit working now you have to allow dll imports in mt4 options under expert advisors and then add the indicator to the chart after that.

Sweet Pip 09-12-2008 12:57 PM

Quote:

Originally Posted by ewokuk (Post 67848)
maybe it needs DLL's, did any come with it?

Oh ya!...you have to check the "Allow DLL" box in the parameters...sorry :o

ewokuk 09-12-2008 01:00 PM

1 Attachment(s)
found a slightly newer version

TheRumpledOne 09-12-2008 01:29 PM

Quote:

Originally Posted by Sweet Pip (Post 67844)
Yes it is...would you like it? :)

If you have the .MQ4 file, then YES, please post it.

Sweet Pip 09-12-2008 01:51 PM

Quote:

Originally Posted by TheRumpledOne (Post 67864)
If you have the .MQ4 file, then YES, please post it.

Yes I have it...I'll be going home for lunch in an hour so will upload it then.

Sweet Pip 09-12-2008 02:26 PM

Does anybody know if/how one can print this whole thread from the forum?

TheRumpledOne 09-12-2008 02:44 PM

http://i37.tinypic.com/2yydop5.gif

You can see the DAILY BIAS for each of the opens.

Sweet Pip 09-12-2008 03:33 PM

1 Attachment(s)
Quote:

Originally Posted by TheRumpledOne (Post 67864)
If you have the .MQ4 file, then YES, please post it.

Ok, here's the Murray Math Lines mq4 file...

johnnykanoo 09-12-2008 04:08 PM

Hey guys just some encouragement for those with smaller accounts. It is very possible with compounding to become wealthy trading forex. I picked some materials up from a guy named robert borowski years ago when I was first starting out. He showed how to make $300 into $30,000 in 6 months or so. This plan assumes at least in the beginning that you will have to be a little more agressive and risk as much as 5% but after the first grand or so you should limit yourself to 2%


Step 1 $0 to $399 trade 1 mini lot 100 pips*
Step 2 $400 to $599 trade 2 mini lots 100 pips
Step 3 $600 to $899 trade 3 mini lots 100 pips
Step 4 $900 to $1299 trade 4 mini lots 100 pips
Step 5 $1300 to $1999 trade 5 mini lots 140 pips
Step 6 $2000 to $2999 trade 6 mini lots 166 pips
Step 7 $3000 to $4499 trade 7 mini lots 214 pips
Step 8 $4500 to $6999 trade 8 mini lots 312 pips
Step 9 $7000 to $9999 trade 9 mini lots 333 pips

* From your start of $300
(Note: This plan assumes you are following a strategy that only risks a maximum of 20 pips per trade you may need to adjust this plan to fit your equity management rules.)Considering that you could realistically get 100 pips per week (20 pips a day!!!) that means that you could possibly get to $10,000 in just 4 months.
Compare that to sticking $300 into your local bank’s savings
account – you’d be lucky to earn a dollar in the same time frame!

Step 10 - $10,000 to $14,999 – trade 1 regular lot – 500 pips
Step 11 - $15,000 to $19,999 – trade 2 regular lots – 250 pips
Step 12 - $20,000 to $29,999 – trade 3 regular lots – 333 pips

After this point you should only increase your regular lots traded
as you move up $10,000 (or more).




Just food for thought :)

TheRumpledOne 09-12-2008 04:21 PM

1 Attachment(s)
Quote:

Originally Posted by Sweet Pip (Post 67875)
Ok, here's the Murray Math Lines mq4 file...

http://i36.tinypic.com/6qzeyx.gif

Thanks for sharing!

I like MURRAY MATH LINES because they are HORIZONTAL LINES.

And, by now, you KNOW WHAT TO DO AT A HORIZONTAL LINE, don't you?

CountryPip 09-12-2008 04:30 PM

Well since y'all want simple, here's simple. Tell me if you don't see where this price is going. I color coded to give you some hints as to my thoughts.

http://i245.photobucket.com/albums/g...Untitled-1.jpg

TRO I also had a question about your TRO_SupRESHHLL indicator. Bar 0 is set back 35 bars as for the Dyanmic_Fibs_SR indicator that draws support/resistance pretty much at the ends of the screen when I have iPeriod set to 21 or any number for that matter.

My final question. When you are using the Dynamic FIBS, how do you know which ones are the 24/38/50% et cetera. I see fib dots everywhere and I am not able to figure out which Fib line is the one we are measuring from and which one is which. Some candles have 5+ dots, others just one. By simple observation the more dots looks like stronger support/resistance strength because price action was minimal.

EDIT: Almost forgot. The lowest Support level I drew in red is the NY opening bar coincidentally. September 12th, 2008 and the upper most resistance is as of an hour ago. GBP/USD

TheRumpledOne 09-12-2008 04:48 PM

1 Attachment(s)
http://i36.tinypic.com/255noep.gif

Dragon Murray Math setup.

I got tired of entering the 50 ema parameters so I wrote the TRO_TUNNEL_DRAGON indicator.

MoreYummy 09-12-2008 05:26 PM

Quote:

Originally Posted by TheRumpledOne (Post 67881)
http://i36.tinypic.com/6qzeyx.gif

Thanks for sharing!

I like MURRAY MATH LINES because they are HORIZONTAL LINES.

And, by now, you KNOW WHAT TO DO AT A HORIZONTAL LINE, don't you?

what does murray math lines do?

TRO, is that sydney, london, NY line using your own indicator? Or i can download somewhere?

Quote:

Originally Posted by CountryPip (Post 67882)
Well since y'all want simple, here's simple. Tell me if you don't see where this price is going. I color coded to give you some hints as to my thoughts.

http://i245.photobucket.com/albums/g...Untitled-1.jpg

TRO I also had a question about your TRO_SupRESHHLL indicator. Bar 0 is set back 35 bars as for the Dyanmic_Fibs_SR indicator that draws support/resistance pretty much at the ends of the screen when I have iPeriod set to 21 or any number for that matter.

My final question. When you are using the Dynamic FIBS, how do you know which ones are the 24/38/50% et cetera. I see fib dots everywhere and I am not able to figure out which Fib line is the one we are measuring from and which one is which. Some candles have 5+ dots, others just one. By simple observation the more dots looks like stronger support/resistance strength because price action was minimal.

EDIT: Almost forgot. The lowest Support level I drew in red is the NY opening bar coincidentally. September 12th, 2008 and the upper most resistance is as of an hour ago. GBP/USD

What Time frame is it? it is going up.

disbellj 09-12-2008 05:30 PM

Thanks SO much TRO!
 
TRO,

You have helped me both off and on this forum thread. I just wanted to thank you publicly. I also wanted to tell others that what you say about buying at bid and selling at ask is true. It is possible, depending on if you are with an ECN or not, and if you use LIMIT orders or not. I bought at bid the other day for the first time, and was amazed. I didn't pay spread on that trade! I just paid commissions. Also, when I first came to you, I had an idea, and you freely gave of your time and energy (for over a month!) to get me what I wanted and thought I needed. It turned out that I like what you've been discussing in this thread so much that I put the other strategy on the back burner for now.

TRO and I have "butted heads" more than once trying to understand each other. He is passionate, and maybe a little rough around the edges, but his intentions are the best.

I have never seen anybody in Forex give so freely of their time as you have TRO. Kudos. For how you are helping all of us, I wish you the best, and continued prosperity!

Don

CountryPip 09-12-2008 05:35 PM

Ohh my apologies, that is the 30 minute timeframe Yummy. If you compare the last little push from the bearish hammer on to the push from NY open to the hammer you will see they are of almost equal lengths of time. The bulls are losing steam! There was a nice rally today, but I expect the sellers will take care of that. Just waiting for a signal. My chamber is loaded :D


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