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Short on green candle?
No.
I've thought about it though. Should I? I guess if it crosses down, no
matter if it's green or not, price is moving down, and it has been said
that once price crosses a horizontal line, that it more often than not
continues down. If that is true, then we should trade against the trend
(green bar). If we have mental problems doing that, we could go down to
a lower timeframe where we see red bars, then we can feel good that
we're trading with the trend. lol
Don Quote:
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IF YOU ARE NOT TRADING ON AN ECN THEN YOU ARE GIVING YOUR MONEY AWAY!! |
Let's be realistic
Show me ONE person that would use that to trade. Really.
Don Quote:
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PRICE IS THE SAME ON ALL TIME FRAMES!! PRICE IS MOVING THE SAME DIRECTION ON ALL TIME FRAMES!! DO NOT BE FOOLED!! |
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I'd
just like to share my experience using MT4 and the Dynamic Fibs
indicator. Basically it was pretty bad. I didn't have any luck trading
with the the H1+D1 while support was being pushed down or resistance
pushed up. I think I was jumping in too early though before price
action was solidified. But I'd get worried that I'd miss my chance and
jump in too late. Practice is key, but I'm still not sure where to put
my stops and where to put my TP using this kind of method.
I'm going to stick to my old method of only trading if a green candle crosses a go long line or a red candle crosses a go short line on the M15. Only if H1 agrees, and only if the space between the go long/go short and the 23% fib is more than 15 pips so I can grab my 5-10 easily. This has had quite a high win/loss ratio in the past and seems easily definable so I can stick to some kind of plan. It felt a little like I was flying blind yesterday! |
POST #1,000
One thousand posts on Forex Trading Online Training: Learn Foreign Exchange Currency Trading. It looks like there are a few people who have read what I posted and made it work for them. There are raking in the pips. Others, haven't "SEEN IT" yet. What's the difference? When you can SEE the difference, then you'll be on your way. |
you keep saying that
TRO,
you keep saying that. But's let get down to brass tax. Either the
candle color means something or it doesn't. We can look at a M1 chart
and see that price is ALWAYS going UP and DOWN OVER and OVER. That's a
given. But unless we want to scalp constantly, constantly hoping that
it will go in our direction (ANYTHING CAN HAPPEN!!!), then we need at
least some sort of looking at the larger trend. And given the picture
you gave, no I would not trade against that huge trend that can be seen
on any of the timeframe H1 and lower. But when price is crossing the
open on H1 back and forth, or worse yet you have day open and hour open
getting crossed and those candles going back and forth between red and
green, it's hard to know what to do. And it would be hard for me to get
into that trend in the picture you showed for the simple fact that the
green candle has pulled back, so I would be thinking after a long run,
yeah it's about ready for a pullback, and I wouldn't knowingly go into
a trade that I thought was going to turn and go against me right after
I get into it. Call it psychology. An experienced trader has learned
many things and uses many techniques in trading that if they were asked
to explain, would leave something out. Being comfortable with something
new first takes understanding it, and then getting used to it through
doing it over and over until comfortable.
Don Quote:
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DID SOMEONE THINK PRICE COULDN'T GO HIGHER? http://i34.tinypic.com/208g0tz.gif DIDN'T I TELL YOU TO QUIT THINKING AND START USING (AND TRUSTING) WHAT YOUR EYES SEE? |
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price goes up, price goes down
TRO.
Price goes up. Do you buy it everytime it goes up? what if it goes down
after you buy? how much do you let it go down before you exit the
trade, or how do you know it is going back up. forget candle color. we
see the bid line going up and down. it does this constantly. question
is: how do we know this is a scalp or a longer trade? Price didn't go
straight up with no pullbacks at all. It may LOOK that way on a
completed bar, but we know that's not the case when we look at lower
timeframes. You say don't think, just SEE. I SEE price goes up, I buy,
then price goes down, and I sell. Should I have held on? That big run
from earlier where another poster got 70 pips... it was supposedly a
scalp trade at best according to your rules, but that person stayed in.
Why did they stay in, another get in and jump out, and another not get
in at all? Obviously price went up, and in hindsight we can say it went
up. Trading it live price doesn't go straight up.
Don |
Come
here... Are you getting it? I mean really... has it hit you like a ton
of bricks? Has the light bulb gone off? Yes? No? It's right there....
you just have to SEE it!
HINT: QUIT THINKING! |
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If you wait UNTIL it goes up, then you may be TOO LATE! PRICE GOES DOWN and you manage the trade. Either hold, exit or add to the position. There's nothing else you can do. I can't predict the future but I do know the possible outcomes.. UP or DOWN. If you ask better questions, you get better answers. YOU DON'T KNOW, DON, THAT'S WHY IT'S CALLED TRADING. THAT'S WHY THERE IS RISK OF LOSS WHEN YOU TRADE. YOU NEED TO LEARN TO MANAGE THE TRADE INSTEAD OF SEEKING ANSWERS TO QUESTIONS THAT DEAL WITH THE FUTURE. Remember, Don, other people have read the exact same things that you have read here and they are MAKING MONEY which is the point of trading. You need to find out what's different about them. That's where your success lies. |
DO YOU REALLY WANT TO TRADE AGAINST H1?
http://i36.tinypic.com/33487ic.jpg http://i34.tinypic.com/106lv1j.gif Sometimes, it IS profitable. But the other times, you get your head handed to you. You can ALWAYS wait for the next setup when H1 matcher D1. THAT'S CALLED DISCIPLINE. |
Wish I was better at it
They
are different PEOPLE. They may hold while I get scared out of the trade
with either a small profit or small or large loss. I'll hold the trade
when I shouldn't, and don't hold it when I should. People with
different emotional makeups are gonna trade differently. I am trying to
get emotion out of the picture, but haven't. I get what you're saying,
but trading it is more difficult for me than for others. Like right
now, the candle is green, but has lost half it's height, and is going
nowhere it looks like on H1 chart. I have to accept the fact that there
are things about my thinking, emotions, and perception that have to
change to be successful, but you have to accept that there are those of
us that are reading that are not successful traders, and are just
getting started, and do have trouble even with the things that seem
obvious to you. After all, I'm sure you didn't start out trading being
as successful as you are now. It took TIME and DOING to get there. Now
you feel comfortable with it. Not everybody does. I do thank you for
trying to show us all how simple it is. I hope I eventually can not
only SEE it, but also have the guts to TRADE it and hold on to
successful trades and discard losing ones (but how much should I let it
go against me on H1 timeframe before I "but my losses?"). I'll leave it
at that, and I'm going to watch TV and rest my mind.
Don Quote:
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SOMETIMES YOU JUST HAVE TO WAIT A FEW MINUTES... http://i38.tinypic.com/1496ziu.gif AND THINGS LINE UP!! |
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Perhaps if you TRADED like it was DRIVING, things would be simpler! See, DON, if you do X in trading and you lose, and you do X again and you lose, do you see that doing X is NOT profitable? That means DO NOT DO X AGAIN!! You mentioned that PRICE does NOT go straight up. Most of the times it doesn't. It moves in waves or pulses. If you see it pulse UP and stop, is that the optimal time to enter a long trade? Perhaps if you WAITED for a down pulse and entered when it STOPPED, you might not experience those draw downs and stops. |
Hey
Avery whats up. I seen some people trying to drop on you. I do think
your here to help and you are the one I see helping alot. People see
that ECN broker thing and think its a sales pitch. Dont forget its only
worth using a ECN if you use large lots. I think that will shut alot of
people up about you.
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Enjoying this...
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Good analogy
Avery,
No. I just drive. But had to learn how to do that too. Is there anything that any of us do that we didn't have to learn how to do first, and then we got better the more we did it? No. Even things I am "self-taught" on, was reading information from someone else. I stand on the shoulders of giants, and build on foundations already laid, no matter what the subject is. Thank you on the "pulse" information. I understand and intend to implement. Don Quote:
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+15 pips on this!
http://i33.tinypic.com/9gkg2d.jpg
Didn't load it on my chart on this one...but the Buy Zone would've called this! |
n8rader,
Where are you entering and exiting? |
Sorry I should've noted that...
Shorted at 150.45, closed at 150.30...it's still moving down, but I like to be at risk for as little time as possible. 1-2-3 strategy worked well here (over multiple candles, not 3 in a row). http://i37.tinypic.com/30kfsjd.jpg |
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cos the price kept going up...... why should i have stopped? why was it supposedly a scalp trade? i dont understand that. i have not seen any of tro rules definig a scalp trade from another type of trade |
So,
when price reaches a level (any) it will go through it most of the
times. If that level is reached because the price is going down,
chances are it will continue to go down, so we go short at that level.
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They know I am telling the truth so they have to attack the messenger. It's an old tactic yet even in the 21st century many people still fall for it. |
is it normal that i notice a difference of few seconds between datas from different platform?
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http://i37.tinypic.com/a3cm0m.gif
In at 150.63 H1 and D1 are green could be a good one!!! http://i33.tinypic.com/qrgoao.gif As soon as i was in profit i set a profit SL+5 so i can not lose anymore on this one. I've been stopped on +5. because i did'nt take my profit while it was more but hey some-one has teached me "take what you can and defend what you allready have" |
TRO,
I trusted at 7:03 gmt, price= 190.02. Price barely broke even and now I'm in a drawdown. Can you comment on this? thank you. [quote=TheRumpledOne;68548]DID YOU TRUST? http://i38.tinypic.com/sx26ug.gif |
teached me = taught me
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Here is how you can use it to your advantage to make even more pips : 1) Enter 2 lots, not just one. 2) When you have reached 5 pips + spread, close one amount. 3) Then set you s/l to break even. The worst that can happen from that point on is the second lot retraces to the breakeven point and the trade is closed out for the net profit on the first lot. 4) Now, with added confidence, you can let the 2nd lot run for all it is worth. This then complies with the trading axiom.......... Let your winning trades run and close out losing trades. Hope this helps. |
Oh well... after 20 minutes it turn profitable. I took +8 pips.
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So the point is when the candle color in all time frames show the same color you can see exactly where the price is moving that time? But usually after there's an "agreement" in candle color of all time frames there will be a "disagreement" from some time frames. How did you handle that "disagreement"? Does the "key" is to wait for some entry trigger after all candle color reach an "agreement"? :confused: Or there's no entry trigger but the "key" is related to "You have to be quick!" :confused: |
I just had to chime in here...
Horizontal lines are awesome! Thanks for all you do, Avery. |
hi all,
has anybody experienced a delay in data feed from one broker to another. if it is it could a marvellous tool in getting few seconds ahead...... |
[quote=metalorn;68607]TRO,
I trusted at 7:03 gmt, price= 190.02. Price barely broke even and now I'm in a drawdown. Can you comment on this? thank you. Quote:
YOU ENTERED WAY TOO LATE, THE PARTY WAS ENDING!! |
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Next time, get in on the FIRST HORIZONTAL LINE CROSS. |
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