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All you need
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Created: by Jeff Castille Attachments:534

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All you need

  #471 (permalink)
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Testing the attachment.

I can't stand having to click on a chart to see it, then go back and read the post only to have to click on the chart again and go back to the post to read it and ....

THAT'S A WASTE OF MY TIME!!!

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  #472 (permalink)
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Awesome charts

Fact is.... it's hard to see with any degree of clarity on the attachments.

Thanks!!! I did a trial run.... so I'll post some clearer images in the future !

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  #473 (permalink)
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Jeff Castille View Post
Fact is.... it's hard to see with any degree of clarity on the attachments.

Thanks!!! I did a trial run.... so I'll post some clearer images in the future !

Let's hope no one gets their panties in a bunch over BIG CHARTS...LOL

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  #474 (permalink)
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Thank you, TRO!

Do you wait for the bar to close to enter the position?

I guess I am puzzled by the timing.

If you wait for the bar to close, the next candle is starting lower / higher, then do you wait for it to come back to the line to enter?

If you don't wait, what if the bar reverses the color when it closes?





TheRumpledOne View Post

I do not concern myself with FAKE OUTS.

If price is volatile, then I would take whatever I can get quick before the market takes it back. What is 5 ticks worth to you? 10? How many ticks do you need to reach your daily goal? You have to quit when your goal is reached. Don't be like the gamblers in Vegas who give back their winnings.

The blue lines are at the low of the H1 candle and the red lines are at the high.

You go long when a green candle touches a red line.

You go short when a red candle touches a blue line.

How many losers do you see?


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  #475 (permalink)
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wuolong View Post
Thank you, TRO!

Do you wait for the bar to close to enter the position?

I guess I am puzzled by the timing.

If you wait for the bar to close, the next candle is starting lower / higher, then do you wait for it to come back to the line to enter?

If you don't wait, what if the bar reverses the color when it closes?

No, I do not wait for the bar to close.

If the bar reverses and hits my STOP LOSS then I LOSE. That's trading.

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  #476 (permalink)
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Ok, so most likely the entry will be somewhere in the middle of the bar. How do you set up your stop loss point then? Right at the line?

And you do wait for a confirmation of the HIGH or LOW first? From Jeff's post, it doesn't seem so.

Is it possible that you give a possible example from the chart below?

Thank you, sir!

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TheRumpledOne View Post
No, I do not wait for the bar to close.

If the bar reverses and hits my STOP LOSS then I LOSE. That's trading.



Last edited by wuolong; September 10th, 2009 at 06:54 PM.
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  #477 (permalink)
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wuolong View Post
Ok, so most likely the entry will be somewhere in the middle of the bar. How do you set up your stop loss point then? Right at the line?

Thanks.

the middle of the bar is the correction == consolidation ... depending on the view ...
so it is depending with the stopp and target ... price goes only down and up.

tro it is right ????????

woulong you know price action or action on a chart ... look at the mirrow it will help ... i mean watch the charts for a month ...
delete all indicators make some frames like 5/60/240/1440 ...

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All you need-screenshot-10.09.2009-23_56_09_reg001.png  

Last edited by wh; September 10th, 2009 at 07:00 PM.
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  #478 (permalink)
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wuolong View Post
Ok, so most likely the entry will be somewhere in the middle of the bar. How do you set up your stop loss point then? Right at the line?

And you do wait for a confirmation of the HIGH or LOW first? From Jeff's post, it doesn't seem so.

Is it possible that you give a possible example from the chart below?

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Thanks.

I think you are mixing different trades.

The HORIZONTAL LINE trade is entered in the direction price is moving when price hits the line - you (usually) do not wait for the candle to close.

The High/Low of the day reversal trade is made after a new daily high or daily low has been made (let the breakout M5 candle close) and you see price reversing.

The H1 High/Low trade is entered when price hits the High/Low line in the direction price is moving - you (usually) do not wait for the candle to close.

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  #479 (permalink)
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Thanks.

It helps to clear up quite a bit

Sorry for my dumbness, what are the M5 and H1 candles? I tried to google them, but could not find any explanatory results.




TheRumpledOne View Post
I think you are mixing different trades.

The HORIZONTAL LINE trade is entered in the direction price is moving when price hits the line - you (usually) do not wait for the candle to close.

The High/Low of the day reversal trade is made after a new daily high or daily low has been made (let the breakout M5 candle close) and you see price reversing.

The H1 High/Low trade is entered when price hits the High/Low line in the direction price is moving - you (usually) do not wait for the candle to close.


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  #480 (permalink)
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h1 hourly 1 hour
m5 minute 5 minute

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