All you need

September 10th, 2009, 04:54 PM

jdella

So TRO is it important to section the chart in 10 point increments? Regardless of the instrument that you trade, i.e. CL/ YM/ EC etc. I know you trade forex but you get what I mean.

Thanks for your insight, and I for one would like to welcome you to what I feel is the greatest forum for traders helping other traders. Thanks Big Mike for hosting it.

Jeff

You can pick any number that makes sense to you. Once again, if you think of "stairs", you can see how price does not like to stay on any stair too long. I would assume a 10 point increment would make you some nice "cheese"? LOL!!

September 10th, 2009, 04:56 PM

Jeff Castille

Here's a look at today's "All you Need" template.

TRO, thanks for sharing so many of your set ups. It is such a different way of looking at the markets than I am used to. I'll have to do some serious studying of the charts that you posted tonight so that I can formulate some sort of half way intelligent response.

Jeff

Nothing to "study", really. Your time would be better spent looking at a "blank" chart with horizontal lines until you "SEE" it for yourself. Remember, looking and seeing are NOT the same. We may both be looking at the exact same thing at the exact same time but we may each "SEE" something different.

September 10th, 2009, 04:57 PM

Cunparis,

Check out permalink #439 on this thread.... this is where TRO put forth the basic set up that I tried.

Jeff

September 10th, 2009, 04:58 PM

TRO...... sort of like hearing and listening....

September 10th, 2009, 04:59 PM

Jeff Castille

Just to let you know...... I tried the "Red Rat" in sim mode today...... two set ups..... both worked !!!!

It usually does. The "trick" is to know when to quit.

With proper position size, you can quit trading for the day after one or 2 trades. People wonder how can I post so much and trade at the same time.

September 10th, 2009, 05:02 PM

The power of QUITTING. You gotta love it !!!!!

September 10th, 2009, 05:04 PM

cunparis

Can you explain how you do this? Sorry but I'm really new to trading without squigglies.

So you draw horizontal lines above & below the high & low of the 1 hour candle. Now let's say price goes above. Do you program a buy stop ahead of time? Say 3 ticks above the high to prevent a fake out?

once you're in you have 10 tick stop you said. From what I see in the markets price rarely moves straight up. It moves up 10 back 6 up 10 back 6 etc. So let's say you get stopped out. Do you program another buy stop above the high?

I'm convinced this works on major swing pivots but on a 1 hour range I'm having a hard time seeing it.

Thanks

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?

September 10th, 2009, 05:05 PM

Hey TRO,

Can you walk me through the process of posting awesome charts instead of the attachments?

Thanks,Jeff

September 10th, 2009, 05:06 PM

Jeff Castille

TRO...... sort of like hearing and listening....

Exactly!!

Finally, someone understands!!

September 10th, 2009, 05:08 PM

Jeff Castille

Hey TRO,

Can you walk me through the process of posting awesome charts instead of the attachments?

Thanks,Jeff

I upload to TinyPic - Free Image Hosting, Photo Sharing & Video Hosting

Then I copy the IMG line and paste it here.

My using BIG FONTS and BIG CHARTS is a reason some forums use to ban me. How silly can it get?

All you need

Discussion in Traders Hideout

All you need