weed

little bit touchy my friend? your broker doesn't care bout your stop. that doesnt mean that there isnt professional money interested in them though. i swing trade that shit is my bread and butter, and is one of the common factors in long term success for the professional traders i know try and relax friend!

come on dude are you for real

you cant beat trends that last for years thats why i trade breakouts into the trend, take half off at 1:1 and let it ride without looking at it for days. you can take some off here and there in whatever amount with oanda to smooth your equity curve

went long at blue triangle, stopped out for 10 pip loss then price took off twas a beauty though, a slightly larger stop would have seen a nice one. alas there will be more

penny stocks are you joking. reported you equity! "Tick volume is defined as the number of price changes. Each time trading moves to a new price, the number of ticks by which the price has changed is added to the tick volume." from http://www.ptti.com/html/help/tick_vol.htm i dont really use the volume for much except for looking at stopping volume on the daily but then my strategy is too simple to mess with abstract concepts like volume trend or s/r

to the guy who said something about breakouts in forex i'm a breakout trader and i don't use volume. trade the london/us overlap and you're straight. everyone that i know that has traded for decades and pays their bills trading is a breakout trader in the spot FX market none of this futures nonsense (lol) and i'm sure there are people here who are scared of the tick volume that is available for spot FX here let me post a chart

hey friend i trade with oanda, and do my charting with metatrader 4 with a feed from alpari i'm sure you've heard all kinds of horror stories about spot fx brokers. oanda is way too big of a corporation to mess around (except for news times) the spreads on the majors are 1 pip during the overlap of london and US trading sessions (1:00 EST to 11:00 EST is the best time) my favorite thing about oanda is the fact that you can have any position size you want, 50:1 lev (if you like that stuff), and no miniumum acct balance you can open an acocunt and deposit 25 cents and trade to see if you like it. like i said my favorite thing is flexible position sizing. if your account is 100k and you are only down to risk 2k on a trade, it doesnt matter how far your stop needs to be for your particular setup, you can just adjust your # of units until the distance to your stop shows you 2k (the $ value from entry to your stop is displayed at the bottom of the window where you enter your market/limit order.) it also shows you the $ val to your TP another huge selling point for oanda is flawless execution, the second i buy/sell i'm filled no worries. a couple months ago i was holding a position over the weekend and my stop was pretty close and price gapped WAAAY up past my stop but they still honored it my only complaint is their charting software is really weird. their platform is java based. its cool that you can trade anywhere there is an internet connection, but it takes a long time to get used to their bare bones charting software. that's why i downloaded MT4 and opened an unlimited demo with alpari (both are free). hope that helps

i don't know how this is interpereted into other markets. as far as i know mr TRO usually posts pictures of forex charts. he also uses 5M candles not 15M i don't know how you would use this, i guess you would use ticks but i would try some back testing before doing anything mr TRO has posted many pictures check them out dog

todays low = lowest price of the day if price opened at 1.75 and traded down to 1.5, then 1.5 would be the low (as soon as it is made) the lowes/highest price of the day is the rat zone (+/- 20 pips)

just read and re read be sure to block out all the negativity that people shit all over mr TRO they cant handle the truth and this means all the more pips for us

mr TRO trades in a way that is almost like trading the shapiro effect its simplicity is elegant, and mr TRO's trading style has evolved and changed as time goes on and as he evolves as a trader at the beginning (of this or another thread) he would enter a trade at "psychological numbers" ending in 25 50 75 and 00 with the direction of the hourly and daily. he later added that the previous hour should be the opposite direction of the current one. now he plays rat reversals when price is within 20 pips of the high or low for the day mr TRO will fade the hi/lo on the break of the first candle that starts to fade a) did i explain clearly b) did i explain accurately you can learn through explaining things so that's what i'm doing i don't claim to be a master of mr TROs ways, i just observe them and learn and have been able to apply his attitude to the market and this has made me more pips than ever the problem is the human mind wants to complicate things

woulda been stopped on that one. hard to tell where the stop would have been. possibly at b/e maybe closer. as i practice i'll be able to tell because my risk and exit strategies will hopefully be more defined

longs 1. above 50 MA 2. above breakout candle's high 3. above open (01:00 EST) 4. volitile market hours 5. stop 1 pip below breakout candle 6. no more than "X#" candles after breakout candle 7. only trade with "X" candlestick color breakout refers to demark trendlines X refers to something i am thinking about and will update soon money management "X%" acct risk each trade stop to breakeven OR 1/2 off table at 1:1 haven't worked up an exit strategy yet, but i will have one posted in the next day or so i'm posting this to keep myself accountable i would love criticism fire away newscalp.txt

last post for a bit better cool off i had to leave my computer so i moved my stop to b/e and now i regret it http://www.traderslaboratory.com/forums/attachment.php?attachmentid=21083&stc=1&d=1274380875

for forex, it looks much more appealing with no PVP, and on a 15 minute chart the only other thing that's on there is a white dashed horizontal line showing what price was at 01:00 EST