[TheRumpledOne]

Originally Posted by zdo »

TRO,

Where do the horizontal lines come from?

Thanks,

zdo

I use the SWEETSPOTS GOLD indicator that's in the zip file I posted a few pages ago.

[TheRumpledOne]

Nice drop.

[TheRumpledOne]

Reversal after 3 RED H1 candles in a row.

[TheRumpledOne]

Nice pop.

See how average range works?

[Hlm]

Originally Posted by TheRumpledOne »

1) PSYCHOLOGICAL TRADES are entered when the current price ends in 00, 25, 50 or 75. You want to enter in the direction price is moving at the first opportunity. If price is xx23, xx24, then you enter at xx25, you do NOT wait for xx50 to enter.

2) REVERSE TRADES are entered AFTER you have 3 like colored H1 candles in a row. On the 4th candle, you look for the opposite color and enter in that direction.

Does that help?

I gotcha. So reversals have nothing to do with the lines (00, 25, 50, 75). They are just trades taken when you have three like colored H1 candles in a row and you get an opposite one. Thanks for the clarification.

[TheRumpledOne]

Just one trade like this can make your day, week or month depending on lot size.

[TheRumpledOne]

Talk about PRICE ACTION...

LOOK AT TODAY'S LOW ( BLUE LINE ) AND THEN LOOK BACK TO THE LEFT....

DO YOU SEE HOW HISTORY REPEATED ITSELF?

[TheRumpledOne]

PRICE ROCKETED!!