DislikedNew version RHO-Pro-6 {quote} Your comment is correct! I reacted too quickly when RobinHood set the slow line parameters to zero in his chart. In this case the slow line crosses the zero line (Ma1/2 Periods = 0), and in the standard case it is the fast line that crosses the zero line. Here is the corrected version. {file} {image}Ignored
- #8,822
- Edited 5:01am May 28, 2024 4:30am | Edited 5:01am
I am using the LWMA and the SMMA and they are quite different.{file}
That said how can i get the LWMA and SMMA into my chart? When i load the template and add TMMS indicator i don't get the other 2 ?
I figured this out by adding the RHO-6 and then choose the correct LWMA/SMMA
Where can i find them ? ( I did use the search bar, but nothing showed up
.)"Regarding the RHO Pro Triple Threat that I posted in Post # 8786... "
On What TF did you suggest your friend to trade on?
Kind regards
- #8,824
- May 28, 2024 6:21am May 28, 2024 6:21am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
{quote} Thank you for all your efforts, i just created this acc so finally joined. That said how can i get the LWMA and SMMA into my chart? When i load the template and add TMMS indicator i don't get the other 2 ? I figured this out by adding the RHO-6 and then choose the correct LWMA/SMMA Where can i find them ? ( I did use the search bar, but nothing showed up
Always a Student, Never a Master - Emulate What Works
- #8,827
- May 28, 2024 10:03am May 28, 2024 10:03am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #8,828
- May 28, 2024 10:13am May 28, 2024 10:13am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #8,831
- May 28, 2024 1:19pm May 28, 2024 1:19pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #8,832
- May 28, 2024 2:10pm May 28, 2024 2:10pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
For those who don't know it, I live in the U.S and day trade (and swing trade) the stock market most every day.
Yesterday we had a national holiday and our stock markets were closed.
That gave me my only other option to trade which was the Forex, so I day traded it using the Triple Threat template. Then today was my first opportunity to day trade the stock market using it.
The dilemma I have, as many of you know, is that I don't have the same indicators available to me on my stock trading platform (TC2000) as I do on MT4, luckily mostly thanks to SwingMan.
So I learned some interesting things about trading the Triple Threat yesterday and today.
Since I do not have the smTMMS indicator that I use on the Forex, I had to figure out another way to "complete" the Triple Threat for trading stocks, which I did satisfactorily yesterday after I was done day trading the Forex.
So what I have learned about the white lines on the smTMMS indicator (any version), and getting out of a trade JUST because one or more cross to the opposite side of the zero line is incorrect. It ONLY matters IF there is also a color change after one or more white bars, as in from blue to red or red to blue, otherwise it shows you Continuation Trades which is pretty cool. Those bars turn white for a good reason, and as far the arrows go, they are only there to show when price crossed above or below the gold line which has nothing to do with trading the Triple Threat. So I have reverted back to using smTMMS_v5.0 because it has neither the gold line, nor the arrows.
Moving on...
The RHO Pro LWMA when used in conjunction with the other two members of the Triple Threat can also show you Continuation Trades also. Say you see blue bars in all 3 windows at the same time, that's a Long trade, but then you get Red bars in the LWMA window, but none in the other 2 windows, they remain blue, then the LWMA bars resume to being back to blue, that's a Continuation Trade.
What I learned about trading stocks with the Triple Threat for the first time today, is that the LWMA shows you the same thing as what I just said above.
Interestingly enough, I did not realize yesterday what I said about the white bars until I didn't have them for stocks, and I didn't realize what I said about the LWMA until I traded Triple Threat on stocks today.
Now what I plan on doing is finding one or more "really good" exits because I think using just the red and blue bars changing colors often causes you to give too much profit back, or even lose more on a trade than you should. If anyone has a good suggestion, please post it.
In the image below, you can see the things that I have just described. (Some of my drawing tools just quit working on MT4 and so I couldn't mark up the chart like I would liked to have, if anyone knows a fix, please let me know as I use them quite a bit)
Yesterday we had a national holiday and our stock markets were closed.
That gave me my only other option to trade which was the Forex, so I day traded it using the Triple Threat template. Then today was my first opportunity to day trade the stock market using it.
The dilemma I have, as many of you know, is that I don't have the same indicators available to me on my stock trading platform (TC2000) as I do on MT4, luckily mostly thanks to SwingMan.
So I learned some interesting things about trading the Triple Threat yesterday and today.
Since I do not have the smTMMS indicator that I use on the Forex, I had to figure out another way to "complete" the Triple Threat for trading stocks, which I did satisfactorily yesterday after I was done day trading the Forex.
So what I have learned about the white lines on the smTMMS indicator (any version), and getting out of a trade JUST because one or more cross to the opposite side of the zero line is incorrect. It ONLY matters IF there is also a color change after one or more white bars, as in from blue to red or red to blue, otherwise it shows you Continuation Trades which is pretty cool. Those bars turn white for a good reason, and as far the arrows go, they are only there to show when price crossed above or below the gold line which has nothing to do with trading the Triple Threat. So I have reverted back to using smTMMS_v5.0 because it has neither the gold line, nor the arrows.
Moving on...
The RHO Pro LWMA when used in conjunction with the other two members of the Triple Threat can also show you Continuation Trades also. Say you see blue bars in all 3 windows at the same time, that's a Long trade, but then you get Red bars in the LWMA window, but none in the other 2 windows, they remain blue, then the LWMA bars resume to being back to blue, that's a Continuation Trade.
What I learned about trading stocks with the Triple Threat for the first time today, is that the LWMA shows you the same thing as what I just said above.
Interestingly enough, I did not realize yesterday what I said about the white bars until I didn't have them for stocks, and I didn't realize what I said about the LWMA until I traded Triple Threat on stocks today.
Now what I plan on doing is finding one or more "really good" exits because I think using just the red and blue bars changing colors often causes you to give too much profit back, or even lose more on a trade than you should. If anyone has a good suggestion, please post it.
In the image below, you can see the things that I have just described. (Some of my drawing tools just quit working on MT4 and so I couldn't mark up the chart like I would liked to have, if anyone knows a fix, please let me know as I use them quite a bit)
Always a Student, Never a Master - Emulate What Works
- #8,834
- May 28, 2024 6:06pm May 28, 2024 6:06pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #8,835
- May 29, 2024 5:41am May 29, 2024 5:41am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #8,837
- Edited 10:19am May 29, 2024 9:46am | Edited 10:19am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Can i ask what TF you prefer for day trading FX ? What i noticed is when i applied the Williams Alligator indicator it gives almost the exact signals as the 3 oscillators together. So when combined its gives your more confluence when to enter and to exit. Added a 200 ema just for bias confirmation It gives best results on the 5m tf imo, once it pull backs to the red line it means its a pullback onces it break the red line and closes below trend is most likely over. Give it a go and lmk if it helped! Anyway love the thread. Kind regards
I toyed with using the Alligator when Bill Williams first introduced the concept back in the 90's but I always felt that they were a bit too late to the party compared to the ma's I was using.
I just did a side by side comparison of the ma's I use and the Alligator. On the chart below, mine are on the left, the Alligator is on the right.
Anyone who has read this thread knows that Continuation trades are my favorite way to enter a trade, the concept is even listed in my profile as my best trading advice.
To me, trying to spot the Continuation trades using the Alligator vs how my ma's show them is no contest, not even close.
I realize that you were only pointing out how the Alligator entries somewhat coincide with the Triple Threat entries and I do see that to some degree, but I also ALWAYS use something on the chart that shows me Continuation Trades as they are my bread and butter. My ma's below point out 5 Continuation Trades.
For those who are interested, I use the 3, 7, 21, 34 and 55 ema's. And I use the 17, 21, and 24 ema to make the Roadmap, or I sometimes use the 34 ema, 34 high, and 34 low. It mostly depends on which one looks like whatever I am trading respects which one the most.
Always a Student, Never a Master - Emulate What Works
- #8,838
- May 29, 2024 2:37pm May 29, 2024 2:37pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
After having day traded the Forex using the Triple Threat template on Monday, and using it to trade stocks on Tuesday, today I traded both of them together at the same time. What I was most surprised to learn is that it was MUCH easier to day trade the Forex, at least it was today. When you look at the image below I think you will immediately see why. I am going to do the same thing for the next 2 days and then decide which one I will use to day trade every day, and not the other.
Next, I wanted everyone to see this chart of the 1 min. USD/JPY (that's what I traded today). I see at least 10 Continuation trades on it. Some may be minor, but you don't ever know how they will turn out until it's over. Interesting enough, every time frame from 1 min. to 1 month and every one in between all would Long using the Triple Threat at the time I looked at them all today. Read what it says at the very bottom of all of my posts "Emulate What Works".
Next, I wanted everyone to see this chart of the 1 min. USD/JPY (that's what I traded today). I see at least 10 Continuation trades on it. Some may be minor, but you don't ever know how they will turn out until it's over. Interesting enough, every time frame from 1 min. to 1 month and every one in between all would Long using the Triple Threat at the time I looked at them all today. Read what it says at the very bottom of all of my posts "Emulate What Works".
Always a Student, Never a Master - Emulate What Works