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Law Of Chart

  • #181
  • Oct 29, 2009 8:48pm Oct 29, 2009 8:48pm
Quoting jamesb007
hi DOn, i was so exited about the thread that i post a reply before even reading the TTE lol.... Ive read a little bit now and wow thats all i have to say...
That pattern happens all the time man its like a double bottom(or double top) Like today i used on 5min chart on eurjpy but as a newbie i close the trade too soon for only70pips as it went flying after i closed...Anyways I will read the whole TTE and the whole thread so i can learn more about this method man .. Thanks alot , great thread DON
Keep it UP thanks

Great keep it up...Everyone is newbie in this market only few experience make us different.
MY OPINION NOT FINANCIAL ADVISE
  • #182
  • Oct 30, 2009 2:10am Oct 30, 2009 2:10am
G'day donfriday,
Thank you very much for introducing Mr.Ross to FF and starting this thread.
The indicator attached by you is a great tool too ...
Best Regards and happy trading.
Darek
  • #183
  • Oct 30, 2009 6:41am Oct 30, 2009 6:41am
Quoting DareXau
G'day donfriday,
Thank you very much for introducing Mr.Ross to FF and starting this thread.
The indicator attached by you is a great tool too ...
Best Regards and happy trading.
Darek

you are welcome on board bro...Thanks for the comment..
MY OPINION NOT FINANCIAL ADVISE
  • #184
  • Oct 30, 2009 8:03am Oct 30, 2009 8:03am
Hi Don, I've been following your thread since inception. This is the first time that someone came up with a working system. I have demo traded it and confirmed that it works. I voted last week. Keep up the good work. I be naija too.
To succeed in Forex, you need to work hard, persevere, and never give up.
  • #185
  • Oct 30, 2009 9:35am Oct 30, 2009 9:35am
Hi,
find file attached. That's over 400% pure profit in just 3 weeks.
Do have a great day.
Attached File(s)
File Type: zip mesh.zip   4 KB | 575 downloads
  • #186
  • Oct 30, 2009 10:01am Oct 30, 2009 10:01am
Hi,
... this method is simply great ...
I've been trading profitably and consistently for about eight - nine months using a Feb's "system II" ...
but never had a such clean entries as now, when plotting this simple indicator and following easy instruction for Ross hook and his TTE
Happy trading to all.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD.jpg Size: 182 KB
  • #187
  • Oct 30, 2009 10:48am Oct 30, 2009 10:48am
Quoting polapip
Hi Don, I've been following your thread since inception. This is the first time that someone came up with a working system. I have demo traded it and confirmed that it works. I voted last week. Keep up the good work. I be naija too.

Thanks my bro, Good to see my own people in the room..Have a lovely weekend..


Quoting DareXau
Hi,
... this method is simply great ...
I've been trading profitably and consistently for about eight - nine months using a Feb's "system II" ...
but never had a such clean entries as now, when plotting this simple indicator and following easy instruction for Ross hook and his TTE
Happy trading to all.
good Job bro and pls dont forget ur trailling stop put ur sl at profit and let profit run....also the indi is not always our view but it give only less stress in finding the parttern so ur experience from the study is the main confirmation..thanks for the support...
have a great weekend.
MY OPINION NOT FINANCIAL ADVISE
  • #188
  • Oct 30, 2009 1:02pm Oct 30, 2009 1:02pm
GJ 15tf set up for....
Attached Image (click to enlarge)
Click to Enlarge Name: albino.png Size: 13 KB
MY OPINION NOT FINANCIAL ADVISE
  • #189
  • Oct 30, 2009 2:12pm Oct 30, 2009 2:12pm
What TF are you trading?
To succeed in Forex, you need to work hard, persevere, and never give up.
  • #190
  • Oct 30, 2009 2:46pm Oct 30, 2009 2:46pm
Guys i think we are done for the week so time to rest...have a lovely weekend , time for me to taste this thing down here...Lol
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #191
  • Oct 30, 2009 9:33pm Oct 30, 2009 9:33pm
Quoting polapip
What TF are you trading?
Hi polapip,
... for purpose of the trades using 1-2-3 Rh there was a 5 min. T/F, but
generally I'm not using a conventional time-frames any longer
because now my charting and trading is based on (5 pips) range bars,
which I reckon are giving much better view on real price action.
Have a good week-end.
  • #192
  • Oct 31, 2009 12:07am Oct 31, 2009 12:07am
Quoting DareXau
Hi polapip,
... for purpose of the trades using 1-2-3 Rh there was a 5 min. T/F, but
generally I'm not using a conventional time-frames any longer
because now my charting and trading is based on (5 pips) range bars,
which I reckon are giving much better view on real price action.
Have a good week-end.
It works great with Renko too! I'll post a chart later. Great thread Don!

Q
The Only Constant Is Change!
  • #193
  • Oct 31, 2009 11:16am Oct 31, 2009 11:16am
[quote]
I'm not using a conventional time-frames any longer
because now my charting and trading is based on (5 pips) range bars,
which I reckon are giving much better view on real price action.
Have a good week-end. http://cdn.forexfactory.com/images/smilies/peace.gif

Could you explain better maybe we could learn more. Thank you for the prompt reply. Have a nice weekend too.
To succeed in Forex, you need to work hard, persevere, and never give up.
  • #194
  • Oct 31, 2009 7:20pm Oct 31, 2009 7:20pm
Quoting polapip
Could you explain better maybe we could learn more. Thank you for the prompt reply. Have a nice weekend too.
Hi,
... there is a shit-loads of info re: range bars on a net, but basically this is just different view on price action, which eliminates the time as a main factor.

" ... Nicolellis Range Bars were conceived in 1995 by a Brazilian broker and trader - Vicente M. Nicolellis Jr.
During 13 years running a trading desk in Sao Paulo, where local markets tend to be volatile, he wrestled with the problem of how to handle this volatility and its variability.
Finally he concluded that the most promising approach would be to eliminate time from the equation, and just concentrate on price.
After all it is price that you trade rather than time (unless it is an options market)
Essentially this reverts to the early days of technical analysis, and the use of point an figure charts which just record price changes.
By using a constant range, ex: 5, 7, 10, etc. and opening a new bar once that range is covered, one can also apply modern concepts of indicators, which are bar based.
In 1996 the concept was computerized, which meant that many more markets could be studied.
Experience has shown that Nicolellis Range Bars are particularly good at focusing on and clarifying movement.
The way in which a long meandering, horizontal congestion is condensed into a bar or two, concentrates attention on the essential underlying price movement
while eliminating unnecessary clutter and noise. This also makes the use of trendlines easier ... "

Have a good look on the two charts attached and compare them closely. As a picture can tell a thousands words.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5 min..jpg Size: 303 KB
Click to Enlarge Name: 5 pips range.jpg Size: 259 KB
  • #195
  • Oct 31, 2009 9:36pm Oct 31, 2009 9:36pm
Quoting my30marahaba
hi 3mmmm,

actually the 1-2-3 H method is the great method this is part of TLOC (the law of chart), entry point we are using TTE (Trader Trick Entry) for the detail of it try to read the trading by the book presented by Mr Joe Ross
Summary of TLOC
1. Break out of 1-2-3 H
2. Break out of Ledge (consolidation area)
3. Break out of Trading range (consolidation area)
4. Break out of Rh
Here my strategy of my template
I'm using 3 LWMA's - 20 LWMA primary trend line , 45 LWMA or 55 LWMA secondary trend line, 135 LWMA Major trend line.
to supported the...
Hi My03marahaba,

What TF are you using?
I've seen you are using 4hrs

Thanks

Have a good weekend
  • #196
  • Nov 1, 2009 2:07am Nov 1, 2009 2:07am
Quoting pete.alfa
Hi My03marahaba,

What TF are you using?
I've seen you are using 4hrs

Thanks

Have a good weekend
hi pete,

actually TLOC (The Laws of Chart) is working for all Time Frame why ?? coz TLOC is the Laws of the chart.
But for my analyze i'm always have to look for the higher TF
1. Weekly TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
2. Daily TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
3. 4 Hr TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
4. 1 Hr TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
and etc.....

in my chart i'm using 3 MA, but i always looking for the set up 1-2-3 H&L if the price near 55 LWMA (2nd - secondary trend line ) and 135 LWA (3rd - Major trend line) if you got the point #2 and point #3 at 4 Hrs TF, you can enter your order from the lower TF, with the TTE or break out of the summary TLOC this is could help you to minimize your SL and advanced entry to the trade. you can using which one TF as long as make you satisfied to trade using 1-2-3 H&L

cheer
  • #197
  • Nov 1, 2009 2:13am Nov 1, 2009 2:13am
Quoting my30marahaba
hi pete,

actually TLOC (The Laws of Chart) is working for all Time Frame why ?? coz TLOC is the Laws of the chart.
But for my analyze i'm always have to look for the higher TF
1. Weekly TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
2. Daily TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
3. 4 Hr TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
4. 1 Hr TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
and etc.....

in my chart i'm using 3 MA, but i always looking for the set up 1-2-3 H&L if the...

How are you bro? ....I am working on some stuffs to add on this method so will update you guys when i am done..I have the feelings it can max some profit on entry ...
Cheers Don
MY OPINION NOT FINANCIAL ADVISE
  • #198
  • Nov 1, 2009 2:28am Nov 1, 2009 2:28am
Quoting donfriday
How are you bro? ....I am working on some stuffs to add on this method so will update you guys when i am done..I have the feelings it can max some profit on entry ...
Cheers Don
i'm fine bro, have a nice weekend don ..
  • #199
  • Nov 1, 2009 2:41am Nov 1, 2009 2:41am
Quoting my30marahaba
hi pete,

actually TLOC (The Laws of Chart) is working for all Time Frame why ?? coz TLOC is the Laws of the chart.
But for my analyze i'm always have to look for the higher TF
1. Weekly TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
2. Daily TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
3. 4 Hr TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
4. 1 Hr TF - 1-2-3 H&L, Rh, trading Range, Ledge, consolidation area
and etc.....

in my chart i'm using 3 MA, but i always looking for the set up 1-2-3 H&L if the...

here the sample,

eu on daily tf , 4 hr TF, 1 hr TF, 15M TF and 1 M TF entry set up using 1-2-3 H&L, there is no difference of the TLOC, the difference is only advance early entry and Risk
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eudailytf.gif Size: 30 KB
Click to Enlarge Name: eu4hrtf30b.gif Size: 25 KB
Click to Enlarge Name: eu1hrtf30c.GIF Size: 31 KB
Click to Enlarge Name: eu15TF30a.gif Size: 32 KB
Click to Enlarge Name: euM1tf30d.gif Size: 35 KB
  • #200
  • Nov 1, 2009 4:07am Nov 1, 2009 4:07am
Quoting my30marahaba
here the sample,

eu on daily tf , 4 hr TF, 1 hr TF, 15M TF and 1 M TF entry set up using 1-2-3 H&L, there is no difference of the TLOC, the difference is only advance early entry and Risk
MY OPINION NOT FINANCIAL ADVISE
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