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  • #1,521
  • Mar 18, 2011 6:11am Mar 18, 2011 6:11am
Quoting Divergence
this is when trigger bar is not touching sma
hey div

there seems to be still so much confusion over the trigger bar,

Is the trigger bar the bar befor entry bar, or actual bar of entry

Why not post a zoomed in picture of a set up, because all your charts are posted zoomed so far out it is hard to distinguish

thanks for your efforts
  • #1,522
  • Mar 18, 2011 6:14am Mar 18, 2011 6:14am
As the title says, even though I have blown a micro acc.. Have a nice weekend yoa'll. Once again THANKS Divergence.

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  • #1,523
  • Mar 18, 2011 6:16am Mar 18, 2011 6:16am
bar that closes below sma and chi below 50
  • #1,524
  • Mar 18, 2011 6:18am Mar 18, 2011 6:18am
Quoting Divergence
bar that closes below sma and chi below 50
And entry bar is the next one?
  • #1,525
  • Mar 18, 2011 6:23am Mar 18, 2011 6:23am
yes
  • #1,526
  • Mar 18, 2011 6:27am Mar 18, 2011 6:27am
Quoting Divergence
yes
Fourx asked my question. Thanks for the answer, Divergence.

BTW, on my screen two entries could have been made. The first time the trigger bar touched SMA.
  • #1,527
  • Mar 18, 2011 6:27am Mar 18, 2011 6:27am
Are you going to trade live one time?
  • #1,528
  • Mar 18, 2011 6:40am Mar 18, 2011 6:40am
Quoting FOURX
hey div

there seems to be still so much confusion over the trigger bar,

Is the trigger bar the bar befor entry bar, or actual bar of entry

Why not post a zoomed in picture of a set up, because all your charts are posted zoomed so far out it is hard to distinguish

thanks for your efforts
I agree with you FOURX, a well labeled zoomed in picture would save all this confusion, a picture paints a thousand words.
  • #1,529
  • Mar 18, 2011 6:49am Mar 18, 2011 6:49am
I think many are still confused about the nature of the trigger bars as I've read conflicting stuff on the posts here. My understanding is the trigger in a short trend the low should not be more than 2.4 pips away from the MA and the opposite for an uptrend, so the high should not be more than 2.4 pips from the MA. Can you please confirm this Divergence as if you look at some of the recent posts many are seeing this the wrong way.

Thanks




Quoting Divergence
this is when trigger bar is not touching sma
  • #1,530
  • Mar 18, 2011 6:56am Mar 18, 2011 6:56am
Quoting kdx
I think many are still confused about the nature of the trigger bars as I've read conflicting stuff on the posts here. My understanding is the trigger in a short trend the low should not be more than 2.4 pips away from the MA and the opposite for an uptrend, so the high should not be more than 2.4 pips from the MA. Can you please confirm this Divergence as if you look at some of the recent posts many are seeing this the wrong way.

Thanks
Also the entry price must be within 2.4 of the MA, but must have cleaed the trigger bar in the trade direction.It doesnt leave much room from the MA to include spread especially on long entries?
  • #1,531
  • Mar 18, 2011 6:56am Mar 18, 2011 6:56am
Quoting kdx
I think many are still confused about the nature of the trigger bars as I've read conflicting stuff on the posts here. My understanding is the trigger in a short trend the low should not be more than 2.4 pips away from the MA and the opposite for an uptrend, so the high should not be more than 2.4 pips from the MA. Can you please confirm this Divergence as if you look at some of the recent posts many are seeing this the wrong way.

Thanks
You are talking about very tiny bars here, kdx. Is that true?
  • #1,532
  • Mar 18, 2011 7:01am Mar 18, 2011 7:01am
Quoting kdx
I think many are still confused about the nature of the trigger bars as I've read conflicting stuff on the posts here. My understanding is the trigger in a short trend the low should not be more than 2.4 pips away from the MA and the opposite for an uptrend, so the high should not be more than 2.4 pips from the MA. Can you please confirm this Divergence as if you look at some of the recent posts many are seeing this the wrong way.

Thanks
Divergence can clarify but this is what I wrote down from both classes online given over the last week by him

Up-trend: The up-trend trigger bar needs to have a LOW within 2.4 pips of the SMA. So if going up it is not too far away already from the SMA. If the LOW on the trigger bar is TOO far away, ie > than 2.4 pips, from the SMA the price action has taken off. Wait for the next pullback and for the low of trigger bar to be within 2.4 pips of the SMA.

Down-trend: The down-trend trigger bar needs to have a HIGH within 2.4 pips of the SMA. So if going down it is not too far away already from the SMA.

I wrote almost the same thing twice from both classes.

Remember, the trigger bar is the bar that triggers you to look to get into a trade. It is not the "execution" bar. The 1 bar following or 2nd bar following, for a second chance, will be the execution bar of the trigger bar. The trigger bar is where you set the entry from, 1 pip above the high for an up-trend, opposite for a down trend. All of the rules have to be met for a trigger bar to be valid. Crossed the SMA in the direction of the trend, within 2.4 pips of the SMA (high for a down trend and low for an up trend). Now you have a trigger bar and then you look to see if you get an execution bar within the next to bars. If not, wait for the next one.
  • #1,533
  • Mar 18, 2011 7:09am Mar 18, 2011 7:09am
[quote=Rcwso;4482732]Divergence can clarify but this is what I wrote down from both classes online given over the last week by him

Up-trend: The up-trend trigger bar needs to have a LOW within 2.4 pips of the SMA. So if going up it is not too far away already from the SMA. If the LOW on the trigger bar is TOO far away, ie > than 2.4 pips, from the SMA the price action has taken off. Wait for the next pullback and for the low of trigger bar to be within 2.4 pips of the SMA.

Down-trend: The down-trend trigger bar needs to have a HIGH within 2.4 pips of the SMA. So if going down it is not too far away already from the SMA.

I wrote almost the same thing twice from both classes.

Remember, the trigger bar is the bar that triggers you to look to get into a trade. It is not the "execution" bar. The 1 bar following or 2nd bar following, for a second chance, will be the execution bar of the trigger bar. The trigger bar is where you set the entry from, 1 pip above the high for an up-trend, opposite for a down trend. All of the rules have to be met for a trigger bar to be valid. Crossed the SMA in the direction of the trend, within 2.4 pips of the SMA (high for a down trend and low for an up trend). Now you have a trigger bar and then you look to see if you get an execution bar within the next to bars. If not, wait for the next one.[/quote

Right, I even made levels 2.4 pips distance from sma in both directions, so I don't have to count the pips.
  • #1,534
  • Mar 18, 2011 7:15am Mar 18, 2011 7:15am
Does everyone agree that what we see now is not a valid retracement? no angle on the retracement..
  • #1,535
  • Mar 18, 2011 7:21am Mar 18, 2011 7:21am
Good job, Rcwso!!!!


Carol
  • #1,536
  • Mar 18, 2011 7:31am Mar 18, 2011 7:31am
Div has done a great job for us all - look at Post 1411 if looking for a document that brings everything together...

6 W trades on my route to 100!
  • #1,537
  • Mar 18, 2011 7:46am Mar 18, 2011 7:46am
to end confusion trigger bar will now be called setup bar the candle that gets u into trade is the trigger bar
  • #1,538
  • Mar 18, 2011 7:50am Mar 18, 2011 7:50am
Quoting Divergence
to end confusion trigger bar will now be called setup bar the candle that gets u into trade is the trigger bar


Divergence, have mercy on us, now when we all understood what is the trigger bar, it becomes not a trigger bar anymore!
  • #1,539
  • Mar 18, 2011 7:51am Mar 18, 2011 7:51am
Quoting Divergence
to end confusion trigger bar will now be called setup bar the candle that gets u into trade is the trigger bar
Just to make sure, did I explain the chart I posted correctly?

Now we will call the White one the "SET-UP" bar and the red one the "TRIGGER BAR." Yes/No?
  • #1,540
  • Mar 18, 2011 7:53am Mar 18, 2011 7:53am
find trend wait for pullback find setup bar wait for it to trigger manage trade make money
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