Some rules:
The 2 slope lines with tomato color and dodger blue: gives us a picture on the big overall trend. Not nescassery that we trade according this trend. But if they are in same direction with the aqua and blue line the better or the more lickely we have a profitable trade.
The 2 Slope direction Lines (aqua and blue): gives us the trend that ONLY we trade accordingly. If these lines are aqua, we ONLY take long trades. If they are blue we ONLY take short trades. The steeper the angle of these lines the better. The steeper the angel of these lines the stronger the trend. We do not trade if these lines are more or less flat. We want to see them going up nicely or going down nicely.
The Signal line (green and red): If we take short positions this line has to be red. If we take long positions this line has to be green.On the smaller time frames this line wil trigger our exits.
The execute line (yellow and magenta): This is the line that will trigger our entrys. On the higher time frames it will also trigger our exits.
INDICATORS AND TEMPLATE UPDATED THE 18 Nov. 2006
These are new VIDEO files that explain the TSR simple setups.
All the files combined are a total of 6 hours and 20 minutes:
- recognizing trend on 5 min. chart.
- trading accordingly on 1 min chart with the help of the market rotations and the "1st top 1st bottom" patterns.
- the stoploss rules.
- recognizing patterns when to stay away from trading(fishnet patterns, top-retracment and bottom-retracement patterns, newsbar patterns, consolidation range patterns, price action patterns.
- High probability setups ( the "10 items in place" )
- correct reward/risk entrys according the daily range indicator.
- Moneymanagement according the daily range indicator.
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The same file:
TSRbasicPart1.rar
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The same file:
TSRbasicPart2.rar
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The same file:
TSRbasicPart3.rar
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The same file:
TSRbasicPart4.rar