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-   -   Never Lose Again!! (http://forums.babypips.com/show-me-money-daytrading/16021-never-lose-again.html)

TheRumpledOne 09-09-2008 08:05 PM

http://i35.tinypic.com/2la6jhf.gif

My OCPD kicked in.

So I programmed an EZ TO READ BIAS indicator.

Hard to miss those big arrows!!

Arrow on left is H1 bias and arrow on right is D1 bias.

Did you ever think you would be trading with HORIZONTAL LINES at random numbers!

See that last green H1 candle? Just add up the pips!!

TheRumpledOne 09-09-2008 08:21 PM

Quote:

Originally Posted by stephangiunta (Post 67103)
Dear all,

this is my first post on this forum.

i am complete newbie and just finished "the school".

i feel very lucky to hve come across this thread very early on as it seems to reflects my own philosophy in life. KISS. (keep it simple, stup** :) )

i have therefore decided to use this thread as the backbone of my education in the forex world.

i go by post by post, trying to decipher every new word and every new concept before going on to the next.

Thank you all and especially TRO for this very useful and informative thread.

i just felt i had to say this.

Stephan

WELCOME TO THE JUNGLE!!

Hopefully, since you are new, you won't have a lot to unlearn ;)

Thanks for stopping by.

Feel free to ask questions. But make sure you have done a google search first because you can find the answer there most of the them.

Now, you'll see some questions that I ask YOU in some of the posts. Post your answers! We'll all benefit.

TheRumpledOne 09-09-2008 08:24 PM

http://i37.tinypic.com/2gx1cok.gif

The candle WAS green at the line.

NOW RED.. but NOT AT THE LINE.

SO WE WAIT.

NOT TO MENTION THE ARROWS DON'T MATCH DIRECTIONS.

PRETTY SIMPLE STUFF.

TheRumpledOne 09-09-2008 09:17 PM

http://i36.tinypic.com/30svo5g.gif

Back to the good old support / resistance trade.

metalorn 09-09-2008 11:20 PM

TRO,

are you actually placing trades out of the 1H chart?

Quote:

Originally Posted by TheRumpledOne (Post 67117)

The candle WAS green at the line.

NOW RED.. but NOT AT THE LINE.

SO WE WAIT.

NOT TO MENTION THE ARROWS DON'T MATCH DIRECTIONS.

PRETTY SIMPLE STUFF.


TheRumpledOne 09-09-2008 11:36 PM

chart Time Doesn't Matter....

Price Is The Same On All Charts!

Remember, Do Not Be Fooled.

The Only Real Chart Is A 1-tick Chart.

TheRumpledOne 09-10-2008 12:00 AM

http://i35.tinypic.com/f4mxxl.gif


See any LOSERS?

Are you CONVINCED or do you need to see more examples of RANDOM HORIZONTAL PROFITABLE TRADES?

metalorn 09-10-2008 12:12 AM

So, it's just the colors...

- the trigger can be on any level
- trade with the 1H and never against the 1D
- any time I choose to trade if candle is green I buy, and I sell if it's red.

edit: and for confirmation, apply the lessons from "Day-Trading 2.0 for small traders"

Quote:

Originally Posted by TheRumpledOne (Post 67149)


See any LOSERS?

Are you CONVINCED or do you need to see more examples of RANDOM HORIZONTAL PROFITABLE TRADES?


edacsac 09-10-2008 12:19 AM

Quote:

Originally Posted by TheRumpledOne (Post 67105)

Nice profit off that GREEN H1 CANDLE!!

Where did you or would you have entered on that green candle?? What I've learned previously would have told me to wait until that green candle closed as confirmation, then enter long at the start of the next candle. Of course that wouldn't work in this example, but where do you enter?

TheRumpledOne 09-10-2008 12:22 AM

Quote:

Originally Posted by metalorn (Post 67151)
So, it's just the colors...

- the trigger can be on any level
- trade with the 1H and never against the 1D
- any time I choose to trade if candle is green I buy, and I sell if it's red.

edit: and for confirmation, apply the lessons from "Day-Trading 2.0 for small traders"

NO.

Not exactly.

Reread the posts.

TheRumpledOne 09-10-2008 12:26 AM

Quote:

Originally Posted by edacsac (Post 67152)
Where did you or would you have entered on that green candle?? What I've learned previously would have told me to wait until that green candle closed as confirmation, then enter long at the start of the next candle. Of course that wouldn't work in this example, but where do you enter?

http://i35.tinypic.com/f4mxxl.gif

HORIZONTAL LINES.

See the magenta lines on the chart.

THAT'S WHERE YOU ENTER!!

THAT WAS THE WHOLE POINT OF THE POSTS. TO SHOW YOU THAT YOU CAN DRAW RANDOM LINES AND USE THEM AS THE ENTRY TRIGGER BASED ON THE H1 AND D1 CANDLE COLORS.


GO BACK AND REREAD.

DON'T COMPLICATE MATTERS.

READ WHAT YOU SEE.

DID I SAY WAIT FOR A CANDLE TO CLOSE?

DO NOT CHANGE THE WORDS.

IF YOU CHANGE THE WORDS, YOU MAY CHANGE THE MEANING AND THAT WILL CAUSE LOSSES.

metalorn 09-10-2008 12:26 AM

I think...

any time within the hour, if I have a green candle, I check to see if the 1M is green and if it is, I can enter. To have more assurance, I'd check the 1D candle, and if it's green, then it's a buy.

I can enter anytime the color of the candles is the same.


Quote:

Originally Posted by edacsac (Post 67152)
Where did you or would you have entered on that green candle?? What I've learned previously would have told me to wait until that green candle closed as confirmation, then enter long at the start of the next candle. Of course that wouldn't work in this example, but where do you enter?


metalorn 09-10-2008 12:28 AM

oh man...

;) ... ok.

Quote:

Originally Posted by TheRumpledOne (Post 67153)
NO.

Not exactly.

Reread the posts.


TheRumpledOne 09-10-2008 12:31 AM

Quote:

Originally Posted by metalorn (Post 67155)
i Think...

Any Time Within The Hour, If I Have A Green Candle, I Check To See If The 1m Is Green And If It Is, I Can Enter. To Have More Assurance, I'd Check The 1d Candle, And If It's Green, Then It's A Buy.

I Can Enter Anytime The Color Of The Candles Is The Same.

I Wouldn't Suggest You Use The M1 Candle Unless You Are Buying Off Of Support.

TheRumpledOne 09-10-2008 12:43 AM

http://i35.tinypic.com/2vjqyib.gif

Do you SEE how simple this is?

Remember how I challenged you to SEE many posts ago?

Some of you struggled.

A few came close.

You have to use your EYES to SEE.

Not think. Not analyze. Just SEE!!

You SEE the GREEN H1 candle move up to the line.

Do you SEE what happens?

The candle CROSSES the line.

If you ENTER AT THE LINE, then you can exit with a profit.

DO YOU SEE THAT?

HOW MANY LOSERS DO YOU SEE?

Your mind is struggling to SEE because you have been fooled into thinking you need some fancy SQUIGGLY LINE INDICATOR created by someone with a PHD behind their name. And because you really do NOT understand that fancy SQUIGGLY LINE INDICATOR, then it must be GOOD because someone with a PHD created it. DO YOU SEE THE CIRCULAR LOGIC?

YOU HAVE BEEN BRAINWASHED INTO BELIEVING YOU NEED FANCY INDICATORS!!

HOW CAN I SHOW YOU PROFITABLE TRADES USING RANDOMLY PLACED LINES?

DO YOU THINK IT'S A TRICK?

OR MAYBE IT IS POSSIBLE THAT YOU ARE SEEING THE REAL TRUTH FOR THE FIRST TIME IN YOUR TRADING LIVES?

TO BE CONTINUED...

TheRumpledOne 09-10-2008 12:46 AM

http://i35.tinypic.com/50o5mt.gif

DO YOU SEE HOW MANY PIPS YOU COULD HAVE MADE ON THAT HORIZONTAL LINE CROSS?

metalorn 09-10-2008 12:50 AM

oh I see, 5M candle it is. And 5 or 6 pips per trade.

Quote:

Originally Posted by TheRumpledOne (Post 67158)
I Wouldn't Suggest You Use The M1 Candle Unless You Are Buying Off Of Support.


edacsac 09-10-2008 12:51 AM

So now we really don't even need horizontal lines to trade? Would I be asking too much if you where to post a chart (like the random number entry chart) and highlight your entries and exits? Just to add to the visual? I've wanted to ask you that since the beginning of this thread but I never did.

TheRumpledOne 09-10-2008 01:15 AM

Quote:

Originally Posted by edacsac (Post 67164)
So now we really don't even need horizontal lines to trade? Would I be asking too much if you where to post a chart (like the random number entry chart) and highlight your entries and exits? Just to add to the visual? I've wanted to ask you that since the beginning of this thread but I never did.

ENTRY IS AT THE HORIZONTAL LINE.

Is this NOT clear?

There is NOTHING to ADD TO THE VISUAL!!

Perhaps, someone can explain this even simpler because I can't.

metalorn 09-10-2008 01:29 AM

All we need is to get the direction of the price (by looking at the color of the candles in 2 or 3 time frames). If the price is going up, we buy, otherwise we sell, but we wait for the colors to match.

Now, here's my big doubt TRO, because for me, the way you say it looks like we should not care if we are placing our entry on a support or resistance level, OR, is it that knowing that the candles are all the same color, the price has enough momentum to go a few pips beyond the feared S/R level?


Quote:

Originally Posted by TheRumpledOne (Post 67168)
ENTRY IS AT THE HORIZONTAL LINE.

Is this NOT clear?

There is NOTHING to ADD TO THE VISUAL!!

Perhaps, someone can explain this even simpler because I can't.


edacsac 09-10-2008 01:43 AM

Quote:

Originally Posted by TheRumpledOne (Post 67168)
ENTRY IS AT THE HORIZONTAL LINE.

Is this NOT clear?

There is NOTHING to ADD TO THE VISUAL!!

Perhaps, someone can explain this even simpler because I can't.

You've just plotted random horizontal lines based on numbers chosen by folks in a chat room for entries. A huge portion of what you've been teaching is now null.

BTW, here is a common occurance to my trading:
http://i220.photobucket.com/albums/d...acsac/ohno.gif

quest 09-10-2008 05:23 AM

The feed from the same broker is different from
 
2 Attachment(s)
The feed your broker uses might be different from what you trade with and what the server uses to execute your order, becareful

attached is my brokers chart ... which is different from what I trade with.

TheRumpledOne 09-10-2008 05:46 AM

http://i34.tinypic.com/29yrwqc.gif

See any losers yet?

TheRumpledOne 09-10-2008 05:56 AM

Quote:

Originally Posted by metalorn (Post 67170)
All we need is to get the direction of the price (by looking at the color of the candles in 2 or 3 time frames). If the price is going up, we buy, otherwise we sell, but we wait for the colors to match.

Now, here's my big doubt TRO, because for me, the way you say it looks like we should not care if we are placing our entry on a support or resistance level, OR, is it that knowing that the candles are all the same color, the price has enough momentum to go a few pips beyond the feared S/R level?

People PLEASE KEEP IT SIMPLE and FOLLOW INSTRUCTIONS.

I didn't say: "2 or 3 time frames". I said use H1 and D1. Perhaps you think it's not important.

I didn't say: "If the price is going up, we buy, otherwise we sell, but we wait for the colors to match." I said to enter the trade AT THE HORIZONTAL LINE.

Do you SEE the difference?

What is YOUR DOUBT? You didn't say WHAT IT IS EXACTLY.

quest 09-10-2008 06:00 AM

Confusion
 
TheRumpledOne

There is lots of difference from explaining with images and a video demonstration of what your are saying, people find it difficult to know when to actually enter a trade based on your images because it could be up or down. A line alone on an image can't tell much, though a good guide.

I have seen trade on its way up triggering your line and never returned to the position of profit so many times, EURUSD just did that not to long ago, and all techs signified a buy before the sudden sharp drop in price

Maybe we arrange a webinar to see you trade your technics live.

Thanks for your desire to make us all rich... ciao

ewokuk 09-10-2008 06:36 AM

do you mean the eurusd 1h bar that started at 09:00gmt? it went up to 1.4157 then dropped to 1.4106 and closed at 1.4131. i went long at 1.4153 and managed to get out of it with a 1 pip profit just before it dropped.

TheRumpledOne 09-10-2008 06:36 AM

1 Attachment(s)
Indicator Fixes - Load Immediately

TheRumpledOne 09-10-2008 06:43 AM

Quote:

Originally Posted by edacsac (Post 67172)
You've just plotted random horizontal lines based on numbers chosen by folks in a chat room for entries. A huge portion of what you've been teaching is now null.

BTW, here is a common occurance to my trading:
http://i220.photobucket.com/albums/d...acsac/ohno.gif

Please explain what EXACTLY is null.

And please explain the reason you when short when you did.

What time frame is that chart?

What pair are you trading?

Please include all info when you post a chart.

Thank you.

TheRumpledOne 09-10-2008 06:46 AM

Quote:

Originally Posted by quest (Post 67199)
The feed your broker uses might be different from what you trade with and what the server uses to execute your order, becareful

attached is my brokers chart ... which is different from what I trade with.


AND YOU WONDER WHY I CALL THEM FIXED SPREAD BANDITS?!?!


If you are NOT trading with an ECN broker, then you are giving your money away.

THERE IS NO FIXED SPREAD IN FOREX!!

TheRumpledOne 09-10-2008 06:47 AM

Quote:

Originally Posted by quest (Post 67205)
TheRumpledOne

There is lots of difference from explaining with images and a video demonstration of what your are saying, people find it difficult to know when to actually enter a trade based on your images because it could be up or down. A line alone on an image can't tell much, though a good guide.

I have seen trade on its way up triggering your line and never returned to the position of profit so many times, EURUSD just did that not to long ago, and all techs signified a buy before the sudden sharp drop in price

Maybe we arrange a webinar to see you trade your technics live.

Thanks for your desire to make us all rich... ciao

Please post a chart showing us what you saw.

I have a FREE Chat | Chat Rooms | Paltalk chatroom called the two percent club. We can chat there. If you have trouble finding it, just pm me, therumpledone, and I will invite you in.

TheRumpledOne 09-10-2008 06:51 AM

http://i36.tinypic.com/33l09ja.gif

Meanwhile back to trading RANDOM HORIZONTAL LINES.

dragon33 09-10-2008 06:53 AM

http://i36.tinypic.com/chrw9.gif

So this is an example not to trade. Signal is triggered but daily and 1h are still red.
Please tell me if i am wrong.

TheRumpledOne 09-10-2008 07:02 AM

http://i37.tinypic.com/sesgp4.gif

And again...

TheRumpledOne 09-10-2008 07:05 AM

Quote:

Originally Posted by dragon33 (Post 67219)
http://i36.tinypic.com/chrw9.gif

So this is an example not to trade. Signal is triggered but daily and 1h are still red.
Please tell me if i am wrong.

IT THINK HE'S GOT IT!

We are trading using H1 and D1 to give us a DIRECTIONAL BIAS.

You have the dynamic support/resistance indicator loaded with the entry trigger lines.

According to the CANDLE COLOR MULTI METER, H1 AND D1 ARE RED SO YOU DO NOT GO LONG.

SO YOU REMEMBERED THE RULE OF THUMB!

YOUR GRADE:

A+

TheRumpledOne 09-10-2008 07:10 AM

http://i35.tinypic.com/lxpxd.gif

When to exit?

Did you take 5 pips or did you hold out for more?

POST YOUR ANSWER.

TO BE CONTINUED...

dragon33 09-10-2008 07:12 AM

I use the same strategy, we trigger long but no green candle for 1h.
So i didn't trade.

TheRumpledOne 09-10-2008 07:30 AM

1 Attachment(s)
http://i38.tinypic.com/2zjhv75.gif

I got a "suggestion" from a trader:

Quote:

I used a special startegy and it is cald trendspotting. Before you go to work you watch the charts and the ema 89 144 on the 30min and 4u when they are the same you chose the direction with target 50pip.
Since i learned about candle colors i trade only with daily color. I put a trade between 8 an 9 gmt just after opening London and if candle is red i make a short trade.
I am doing this since past wednesday and i never make a loss!
So I loaded 2 copies of my IND2 multi meter (ATTACHED) so we can see the EMAs on all time frames.

OK.. back to our RANDOM HORIZONTAL LINE TRADES,,,

Looks like being GREEDY paid off...LOL!

TheRumpledOne 09-10-2008 07:38 AM

NEVER LOSE AGAIN!


http://i35.tinypic.com/10f2ats.jpg


See.. it CAN BE DONE!!

TheRumpledOne 09-10-2008 07:42 AM

http://i38.tinypic.com/33nkzs5.gif

Did you go SHORT at the first line or the second?

If you waited for the second, why did you wait?

If you didn't go short at all was it because the H1 and D1 were different?

TO BE CONTINUED...

bearpaw 09-10-2008 07:42 AM

Monday and Tuesday trades
 
I try to go to the paltalk chat room daily to talk with TRO and the other traders, get ideas, and see what else is happening, so that is where most of this discussion happens for me at least.

But to give you an update.

Monday

21 trades, 1 loss, = 0 pips.

I entered on a counter trend, that kept on dropping. So it made me have a loss eventually, but my other trades made it a net zero day. So that was alright with me, still learning here.

TRO has updated the SR RR which will only signal with the bias.

Tuesday

21 trades = 133 pips

A great day, especially after the net zero day.

Things feel like they are beginning to click, but we shall see. I think in the long run, the latest version of SR RR might be best with the bias on. That would mean less trades but less risk as well.

Till next time...

BearPaw


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