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DO YOU SEE THE REASON WHY YOU MUST NOT TRADE AGAINST THE H1 CANDLE?
http://i36.tinypic.com/ezhco8.gif Going SHORT with H1 at the RANDOMLY CHOSEN HORIZONTAL LINES paid off again!! Do you wonder why you have SQUIGGLY LINES on your chart in the first place? |
ANY QUESTIONS?
http://i33.tinypic.com/2crodnt.gif Can trading PROFITABLY really be THIS SIMPLE? 40 PIPS LONG and 50 PIPS SHORT trading with the H1 candle color. You mean I don't have to pay hundreds or thousands of dollars for indicators, systems and education to make money trading FOREX? HOW CAN THAT BE? DO NOT BE FOOLED! |
I would took the 5 pips. There will be another chance soon.
According to using sup res there are a lot of chances/day so why not waiting and be happy with 5 |
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im struggling with the SR RR, tried a few on eurusd but didnt win much. i set a 10 pip stoploss and seem to get stopped a lot. |
Hey TRO as i told you before in your mail it works really well.
I was never so much succesful as last week. I made 49 trades since last wednesday and i am over 1000 pips. Losses are 177 pips just because i act sometimes to fast against the 1h candlecolor. Next week i will try the random horizontal lines. This is just crazy, why didn't i see this before. My life will change now i have the money and the knowledge how to trade. Finally i can pay for my daughters treatment without selling my house. |
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Are you wondering how/why this seems to work EVERY TIME? Does the answer to that question really matter? If is WORKS, isn't that enough? If you drive a car, do you know why/how gasoline is converted into rotational energy so you can drive? Does the answer to that question really matter or do you just want to drive? Do you want to just make money trading FOREX? |
LOOK AT THE TIME IN THE UPPER LEFT HAND CORNER OF THE LAST CHART.
NOW, LOOK AT THE TIME IN THE UPPER LEFT HAND CORNER OF THIS CHART. http://i36.tinypic.com/154kj1e.gif DO YOU SEE HOW LONG IT TAKES TO MAKE MONEY? |
My
target is 20 pips but if i can only make 5 it is ok. I have based my
trades only on the colors and it works. Watch the charts from TRO. It
looks difficult but IT IS NOT. I am just a guy like you who has learned
to use EMA's etc. If you use those indicators you can gain profits but
you wil lose also because if a signal is triggered sometimes the
priceaction is past and after entering the trend go against you
I don't use SL never did only for my daily strategy and that is 50pip. I trade my own system mixed with TRO his lessons and it works really wel. Actually i am going to drop my system because it can't tip to what i have learned from TRO. If the trend is going against me i stop the trade even if i can make a win after some candles. |
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I love your work TRO, Before I can answer your previous question about spotting any losers on the chart, I need a little more info: What do you define as a loser? ie... What stop level are you using for these particular trades? How many pips will you let the price drop from peak profit before you exit the trade? cheers ...and thanks heaps for all the free indicators and education. As we say here in Australia - Good onya mate, you're a bloody legend!:D |
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What EXACTLY are you doing to be successful. Please post a chart so others may benefit. WHATEVER YOU DO, DO NOT CHANGE WHAT YOU ARE DOING IF YOU ARE PROFITABLE!! YOU ONLY NEED ONE PROFITABLE METHOD/STRATEGY. |
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So if I enter at the line and the price does NOT go up at least 5 pips, THAT'S A LOSER. Most of the time, I am in/out of the trade so fast, I never see the peak...LOL! You have to learn to be QUICK. You have to understand MARGIN and COMPOUNDING. You only need to grow your account by 2% or more each day COMPOUNDED and you are RICH!! |
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http://i38.tinypic.com/28mer0l.jpg
Signal was triggered and i just waited for the 1h candle turning red. I opened a trade at 1.4119 and closed at 1.4085=34pip |
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Can It?? |
HERE IS ANOTHER ONE
http://i38.tinypic.com/2poyzp2.gif |
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Nice trading, Dragon. GOOD JOB!! You could turn on the FIB LEVELS in the TRO DYNAMIC FIBS SR indicator so they'll plot. Might make it easier for you to pick your exits. |
Hey Dragon, come on in!!
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. |
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DON'T TRADE THIS ONE IT IS AGAINST THE 1H; WAIT UNTIL YOU PAS THE RED LINE |
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learn to take your loss
If i see i don't get there i stop my self. mostly i do that around 15 à 20 pip |
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I think that this post #615 by The Rumpled One is the best post on the entire thread!! :D It is the essence of the strategy. There has been a lot said about "how to"........ here, but very little about how this method actually works............ ************************************************** ******* This is a multiple time frame trading method. Like all multiple time frame strategies, it relies on probability, nothing is definite. But that is true for all strategies. This is a well known method in equities trading. Because all strategies rely on probability, there is, therefore, a risk of loss. In any timeframe, there is nothing to stop the price action turning against you. However, with scalping, you can quit the trade if you are in profit before the price action goes against you. Herein lies a potential strength of this method. This strategy relies on the higher time frame giving direction to the lower one. The timeframes, however, are randomly chosen and hence do not necessarily give that direction. Note how in the many charts posted, the daily timeframe colour does not agree with the weekly or monthly. Also a 4 hour timeframe would be a better indicator of the 1 hour trend than the daily. If I were to use this approach, I would also add a 4 hour timeframe to increase my confidence and hopefully (but not necessarily) the probability of success. The danger with this strategy is that of an indicator (in this case a candle) repainting and thus rendering the method useless. It is for this reason that, although I find it interesting because of its simplicity, I personally do not use it. The same for the Heikin Ashi Smoothed strategy. It is also a multiple time frame approach and suffers from the same repainting problem. I post this here not to rip the Rumpled One, but rather to make new traders aware that this method, which appears simple, is not a Holy Grail, but is a strategy belonging to the multiple-timeframe family. It has, therefore, all the advantages and defects that go with that approach. There is nothing new under the sun. |
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I have to ask though: Why did you post all the previous info? Why did you explain support/resistance, higher highs and lower lows. Why did you make us observe candle behavior, explain fib lines and attach countless images, when all we need is candle color?? By Null I meant nothing, invalid, empty. I picked that word because your a programmer. Trading off of lines plotted by random numbers, nullifies everything you've talked about before that post, because everything before that had much to do with lines and SR. |
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H1 is the time frame that controls the BIAS DIRECTION. H1 was NOT randomly chosen. H1 was chosen to exploit the average hourly range of the currency being traded. When H1 matches D1, that means you can look for bigger profit. When H1 doesn't match D1, that means you are in a 5 pip scalp mode IF you want to enter the trade. Please do NOT confuse people here, Tymen. You do NOT know this method, nor do you trade it. We don't need H4. In fact, all you NEED is H1. I showed that in the HORIZONTAL LINE thread. I just proved this method works. Look at the charts. They are all TIMESTAMPED. The HOW IT WORKS is in the charts. Perhaps, Tymen, this method is too simple for you to understand and that's usually the case. The more a trader "knows" about trading, indicators, etc... the more they struggle with the simplicity. Did you NOT read the post by other traders that have had success with this method? That PROVES the method works. Of course, there is a risk of loss... THIS IS TRADING!! Tymen, NEWBIES do NOT need to be warned about me or my methods. They need to be warned about all the rest. |
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Because support/resistance, higher highs, lower lows, candle behavior, etc... ARE IMPORTANT. If you LOOK AGAIN, you'll see that all the things you think are nullified are actually what produced the wins. BUT YOU HAVE TO BE ABLE TO SEE IT!! |
well
i was having a bad day (as usual). until just now. using the 1h chart
and taking trades at 00,25,50,75 (long/short depending on candle
colour) i had 1 win and 3 losses.
went short on eurjpy only to see it get to about -12 but had 20 pip stop instead of my usual 10 so stayed alive. after about 20 mins it shot my way and i grabbed 50 pips, got out just as it started reversing (although it has now continued another 25 pips or so, 50 pip profilt will do nicely). it was also against the D1 candle colour but it was pretty close to the day open price anyway. im now in profit for the day. les see how long it will last, usually not long. |
as
expected didnt last long. went long on eurjpy after it hit 151.25,
ended up hitting my stop at -20 pips. back negative for the day.
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I gather that this is an extreme example of simplicity. I'm sure you still you use your buy indicator and I'm sure you still keep you eyes open for retracements on fib lines and pivot points to make the best trades you can, right? |
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you don't want to increase your lot size?
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Just
woke up and tried the horizontal lines. On EURUSD took 5 pips from
1.4033 level and, why not??!!! entered at 1.4025 and got another 3 pips.
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I posted the charts that I am using. The charts tell the story. I enter at the HORIZONTAL LINE. It's that simple. I use the H1 and D1 candle color. H1 color determines direction of trade. Don't you see the charts of OTHER TRADERS making money doing this? |
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Nice trading. |
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