2009.02.03 THERE IS NO TRICK TO THIS!

[TheRumpledOne]

2009.02.03 THERE IS NO TRICK TO THIS!



For some reason, traders keep asking me about this indicator, that indicator, this system, that system, etc...

The MINDHERO seems to the be the new hot indicator. Traders wanted to know how it works... IT DOESN'T MATTER!!

First, THINK ABOUT THIS, if any indicator or system "worked", then it is just a matter of time before it corners the market.

Trading is a GUESSING GAME. You might as well shuffle the deck and guess if the next card is red or black.

There is skill involved in trading but you never really know if the next tick is going to go your way or not.

So, I just stick to the H1 candle color and HORIZONTAL LINES. They seem to work OK.

[JESGPY]

Hey TRO.

I have been trading the way you show on the chart above and it turns out profitable most of the times.
The Only questions i have are...
1. How many pips should I target for(take profit)?
2. How can I calculate the stoploss for the position(stoploss)?

I would apreciate your answere, because that will help me a lot with my trading.

THANKS

JUAN

[TheRumpledOne]

1) Take what you can get

2) Use your money management strategy

[JESGPY]

hahahah..

thanks anyway!