2009.03.08 THE DRAINING CONTINUES...

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Apr 10, 2009 1:28 am

The green dots are the take profit dots and the red dot is the stop loss.

Pro - just trade HORIZONTAL LINES with the H1 candle color. You are still system/indicator hopping from day to day.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Apr 10, 2009 1:51 am

Humble wrote:Did you not subsequently add, do not trade against the colour of the H1 candle?

Would not the "tro dynamic fibs sr trail" triggers on a currently forming semafor bar, always be against the direction of the H1 colour?


Image

"DO NOT TRADE AGAINST THE H1 CANDLE COLOR" was BEFORE DRAIN THE BANKS not something that was added to it. For some reason, some traders were forgetting about my #1 RULE OF THUMB.

The bottom line is some traders are DRAINING THE BANKS using this method because they are not trying to find fault with the method.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Apr 10, 2009 2:02 am

Image

Using M5, DRAINED 8 pips from THE BANKS.

Notice M5 and H1 are GREEN.

If you WAIT, the higher probability trades will appear.

Remember, trading IS waiting... waiting to enter and waiting to exit. So you might as well wait for the better trade opportunities.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

Steveo
rank: <50 posts
rank: <50 posts
Posts: 25
Joined: Sat Sep 20, 2008 12:00 pm
Reputation: 0
Gender: None specified

Entry Exit On Trade

Postby Steveo » Fri Apr 10, 2009 2:16 am

What was your entry exit on this trade?

Thanks!!

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Apr 10, 2009 2:32 am

I entered at the long trigger...LOL!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Steveo
rank: <50 posts
rank: <50 posts
Posts: 25
Joined: Sat Sep 20, 2008 12:00 pm
Reputation: 0
Gender: None specified

Ok

Postby Steveo » Fri Apr 10, 2009 2:37 am

Was your trade right after 3:40 @ 131.63 trigger? LOL

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Apr 10, 2009 2:49 am

Image

Entry at 21:52 according to MBT Orderbook.

If you trade WITH the H1 candle color, you can DRAIN THE BANK!

If price is NOT making new lows, then it must be GOING UP.

Price failed to make a new low, candle turned white...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

Steveo
rank: <50 posts
rank: <50 posts
Posts: 25
Joined: Sat Sep 20, 2008 12:00 pm
Reputation: 0
Gender: None specified

Thanks

Postby Steveo » Fri Apr 10, 2009 3:01 am

Just got the ah ha moment.

Just read the rules from another post:

THE RULES THAT WERE POSTED:

Here's a simple method that if you apply it properly ( and don't load up the charts with SQUIGGLY'S ), will enable you to NEVER LOSE AGAIN!

1) Only trade if there is a 1, 2 or 3 semafor on the current or previous H1 candle. NO EXCEPTIONS.

2) After you see the semafor on the H1 chart, look at the M15 chart for the long(light blue) and short(pink) triggers based on TRO DYNAMIC FIBS SR TRAIL indicator.

3) When price touches the trigger you enter. DON'T THINK, JUST ACT!

4) Only ONE TRADE PER M15 CANDLE. If price goes against you, just wait.

5) If price went against you and makes a new dynamic sup/res level, get ready to enter at the trigger. If you can't see how this work, then DO NOT TRADE IT. I have entered up to 3 times.

6) What's the STOP LOSS? The stop loss is your maximum allowed loss per trade based on your money management.

7) What's the TAKE PROFIT? You take what you can. I usually take 5+ pips and leave more on the table.

Try this method using a micro lot or 0.1 mini lot. Trade it this way until you feel comfortable and are profitable on a consistent basis. Just trade it, AS IS, and don't add anything to it to improve it. You'll be amazed at how profitable a simple method can be.

Steveo
rank: <50 posts
rank: <50 posts
Posts: 25
Joined: Sat Sep 20, 2008 12:00 pm
Reputation: 0
Gender: None specified

Semafor

Postby Steveo » Fri Apr 10, 2009 3:06 am

The semafor(s) that appear on the 1 hour chart(s), is there a "dashboard" that will give alerts when either a "1", "2", or "3" semafor appear on any charts opened or unopened?

Thanks!!

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Apr 10, 2009 3:06 am

Image

IN/OUT quick for 5 pips.

See the green on the multimeter. Price failed to make a lower low so...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”