2009.03.17 TRO - NEVER LOSE AGAIN!!

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

HORSEMOUTH201
rank: <50 posts
rank: <50 posts
Posts: 6
Joined: Mon Aug 02, 2010 7:47 pm
Reputation: 0
Gender: None specified

Postby HORSEMOUTH201 » Tue Aug 03, 2010 7:05 am

Thanks very much for the reply jsme and Tro. Really really appreciate it

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

jsme
rank: 50+ posts
rank: 50+ posts
Posts: 56
Joined: Wed Jul 08, 2009 3:53 pm
Reputation: 0
Gender: None specified

Postby jsme » Tue Aug 03, 2010 2:26 pm

HORSEMOUTH201 wrote:Thanks very much for the reply jsme and Tro. Really really appreciate it

You are most welcomed. I know when I first read about these types of trade set ups. I knew they would work, but it was difficult for me to understand it...I had to get rid of my Yale mentality and look at things from a fresh view. If I can assist you I will attempt to.
TRO's trading styles work well for me.

niedzwiedz
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Sun Jun 27, 2010 7:06 am
Reputation: 0
Gender: None specified

Postby niedzwiedz » Thu Aug 05, 2010 6:23 am

Hi
I 've got a quick qestion
what I have made wrong?? see my last trade at the picture:
I've entered short at the each blue stroke, the 3 semafor was going up all the time during when i was entering, it was making new res all the move up.
I was entering with the 15 min indicator. And I placed stop as in the picture after my last enter. The stop los was hit.
What I have made wrong? Should I close the trade earlier ?
Or maby I started entering short position to early ?
Attachments
never 1.JPG
never 1.JPG (57.38 KiB) Viewed 2294 times

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1032
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 0
Gender: None specified
Contact:

Postby bredin » Thu Aug 05, 2010 6:39 am

trading against H1 color for most of those trades.

You became the bunny, and not the truck.

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

jsme
rank: 50+ posts
rank: 50+ posts
Posts: 56
Joined: Wed Jul 08, 2009 3:53 pm
Reputation: 0
Gender: None specified

Postby jsme » Thu Aug 05, 2010 1:52 pm

I echo what bredin said.
For myself I look for the H1 candle to close. Then I take my direction off of that.
If it is green, I look to go long. If it is red I look to go short. I do not use any semafor's. Not saying they do not work, rather I have never been able to get the hang of them.
Looking at your screen shot. What if you just went long at the break above a green wick and short at a break below a red wick? Use a reasonable stop. Exit when the prices appear to be stalling out. Have a pre-define target amount for the day. Once it is hit stop trading.
On occasion you will be able to get into a fast moving trade that moves in your favor. Ride it while you can, exit when it begins to stall. You will see that you are able to blow right by your targeted profits for the day when that happens.

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: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Aug 05, 2010 3:53 pm

niedzwiedz:

"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden

Price was reversing off of the daily low.
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.

niedzwiedz
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Sun Jun 27, 2010 7:06 am
Reputation: 0
Gender: None specified

Postby niedzwiedz » Thu Aug 12, 2010 8:57 am

Ok i dont understand every word You say but im trying
soo the idea is to know where the move will stop and begin to reverse??
how to know when the semafor will not go any higher and it will be a good entry?
if i will wait for the h1 candle close, and i go to 15 m chart to look at the trigers i moght be to late, the move will continue and i wont be able to entaer at the trigger.

the problem is to recognize the reverse point with the semafor 1,2,3 ??

wszymilo
rank: <50 posts
rank: <50 posts
Posts: 1
Joined: Wed Aug 11, 2010 9:15 pm
Reputation: 0
Gender: None specified

Postby wszymilo » Thu Aug 12, 2010 10:11 am

Ok - assuming niedzwiedz's case: shall I go long upon resistance breakouts then ?

EDIT: Additional question: which 1H bar's color should I take into consideration: current one or rather the one that just has closed ?

niedzwiedz
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Sun Jun 27, 2010 7:06 am
Reputation: 0
Gender: None specified

Postby niedzwiedz » Thu Aug 12, 2010 11:54 am

Ok i dont get it
i decided to play with stop loss
i 've set the stop loss to 10 pips an i have failed 5 times.
Always entered when the indicator told me to do and always with the semafor on h1 candle. Stop loss was hit everytime, and the price was making a new sup/ress.
soo i can't put soo tight stop loss, also with stop loss i cant re enter in the trade after the price mad a new sup/res ( the 5 rule : if price went against you and makes a new ......)
last week i was playing without stop loss and i was making extreamly well till i was whiped out when price went hudge against me ( my previous post)
i still dont get it how to trade it the right way
how to know if after the price crosses the triger it will go up 5 pips in my way so i can clos it with profit, or it will drop down, make a new support?
i know the trigers ( repaint is the wrong word ) move along with price till stops, how to deal with that

sorry for my writing
im feeling im soo close but i can figure it by my own

i attach my working space, amby my problem is with chart setup



rule 5 again: if the price went against you... get redy to enter at the trigger...
how many time should i enter ? and what to do it i entered up to 3 times and price i still going against me?
Attachments
never2.JPG
never2.JPG (167.48 KiB) Viewed 1984 times
Last edited by niedzwiedz on Thu Aug 12, 2010 11:57 am, edited 1 time in total.

turboeskimo
rank: <50 posts
rank: <50 posts
Posts: 19
Joined: Thu Jul 22, 2010 9:14 am
Reputation: 0
Gender: None specified

Postby turboeskimo » Thu Aug 12, 2010 11:56 am

Hello, I've got same issue: all this week EURUSD falls and semaphor goes lower and lower too. So how to trade right in this situation?

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


Return to “TheRumpledOne”