2009.03.17 TRO - NEVER LOSE AGAIN!!

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MightyOne
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!

Postby MightyOne » Sun Jun 11, 2017 7:19 pm

Who remembers TRO's "Flip-flops", the original Rat trade?

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Mira
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!

Postby Mira » Sun Jun 11, 2017 11:07 pm

MightyOne wrote:Who remembers TRO's "Flip-flops", the original Rat trade?

EURUSDH1.pngEURUSDH2.png


Hi MO!

How does it work?
Thanks
__________ THE :smt096 IS A LIE__________

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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!

Postby MightyOne » Mon Jun 12, 2017 4:27 pm

Mira wrote:

Code: Select all

Hi MO!

How does it work?
Thanks


TheRumpledOne on Oct 15, 2009 wrote:

Code: Select all

THERE IS NOTHING TO FIGURE OUT!!

The rules are simple.

All you have to do is FOLLOW THE RULES.

DO NOT THINK... EXECUTE!!

RED CANDLE, FOLLOWED BY GREEN CANDLE AND BOTH CANDLES ARE CLOSED.

If price touches the high of the green candle, you enter long.

Your stop loss is 10 pips.

Take profit if/when you can.

THERE IS NOTHING TO FIGURE OUT!

You wait for a red candle to close.

Then you wait for the next candle to close.

If that candle is green then you'll enter long if price gets back to the green candle's high.

THAT'S IT. THAT IS ALL THAT THERE IS TO ENTER THE TRADE.

YOU DON'T NEED INDICATORS.

IF YOU THINK THEN THE RAT WILL BEAT YOU!!


My personal opinion wrote:

Code: Select all

 That said, if you notice that the opposite bars are long then you might wait for 3 or 4 candles to close in the same direction and then take a reversal trade on the first horizontal line or simply enter within 3 lines of the HOLO (Highest/Lowest open).

 The line spacing is a percentage of the hourly bars average movement and you can expect price to move at least 2 spaces from trigger (following TRO's 2+ pip strategy where, for us, lines are the measure of everything).
 
 The percentage of the hourly range is not the same number of pips for all charts:
 AUDUSD: 2 pips per line
 AUDNZD: 4 pips
 USDCAD: 5 pips
 CADJPY: 7 pips
 GBPUSD: 14 pips
 GBPJPY: 18 pips
 But each will have a range of about 2.618 lines in an hours time
 (that is why we risk 3 or 4 lines on H1, 3 lines on H4+, & sometimes 2 or 1 if the chart is really large).
 
 I can now compare the spread equally between all pairs as a percentage of a line eg
 The spread of AUDUSD is 1.4/2 (70%), EURUSD is 1.1/5 (22.5%), & GBPJPY is 2.5/18 (13.3%)
 GBPJPY is the better pair as the spread eats less of the average hourly movement.
 
 Every pair offers the same amount of money per line so strong vs weak is not a factor: if the pair moves slowly then you start with a larger position size and if it moves fast then your initial position size is smaller.
 
 




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Mira
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!

Postby Mira » Mon Jun 12, 2017 6:28 pm

MightyOne wrote:
Mira wrote:

Code: Select all

Hi MO!

How does it work?
Thanks


TheRumpledOne on Oct 15, 2009 wrote:

Code: Select all

THERE IS NOTHING TO FIGURE OUT!!

The rules are simple.

All you have to do is FOLLOW THE RULES.

DO NOT THINK... EXECUTE!!

RED CANDLE, FOLLOWED BY GREEN CANDLE AND BOTH CANDLES ARE CLOSED.

If price touches the high of the green candle, you enter long.

Your stop loss is 10 pips.

Take profit if/when you can.

THERE IS NOTHING TO FIGURE OUT!

You wait for a red candle to close.

Then you wait for the next candle to close.

If that candle is green then you'll enter long if price gets back to the green candle's high.

THAT'S IT. THAT IS ALL THAT THERE IS TO ENTER THE TRADE.

YOU DON'T NEED INDICATORS.

IF YOU THINK THEN THE RAT WILL BEAT YOU!!


My personal opinion wrote:

Code: Select all

 That said, if you notice that the opposite bars are long then you might wait for 3 or 4 candles to close in the same direction and then take a reversal trade on the first horizontal line or simply enter within 3 lines of the HOLO (Highest/Lowest open).

 The line spacing is a percentage of the hourly bars average movement and you can expect price to move at least 2 spaces from trigger (following TRO's 2+ pip strategy where, for us, lines are the measure of everything).
 
 The percentage of the hourly range is not the same number of pips for all charts:
 AUDUSD: 2 pips per line
 AUDNZD: 4 pips
 USDCAD: 5 pips
 CADJPY: 7 pips
 GBPUSD: 14 pips
 GBPJPY: 18 pips
 But each will have a range of about 2.618 lines in an hours time
 (that is why we risk 3 or 4 lines on H1, 3 lines on H4+, & sometimes 2 or 1 if the chart is really large).
 
 I can now compare the spread equally between all pairs as a percentage of a line eg
 The spread of AUDUSD is 1.4/2 (70%), EURUSD is 1.1/5 (22.5%), & GBPJPY is 2.5/18 (13.3%)
 GBPJPY is the better pair as the spread eats less of the average hourly movement.
 
 Every pair offers the same amount of money per line so strong vs weak is not a factor: if the pair moves slowly then you start with a larger position size and if it moves fast then your initial position size is smaller.
 
 




Horizontal Lines.png



Very clear! Thank you :)
Absurd how many simple and powerful ways to enter a trade exist! You guys are incredible :shock: =D>

btw i never understood this part of EIGHTS before..
Knowing how many lines price makes (avrg) in a specific time period is a REAL help for placing stops and taking profits! Thank you!
__________ THE :smt096 IS A LIE__________

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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!

Postby MightyOne » Tue Jun 13, 2017 5:38 pm

Rules are for fools: if you see something different then do something different.

Take this picture for example, do you not see the buying after the low breakout in all three triggers?

What does price do? It heads back toward a price level.

It doesn't matter what you are building, at some point you switch to a different tool because the one that you are currently holding is insufficient for the task at hand, but the need for a cutting tool doesn't make your hammer obsolete.

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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!

Postby TheRumpledOne » Tue Jun 13, 2017 9:20 pm

USDCADH1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Mira
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!

Postby Mira » Wed Jun 14, 2017 1:21 pm

MightyOne wrote:Rules are for fools: if you see something different then do something different.

Take this picture for example, do you not see the buying after the low breakout in all three triggers?

What does price do? It heads back toward a price level.

It doesn't matter what you are building, at some point you switch to a different tool because the one that you are currently holding is insufficient for the task at hand, but the need for a cutting tool doesn't make your hammer obsolete.

rules_and_fools.png


Yes, I SEE :shock:
Thank you MO!!

So TRO was trading the zline concept from the beginning, where the problems came from?
I mean.. A line is a line..
__________ THE :smt096 IS A LIE__________

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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!

Postby TheRumpledOne » Wed Jun 14, 2017 2:36 pm

Mira wrote:
MightyOne wrote:Rules are for fools: if you see something different then do something different.

Take this picture for example, do you not see the buying after the low breakout in all three triggers?

What does price do? It heads back toward a price level.

It doesn't matter what you are building, at some point you switch to a different tool because the one that you are currently holding is insufficient for the task at hand, but the need for a cutting tool doesn't make your hammer obsolete.

rules_and_fools.png


Yes, I SEE :shock:
Thank you MO!!

So TRO was trading the zline concept from the beginning, where the problems came from?
I mean.. A line is a line..


I never have, and still don't, understand zlines.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!

Postby TheRumpledOne » Wed Jun 14, 2017 2:46 pm

USDCADH1.png
USDCADH1.png (52.88 KiB) Viewed 3885 times
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.

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Mira
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Re: 2009.03.17 TRO - NEVER LOSE AGAIN!!

Postby Mira » Wed Jun 14, 2017 5:26 pm

TheRumpledOne wrote:
I never have, and still don't, understand zlines.


I don't know why.. it is so simple.
I can just share what I see because
1) I can't teach you nothing since YOU are the pro.
2) Everyone sees it differently.

So this is my personal view, you can build your own.

Momenutm: a candle that closed over the previous extreme (aka price is moving).

IMG_0508.PNG
IMG_0508.PNG (55.45 KiB) Viewed 3878 times


Now, I create a zone placing a line at the extreme (don't cut wicks) and a line at the previous top/bottom (cut wicks).

IMG_0509.PNG
IMG_0509.PNG (60 KiB) Viewed 3878 times


Now we are working with one timeframe only, so you could take the trade when price reaches the zone or waiting to see an approach (price wicking).

You need to keep your stop away from the zone, since you are wrong ONLY when price CLOSES against the zone with momentum.
Then you just take the reversal :D

Why does it work? Because price is haunting stops. Simple!
__________ THE :smt096 IS A LIE__________

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