2009.04.13 SOMETIME YOU DRAIN A LITTLE...

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TheRumpledOne
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2009.04.13 SOMETIME YOU DRAIN A LITTLE...

Postby TheRumpledOne » Tue Apr 14, 2009 5:59 am

2009.04.13 SOMETIME YOU DRAIN A LITTLE
AND SOMETIME YOU DRAIN A LOT!!


Image

THESE RULES HAVE BEEN POSTED BEFORE:

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.
Last edited by TheRumpledOne on Tue Apr 14, 2009 5:39 pm, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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manujoos
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Nice one

Postby manujoos » Tue Apr 14, 2009 6:31 am

Hi TRO

Thanks again for your great work. Is there also a Semafor Indicator which displays the H1 Semafors on 15Min Chart attached?

Thanks for the support!
mj

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Postby TheRumpledOne » Tue Apr 14, 2009 12:24 pm

" Is there also a Semafor Indicator which displays the H1 Semafors on 15Min Chart attached? "

No.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby PINKPANTHER5 » Tue Apr 14, 2009 4:40 pm

It actually really looks like a good system, since its a combination of trend and fib based support and resistance. But for all those "rules" to line up don't you get to little opportunities? How many trades on average do you get with this?


:D :-k

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Postby TheRumpledOne » Tue Apr 14, 2009 5:41 pm

THIS TRADING - IT'S QUALITY OF THE TRADE NOT QUANTITY OF TRADES.

I GET PLENTY OF TRADES EACH HOUR.

See the "ANATOMY OF DRAINING THE BANK" thread.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby frang0nve » Tue Apr 14, 2009 9:24 pm

Can I know in this case how did you drain?

Buying the breakout, selling the retracement or both?

Cheers

Francisco

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Postby TheRumpledOne » Tue Apr 14, 2009 11:27 pm

I usually trade the retracements.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby noone22 » Wed Apr 15, 2009 2:59 am

TRO,
Do you know the statistics of false signals:
- how many initially declared retracements become breakouts
- how many initially declared breakouts become retracements?

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