2009.06.24 WHY 95% OF TRADERS LOSE PART III

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Postby PTG » Wed Jul 01, 2009 11:42 pm

TheRumpledOne wrote:Some secrets are reserved.


It's like good wine with good, juicy, red meat :shock:

Good, exclusive wine is only sold by one guy, Mr. RumpledSteak :shock: -sorry- TheRumpledOne 8)

Tasts good, I must tell you :wink:

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

fectech
rank: <50 posts
rank: <50 posts
Posts: 6
Joined: Mon Dec 22, 2008 11:41 am
Reputation: 0
Gender: None specified

The secret reserve

Postby fectech » Thu Jul 02, 2009 3:38 pm

Reserved for who?

Can you reserve one for me please.

You say never use a market order, but to catch the quick moving hour candle this is the only way I can see possible. I tried anticipating the Buy Zone and placing buy stops with no real success and like you have previously said some hour candles move very quickly from the begining and never return to where my limit order is.

jhtumblin
rank: 50+ posts
rank: 50+ posts
Posts: 113
Joined: Tue Jun 13, 2006 3:42 am
Reputation: 0
Location: Atlanta, GA
Gender: None specified

Postby jhtumblin » Fri Jul 03, 2009 2:04 am

Market orders have their place. It depends on what type of trading you are doing. If you are scalping then it would probably be a good idea to stick with limits. For swing trades or momentum trades it depends how important to your method it is that you get in at a certain price. The bottom line is there will always be another opportunity if you miss your chance.

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 Jul 03, 2009 2:13 am

Yes, market orders do have their place... when you are in a PANIC to buy or sell.

A market order gives the broker a chance to cheat you out of pips.
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:

Re: The secret reserve

Postby TheRumpledOne » Fri Jul 03, 2009 2:15 am

fectech wrote:Reserved for who?

Can you reserve one for me please.

You say never use a market order, but to catch the quick moving hour candle this is the only way I can see possible. I tried anticipating the Buy Zone and placing buy stops with no real success and like you have previously said some hour candles move very quickly from the begining and never return to where my limit order is.


It's one of the things I teach people who have me as their IB at MB Trading.
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.

johnsund
rank: 50+ posts
rank: 50+ posts
Posts: 76
Joined: Thu Dec 18, 2008 11:25 pm
Reputation: 0
Location: Colorado
Gender: Male

Postby johnsund » Mon Jul 06, 2009 10:30 pm

Hi Avery -

Is there an existing indicator that would plot the open of the H1 candle +or- X pips and leave those lines there for a period of time to show what the BuyZone is. Number of pips to reach blue and red buyzone should be settable by the user as well as duration of the plot remaining visible. That would help immensely!!!

You have made it very clear how to trade this profitably, and for me you have built many of the concepts you have tried to beat into my hard head. The entire discussion about risk management in the initial post is absolutely top notch - and for me - very understadable for the first time. As always - thank you!!!!!

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 » Tue Jul 07, 2009 1:03 am

The TRO BZ SKYLINE does that.
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 » Sat Jul 18, 2009 3:58 pm

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.

Chrisl
rank: <50 posts
rank: <50 posts
Posts: 15
Joined: Mon Jan 26, 2009 1:27 pm
Reputation: 0
Location: Kimberley
Gender: Male

Postby Chrisl » Mon Jul 27, 2009 3:30 pm

Hi Tro
Do I need to open a live account in order for me to get ur 'secrets'
Surely we would all get better results if we had ur 'secret' entries....
I appologise if this has been explained somwhere else on this forum,but can you bypass spread all together with spesific orders...
I have read somewhere on this forum that you said you dont care if the spread is 100 if somebody takes your bid ur in the profit ????
'You only see what you have learned to see,everything else is invisible'
...Mark Douglas

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 » Tue Jul 28, 2009 2:34 am

Yes, a live B Trading account with me as the IB and I will send you information and indicators that are not posted.
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”