2009.07.02 BACK TO BASICS - K.I.S.S.

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TheRumpledOne
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2009.07.02 BACK TO BASICS - K.I.S.S.

Postby TheRumpledOne » Fri Jul 03, 2009 12:54 am

2009.07.02 BACK TO BASICS - K.I.S.S.

Image

I been looking at what's been going on in some of the threads. WAY TOO COMPLICATED!! I admit that because I am a prolific indicator coder that you may be tempted to load up your charts with indicators... RESIST TEMPTATION!!

Time to get back to basics and KEEP IT SIMPLE!

Pick ONE direction and only trade that way when price hits a line. Stick with that direction for the entire session. When you meet your goal, quit. Do not be like Vegas gamblers who give back their winnings.
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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Postby prochargedmopar » Fri Jul 03, 2009 2:00 am

Like me?

For vegas style trading see my log.

LOL
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby monolisa » Fri Jul 03, 2009 4:29 am

Agreed, TRO. I have no doubt that the trading ideas within this forum are wonderful, but the vast amount of information sort of distract us from the basic and the simplicity of trading. I think everyone should pass TRO 101 (horizontal line) before moving on to the next level :)

KISS is the way!
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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Postby monolisa » Fri Jul 03, 2009 11:54 am

If you want to know what indicators are used on the chart, they are:

1. TRO2009_Multi_Meter_CandleColor
2. SweetSpotsGold
3. Magnified Market Price

Not sure what the indicator on the left upper corner called. Anyone can help??

Lis
Last edited by monolisa on Fri Jul 03, 2009 12:03 pm, edited 1 time in total.

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aVi
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Postby aVi » Fri Jul 03, 2009 11:58 am

monolisa wrote:If you want to know what indicators are used on the chart, they are:

1. TRO2009_Multi_Meter_CandleColor
2. SweatSpotsGold
3. Magnified Market Price

Not sure what the indicator on the left upper corner called. Anyone can help??

Lis


$_TRO_Time
Wake up Mr. Green...

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Postby Patch » Fri Jul 03, 2009 12:24 pm

MonaLisa

I love your newly posted picture, it is even better than the original of you, and this was a great movie, both of them. And you also have a great handle to begin with.

I just got my thank you package from TRO and will go through it and reading the several PDFs I've downloaded to catch up and learn more about Draining the Banks. I definitely have a tude about banks and all the mess they contributed to here in the USA and around the world, and then came the government bailouts. I believe trading is the safest haven in today's environment. Although I am beginning to wonder what industry will be nationalized next and what freedoms will remain in another 6 months. Even cutting back on hedging, what next?

Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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monolisa
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Postby monolisa » Fri Jul 03, 2009 12:32 pm

Thanks, Patch. Nice to meet you :)

I agree with you. Things are indeed changing. But everything sort of shift between extremes (just like trading). So seize the moment, good things will come :)

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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Postby pablo101 » Fri Jul 03, 2009 2:42 pm

monolisa wrote:Agreed, TRO. I have no doubt that the trading ideas within this forum are wonderful, but the vast amount of information sort of distract us from the basic and the simplicity of trading. I think everyone should pass TRO 101 (horizontal line) before moving on to the next level :)

KISS is the way!


Hey guys, I agree, so many indicators and lots of system/methods flying around this site. Time to get back to basics

Can someone post a chart of this rule as I'm a little confused. Do you mind putting some arrows so I can see what I'm looking at. Here's the rule:

"Only enter break trades on bar 2 of a run when price is at the highest high and highest low of the previous 3 bars"

Thank you

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Postby Nessa Novembian » Fri Jul 03, 2009 4:07 pm

Hi Tro,

Your rules when use sweet spot gold that we entry when the price hit the line with H1 direction. and how about the this candle on the red circle, it has hit 1.6325 but then it bounch. so where our Sl. do we close if the H1 candle color change?


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TheRumpledOne
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Postby TheRumpledOne » Fri Jul 03, 2009 5:18 pm

That candle is LATE TO THE PARTY!!

The first line south was at 1.6400.

Price already moved about 100 pips.

The LONG was at 1.6350.

You should have made enough pips.

And even if you lost, you won on the next green candle.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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