OPPORTUNITY... ClLo < 20
2009.09.10 DRAIN THE BANKS - LIKE A RAT
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TheRumpledOne
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TheRumpledOne
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TheRumpledOne
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RESULT.
1) price within 20 pips of the daily low - that is OPPORTUNITY
2) red candle closes
3) green candle closes - note the high price of the green candle.
4) enter long at the green candle's high price
5) STOP LOSS IS 10 PIPS
6) Take whatever profit you can.
"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."
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 do NOT PM me with trading or coding questions, post them in a thread.
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TheRumpledOne
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TheRumpledOne
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TheRumpledOne
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TheRumpledOne
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Jalarupa
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73 PIPS in 2Hrs
Hey guys,
Well I must say I have been submerging myself into the wisdom and insight that is (NEVER LOOSE AGAIN 'BabyPips") and DTB(only starting out).
I haven't been SEEING anything much until I got to the last 7 or 8 Pages of NLA thread on BP and suddenly something *clicked* and well I started to see what TRO was saying when he so wonderfully traded H1 candles using only horizontal lines... I mean its BRILLIANT! So I came home today from my slave hole work place and decided to place this logic into action using what I had learned in the NLA thread...
73 Pips later I feel like I'm beginning to get this philosophy and can see why TRO is such a force to be reckoned with.
I have attached a chart of my 2 trades off the GY and well first exit was 136.007 and the second exit was at 135.710.
My entry rules were to enter once support was broken and I added to my short position's three times respectively. I had complete faith that it was all gonna go my way cause the H1 D1 were in my favor. So I patiently sat waiting for price to move back to support and break it My exit was 6 pips from my first entry point and this to my total amazement happened in the space of 2 hours...
All I can say is I'm not stopping here, I want to SEE MORE!!!
TROminator, a big thanks again for being such a freaking machine!!!
I will keep on keeping on until I am confident enough to liquidate my equity holdings and go at it for real.
DRAIN THE BANKS!!!!
Last edited by Jalarupa on Sat Mar 20, 2010 8:14 pm, edited 1 time in total.
Re: 732 PIPS in 2Hrs
Jalarupa wrote:
Hey guys,
Well I must say I have been submerging myself into the wisdom and insight that is (NEVER LOOSE AGAIN 'BabyPips") and DTB(only starting out).
I haven't been SEEING anything much until I got to the last 7 or 8 Pages of NLA thread on BP and suddenly something *clicked* and well I started to see what TRO was saying when he so wonderfully traded H1 candles using only horizontal lines... I mean its BRILLIANT! So I came home today from my slave hole work place and decided to place this logic into action using what I had learned in the NLA thread...
732 Pips later I feel like I'm beginning to get this philosophy and can see why TRO is such a force to be reckoned with.
I have attached a chart of my 2 trades off the GY and well first exit was 136.007 and the second exit was at 135.710.
My entry rules were to enter once support was broken and I added to my short position's three times respectively. I had complete faith that it was all gonna go my way cause the H1 D1 were in my favor. So I patiently sat waiting for price to move back to support and break it My exit was 6 pips from my first entry point and this to my total amazement happened in the space of 2 hours...
All I can say is I'm not stopping here, I want to SEE MORE!!!
TROminator, a big thanks again for being such a freaking machine!!!
I will keep on keeping on until I am confident enough to liquidate my equity holdings and go at it for real.
DRAIN THE BANKS!!!!
"All I can say is I'm not stopping here, I want to SEE MORE!!!
" -Jalarupa
Removing all of those lines from your chart would be a good start.
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