All You Need To Trade Is Price (And Two Horizontal Lines)

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

eddymustika
rank: <50 posts
rank: <50 posts
Posts: 4
Joined: Thu Aug 04, 2011 8:53 am
Reputation: 0
Gender: None specified

All You Need To Trade Is Price (And Two Horizontal Lines)

Postby eddymustika » Wed Aug 29, 2012 1:34 pm

Hi Fellow Traders, I hope you're all well and happy.

I'd like to share my trading strategy inspired by TRO's video: All You Need To Trade Is A Horizontal Line.

As the thread title says, all you need to trade is PRICE.

The two horizontal lines that I mentioned refer to the nearest psychological levels; price ending with 00, 25, 50 and 75.

Here are the steps:

1. Price is 10 pips away from the nearest psychological levels. The distance is required to place pending orders.

2. Place buy stop and sell stop at the nearest psychological levels (straddle), with 25 pips TP and SL. This will switch the trade from sell to buy and vice versa in case it stopped out.

3. Repeat when the trade(s) closed

After 10 trades, I have 60% win ratio (not bad for a simple strategy; I'm happy with anything more than 50% actually). I'll update the result every 10 closed trades.

That's all. Questions, comments and suggestions are all welcomed :)

The trading history can be viewed below. Only EURUSD trades closed after 2012-08-23 14:33:03. All other trades are using the old trading system.

Trading history

PS: If anybody can code the EA for this strategy, please share it here. I deeply thank you in advance.

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

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 Apr 08, 2014 11:14 pm

Image

[url="https://www.youtube.com/watch?v=zauzbx-NnAc"]TRADING IS SIMPLE WHEN YOU USE HORIZONTAL LINES VIDEO[/url]
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 » Tue May 06, 2014 1:55 pm

Image

HORIZONTAL Blue line is where price was when I first opened the chart.

HORIZONTAL MAGENTA lines define a quantum level for price ( +/- 7 pips )

GOLD line is plotted from where price WAS to where price IS.

It is easy to see Price is UP from when I first looked at the chart.

ALL YOU NEED TO TRADE IS A HORIZONTAL LINE!
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
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Tue May 06, 2014 4:16 pm

Buyzone yeah?

Ever looked at weekly open +- 25?

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 May 06, 2014 9:15 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.

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

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 » Thu May 08, 2014 5:50 pm

Image

WEEKLY OPEN CROSS

ALL YOU NEED TO TRADE IS A HORIZONTAL LINE!
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 » Wed Jun 04, 2014 4:20 pm

http://www.forexfactory.com/showthread.php?t=487923

Doesn't that look and sound familiar?
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: All You Need To Trade Is Price (And Two Horizontal Lines)

Postby TheRumpledOne » Fri Dec 02, 2016 3:32 pm

It can all start with one simple line.pdf
(990.94 KiB) Downloaded 13 times


MO, you might like this.
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”