Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11440
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 Dec 04, 2008 8:51 pm

Image

Get ready for more BUZZARD REVERSALS.
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
flipin_around
rank: <50 posts
rank: <50 posts
Posts: 18
Joined: Wed Oct 15, 2008 11:10 pm
Reputation: 0
Location: Colorado Springs, CO
Gender: Male

Postby flipin_around » Thu Dec 04, 2008 9:03 pm

Same Pair Breaking down now. out with 20 pips this trade. still had not signaled exit ot time of trade. ( i did stop out on one trade earlier -12 pips)

TRO,
this is all your indicators and methods. not using any indicators besides what you see here. Thanks again for sharing your methods. I think im still trying to overcomplicate things, trying to go back and reprogram my brain to see only what the market is doing now.
Attachments
dailybreakout6.gif
dailybreakout6.gif (35.38 KiB) Viewed 1556 times
dailybreakout5.gif
dailybreakout5.gif (35.17 KiB) Viewed 1559 times
Last edited by flipin_around on Thu Dec 04, 2008 9:06 pm, edited 1 time in total.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11440
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 Dec 04, 2008 9:06 pm

Image

And another BUZZARD REVERSAL!
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.

winny
rank: 50+ posts
rank: 50+ posts
Posts: 109
Joined: Mon Jun 02, 2008 10:34 pm
Reputation: 0
Gender: None specified

Postby winny » Thu Dec 04, 2008 10:15 pm

TheRumpledOne wrote:Image

And another BUZZARD REVERSAL!


TRO, you already know the way I trade with the Buyzone, and
I will keep on doing it that way.

But yesterday I read your posts about the BUZZARD Reversal.
I did not know how it worked. You explained that its just 3 candles
in a row (60 min candles), and the 4th candle could become a winner.
Please correct me if I am wrong.

When I look at the picture that you uploaded I see 6 candles down,
and the 7th candle is up.
But did you also trade on the 4th, 5th and 6th candles, and did get
stopped out ?

User avatar
cfabian
rank: 150+ posts
rank: 150+ posts
Posts: 466
Joined: Tue Nov 04, 2008 3:37 pm
Reputation: 0
Gender: Male

Postby cfabian » Thu Dec 04, 2008 10:28 pm

winny wrote:
TheRumpledOne wrote:Image

And another BUZZARD REVERSAL!


TRO, you already know the way I trade with the Buyzone, and
I will keep on doing it that way.

But yesterday I read your posts about the BUZZARD Reversal.
I did not know how it worked. You explained that its just 3 candles
in a row (60 min candles), and the 4th candle could become a winner.
Please correct me if I am wrong.

When I look at the picture that you uploaded I see 6 candles down,
and the 7th candle is up.
But did you also trade on the 4th, 5th and 6th candles, and did get
stopped out ?


I believe he scalps the tails. All these setups are good for 10 pips or so.

About your buyzone methodology, are you willing to explain what do you do with it and why you're successful with it?

Cheers

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

winny
rank: 50+ posts
rank: 50+ posts
Posts: 109
Joined: Mon Jun 02, 2008 10:34 pm
Reputation: 0
Gender: None specified

Postby winny » Thu Dec 04, 2008 10:43 pm

cfabian wrote:I believe he scalps the tails. All these setups are good for 10 pips or so.

About your buyzone methodology, are you willing to explain what do you do with it and why you're successful with it?

Cheers


cfabian, I really only trade during the opening hours, just like TRO outlined in the other threads of the Buyzone strategy. I only use his buyzone with the opening price as my stop. The moment I trade is crucial for me. Now, there are indeed moments that you get 10 pips net. And that is very much ok, if you can do it daily. But there are times that you get whipsawed and loose these profits. That is why its important for me to let my profits run at certain moments. I do it simply by trading at the right moment and by looking at the movement of price. To let profits run above or below the buyzone one can apply different techniques to display this trend. We all have our own methods for doing that. Thats it, nothing more. More then 70% winning trades with this method.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11440
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 Dec 04, 2008 11:32 pm

winny wrote:
TheRumpledOne wrote:Image

And another BUZZARD REVERSAL!


TRO, you already know the way I trade with the Buyzone, and
I will keep on doing it that way.

But yesterday I read your posts about the BUZZARD Reversal.
I did not know how it worked. You explained that its just 3 candles
in a row (60 min candles), and the 4th candle could become a winner.
Please correct me if I am wrong.

When I look at the picture that you uploaded I see 6 candles down,
and the 7th candle is up.
But did you also trade on the 4th, 5th and 6th candles, and did get
stopped out ?



NO!!

IN/OUT for quick 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: 11440
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 Dec 04, 2008 11:36 pm

Image

And again...

And again...
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: 11440
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 Dec 05, 2008 12:04 am

Image

Can you say

L I N E A R

R E G R E S S I O N ?
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.

msforex
rank: <50 posts
rank: <50 posts
Posts: 9
Joined: Tue Dec 02, 2008 1:35 pm
Reputation: 0
Gender: None specified

Postby msforex » Fri Dec 05, 2008 5:14 am

TheRumpledOne wrote:
winny wrote:
TRO, you already know the way I trade with the Buyzone, and
I will keep on doing it that way.

But yesterday I read your posts about the BUZZARD Reversal.
I did not know how it worked. You explained that its just 3 candles
in a row (60 min candles), and the 4th candle could become a winner.
Please correct me if I am wrong.

When I look at the picture that you uploaded I see 6 candles down,
and the 7th candle is up.
But did you also trade on the 4th, 5th and 6th candles, and did get
stopped out ?



NO!!

IN/OUT for quick pips.



I think winny got a very good point! Following the "rule" he would have traded with the 4th, 5th and 6th candle as well - what would turn out to be no reverse trade in the end - although probably he still would have made some PIPs with these trades. So my question is: is it really more profitable to take a reversal after 3 or more candles in a row?

To verify this I made a small indicator to calculate the chances for a successful reversal trade after n-candles in a row (EURJPY, H1):



- Column 1 and 2 show the no. of candles in a row (buy on top block, sell on bottom one)
- Columns P6...P100 shows the no. of successful reversals with 6..100 PIPs for the candles in row

Take 1st row: out of 216 single buy candles 185 had a 6 PIP (or more) reverse. This is a probability of 85.6%.
Now take 4th row: out of 18 patterns 4 in a row, 14 had a successful 6 PIP reversal. This is a probability of 77.7%!

I've checked other currencies and came to similar figures: there is NO SIGNIFICANT difference in probability for a successful 6 PIP reversal based on the no. of candles in a row or the color of a previous candle! For a H1 timeframe you always go with a chance of about 85% (in average) for a successful 6PIP reversal trade!

Anybody can proof me wrong?

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


Return to “TheRumpledOne”