Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Fri Feb 27, 2009 6:50 pm

prochargedmopar wrote:Here is the difficulty I am having. I could SEE the Z-line at .2667-.2662 on multiple time frames.
I wanted to take the short trade at .2662 and again at .2656.
I WATCHED/DID NOTHING the entire half hour. 60 pips in the trash. Saw another one a couple hrs later at 2700 level. 70 more pips down the tube. Very frustrated here not being able to follow my rules and take trades.
I must not have wanted to take them very badly!!!

Ended up taking some buyzone trades and getting whipsawed like a big dog. I had +21.7 pips for the day.
SIMPLY PATHETIC.
Image


This is no different than the posts where people complain about their stops being hit only for price to move in the direction they planned for.

You know the right course of action to take and yet you do nothing.

Fear of taking a trade means that you know what the out come will be; you couldn't possibly know for certain.

Tell me:

You are trading a 15 minute chart and the average 15 minute range is 20 pips.

If a new candle opens and you enter into a position then what is your approximate risk without a stop and what is the chance that you can get out at BE if you are wrong.

It is your plan to exit on the same candle you entered on if you are not in significant profit, according to past momentum moves, by the time the candle closes:

If a new 15m candle opens and you enter into a position 3 minutes before the close of that same candle then what is your approximate risk without a stop?
Do your chances of getting out a break even improve over entering at the beginning of the candle and why?

With limit orders you reduce your risk by having price move to you.
Since price can only move so far so fast, on average, your risk is reduced.
With market orders you reduce your risk not through price movement, but through time. In time price moves using up the range like burning oil there by reducing your risk.

If the candle that closed is the truth and the current candle is the deception then the current candle must always be moving toward the truth.
Knowing that you will eventually get the truth out of the candle you can observe the deception in fractional check points and then better decide weather it is truth or lie that price is moving with the momentum as shown by truth.

PS: It would help you if your chart was not lit up like a Christmas tree.

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Fri Feb 27, 2009 6:54 pm

TheRumpledOne wrote:Image

HORIZONTAL LINES...

CANDLE COLORS...

What else do you need?


A trigger finger :wink:

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Fri Feb 27, 2009 7:03 pm

es/pip wrote:im done for the day-------you know what THEY say----------Don't trade forex on Fridays--------yeah ok :D


Image


There is too much movement on Friday not to trade...

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Fri Feb 27, 2009 7:22 pm

es/pip wrote:
MightyOne wrote:
es/pip wrote:WHO SEES THIS, BESIDES MO, DRAGON AND I???????????????



this should be illegal


:D


And we have only covered MO 101 :shock:



really? when does MO 102 start? I can hardly wait

:D

Image


I dunno :)

Maybe as a free e-book to those who display competence in 101 :wink:

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

TOPTREND Indicator / TRO or anyone else please help

Postby winny » Fri Feb 27, 2009 7:37 pm

I do not know if this is off-topic, but wanted to post here as this is one of the most read forums I guess.

I already said that I use the Buyzone setup in the morning and that I only trade futures for a few hours max. After that I do not look into it anymore as I also noticed that I personally was losing the profits that I made early in the morning during the rest of the day.

But...as a hobby I am always searching for profitable methods that I can use for the rest of the day, but only if I am able to trade with a PDA or mobile phone.

Now, I downloaded the MT4 Motherload that TRO is giving for free. Two indicators got my attention. One of them is the TOPTREND Indicator. Its based on Bollinger Bands. I always believed that Bollinger Band were worthless, but this Indicator really looks very very good.
This is certainly something that can be used during the rest of the day.
Unfortunatly for me its not a good option, as I want to receive signals during the day on my PDA or mobile.

TRO or someone else out there;
Are you able to modify this indicator in usch a way that it can produce
signals and at the same time inform me by email that the trend has changed ?
If so, would you be willing to help us, as I think this is a really really good indicator that can be used as a standalone but also for confirmation of a trend.

Thank you, win

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Fri Feb 27, 2009 7:43 pm

Here I see 90 minute candles on a 15m chart :shock:

Learn to do the same :?

Image

I see a mistake in how I market the chart in the beginning (missed a candle), but that doesn't change the picture.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11397
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 Feb 27, 2009 7:53 pm

Image

Anyone like Point & Figure charts?

I have built a multimeter to indicate trend based on P&F.


You can find the code for the charts:


Point and Figure

Point and Figure

Point and Figure

Stay tuned!!
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: 11397
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 Feb 27, 2009 9:28 pm

"If a new 15m candle opens and you enter into a position 3 minutes before the close of that same candle then what is your approximate risk without a stop? Do your chances of getting out a break even improve over entering at the beginning of the candle and why?" - MightyOne

I SEE A HINT!!
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: 11397
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 Feb 27, 2009 9:35 pm

"If the candle that closed is the truth and the current candle is the deception then the current candle must always be moving toward the truth." - MightyOne


TOWARD or WITH?

"Sometimes words have two meanings..."
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: 11397
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: TOPTREND Indicator / TRO or anyone else please help

Postby TheRumpledOne » Fri Feb 27, 2009 9:36 pm

winny wrote:I do not know if this is off-topic, but wanted to post here as this is one of the most read forums I guess.

I already said that I use the Buyzone setup in the morning and that I only trade futures for a few hours max. After that I do not look into it anymore as I also noticed that I personally was losing the profits that I made early in the morning during the rest of the day.

But...as a hobby I am always searching for profitable methods that I can use for the rest of the day, but only if I am able to trade with a PDA or mobile phone.

Now, I downloaded the MT4 Motherload that TRO is giving for free. Two indicators got my attention. One of them is the TOPTREND Indicator. Its based on Bollinger Bands. I always believed that Bollinger Band were worthless, but this Indicator really looks very very good.
This is certainly something that can be used during the rest of the day.
Unfortunatly for me its not a good option, as I want to receive signals during the day on my PDA or mobile.

TRO or someone else out there;
Are you able to modify this indicator in usch a way that it can produce
signals and at the same time inform me by email that the trend has changed ?
If so, would you be willing to help us, as I think this is a really really good indicator that can be used as a standalone but also for confirmation of a trend.

Thank you, win


Yes, it is possible.
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”