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joshvon
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Postby joshvon » Sat Apr 04, 2009 2:13 am

es/pip wrote:all in all finished the day with +4%

considering all the b/e trades and this trade i posted, which i took a full stop on

great roi on the week



MO do you have any comments on this one, got in near the close of the wick bar

5 min slammed literally 30 pips taking me out before i could even think about getting out at b/e

i see the congestion to the left but with the increase of momo into it i thought it was going to go

thanks

Image



Normally I just lurk, but I think I may have something useful to say here.

I believe that MO said to trade AWAY from resistance not into it! haha jk, I'd like to thank TRO, MO, and yourself for posting the many many many many charts. VERY helpful for us newbs =) anyway, here's my view:

Based on looking at (as you've said) probably hundreds of your charts, the majority of your posted winning trades the momo bar not only must be 2x the previous bar but should ALSO close outside of the previous bar's wick, or at least wick outside of the previous bar's wick.

Otherwise the previous wick would be considered resistance, which "should be traded away from". Thus, in this case significantly reducing your odds of winning this one.

Of course there's always exceptions and you've posted a few winner's that went against this, so i'm curious as to what MO will say.

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jahjahblessed
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esp

Postby jahjahblessed » Sat Apr 04, 2009 2:14 am

es/pip thank you. I know sorry but thank you, you chart help me out with the Z-line and M-zone with in a weekend, I'm not really good with verbal instruction more of a hands on person. I just took your chart and duplicate and realize what you were doing over and over again and got it.
transform to PIP"S FARI

Whatever the mind of man can conceive and believe, it can achieve.
Napoleon Hill

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JAHJAHBLESSED

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MightyOne
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Postby MightyOne » Sat Apr 04, 2009 3:02 am

es/pip wrote:all in all finished the day with +4%

considering all the b/e trades and this trade i posted, which i took a full stop on

great roi on the week



MO do you have any comments on this one, got in near the close of the wick bar

5 min slammed literally 30 pips taking me out before i could even think about getting out at b/e

i see the congestion to the left but with the increase of momo into it i thought it was going to go

thanks

Image


Why would you enter near the close?

There is a reason why I say the a ZL trade involves the candle hugging momentum only.

After that candle closed you would either trade long as price moved above the momentum candle or you would wait for a pull back for the S&R trade.

Not referring to the cycle line trading:

I usually trade for 1 candle and that candle is the bar hugging the momentum candle.
The only way that I trade for 2 candles is if my entry candle closed
bullish and I have an even higher TF single candle trade that has time
left until it closes.

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TheRumpledOne
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Postby TheRumpledOne » Sat Apr 04, 2009 3:06 am

ajaymein wrote:
TheRumpledOne wrote:
DRAINING THE BANKS all day long.


TRO, what happened to your SIMPLE charts with just a few horizontal lines. Looking at that chart gives me a HEADACHE!!!

HAHA j/k...there is a bunch of stuff on that chart tho, but as long as your Draining The Banks, its all good!


It IS simple.

If you are not a pilot a cockpit looks complicated, doesn't it?

You can trade without the lines and have only one gauge.
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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jahjahblessed
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ok

Postby jahjahblessed » Sat Apr 04, 2009 3:08 am

Well I went live today, it's a total different environment than demo tradiing, similar to a live game rather than a practice or scrimmage game, man man, got my bank drain.
All that is replaying in my head right now are, and I now have it written it down several times.

Indicator: indicate that the odds are in my favor that someone is gonna come in the market and buy higher than I have brought, and or sell lower than I have sold.
This is where I come in, after indicated, without hesitation or mental reservation, by hitting the buy or sell button.

How many pip am I willing to risk or profit that they will come into the market or not. This would define my Money Management's S/L and T/P. MARK DOUGLAS
REPEAT AGAIN AND AGAIN AND>>>>>>Thank you maesTRO
Last edited by jahjahblessed on Sat Apr 04, 2009 3:13 am, edited 1 time in total.
transform to PIP"S FARI



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JAHJAHBLESSED

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Postby razorboy » Sat Apr 04, 2009 3:09 am

So would you have entered that trade as price entered the zone on the way down or as it was exiting the zone on the way up?


For what its worth, my associate got nailed by this trade as well


MightyOne wrote:
es/pip wrote:all in all finished the day with +4%

considering all the b/e trades and this trade i posted, which i took a full stop on

great roi on the week



MO do you have any comments on this one, got in near the close of the wick bar

5 min slammed literally 30 pips taking me out before i could even think about getting out at b/e

i see the congestion to the left but with the increase of momo into it i thought it was going to go

thanks

Image


Why would you enter near the close?

There is a reason why I say the a ZL trade involves the candle hugging momentum only.

After that candle closed you would either trade long as price moved above the momentum candle or you would wait for a pull back for the S&R trade.

Not referring to the cycle line trading:

I usually trade for 1 candle and that candle is the bar hugging the momentum candle.
The only way that I trade for 2 candles is if my entry candle closed
bullish and I have an even higher TF single candle trade that has time
left until it closes.

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MightyOne
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Postby MightyOne » Sat Apr 04, 2009 3:27 am

razorboy wrote:So would you have entered that trade as price entered the zone on the way down or as it was exiting the zone on the way up?


For what its worth, my associate got nailed by this trade as well


MightyOne wrote:
es/pip wrote:all in all finished the day with +4%

considering all the b/e trades and this trade i posted, which i took a full stop on

great roi on the week



MO do you have any comments on this one, got in near the close of the wick bar

5 min slammed literally 30 pips taking me out before i could even think about getting out at b/e

i see the congestion to the left but with the increase of momo into it i thought it was going to go

thanks

Image


Why would you enter near the close?

There is a reason why I say the a ZL trade involves the candle hugging momentum only.

After that candle closed you would either trade long as price moved above the momentum candle or you would wait for a pull back for the S&R trade.

Not referring to the cycle line trading:

I usually trade for 1 candle and that candle is the bar hugging the momentum candle.
The only way that I trade for 2 candles is if my entry candle closed
bullish and I have an even higher TF single candle trade that has time
left until it closes.


This is my view based on what I call the "Dynamic Trend" with the arrows indicating my bias.

If this were a TF that I traded I would have went short over top es / pip and started entering back the other way after the bearish "momo."

Image

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es/pip
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Postby es/pip » Sat Apr 04, 2009 4:11 pm

MightyOne wrote:
es/pip wrote:all in all finished the day with +4%

considering all the b/e trades and this trade i posted, which i took a full stop on

great roi on the week



MO do you have any comments on this one, got in near the close of the wick bar

5 min slammed literally 30 pips taking me out before i could even think about getting out at b/e

i see the congestion to the left but with the increase of momo into it i thought it was going to go

thanks

Image


Why would you enter near the close?

There is a reason why I say the a ZL trade involves the candle hugging momentum only.

After that candle closed you would either trade long as price moved above the momentum candle or you would wait for a pull back for the S&R trade.

Not referring to the cycle line trading:

I usually trade for 1 candle and that candle is the bar hugging the momentum candle.
The only way that I trade for 2 candles is if my entry candle closed
bullish and I have an even higher TF single candle trade that has time
left until it closes.



ok i can see what you are saying

i have another q for you

with all the different examples/methods that you have presented on how to trade
---------- zl/mz
---------- degree channels
---------- trading in direction with adding p/l to your stop distance
---------- etc etc

which one do you trade----or is it a combination of all the ideas

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es/pip
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Postby es/pip » Sat Apr 04, 2009 4:13 pm

MightyOne wrote:
razorboy wrote:So would you have entered that trade as price entered the zone on the way down or as it was exiting the zone on the way up?


For what its worth, my associate got nailed by this trade as well


MightyOne wrote:
es/pip wrote:all in all finished the day with +4%

considering all the b/e trades and this trade i posted, which i took a full stop on

great roi on the week



MO do you have any comments on this one, got in near the close of the wick bar

5 min slammed literally 30 pips taking me out before i could even think about getting out at b/e

i see the congestion to the left but with the increase of momo into it i thought it was going to go

thanks

Image


Why would you enter near the close?

There is a reason why I say the a ZL trade involves the candle hugging momentum only.

After that candle closed you would either trade long as price moved above the momentum candle or you would wait for a pull back for the S&R trade.

Not referring to the cycle line trading:

I usually trade for 1 candle and that candle is the bar hugging the momentum candle.
The only way that I trade for 2 candles is if my entry candle closed
bullish and I have an even higher TF single candle trade that has time
left until it closes.


This is my view based on what I call the "Dynamic Trend" with the arrows indicating my bias.

If this were a TF that I traded I would have went short over top es / pip and started entering back the other way after the bearish "momo."

Image


how do you determine how to place your "dynamic trend" lines

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MightyOne
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Postby MightyOne » Sat Apr 04, 2009 6:37 pm

es/pip wrote:
MightyOne wrote:
es/pip wrote:all in all finished the day with +4%

considering all the b/e trades and this trade i posted, which i took a full stop on

great roi on the week



MO do you have any comments on this one, got in near the close of the wick bar

5 min slammed literally 30 pips taking me out before i could even think about getting out at b/e

i see the congestion to the left but with the increase of momo into it i thought it was going to go

thanks

Image


Why would you enter near the close?

There is a reason why I say the a ZL trade involves the candle hugging momentum only.

After that candle closed you would either trade long as price moved above the momentum candle or you would wait for a pull back for the S&R trade.

Not referring to the cycle line trading:

I usually trade for 1 candle and that candle is the bar hugging the momentum candle.
The only way that I trade for 2 candles is if my entry candle closed
bullish and I have an even higher TF single candle trade that has time
left until it closes.



ok i can see what you are saying

i have another q for you

with all the different examples/methods that you have presented on how to trade
---------- zl/mz
---------- degree channels
---------- trading in direction with adding p/l to your stop distance
---------- etc etc

which one do you trade----or is it a combination of all the ideas


My trades are always placed with value in mind.

The 100 bar ATR on the GBPUSD is 264 pips and that means
that with a 10 pip stop that currency has the ability to make me
26.4 to 1 per day and even more on momentum.

At 20 to 1 per day at 1% per trade $1,000 becomes

~$89,762,301,673,555,234,816,000 in 1 year.

That is over 89 sextillion dollars...

Even though that is an impossible feat to accomplish you can
clearly see that the real money in in capturing the range or at
least in trying to do so.
You can also see that 1% risk is OVER KILL when you are only
trying to get to a million dollars (no one needs to make more than $100,000/day).

So to answer your question I trade from a line in a long term direction.
As of recently this line is what I call the Dynamic trend and it
is used on a chart that represents my long term goal.

No real entry method is needed on a small TF chart like a 2m
or a 5m you just short as price picks up speed while trading away
from the line.

I have done simply that while focusing on first increasing the size
on my stop with profits and then letting price move to potentially
capture a ridiculous daily profit.

Due to my low risk and inflated stops I have both the time and
available margin to work more than one currency thus increasing
my chance of capturing a large move before dinner.

Using this strategy you need only be right 10% of the time and you will still be able to quit your job in a matter of years.

I have been exploring the use of Dynamic Fibs on a small TF traded in the direction of the longer term Dynamic Trend.

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