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TheRumpledOne
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Postby TheRumpledOne » Mon Apr 13, 2009 10:38 am

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THE RULES THAT WERE POSTED:

Here's a simple method that if you apply it properly ( and don't load up the charts with SQUIGGLY'S ), will enable you to NEVER LOSE AGAIN!

1) Only trade if there is a 1, 2 or 3 semafor on the current or previous H1 candle. NO EXCEPTIONS.

2) After you see the semafor on the H1 chart, look at the M15 chart for the long(light blue) and short(pink) triggers based on TRO DYNAMIC FIBS SR TRAIL indicator.

3) When price touches the trigger you enter. DON'T THINK, JUST ACT!

4) Only ONE TRADE PER M15 CANDLE. If price goes against you, just wait.

5) If price went against you and makes a new dynamic sup/res level, get ready to enter at the trigger. If you can't see how this works, then DO NOT TRADE IT. I have entered up to 3 times.

6) What's the STOP LOSS? The stop loss is your maximum allowed loss per trade based on your money management.

7) What's the TAKE PROFIT? You take what you can. I usually take 5+ pips and leave more on the table.

Try this method using a micro lot or 0.1 mini lot. Trade it this way until you feel comfortable and are profitable on a consistent basis. Just trade it, AS IS, and don't add anything to it to improve it. You'll be amazed at how profitable a simple method can be.

DRAIN THE BANKS!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Mon Apr 13, 2009 12:43 pm

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DRAINING THE BANKS...
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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TheRumpledOne
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Postby TheRumpledOne » Mon Apr 13, 2009 1:00 pm

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M15, M30, H1... it doesn't matter... the result is the same...

DRAINING THE BANKS!!
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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eudamonia
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Postby eudamonia » Mon Apr 13, 2009 1:08 pm

Avery,

I just took that trade lol!

Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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TheRumpledOne
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Postby TheRumpledOne » Mon Apr 13, 2009 1:59 pm

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If price is NOT making new highs, then it must be coming down...

DRAIN THE BANKS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Mon Apr 13, 2009 2:31 pm

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DRAIN THE BANKS!
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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dragon33
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Postby dragon33 » Mon Apr 13, 2009 2:57 pm

ME DRAINING THE BANKS TOO


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Postby pierre23 » Tue Apr 14, 2009 3:28 am

MightyOne wrote:The more and more I play with the idea of self engulfing candles the more I love it.

The idea that last night was last night and today is today.

A percentage of the range of the current candle engulfs its self
based on its percent completion.

There will only be one highest price and one lowest price this time
period.
If the market makes a new highest price then engulf from the low & if the market makes a new lowest price then engulf from the high.

I am long/short from the engulfing line :shock:

The open price is shifted toward the low as price is making new lows and eventually rests on the lowest price when the candle is 100% complete and vise versa.

Trading is about knowing where you are going within a time period and reaching goals that are achievable within that time frame.

The above is used in tandem with the method of reinvesting profits.


Could you please show an example on a chart MO?

pierre23
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Postby pierre23 » Tue Apr 14, 2009 3:36 am

dragon33 wrote:ME DRAINING THE BANKS TOO


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Hi dragon, glad to see you're still trading well =] Did you change the dynamic fibs sr trail indicator's period setting or is it default?? I take it those arrows are your entries? Also I can see it's the 5min timeframe, are you looking for a semafor before you enter (on any higher timeframes) or are you just entering at each trigger?

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dragon33
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Postby dragon33 » Tue Apr 14, 2009 4:52 am

pierre23 wrote:
dragon33 wrote:ME DRAINING THE BANKS TOO


Image


Hi dragon, glad to see you're still trading well =] Did you change the dynamic fibs sr trail indicator's period setting or is it default?? I take it those arrows are your entries? Also I can see it's the 5min timeframe, are you looking for a semafor before you enter (on any higher timeframes) or are you just entering at each trigger?


Period settings is default. I don't look for a semapfore. I use the trail indicator and trade every tmf appart with different lotsize. I only use multitmf channels and that's it. I only adjust the trigger of the trail according to the tmf i am trading.
for D1 i trade with 5 mini's to 1 standard
for H4 i trade with 1 standard
for H1 i trade with 1.5 standard
scalping 15m i use dragon moneymanagement and those lots are BIG.

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