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maciekkov
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Postby maciekkov » Sun Jun 07, 2009 1:32 pm

TheRumpledOne wrote:Image

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6375

GO LONG.

SEE PROFIT.

SEE RED CANDLE.

SEE RED CANDLE AT HORIZONTAL LINE AT 0.6400

GO SHORT AT 0.6400

SEE PROFIT.

SIMPLE!

That is ALL THAT THERE IS TO IT. There is NOTHING MORE. Do not complicate matters.

You don't have to talk or think about trend, support, resistance, bounces, breakouts, etc.... You do NOT need indicators.

YOU SEE THE COLOR AT THE LINE AND TRADE WITH IT, NOT AGAINST IT... IT'S THAT SIMPLE!

If you do NOT understand, then keep rereading this message and looking at the chart until it hits you like a TON OF BRICKS!!


I understand the entry to the green candle, but why are you entred on the red candle?i know its crossing line but before that there is only one green candle.

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TheRumpledOne
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Postby TheRumpledOne » Sun Jun 07, 2009 2:42 pm

Previous candle does NOT matter - that's history.

CURRENT PRICE ACTION IS ALL THAT MATTERS.

That's why you go short at 0.6400 - the current H1 candle is RED.

SIMPLE.
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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Postby razorboy » Sun Jun 07, 2009 3:26 pm

I think a few people may disagree with that..................

TheRumpledOne wrote:Previous candle does NOT matter - that's history.

CURRENT PRICE ACTION IS ALL THAT MATTERS.

That's why you go short at 0.6400 - the current H1 candle is RED.

SIMPLE.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

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maciekkov
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Postby maciekkov » Sun Jun 07, 2009 5:19 pm

TheRumpledOne wrote:ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

Image


TRADING IS SIMPLE.

There is an entire industry built around making you think it is complicated.

All you need is a HORIZONTAL LINE on your chart to be a profitable trader.

I bet you doubt me, don't you?

Go long when the price moves UP to a price ending in 00, 25, 50 or 75.

Go short when the price moves DOWN to a price ending in 00, 25, 50 or 75.

IT IS THAT SIMPLE!!

Look at the chart and see how many pips you can make when you trade with the H1 candle color.

You can do this with stocks, currencies, futures, etc.

Oh when to take profits? Where to place stops? Just DON'T BE GREEDY and use COMMON SENSE! Learn some money management.

Pick ANY candle on the chart.

1) identify the color.

2) let the candle close

3) if the next candle is NOT the same color then:

if the current candle is GREEN go LONG at the FIRST line it approaches

if the current candle is RED go SHORT at the FIRST line it approaches

When to exit? Usually, when price stalls.

Stop loss? If price crosses the previous candle's midpoint.

Does that help?

So simple.

If H1 candle closes green then on next red candle go SHORT at the line.

If H1 candle closes red then on next green candle go LONG at the line.


Be patient. Don't rush the trade.

Don't be greedy and you can rack up the pips.

Let me answer the WHIPSAW protester before they even get started.

Of course, there will be price action around the x.00 and x.50 levels. That's what we are looking for and that's the reason we trade with the color of the H1 candle rather than the M1 candle.

Just use a little risk management and money management.

Practice with 1 minilot or 0.1 minilot until you get the hang of it.

One of the things you want in trading is an "edge".

You are NOT going to win every trade.

So you want something that gives you a edge.

Casinos have edge in the range of 0.55 - 2%. That's all they need.

My statistics show this edge is much higher.

Choppy days? I love choppy days. So long as the average hourly range is over 25, that's all the edge I need. THINK ABOUT IT!!

You can look for situations where this doesn't work...

-OR-

You can wait for the setup and walk away with a handful of pips.

IT'S ALL UP TO YOU!

The best trade is waiting for the reversal.

When to get out? If you have profit, get out when you want to. You can always exit part of your position. Move stop up to breakeven and let the rest ride!

Once again, the color of the previous candle makes no difference. YOU TRADE WITH THE CURRENT CANDLE COLOR. It is that simple. Don't make this simple trading method complicated.

Once again, waiting for a reversal is the "safe" trade.

You must trade in the moment. The past is over!

All that matters is what price is doing now!!

What would you do if all you had on your chart was the current candle?

If the current candle is green would you short?

If the current candle is red would you buy?

Does this make it clearer?

This is a safe trade for the new trader.

But, whether or not you use the previous candle to decide if you are going to trade the current candle, YOU MUST FOCUS ON THE CURRENT CANDLE TO DECIDE WHICH WAY TO TRADE.



Damn! that is exactly what I needed.Now i know what's going on.I can not wait for use this method:DThis is real SIMPLE!!

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Postby prochargedmopar » Sun Jun 07, 2009 7:57 pm

razorboy wrote:I think a few people may disagree with that..................

TheRumpledOne wrote:Previous candle does NOT matter - that's history.

CURRENT PRICE ACTION IS ALL THAT MATTERS.

That's why you go short at 0.6400 - the current H1 candle is RED.

SIMPLE.


LOL
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My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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maciekkov
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Postby maciekkov » Mon Jun 08, 2009 8:24 am

Image

Tro on the last candel i first sell on 156.00 and take 5 pips then candel reversed so my questions I can sell and buy on the same candle??buy is on 156.250?

maciekkov
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Postby maciekkov » Mon Jun 08, 2009 8:25 am

Image

Tro on the last candel i first sell on 156.00 and take 5 pips then candel reversed so my questions I can sell and buy on the same candle??buy is on 156.250?


Image

you see again reversed i will be lost ;/

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TheRumpledOne
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Postby TheRumpledOne » Mon Jun 08, 2009 6:20 pm

Yes, you can buy/sell whenever you want. If you see profit, TAKE IT!
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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Postby MightyOne » Tue Jun 09, 2009 4:40 am

YO HO YO HO THE PIRATES LIFE FOR ME!

Barry flavored TRO:

Image

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Postby Fxtraveller » Tue Jun 09, 2009 11:33 am

Same Trade, But one came out a winner, another- a loser (me)
entered according to rules, but had a 22 pip spike against me at that very moment which stopped me out, and then price continued to drop :(

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