Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 664
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 47
Gender: Male
Contact:

Postby PTG » Sat Jul 04, 2009 10:26 pm

All you need is the desire to make beautiful things happen on canvas.
Welcome to the joy of painting :shock: :D

Download Bob Ross paintings - erm - sorry, got that mixed up :shock:

Download Joe Ross material here: CLICK CLICK CLICK

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

maciekkov
rank: <50 posts
rank: <50 posts
Posts: 18
Joined: Fri Jun 05, 2009 11:29 am
Reputation: 0
Gender: None specified

Postby maciekkov » Sat Jul 04, 2009 11:43 pm

TheRumpledOne wrote:Why can't we see what price is doing?

Image

Price is either moving up, moving down or not moving at all.

What is wrong with our eyes that we can't see what price is doing?

Image

It's so simple, price is either moving or standing still.

Image

Why do we need colors to know which way price is moving?

Image

Does adding a line really make it easier to see what price is doing?

Image

Well, if adding one line makes it easier then adding more lines should make it even easier, right?

Image

Why can't our eyes see the "trend"?

Image

Maybe adding another chart will help us see...

Image

Naturally, if adding another chart makes it easier, we should add more.

Image

If only someone would tell us the "magic" numbers to use...

Image

Price either climbs up or down a "stair".

Image

You mean to tell me I can think of price going up and down stairs?

IT CAN'T BE THAT SIMPLE!!


Tro but how we can know how many steps have this stairs?i see how price move up or down i see wicks candle its mean false move and this is losers we should playing on body candel then we will be in profit,but i dont see what price is doing ,if you see that why you dont tell this for us .you made so many indactors why??if it is so simple we dont need any idactors just tell what price is doing,price bounced between lines 00 25 75 i now that because i see that but when i read your post COULD YOU SEE THAT or open your eye i dont get it.i know all indactors like OS MACD MA and more they are lagging i dont use that i use only this horizontal lines because price move between horizontal lines but somtimes price cross 3 lines that was 75 pips and i dont know when price will be doing so big move i should hold but i close when i have 25 pips or smaller.i still try realy but i cant see where price move now i still thinking i have only lucky in this trade:(

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12823
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1470
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sun Jul 05, 2009 12:56 am

You can't know AHEAD OF TIME.

I code indicators because I can. I see things and I code them. I get an idea, I code it. I code to learn others' systems.

You are correct. You were lucky. Smile.
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
inzider
rank: <50 posts
rank: <50 posts
Posts: 30
Joined: Wed Oct 01, 2008 7:00 pm
Reputation: 0
Gender: None specified

Postby inzider » Sun Jul 05, 2009 2:13 am

In relation to all that, may i suggest to look at:

Harmonic trading ( that Zl story make me think ALOT of Gartley pattern/ab=cd) and
VSA trading ( volume can help alot to spot momentum and post momentum move...

I'm also looking at Ralph Vince work on Money mangement based on the kelly formula... Optimal F and Math epexctation.

Worth a look i think.

Thx for mister Ross reference!

Food for tough....
WB: "Risk comes from not knowing what you're doing."

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6012
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1625
Gender: Male

Postby MightyOne » Sun Jul 05, 2009 2:27 am

The first 10 years of live trading are the most trying

After 2 years you think you know what you are doing

After 4 years you begin to know what you are doing

After 8 years you laugh at what you were doing

I can't wait for my 16th year ;)

maciekkov wrote:
TheRumpledOne wrote:Why can't we see what price is doing?

Image

Price is either moving up, moving down or not moving at all.

What is wrong with our eyes that we can't see what price is doing?

Image

It's so simple, price is either moving or standing still.

Image

Why do we need colors to know which way price is moving?

Image

Does adding a line really make it easier to see what price is doing?

Image

Well, if adding one line makes it easier then adding more lines should make it even easier, right?

Image

Why can't our eyes see the "trend"?

Image

Maybe adding another chart will help us see...

Image

Naturally, if adding another chart makes it easier, we should add more.

Image

If only someone would tell us the "magic" numbers to use...

Image

Price either climbs up or down a "stair".

Image

You mean to tell me I can think of price going up and down stairs?

IT CAN'T BE THAT SIMPLE!!


Tro but how we can know how many steps have this stairs?i see how price move up or down i see wicks candle its mean false move and this is losers we should playing on body candel then we will be in profit,but i dont see what price is doing ,if you see that why you dont tell this for us .you made so many indactors why??if it is so simple we dont need any idactors just tell what price is doing,price bounced between lines 00 25 75 i now that because i see that but when i read your post COULD YOU SEE THAT or open your eye i dont get it.i know all indactors like OS MACD MA and more they are lagging i dont use that i use only this horizontal lines because price move between horizontal lines but somtimes price cross 3 lines that was 75 pips and i dont know when price will be doing so big move i should hold but i close when i have 25 pips or smaller.i still try realy but i cant see where price move now i still thinking i have only lucky in this trade:(

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

User avatar
aVi
rank: 50+ posts
rank: 50+ posts
Posts: 84
Joined: Tue Mar 24, 2009 4:30 am
Reputation: 0
Location: The Island w/ Kate
Gender: Male

Postby aVi » Sun Jul 05, 2009 4:50 am

PTG wrote:All you need is the desire to make beautiful things happen on canvas.
Welcome to the joy of painting :shock: :D

Download Bob Ross paintings - erm - sorry, got that mixed up :shock:

Download Joe Ross material here: CLICK CLICK CLICK


You're too kind. 8)
Wake up Mr. Green...

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Sun Jul 05, 2009 7:59 am

Hi MO,

So if we trade the event, then we could enter a position when there's a breakout (momentum) and exit/re-enter based on the price action (correction/real move) of higher TF chart? Also, what do you mean by "long term position"?

On the other hand, if we trade like you (postmomentum trader) then we can enter either at the beginning of the correction or the real move, or both. In a nut shell, movement/momo gives you the signal, and using support and resistance (defined by the mighty zone and highest high/lowest low of the momentum) you are able to identiy the correction and the real move (both are retracements).

Thanks.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

frang0nve
rank: 150+ posts
rank: 150+ posts
Posts: 199
Joined: Thu Apr 09, 2009 7:57 pm
Reputation: 0
Gender: Male

Food for thought

Postby frang0nve » Sun Jul 05, 2009 3:12 pm

Found in one of the oanda forums:

http://www2.oanda.com/cgi-bin/msgboard/ultimatebb.cgi?ubb=get_topic;f=17;t=004620;p=2#000029


Pescador wrote:
There are 3 (and probably many more that I do not know) profitable strategies in this market I know of:

1. Scalping with high leverage and DISCIPLINED mental stops. You will win big IF YOU LEARN HOW TO LOSE.
If you have the detachment of a Buddha you will succeed and have fun like him:
http://www.amazon.com/Divine-Madman-Sub ... 74&sr=11-1

2. Hedging with moderate leverage. In contrast to the common TP/SL strategies you will have
the freedom to take profit or take loss in an intelligent way, WHENEVER IT FITS YOUR STRATEGY.
You will need the flexibility of a chameleon with this strategy.
If you have a synthetic hedging triangle, you have at least 6 directions you can trade all the time.
No hurry, no stress, no desperation means less mistakes. It has been explained many times in
these forums, just search for it. Read Weej's posts, they reveal a lot of it. The rest is just trying it out.

3. Long term investing with 1:1 or less leverage. With the patience of a saint, you will gain
MOST of your trades with time. Just wait.

But as it has been many times explained on Oanda forums,
1. scalping can never work. It leads to fast margin calls all the time.
2. hedging never works. It bleeds you out slowly due to too much burden of negative
interest, too much payed spreads/commissions and too much margin tied up.
3. long term investing does not work due to too little leverage and too little gain.

SO DO NOT TRY ANY OF THESE!!!!
YOU ARE GOOD THE WAY YOU ARE!!!

As scalpers, we have fun to take your money.
As hedgers we will take your money when we see it fit. No hurry, no stress, no desperation.
As long time investors we will take your money ANYWAY in the end.

SO PLEASE, STAY THE WAY YOU ARE.

And the best of it: in the end you will blame Oanda, not us....
AND OF COURSE NOT YOURSELF

PS.: If you decide trying these strategies, in spite all these warnings, please do try them in 1 account all together at the same time.
It makes our work much easier.


I find it interesting.

Francisco

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Mon Jul 06, 2009 8:20 am

A combination of Mighty Zone and Horizontal lines trade. 200++ pips up for grab.

No Squiggly lines, pure PA!!

Image

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

zapzinig
rank: 50+ posts
rank: 50+ posts
Posts: 131
Joined: Fri May 19, 2006 8:57 pm
Reputation: 0
Gender: None specified

Postby zapzinig » Mon Jul 06, 2009 3:06 pm

A few zline trades for today. I am only trading GBPUSD. There are more than enough opportunities to grow your account 2-5% a day conservatively without risking more than 3% of your account. I look for one maybe 2 trades a day at most!

I plan to execute flawlessly this one strategy on just one pair. For the past month my live account has grown 46%. I plan on only trading 10-15 days per month since there may not be perfect setups eveyday. Not trading is ok if the probability that you seek is not present.

My major hurdle is remaining focused and not being distracted by the next new indicator. I have deleted all but 12 indicators. They are probably not even needed. A bare chart with hand drawn horizontal lines is really all I need.


--ZZ

Image

Image

Image

Image

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


Return to “TheRumpledOne”