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 » Sun Jul 26, 2009 6:48 am

cfabian wrote:Check this out...
While studying some charts, I saw the inconsistency between Zap's charts and mine. He uses FXDD and I use Interbank.

His last trade, on H4 it clearly shows a ZL which was his entry point, and would have been an exit point from previous trade. I could see that in my H1 chart, but not on H4.

Now, the point is, in with Intebank you may consider 1.6481 area an entry/exit point, but you can clearly see on FXDD that that zone was already used.

This is only to show the importance of flipping between timeframes. If trading H1, at least go see H4 and 30M to see what's around. At least that's my observation.

Have a great weekend!!!!!

FXDD screenshot
Image

Interbank screenshot
Image


This is just the way I do things!

If you do things differently then you are not "wrong"

I start with a 1 hour chart and create 2 hour bars with Blubbb's Custom Candle indi.
I pull the back vertical to either side of the other vertical line to see which picture has more flow (it is opinion so don't ask).

When I am satisfied I will move the back line one candle into the past creating a 3 hour candle.

I will then check even higher TF momentum by pulling the back line to the middle of the custom candle's body creating a 5 hour bar.

I will then capture the prev. candle to create a 10 hour bar and then it is back to the 2-5 hour time frame.

From here you can do your self a favor and create 10 hour bars with a period converter and then start combining those as you did the hourly bars.

So you will have a 1, 10, & 100 hour chart which should be all you need when using Blubbb's custom candle indi.

I like to set the fibo tool to 1 with %$ in the description for horizontal lines with price shown above the line.

Mark off significant areas and the drop to small TF charts.
It is nice to write down the prices on note paper with a description of your possible actions (depending on the magnitude of the TF) should price reach that area.

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 » Sun Jul 26, 2009 7:29 am

I delete indicators from my folder every week!

Honest... :(


Image

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 26, 2009 9:16 am

Way to go, MO! Hehehe...

Wouldn't you be mindful of how TRO feels when you delete his indis?

Lis
Last edited by monolisa on Sun Jul 26, 2009 11:32 am, edited 1 time in total.
"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

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 » Sun Jul 26, 2009 9:33 am

monolisa wrote:Way to go, MO! Hehehe...

Wouldn't you (be) mindful of how TRO feels when you delete his indis?

Lis


I have all the donation indicators saved online.

If I don't use something in 3 months I will throw it away even if it is a toaster.

If I know that I am not going to use some thing anytime soon then it automatically gets thrown away.

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 » Sun Jul 26, 2009 1:45 pm

Doesn't hurt my feelings if someone doesn't want/use my indicators.
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.

Tristalibur
rank: <50 posts
rank: <50 posts
Posts: 1
Joined: Sat Jul 25, 2009 3:19 pm
Reputation: 0
Gender: Male

What the heck

Postby Tristalibur » Sun Jul 26, 2009 3:19 pm

Hello,
First of all this is all new too me(but i'm a fast learning student).
Now what gets me confused is :why are there over a hundred systems(automatic or not)?
And when there is a good system,why do people always change??
Is it because of greed?
Is it because the system failed to work??
I don't get the picture.
I personally tought that all of you guys are millionaire by now??
Look for me it's all new,traded some otcbb and pinks for awhile and since 3 weeks i have discoverd Forex.
I'm at home now with some kind of a disease so i have time to study alot(10h a day at least),did some demo trading and till now 7 trades in a row are winners,thx too all the systems i found on the internet.
But i know i'm still in demo mode and have a long way to go till i found the system that i know by the head.
For the moment i'm sticking with Tro's method mixed with some MMlines and Stoch osc.Cause i'm hoping of draining a bank in the future.

User avatar
Patch
rank: 500+ posts
rank: 500+ posts
Posts: 941
Joined: Sat Jan 06, 2007 6:13 pm
Reputation: 0
Location: Virginia
Real name: Jeff
Gender: Male
Contact:

Postby Patch » Sun Jul 26, 2009 3:43 pm

Welcome Tristalibur

You observe then ask, "Now what gets me confused is :why are there over a hundred systems(automatic or not)?
And when there is a good system,why do people always change??"

TRO might say people like to complicate things, someone else, someone has another idea, to make it a little bit better. MO says don't get stuck on a system and stop thinking and growing. I think people are people, not always logical or rational.

Get well fast. While using this time to learn and grow your trading muscles.

Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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 » Sun Jul 26, 2009 5:13 pm

TheRumpledOne wrote:Doesn't hurt my feelings if someone doesn't want/use my indicators.


I wouldn't go that far...

After waking up today I realize that she probably thought that I was showing the indicators that I deleted when those were the indicators that I currently have in my indicator folder (53% of which are TRO indicators if you do not count the multiple copies of the period converter).

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Sun Jul 26, 2009 5:48 pm

The TRO master continually says that you don't NEED his indicators to trade.
All you need is a horizontal line.
I see no need for him to be offended. He probably feels good about helping a trader get to that level of trading prowess.

Those that do use indicators..........if he enhances them and makes it easier for them to trade, I'm sure he feels good about that too.

He can,
"Never Lose Again"....either way.
hehehehe
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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 » Sun Jul 26, 2009 5:57 pm

Patch wrote:Welcome Tristalibur

You observe then ask, "Now what gets me confused is :why are there over a hundred systems(automatic or not)?
And when there is a good system,why do people always change??"

TRO might say people like to complicate things, someone else, someone has another idea, to make it a little bit better. MO says don't get stuck on a system and stop thinking and growing. I think people are people, not always logical or rational.

Get well fast. While using this time to learn and grow your trading muscles.

Patch
In VA


Good post Patch ;)

Trading is like a poker game where one side comes to the table with solid mathematics and the other side comes to the table with solid mathematics and the ability to adapt to the tendencies of the other players.

It is pretty clear that the poker players that are armed solely with mathematics (a system) are going to be on the losing end of the stick.

They may make money if someone weaker sits down at the table, but they damn sure are not going to beat the professional without lady luck.


Even if a trader has solid price action analysis and is wildly profitable on his entries he could still not make it to $100,000 or even a $1,000,000 for purely psychological reasons.

What does money mean to you?

If you scraped together $400 from skipping 2 meals a day for 2 months and you grew your account to $1,200 you may be fearful because $1,200 is a lot of money to you.

It is often the case that a person will trade really well with a small amount and then trade poorly with a larger amount until he reaches his initial account balance.

If $1,200 was not enough to shake the trader then what about $26,000 or $43,000?
The affects of losing are magnified by the value (to you) of the money at risk.

Do you have what it takes to look at $100,000 and say that it would not bother you one bit if you lost it all?

But that is what it takes to reach a million dollars:

ZERO EMOTIONAL ATTACHMENT :shock:

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


Return to “TheRumpledOne”