Never Lose Again

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Wed Apr 01, 2015 4:36 pm

gbpjpyh1.png
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ALL YOU NEED TO KNOW ABOUT TRADING

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You cannot control the probabilities of wining or losing.

You cannot control your average win size.

The only part of the equation that you can control is your average loss size.

PRICE ACTION

“Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame .

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.”
- H. Rearden

1) Price will either breakout of the high, low or both of the previous bar

2) Price will not breakout of the previous bar.

You cannot reduce it any further. Anything else complicates the issue.

ENTERING A TRADE

You either decide to:

1) Wait and do not enter a trade

2) Trade a breakout

3) Trade a reversal.

Those are your ONLY 3 options.

That is all you need to know about trading.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Wed Apr 01, 2015 4:37 pm

Two Mistakes the Novice Trader/Investor Made
1) The seller sold to us AFTER a decline in price.
2) They sold to us at a price level where the chart told us, demand exceeded supply.

http://go.tradingacademy.com/Two-most-c ... g-mistakes?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Wed Apr 01, 2015 4:51 pm

eurusdh1.png
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TRO-EINSTEIN indicator places HORIZONTAL LINES on the chart when you open the chart. That is your reference point. Price will move AWAY from the line, either UP or DOWN.

You decide which way to trade... away from the line or towards the line.

The trigger lines allow "wiggle room". Once price leaves the zone, you would be wise to trade in the direction price left the zone.
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.

salezyakuku
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Re: Never Lose Again

Postby salezyakuku » Thu Apr 02, 2015 9:44 am

Hi,

TRO-EINSTEIN is great for begginers. I made screen shot 2 days ago for my friend who is begginer.
Image

There is 15 min beetwen charts. It looks like price goes up :twisted:

HINT: The truth is out there.
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu Apr 02, 2015 4:09 pm

gbpjpyh1.png
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Notice how price moves across the open lines.

Trading in the direction price crosses an open line is usually profitable. This should be easy to see.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu Apr 02, 2015 4:11 pm

salezyakuku wrote:Hi,

TRO-EINSTEIN is great for begginers. I made screen shot 2 days ago for my friend who is begginer.
Image

There is 15 min beetwen charts. It looks like price goes up :twisted:

HINT: The truth is out there.


Your chart is showing the TRO RAT ZONE but you are talking about TRO_EINSTEIN. This is confusing!
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.

salezyakuku
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Re: Never Lose Again

Postby salezyakuku » Thu Apr 02, 2015 5:32 pm

TheRumpledOne wrote:
salezyakuku wrote:Hi,

TRO-EINSTEIN is great for begginers. I made screen shot 2 days ago for my friend who is begginer.
Image

There is 15 min beetwen charts. It looks like price goes up :twisted:

HINT: The truth is out there.


Your chart is showing the TRO RAT ZONE but you are talking about TRO_EINSTEIN. This is confusing!


Sorry, meybe I should add second screanshot with TRO_EINSTEIN to show difference.
On both charts is same price after 15 minutes so I wanted shown that if someone disturb your attention you can make wrong decision.
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"

dchappy
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Re: Never Lose Again

Postby dchappy » Thu Apr 02, 2015 5:52 pm

TheRumpledOne wrote:
eurusdh1.png


TRO-EINSTEIN indicator places HORIZONTAL LINES on the chart when you open the chart. That is your reference point. Price will move AWAY from the line, either UP or DOWN.

You decide which way to trade... away from the line or towards the line.

The trigger lines allow "wiggle room". Once price leaves the zone, you would be wise to trade in the direction price left the zone.

Does this mean I can stop throwing my dart at the wall ? Iol..... Thanks Tro .... :smt023

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu Apr 02, 2015 9:28 pm

eurusdh1.png
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See the blue HORIZONTAL LINE... that's the EINSTEIN LINE for when I signed on to the EUR/USD.

Price moves RELATIVE to that line.

If price is above the line, then price is UP.

If price is below the line, then price is DOWN.

It IS that simple.

You decide, trade toward the line or away from 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.

golden75
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Re: Never Lose Again

Postby golden75 » Thu Apr 02, 2015 10:10 pm

TheRumpledOne wrote:
eurusdh1.png


TRO-EINSTEIN indicator places HORIZONTAL LINES on the chart when you open the chart. That is your reference point. Price will move AWAY from the line, either UP or DOWN.

You decide which way to trade... away from the line or towards the line.

The trigger lines allow "wiggle room". Once price leaves the zone, you would be wise to trade in the direction price left the zone.



Dear Sir,

The trigger lines are those two violet lines, right Sir ? it seems that TRO einstein indicator is for very short scalping only, right Sir ?
I wish TRO Einstein is a predictive indicator, but TRO never teach people to predict the market ahead, but to just take those pips on the table.
Sir, i wonder if predicting the future of forex movement is impossible science at all which should never be touched by anybody, otherwise would end up in frustration only ?

Thank You Sir

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