Never Lose Again

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marcromero
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Postby marcromero » Mon Nov 10, 2008 12:28 pm

IBFX

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dragon33
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Postby dragon33 » Mon Nov 10, 2008 1:15 pm

marcromero wrote:IBFX


I never used IBFX. I can't help you. Anybody to help macromero???

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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 10, 2008 4:18 pm

Image

Remember, the Buy Zone is statistically based, too.

Trading with the direction through the open is usually profitable.
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 Nov 10, 2008 4:41 pm

daedalus wrote:....

What I didn't expect was to be called a blind parrot that has the mental capability of a monkey.


...Also, thanks for illustrating the meat and potatoes of one of the setups... much better than the pseudo zen wisdom in the past 200 pages IMHO.


You do not like my "pseudo zen wisdom", so let me suggest you go elsewhere.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 10, 2008 4:47 pm

Heres a little tidbit from Eddie Toppels book:

To see things as they are and not the way you want them to be requires good vision and a reasonable intellect. Actually, it is better if we have no intellect working at all. This test will illustrate what it takes to be a success using a Zen approach to the market.

Start with the vision test. Keep this page at a reasonable distance from your nose. Now read aloud the following numbers:


27 28 29


Did you say twenty-seven, twenty-eight, and twenty-nine? Brilliant! Youíve passed the second-hardest part of doing well in the market.

Now for the hardest part. Look again at the numbers and say out loud the number that is the highest. Now say the lowest. Which number is between both numbers?

Did you say that twenty-seven was the lowest and that twenty-nine was the
highest? If you also said that twenty-eight was in the middle, then youíve passed the test with flying colors! You are on your way to being very successful in the markets. You may be laughing, but I am dead serious. If it really is that simple to recognize what the market is saying at all times, why do you have to complicate it?


EXCELLENT!!

THANKS FOR SHARING.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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ra555
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my first post

Postby ra555 » Mon Nov 10, 2008 7:01 pm

Dear tro;

How is everything with you?!

first I've just finished reading the "never lose again" thread on babypips, and I'd like to tell you that you really changed my view to forex and trading in a whole, I have an experience of 4 years in markets including stocks, indices, and forex. I can't believe all these years I have been trading history instead of trading current price actions, I feel as if I have a new mind, it is hard to know that all what you have been taught is not the reality, but it is also good to know what is real and start from there !

to be honest with you I have just started trading your phenomenal method on demo account, and so far I feel as if I really know what is really going on the market tick by tick, although I am looking at 5min. chart, 1 hour chart, and 1 day chart, but I am looking at the current price (the tick) and not the history.

I really got mad because they banned you from babypips, and from all the other forms, that?s what happens to someone saying the truth, it is the "jungle" of life, well it is good that we can reach and contact you on this forum.

Thanks a gain man for everything... and god bless you...

Best regards,

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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 10, 2008 7:26 pm

Well, ra555, I would be careful reading my "pseudo zen wisdom" because, you know, it isn't STEP-BY-STEP.

But if you ignore the warning and start to SEE PRICE for yourself, then you'll be taking money on a regular recurring basis which is the point of trading.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 10, 2008 7:29 pm

Image

This is "flying by instruments".

Gray bars instead of candles. Using the "instruments" to tell me when to trade.

If you look at the HORIZONTAL LINES on the chart, you'll see the current and previous daily, weekly and monthly highs/lows. Price is either bouncing around or breaking through those levels.

You can see when price( bid/ask salmon color ) is at those levels.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 10, 2008 7:31 pm

Image

I added TRO DYNAMIC FIBS SR just in case you couldn't SEE.

NOW CAN YOU SEE?

Look at the gauges. Do you SEE PRICE is below the market opens? What is that telling you? Which way do you want to trade - long or short? Whoops, I left the training wheels indicator on there. I gave away the answer...LOL!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 10, 2008 7:51 pm

Image

It just made sense to add weekly and monthly open prices to the gauge.

PRICE just dropped, too. Which way were you trading?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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