Never Lose Again

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xmess7
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Postby xmess7 » Wed Nov 12, 2008 5:10 pm

Shane:
Man don't give up! I am using your indi (SP_openline) and getting pips with it! And now you giving up? :)

One observation on the trade posted.

I would not of taken the trade in that fashion. If you look at the candles that were forming before price crossed that H1 open line they were bunched up. They were more like in a waiting state. Now since price was headed down that meant to me that I needed to wait for price to breakdown from the support. So it was a setup for a short.

Hang in there... show us some more charts before you make the trade and lets see if we can help ya a bit. Remember in the end it is YOU that has to SEE it.

Peace
Jess

Shane wrote:OK, I've had it....Obviously Dragon is using something more than what has been described in the threads - previous trading experience perhaps?

I am getting too many losing trades using this indicator...

Take this one that just happened for example:
Image

Price went up from support and crossed the alert line - I waited until the price crossed the hour open - both hour and day were pointing up. Entered 1 pip past the hour open line - then bang straight down the gurgler.

I give up :x

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Al Mo
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Hey Shane, try this....

Postby Al Mo » Wed Nov 12, 2008 8:56 pm

Shane wrote:OK, I've had it....Obviously Dragon is using something more than what has been described in the threads - previous trading experience perhaps?

I am getting too many losing trades using this indicator...

Take this one that just happened for example:
Image

Price went up from support and crossed the alert line - I waited until the price crossed the hour open - both hour and day were pointing up. Entered 1 pip past the hour open line - then bang straight down the gurgler.

I give up :x



Your trade would have been successful if you had at least 1 red dot when you chose to go long. Yes , the blue dots did flatten out, and that is a clue to watch for rising highs/rising lows. You only got rising highs in your case, while the lows remained intact. You WILL miss the tops and bottoms doing it this way, but you should see an improvement in your trades , overall.

Hope that helps,

Al Mo

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 12, 2008 10:27 pm

Just to be CLEAR... THERE IS NOT ONE PARTICULAR METHOD IN THIS THREAD.

There are many.

The idea is to get you to SEE what PRICE is doing.

So long as you can identify which way PRICE IS MOVING, you will profit. Do NOT THINK which way it will move. Focus on which way it IS moving.

There are breakout methods, bounce methods, statistical methods, random line methods, psychological line methods, etc... something for everyone. What the methods have in common is that you must SEE what PRICE is doing BEFORE you enter the trade.

We know from statistics that after 3 like colored candles in a row, price is more likely to reverse but yesterday, USDCHF had 12 green candles in a row. ALL YOU HAD TO DO WAS LOOK AND SEE PRICE WAS GOING UP, UP, UP!!

Remember, methods and indicators only tell you what is likely to happen. It is up to YOU to SEE what IS HAPPENING.

If you are new, I suggest you use the HORIZONTAL LINES at the PSYCHOLOGICAL price levels on a H1 chart. You should be able to SEE which way price is moving when it hits the line and trade accordingly. Once you master that, you can explore other methods, but you may not want to because of the profit you are making.

I hope that clears things up.
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Postby TheRumpledOne » Wed Nov 12, 2008 10:48 pm

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!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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xmess7
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Postby xmess7 » Wed Nov 12, 2008 11:10 pm

Nothing but simplicity. To bad "professionals" just don't get it.
Hmmm, maybe not? Cause if they are messing up don't we get some of those PIPS too?? LOL... Just Joking.!!!
Jess


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!!

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 12, 2008 11:35 pm

http://www.trade2win.com/boards/equitie ... ne-10.html

http://www.traderslaboratory.com/forums ... 859-4.html

I have come under attack at Trade2Win and at TradersLaboratory. I would appreciate it if you posted a chart there showing how you are making pips using these methods.

Thanks.
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Postby TheRumpledOne » Wed Nov 12, 2008 11:44 pm

Image

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6375

GO LONG.

SEE PROFIT.

DO YOU SEE A PATTERN?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 13, 2008 12:22 am

Image

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6400

GO LONG.

SEE PROFIT.

YOU DO NOT NEED 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.

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Postby pierre23 » Thu Nov 13, 2008 12:30 am

Image
Just trading on the lines IN the direction of CANDLE COLOUR. Quick 43pips in less than 10mins.

Tro, in regard to the training wheels, in what condition will it turn from "wait" to "only trade long" or "only trade short"? The trade I took just then it indicated "wait" but I could see price was going up so took the trade anyway.

Is the training wheels based on the buzzard strategy? So after 3 consecutive colours it will change to trade only long/short?

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Postby TheRumpledOne » Thu Nov 13, 2008 12:54 am

Image

Price is UP since Tokyo and Sydney markets opened.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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