Never Lose Again

[nonibadsha]

Hi Guys,

I'm new here and looking if TRO and team can help me "see"
Prior I was aware of TRO.. But I always thought he just modified Indicators. lol.....

Why did you think that?

This was very early on, when I first started looking at trading.. back in 2015.
I saw indicators from you but never really researched you or saw your Youtube videos until recently.
Its only that I started looking at the HOLO thread on FF that I realised.

[BambinoFlex]

I was sharing some information with kiwi, and I felt pretty good at how I explained it so I wanted to share one of the pillars in my trading faith. Courtesy of TRO, who posted in Forex-Station, and I think a day or two after I created my account, I ran across his post and I saw the light...and never turned back.

So ONLY THREE Possibilities Exist, regardless of Timeframe.

1. Price makes a new high OR a new Low
2. Price makes BOTH a new high AND a new low - - AKA outside bar/engulfing bar
3. Price DOES NOT make a new high AND a new low - - AKA inside bar

Here is what I shared with Kiwi (copy and paste) - Decided on multiple posts to offer bite size portions

Here is the data regarding monthly Inside Bars. Don't get confused though, Monthly inside bars didn't happen 25% of the time, they happened 14% (the red shows you how many months out of 100 14/100).. The first number simply filtered the first input.

PriceAnalyzer.png (25.99 KiB) Viewed 38055 times

[BambinoFlex]

12 out of 100 months. 12%...for outside/engulfing bars

Engulfing.png (27.06 KiB) Viewed 38055 times

The way you interpret the information is different but using similar numbers for the Daily Chart making an Outside Bar....you can see why I exited my EU position once it broke the previous day low. I could hope that friday is an englufing day, but I shouldn't hope, because the numbers are against me at that point.

[BambinoFlex]

These are the numbers for "normal" bars (new high or new low). This is where you have to do some mental juggling...So we know that in the last 100 days, 12 had both high and low sweeped, we need to deduct that from the first number. So Highs sweeped = 44-12 = 32 days. For lows = 52-12=40 so 40 days had their lows sweeped. Now we add both scenarios = 32 + 40 = 72 days. 72 days that encountered "normal" price action out of 100 days. So 72%. That's a huge edge. Trading it is the "game". To make sure our numbers are right we just add all three possible scenarios = 72+14(IB)+12(OB) = 98 days. We're missing 2 days, which could be 1. I did the math wrong, or 2. There were only 2 months where the low or high was exactly EQUAL to previous low or high. This is where you can change the "greater than" to "Equal" I just did that and here it is

regularbars.png (27.64 KiB) Viewed 38052 times

equals.png (6.59 KiB) Viewed 38052 times

2 days had equal lows. So we are now at 100 days.
Thank you for coming to my TED talk

[BambinoFlex]

For those that use the price analyzer, hopefully it helped as well. Sometimes you need to interpret and create a full picture of what you're trying to see.

Sorry for using the Monthly EURCAD, I could have used a different pair and used the Daily as an example. But Follow the same format and simply change Monthly to Daily.

The numbers are very similar and the fact remains that only those three possibilities exists. The equal low falls in regular price action for me so don't argue that there's a fourth possibility (equal high or equal low) it's insignificant.

[clarke34]

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[TheRumpledOne]

https://www.verywellmind.com/what-is-th ... re-5176202

[TheRumpledOne]

"My own motto is: control your mind – control your future. Doing so
requires constant vigilance. You have to own your life. If you don’t own it,
you are not the boss. You have to take full responsibility for everything that
you do.

You must be the master of your own kingdom. You can’t walk through life
with your eyes half shut. You have to walk through life with your eyes fully
open. You have to know what you are getting into – be prepared. You have
to take possession of your life.

This is a thought process you have to constantly reaffirm. Our minds tend to
drift. There are so many distractions in life, so much superficial noise that
doesn’t bring substance but that our brains are attracted to nonetheless. The
brain would rather look at Facebook and YouTube than sit in quiet
contemplation."
- Tom Hougaard

[TheRumpledOne]

"A trader is losing and continues to lose because he doesn’t want to change."

- Tom Hougaard

[kiwiarian]

"A trader is losing and continues to lose because he doesn’t want to change."

- Tom Hougaard

simple and powerful and true.