ProchargedMopar's Trading Trilogy

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TheRumpledOne
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Postby TheRumpledOne » Wed May 06, 2009 6:37 pm

ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

TRADING IS SIMPLE.

There is an entire industry built around making you think it is complicated.

All you need is a HORIZONTAL LINE on your chart to be a profitable trader.

I bet you doubt me, don't you?

Go long when the price moves UP to a price ends in 00, 25, 50 or 75.

Go short when the price moves DOWN to a price ends in 00, 25, 50 or 75.

IT IS THAT SIMPLE!!

Look at the chart and see how many pips you can make when you trade with the H1 candle color.

Pick ANY candle on the H1 chart.

1) identify the color.

2) let the candle close

3) if the next candle is NOT the same color then:

if the current candle is GREEN go LONG at the FIRST line it approaches

if the current candle is RED go SHORT at the FIRST line it approaches

When to exit? Usually, when price stalls.

Stop loss? If price crosses the previous candle's midpoint.

Does that help?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Wed May 06, 2009 6:38 pm

So simple.

If H1 candle closes green then on next red candle go SHORT at the line.

If H1 candle closes red then on next green candle go LONG at the line.


Be patient. Don't rush the trade.

Don't be greedy and you can rack up the pips.
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 rowdy » Wed May 06, 2009 10:29 pm

Thanks TRO. You and MO are spoiling me :) :)
All I need is Supply and Demand

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Postby blubbb » Thu May 07, 2009 11:32 am

I had a great idea. This version of the indicator tells you (audible) how many pips you are away from the next psych line. You don't even have to have your eyes open! It's better than a parking assistant. It's like landing a big airliner! Put the .wav files into the "sounds" folder.

Also added the "previous bar" rule (which I forgot first).

EDIT: NEWEST VERSION SHOULD WORK WITH 3/5 DIGIT BROKERS.
Attachments
Blubbb_Psych_Alert.zip
(163.54 KiB) Downloaded 65 times
Female_voice.zip
(171.04 KiB) Downloaded 62 times
Last edited by blubbb on Thu May 07, 2009 3:06 pm, edited 2 times in total.

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rowdy
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Postby rowdy » Thu May 07, 2009 11:44 am

TheRumpledOne wrote:ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

TRADING IS SIMPLE.

There is an entire industry built around making you think it is complicated.

All you need is a HORIZONTAL LINE on your chart to be a profitable trader.

I bet you doubt me, don't you?

Go long when the price moves UP to a price ends in 00, 25, 50 or 75.

Go short when the price moves DOWN to a price ends in 00, 25, 50 or 75.

IT IS THAT SIMPLE!!

Look at the chart and see how many pips you can make when you trade with the H1 candle color.

Pick ANY candle on the H1 chart.

1) identify the color.

2) let the candle close

3) if the next candle is NOT the same color then:

if the current candle is GREEN go LONG at the FIRST line it approaches

if the current candle is RED go SHORT at the FIRST line it approaches

When to exit? Usually, when price stalls.

Stop loss? If price crosses the previous candle's midpoint.

Does that help?


For anyone trying this, I noticed something last night. If you are using Sweetspotsgold the sublevel setting of 25 works fine for a 4 digit broker like Alpari but I am using MBTrading. If you are using MBTrading or any other 5 digit broker, then you need to increase the sublevels setting to 250.

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oldmangeezer
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SweetSpot

Postby oldmangeezer » Thu May 07, 2009 2:20 pm

Also,

5 Digit Brokers

NumLinesAboveBelow change from 100 to 1000
SweetSpotMainLevels change from 100 to 1000

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razorboy
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Postby razorboy » Thu May 07, 2009 3:29 pm

Question for you TRO

When playing this approach, why not just use a standard 25 pip SL? and then reverse when you get stopped out at the next psych level. I suspect that getting caught for full stops on both ends of the trade is probably rather rare (as I may be doing right now)

Am experimenting with this right now on the EuroYen right now

TheRumpledOne wrote:ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

TRADING IS SIMPLE.

There is an entire industry built around making you think it is complicated.

All you need is a HORIZONTAL LINE on your chart to be a profitable trader.

I bet you doubt me, don't you?

Go long when the price moves UP to a price ends in 00, 25, 50 or 75.

Go short when the price moves DOWN to a price ends in 00, 25, 50 or 75.

IT IS THAT SIMPLE!!

Look at the chart and see how many pips you can make when you trade with the H1 candle color.

Pick ANY candle on the H1 chart.

1) identify the color.

2) let the candle close

3) if the next candle is NOT the same color then:

if the current candle is GREEN go LONG at the FIRST line it approaches

if the current candle is RED go SHORT at the FIRST line it approaches

When to exit? Usually, when price stalls.

Stop loss? If price crosses the previous candle's midpoint.

Does that help?
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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TheRumpledOne
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Postby TheRumpledOne » Thu May 07, 2009 3:37 pm

Razor:

Load the risk/reward indicator and plug in those numbers. Post the chart and tell me what you see.
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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prochargedmopar
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Postby prochargedmopar » Thu May 07, 2009 3:43 pm

Today was a TEST as I was only $7 from having the Thankyou fund money.....
Result-------FAILED!
+24.6
Account up 6.05%

I concentrated all night on what I would do if I had a losing trade.
The market went CRAZY and whipped 50 pips in 3 sec.
Stopped out/slipped stop.
I decided to grab some pips back.....errrrrrrrrr
I was down 40 pips total TWICE.
Hmmmmmmmm.

Last rule of thumb: check for news every hr BEFORE Trading.

Look at this.

10795346 EUR/JPY 20 B 132.990 132.993 0.3 0.61 0.00 5/7/2009 09:55 5/7/2009 09:55
10795098 EUR/JPY 20 B 133.041 133.043 0.2 0.40 0.00 5/7/2009 09:53 5/7/2009 09:53
10788472 EUR/JPY 20 B 133.031 133.070 3.9 7.84 0.00 5/7/2009 08:51 5/7/2009 08:51
10787395 EUR/JPY 20 B 132.680 132.958 27.8 55.97 0.00 5/7/2009 08:45 5/7/2009 08:48
10786917 EUR/JPY 20 B 132.620 132.958 33.8 68.05 0.00 5/7/2009 08:43 5/7/2009 08:48
10786884 EUR/JPY 20 S 132.541 132.703 -16.2 -32.58 0.00 5/7/2009 08:43 5/7/2009 08:43
10786489 EUR/JPY 20 B 132.707 132.549 -15.8 -31.79 0.00 5/7/2009 08:41 5/7/2009 08:43
10786347 EUR/JPY 20 B 132.470 132.573 10.3 20.71 0.00 5/7/2009 08:40 5/7/2009 08:41
10786253 EUR/JPY 20 B 132.464 132.470 0.6 1.21 0.00 5/7/2009 08:39 5/7/2009 08:39
10786174 EUR/JPY 20 B 132.478 132.373 -10.5 -21.11 0.00 5/7/2009 08:38 5/7/2009 08:38
10786114 EUR/JPY 20 B 132.445 132.473 2.8 5.63 0.00 5/7/2009 08:38 5/7/2009 08:38
10786055 EUR/JPY 20 B 132.466 132.407 -5.9 -11.87 0.00 5/7/2009 08:38 5/7/2009 08:38
10785797 EUR/JPY 20 S 132.446 132.340 10.6 21.30 0.00 5/7/2009 08:37 5/7/2009 08:37
10785662 EUR/JPY 20 B 132.281 132.546 26.5 53.22 0.00 5/7/2009 08:36 5/7/2009 08:37
10785605 EUR/JPY 20 S 132.168 132.069 9.9 19.90 0.00 5/7/2009 08:36 5/7/2009 08:36
10785466 EUR/JPY 20 B 132.678 132.520 -15.8 -31.78 0.00 5/7/2009 08:35 5/7/2009 08:35
10785031 EUR/JPY 20 B 132.689 132.476 -21.3 -42.85 0.00 5/7/2009 08:30 5/7/2009 08:34
10784749 EUR/JPY 20 B 132.545 132.595 5 10.07 0.00 5/7/2009 08:24 5/7/2009 08:26
10784575 EUR/JPY 20 S 132.573 132.532 4.1 8.25 0.00 5/7/2009 08:22 5/7/2009 08:24
10784182 EUR/JPY 20 B 132.773 132.611 -16.2 -32.62 0.00 5/7/2009 08:15 5/7/2009 08:22
10783145 EUR/JPY 20 B 132.580 132.673 9.3 18.73 0.00 5/7/2009 07:59 5/7/2009 08:11
10783075 EUR/JPY 20 S 132.543 132.636 -9.3 -18.74 0.00 5/7/2009 07:58 5/7/2009 08:00
10782235 EUR/JPY 20 B 132.708 132.546 -16.2 -32.63 0.00 5/7/2009 07:50 5/7/2009 07:58
10782007 EUR/JPY 20 B 132.531 132.598 6.7 13.49 0.00 5/7/2009 07:48 5/7/2009 07:49
Total 480 24.6 49.41
Last edited by prochargedmopar on Thu May 07, 2009 4:01 pm, edited 1 time in total.
#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

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prochargedmopar
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Postby prochargedmopar » Thu May 07, 2009 3:50 pm

TRO Thankyou, Gracias, gratuity fund $492.68 + $49.41 =
Target Hit $500

PAID IN FULL!!!!!!!!!!!!!
#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

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