All you need to trade is a horizontal line - TheRumpledOne

TheRumpledOne

TheRumpledOne

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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?

AAPL computer closed at $162.00 today.

Put a HORIZONTAL LINE AT $162.50 , if the price of AAPL moves up to that line, BUY.

Put a HORIZONTAL LINE AT $161.50 , if the price of AAPL moves down to that line, SELL SHORT.

IT IS THAT SIMPLE!!

You can do this with other stocks, currencies, futures, etc.

Oh when to take profits? Where to place stops? Just DON'T BE GREEDY and use COMMON SENSE! Learn some money management.

My BUY ZONE strategy is based on HORIZONTAL LINES. Check it out.. IT'S FREE!
 
TheRumpledOne said:
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?

AAPL computer closed at $162.00 today.

Put a HORIZONTAL LINE AT $162.50 , if the price of AAPL moves up to that line, BUY.

Put a HORIZONTAL LINE AT $161.50 , if the price of AAPL moves down to that line, SELL SHORT.

IT IS THAT SIMPLE!!

You can do this with other stocks, currencies, futures, etc.

Oh when to take profits? Where to place stops? Just DON'T BE GREEDY and use COMMON SENSE! Learn some money management.

My BUY ZONE strategy is based on HORIZONTAL LINES. Check it out.. IT'S FREE!
Click to expand...

OK FTSE closed at 5902 last night. I set up horiz lines +/- 10pnts. So if I sold at 5892 this morning then bought at 5912 a little later - where does that leave me now...??

Define "COMMON SENSE" please..... How would I have made a profit today under your system?
 
Hoggums said:
OK FTSE closed at 5902 last night. I set up horiz lines +/- 10pnts. So if I sold at 5892 this morning then bought at 5912 a little later - where does that leave me now...??

Define "COMMON SENSE" please..... How would I have made a profit today under your system?
Click to expand...

It is NOT THAT EASY, I suppose ;)
 
Hoggums said:
OK FTSE closed at 5902 last night. I set up horiz lines +/- 10pnts. So if I sold at 5892 this morning then bought at 5912 a little later - where does that leave me now...??

Define "COMMON SENSE" please..... How would I have made a profit today under your system?
Click to expand...

I think that you should have made a profit on that short by moving your stop down. There was a good profit there. It's like Steve says on the "3 kings" thread. Some of us let the market take the profits back, again. Then, if you'd bought 10 points above the low, you'd be in business.

All hindsight, of course. :smart:

Split
 
Hoggums said:
OK FTSE closed at 5902 last night. I set up horiz lines +/- 10pnts. So if I sold at 5892 this morning then bought at 5912 a little later - where does that leave me now...??

Define "COMMON SENSE" please..... How would I have made a profit today under your system?
Click to expand...

well keeping it pegged to the opening example I make it


5920 BUY

5902 close

5884 SELL


Based on .30% of close rounded as buy/sell lines.

How does that pan out any good ? :) I suppose the opposite lines are the stops ? Sure this type of break out has been tested beyond detruction already ... (y)
 
TheRumpledOne said:
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?

AAPL computer closed at $162.00 today.

Put a HORIZONTAL LINE AT $162.50 , if the price of AAPL moves up to that line, BUY.

Put a HORIZONTAL LINE AT $161.50 , if the price of AAPL moves down to that line, SELL SHORT.

IT IS THAT SIMPLE!!

You can do this with other stocks, currencies, futures, etc.

Oh when to take profits? Where to place stops? Just DON'T BE GREEDY and use COMMON SENSE! Learn some money management.

My BUY ZONE strategy is based on HORIZONTAL LINES. Check it out.. IT'S FREE!
Click to expand...


" There is an entire industry built around making you think its complicated " ...!!


THAT IS SO TRUE - !! ;)
 
Hoggums said:
OK FTSE closed at 5902 last night. I set up horiz lines +/- 10pnts. So if I sold at 5892 this morning then bought at 5912 a little later - where does that leave me now...??

Define "COMMON SENSE" please..... How would I have made a profit today under your system?
Click to expand...

TRO's basically referring to his BUYZONE strategy that usaes horizontal lines.
Overall, with correct money management there should be positive expectancy and decent profits available. Not all trades win though, and your example on the FTSE may well be one such trade that lost.
BUYZONE isn't a holy grail afterall. Nor is any strategy that I've seen.
 
I think there is only one thing missing here and that is money management. Without it you will not succeed no mtter what you do or don't do.
 
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TWI said:
I think there is only one thing missing here and that is money management. Without it you will not succeed no mtter what you do or don't do.
Click to expand...



ok we need money management rules.............tro can you kindly provide us with yours or can anyone else provide us with some idea's or a model that would work with the buyzone.......im not talking about where to set stops, im talking about how much % we risk per trade etc.


thank you,

jason
 
TWI said:
I think there is only one thing missing here and that is money management. Without it you will not succeed no mtter what you do or don't do.
Click to expand...

Very true. The buyzone as with any strat just provides an entry price/level. Managing the exit successfully is the key to whether a profit or loss will be made. Without good intra-trade managment you will lose trading the buyzone, as you will with any strategy.
 
jayjay121 said:
ok we need money management rules.............tro can you kindly provide us with yours or can anyone else provide us with some idea's or a model that would work with the buyzone.......im not talking about where to set stops, im talking about how much % we risk per trade etc.


thank you,

jason
Click to expand...

Perhaps it would be a good idea to read TRO's buyzone manual in full. 28 page pdf available at kreslik.com
 
jayjay121 said:
ok we need money management rules.............tro can you kindly provide us with yours or can anyone else provide us with some idea's or a model that would work with the buyzone.......im not talking about where to set stops, im talking about how much % we risk per trade etc.


thank you,

jason
Click to expand...


hey Jason,hope ya dont mind me jumpin in -


try the 2% - 5% rule - (but start with 2%) - as THE MAXIMUM risk/LOSS of your draw down that you are prepared to undertake on any ONE trade..!! - (adjust your stop and ticket size accordingly)..

Its a LOT easier to come back from a 2% loss than a " 25% loss or WORSE... !! - crunch the numbers -( youll see the maths is against you).


trying to make TOO MUCH money, TOO QUICKLY invariably leads to DISASTER... !!:-0


James. (y)
 
theroguetrader said:
hey Jason,hope ya dont mind me jumpin in -


try the 2% - 5% rule - (but start with 2%) - as THE MAXIMUM risk/LOSS of your draw down that you are prepared to undertake on any ONE trade..!! - (adjust your stop and ticket size accordingly)..

Its a LOT easier to come back from a 2% loss than a " 25% loss or WORSE... !! - crunch the numbers -( youll see the maths is against you).


trying to make TOO MUCH money, TOO QUICKLY invariably leads to DISASTER... !!:-0


James. (y)
Click to expand...

:eek:

Actually, I suggest starting with 1% cap risk per trade. If you get good at this - consider upping the risk to a MAXIMUM OF 2%. Anything above 2% is getting into the reckless territory IMO.
 
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