NEVER LOSE AGAIN!! TheRumpledOne

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1) price within 20 pips of the daily low - that is OPPORTUNITY
 
viennatrader said:
I am always twisting my head, but in this case I really only try to understand properly!

Over the last couple of weeks while trying to understand what you are doing, I got locked in the feeling that on a down day occasionally I am catching a falling knife because no one knows when the daily low is the daily low, but on the other side the rule to buy within 20 pips of the daily low pevents me for going on board if and when the daily low is set and the market turns.

So, are those signals on my chart I´ve posted no valid entry signals except the first entry?
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A down day.... Price below the daily open price... you have to let the RED RATs eat their cheese. It becomes a waiting game. Price makes a new low on a red H1 candle. Let the candle close. The next H1 candle will test the low. Either it makes a new low or the candle turns green and price rises.

The difficult part for most traders is the waiting... Set your alarm clock for 5 minutes to the top of the hour and leave the trading room. Come back when the alarm goes off. This will keep you from trading long on a red H1 candle. If you happen to miss a good trade, so what? There will be another trade. And another after that one, too.

You are right, no one knows which low IS the low but you do know there can only be ONE LOW. So sooner or later, you are in a trade off THE low of the day.
 
TheRumpledOne said:
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Here's a simple method that if you apply it properly ( and don't load up the charts with SQUIGGLY'S ), will enable you to NEVER LOSE AGAIN!

1) Only trade if there is a 1, 2 or 3 semafor on the current or previous H1 candle. NO EXCEPTIONS.

2) After you see the semafor on the H1 chart, look at the M15 chart for the long(light blue) and short(pink) triggers based on TRO DYNAMIC FIBS SR TRAIL indicator.

3) When price touches the trigger you enter. DON'T THINK, JUST ACT!

4) Only ONE TRADE PER M15 CANDLE. If price goes against you, just wait.

5) If price went against you and makes a new dynamic sup/res level, get ready to enter at the trigger. If you can't see how this work, then DO NOT TRADE IT. I have entered up to 3 times.

6) What's the STOP LOSS? The stop loss is your maximum allowed loss per trade based on your money management.

7) What's the TAKE PROFIT? You take what you can. I usually take 5+ pips and leave more on the table.

Try this method using a micro lot or 0.1 mini lot. Trade it this way until you feel comfortable and are profitable on a consistent basis. Just trade it, AS IS, and don't add anything to it to improve it. You'll be amazed at how profitable a simple method can be.
Click to expand...

TRO,

Thanks for sharing your trading ideas with us! Very helpful.

Can you please tell me what indicators you are using in the chart above and where I would find them?

Thanks much,

Mark
 
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RESULTS.

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.


GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.
 
TheRumpledOne said:
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RESULT.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."
Click to expand...

TRO,

Could you please list what indicators are being used on this chart and where to find them?

Thanks,

Sirflyfish
 
TheRumpledOne said:
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RESULTS.
Click to expand...


TRO,

I again want to thank you for all the work you've put into this forum! It's not often that you find someone willing to help others so willingly.

Question. Would it be possible to get a TRO template of the chart and indicators above?

Thanks,

Sirflyfish - - aspiring pirate
 
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1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."
 
TheRumpledOne said:
2h8bjpc.gif


RESULTS.

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.


GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.
Click to expand...


Thank you for the reply!

Understood - at least I guess so!

So, since Green and Red Rat reversals happen all the time, statistically my odds are better if they show up within 20 pips of the daily high or low, but here again, statistically the odds are better from a new daily LOW, right?
 
TheRumpledOne said:
2ykl4y9.gif


A down day.... Price below the daily open price... you have to let the RED RATs eat their cheese. It becomes a waiting game. Price makes a new low on a red H1 candle. Let the candle close. The next H1 candle will test the low. Either it makes a new low or the candle turns green and price rises.

The difficult part for most traders is the waiting... Set your alarm clock for 5 minutes to the top of the hour and leave the trading room. Come back when the alarm goes off. This will keep you from trading long on a red H1 candle. If you happen to miss a good trade, so what? There will be another trade. And another after that one, too.

You are right, no one knows which low IS the low but you do know there can only be ONE LOW. So sooner or later, you are in a trade off THE low of the day.
Click to expand...


Once again - thanks for your time!

It seems you are lurking over my shoulders. The most difficult part is the WAITING. Over the last few weeks most of my losers came from being unpatient and trying to be smarter than the 1H candle. Once I just observed the 1H-5min-1min candles it really struck me that almost always at the end/beginning of a new hour something starts to build up and if that happens one has to be fast.
 
Why dont you just post your broker statement ? i wanna see proof

TheRumpledOne said:
NEVER LOSE AGAIN!!

My TREND INDICATOR - NEVER LOSE AGAIN!! thread was the most widely viewed thread in TradeStation history. I believe it still holds the record for the most number of views. I have decided to "revive" it again.

The bottom line is you don't have to end the day, week, month, or year in the red. You can be profitable. You may not win every trade but you will be profitable.

I know most of you have read about money management, risk management, position sizing, stops, etc... So then what are the reason(s) you are still losing? Is the market beating you? Are your stops being hunting? Or are you simply giving your money away?

When you enter the TRADING JUNGLE, you are up against the best traders in the world. They are smarter, faster, have more money, have better equipment, better access to information... better everything than you do! What makes you believe you can win? What "edge" are you bringing to the table that will allow you to take their money? Don't you know the game is "rigged" against you just like in Vegas?

What's the reason you see some currency pairs move over a 100 pips a day yet you're happy barely breaking even? What makes trading so difficult for you? What are you doing?

I know you have read about having a trading plan, haven't you? Do you have one? Come on, be honest... DO YOU REALLY HAVE A TRADING PLAN?

If you do, DO YOU REALLY TRADE ACCORDING TO YOUR PLAN? Come on now, it's time to FESS UP.

What about all those trading books, tapes, videos, and seminars? Ever wonder why there are so many? I just ONE had the answer, then wouldn't it go "viral" and everybody would be trading that method? THINK ABOUT IT.

What about all those indicators, EAs, blackboxes, trading signals and systems for sale? If one of them worked wouldn't it go "viral", too?

I have posted hundreds of FREE INDICATORS for TradeStation, eSignal and MetaTrader. Why? Because I can! I don't like seeing people pay hundreds and thousands of dollars for code, most of which, doesn't work or is way overpriced, IMHO. If you check me out, you'll see I have been banned from many forums. My FREE indicators are a THREAT to their cashflow. My free education materials also threaten their cashflow. Just do the math.

I have been accused of "renaming" indicators. Yes, I rename them AFTER I enhance them because if I post a modified version with the exact same name as the original then it gets "stepped on" and any good programmer knows better than to step on code. But I post my revised/enhanced/fixed version FOR FREE on the same site I downloaded them from. So where's the crime? Some people let their egos get in the way.

I have been accused of SPAMMING because I am an IB for MB Trading. Before I was an IB, I didn't even know what an IB was. The reason I am an IB was because when I found out that there is NO FIXED SPREAD in Forex, I immediately opened an account with EFX Group and posted about it everywhere I could. That had the effect of bringing EFX more customers. As a THANK YOU, they made me an IB. And it got me banned from sites that had FIXED SPREAD BROKERS as advertisers.

Whenever MONEY is involved, it is a DOG EAT DOG, EAT CAT TOO jungle. The sooner you learn that fact the better.

The goal of this thread is to show you how to NEVER LOSE AGAIN. Trading is simple. People traded long before there were computers and indicators. So why do you have so many computers and indicators?

Do you really know how the market operates? Or do you just know how to place an order? What have you gotten yourself into? THINK ABOUT IT!



Never Lose Again!!



TradeStation deleted the TREND INDICATOR - NEVER LOSE AGAIN thread which was the most widely viewed thread in TradeStation history. Fortunately, the thread was retrieved from the google cache.

TREND INDICATOR - NEVER LOSE AGAIN



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TREND INDICATOR - NEVER LOSE AGAIN ELD files

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TO BE CONTINUED...
Click to expand...
 
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RESULTS.

“Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden
 
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