NEVER LOSE AGAIN!! TheRumpledOne

[JTrader]

TRO

earlier this year your buyzone bought/sold on a line 4 (?) pips from the houly open price. why have you changed it to lines drawn at 00 25 50 75, did the hourly open + or - 4 pips stop working or something?

 

[TheRumpledOne]

TRO

earlier this year your buyzone bought/sold on a line 4 (?) pips from the houly open price. why have you changed it to lines drawn at 00 25 50 75, did the hourly open + or - 4 pips stop working or something?

You have made an INCORRECT ASSUMPTION that I changed the Buy Zone. I did NOT change the Buy Zone. The Buy Zone still works just fine.

The HORIZONTAL LINES at the 00, 25, 50 and 75 psychological price levels are a different set of triggers.

Just like trading the reversals after 3 like colored H1 candles in a row is a different set of triggers.

 

[miracletech]

Maybe the author's system could be profitable, maybe not. Maybe you could make moeny with it in the long run if you practiced good discipline & money management. I couldn't say without quite a bit of study.
But if you believe that a system exists that guarantees you will never lose again, why not buy my system? Not only will I guarantee that you will Never Lose Again, but you will at least double your money in the first week, and every week thereafter. Furthermore with your newfound success I guarantee your mate will find you infinitely more attractive.

To order my Guaranteed system, please send send $9999.99 (cash only) to:
MiracleTech
PO Box 127
Cayman Islands

or visit my blog TuffTrade- Day Trade Smart

 

[TheRumpledOne]

WHAT A GREAT SHORT AT 0.6650

YOU CAN DO THIS ALL DAY AND ALL NIGHT.

SEE GREEN CANDLE.

SEE GREEN CANDLE AT HORIZONTAL LINE AT 0.6525

GO LONG AT 0.6525.

SEE PROFIT.

SEE RED CANDLE.

SEE RED CANDLE AT HORIZONTAL LINE AT 0.6650

GO SHORT AT 0.6650

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!!

 

[TheRumpledOne]

Maybe the author's system could be profitable, maybe not. Maybe you could make moeny with it in the long run if you practiced good discipline & money management. I couldn't say without quite a bit of study.
But if you believe that a system exists that guarantees you will never lose again, why not buy my system? Not only will I guarantee that you will Never Lose Again, but you will at least double your money in the first week, and every week thereafter. Furthermore with your newfound success I guarantee your mate will find you infinitely more attractive.

To order my Guaranteed system, please send send $9999.99 (cash only) to:
MiracleTech
PO Box 127
Cayman Islands

or visit my blog TuffTrade- Day Trade Smart

THERE IS NO "MAYBE"!!

I agree, money management is key and that's why I wrote the TRO DRAGON MONEY MANAGEMENT INDICATOR which, by the way, you can download for FREE!!

 

[TheRumpledOne]

Looking to see if there could be an "edge" in know if an hour bar has a tendency to be RED or GREEN

 

[TheRumpledOne]

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.

You can do this with 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.

Pick ANY candle on the 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?

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.

Let me answer the WHIPSAW protester before they even get started.

Of course, there will be price action around the x.00 and x.50 levels. That's what we are looking for and that's the reason we trade with the color of the H1 candle rather than the M1 candle ( M1 chart above ).

Just use a little risk management and money management.

Practice with 1 minilot or 0.1 minilot until you get the hang of it.

One of the things you want in trading is an "edge".

You are NOT going to win every trade.

So you want something that gives you a edge.

Casinos have edge in the range of 0.55 - 2%. That's all they need.

My statistics show this edge is much higher.

Choppy days? I love choppy days. So long as the average hourly range is over 25, that's all the edge I need. THINK ABOUT IT!!

You can look for situations where this doesn't work...

-OR-

You can wait for the setup and walk away with a handful of pips.

IT'S ALL UP TO YOU!

The best trade is waiting for the reversal.

When to get out? If you have profit, get out when you want to. You can always exit part of your position. Move stop up to breakeven and let the rest ride!

Once again, the color of the previous candle makes no difference. YOU TRADE WITH THE CURRENT CANDLE COLOR. It is that simple. Don't make this simple trading method complicated.

Once again, waiting for a reversal is the "safe" trade.

You must trade in the moment. The past is over!

All that matters is what price is doing now!!

What would you do if all you had on your chart was the current candle?

If the current candle is green would you short?

If the current candle is red would you buy?

Does this make it clearer?

This is a safe trade for the new trader.

But, whether or not you use the previous candle to decide if you are going to trade the current candle, YOU MUST FOCUS ON THE CURRENT CANDLE TO DECIDE WHICH WAY TO TRADE.

 

[chilltrader]

"Pick ANY candle on the chart.
1) identify the color.
2) let the candle close
3) if the next candle is NOT the same color then:"

----

"Once again, the color of the previous candle makes no difference."

Contrary ????

 

[chilltrader]

Pick ANY candle on the chart. ---> Which TF? H1?

1) identify the color.

2) let the candle close -----------> ok... 1Hr candle closes, I'm looking at the 1hr chart yeah.

3) if the next candle is NOT the same color then: ------> next candle of which TF? 1min or 80 ticks? or x min? or x hr??? probably 1min right? which means I need to have another screen/chart open
which gives me the 1min chart as price moves after.. so we are comparing the colour of the last 1hr
TF to the current 1min bar?

TRO - you might be a genius at programming but really rubbish at explaining things. Too ambigious!!

No offence!

 

[IngvarDagmar]

Pick ANY candle on the chart. ---> Which TF? H1?

1) identify the color.

2) let the candle close -----------> ok... 1Hr candle closes, I'm looking at the 1hr chart yeah.

3) if the next candle is NOT the same color then: ------> next candle of which TF? 1min or 80 ticks? or x min? or x hr??? probably 1min right? which means I need to have another screen/chart open
which gives me the 1min chart as price moves after.. so we are comparing the colour of the last 1hr
TF to the current 1min bar?

TRO - you might be a genius at programming but really rubbish at explaining things. Too ambigious!!

No offence!

I can understand.

TRO is talking about H1 chart. No other chart or time frame talked about.

Current candle is either red or green.

Wait for current candle to close.

If new H1 candle is different from H1 candle that just closed then you enter the trade at the first horizontal line ending in 00, 25, 50 or 75.

That is easy to understand.

You need to read what you see. Other time frames never mentioned in instructions. You are confusing yourself. You should apologize. If you don't understand then be nice, don't be mean.

 

[UKtradergirl]

So if the previous candle is green, and this new one is currently red- does that mean you are looking for a short trade? And if the candle is the same as the last one (i.e. both green) then don't enter any trade?

As i understood it, it didn't matter about the previous candle, only the one currently forming.

Another thing that i don't get is why the numbers 00,25,50,75? Surely if anything these numbers could act as areas of support and resistance, not numbers where price action goes through and keeps going.

 

[IngvarDagmar]

So if the previous candle is green, and this new one is currently red- does that mean you are looking for a short trade? And if the candle is the same as the last one (i.e. both green) then don't enter any trade?

As i understood it, it didn't matter about the previous candle, only the one currently forming.

Another thing that i don't get is why the numbers 00,25,50,75? Surely if anything these numbers could act as areas of support and resistance, not numbers where price action goes through and keeps going.

There are two types of trades here, one is horizontal line trade and the other is wait for 3 or more bars in a row trade. The horizontal line trade can be taken every hour. The 00,25,50,75 numbers are psychological numbers but I saw TRO use random numbers and win every trade on another forum. The reversal short trade is taken after you see 3 or more green H1 candles in a row. The reversal long trade is taken after you see 3 or more red H1 candles in a row.

The closed candle doesn't matter only the open candle. The closed candles are only considered when looking to see if a reversal trade is more likely to happen.

The currencies have hourly ranges exceeding 25 pips so a line has to be crossed, that's just physics or geometry. If price opens at 1.5013 and the hourly range is over 25, then either 1.5000 or 1.5025 or both is going to be penetrated. That's the sheer genuis of TRO's madness.

 

[UKtradergirl]

But you said this in a previous post:

"If new H1 candle is different from H1 candle that just closed then you enter the trade at the first horizontal line ending in 00, 25, 50 or 75."

I think a lot of the misunderstandings and problems in this board are due to the mixture of several strategies at once. It's incredibly hard to figure out what is going on where. I have spent a fair amount of time reading through the thread, and others elsewhere.. and have spoken to TRO in chat. Whilst very helpful and clarifying a lot of things, i'm still rather confused.

It would be great if we could unpick all the ideas that are here and put them into some kind of logical list/order with their corresponding rules. With all respect, TRO may be a brilliant programmer and even a genius trader (or not), but he isn't good at explaining things.

Back to the point. So.. the trade involving the horizontal lines-- does not rely on the previous candle, right? So your comment i quoted above is wrong?

 

[TheRumpledOne]

Tradergirl... I thought I had cleared things up for you?

Let's look at the horizontal line trade at the 00,25,50,75.

See the last candle?

It opened between 97.250 and 97.000

When price was 97.000 the candle was RED.

Had you gone SHORT, you could have made money.

That's all there is to it.

Nothing more.

SEE RED.

SEE RED AT 97.000

GO SHORT AT 97.000

TAKE PROFIT.

It's that simple.

 

[TheRumpledOne]

Here's another example.

Price opened betwen 1.19000 and 1.19250.

The candle was GREEN at 1.19250.

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 1.19250

GO LONG AT 1.19250

TAKE PROFIT.

 

[UKtradergirl]

Tradergirl... I thought I had cleared things up for you?


.

You did clear things up.

Other people are confusing me now- not you.

But it's all clear now. I'm just sticking to the two ideas of yours that you explained and i understand. Will test the horizontal lines one soon and let you know how i get on.

 

[TheRumpledOne]

Now, let's look at a reversal trade.

The rule is wait for 3 or more GREEN H1 candles in a row to go SHORT on the next candle.

The rule is wait for 3 or more RED H1 candles in a row to go LONG on the next candle.

Look at the last candle. The 3 candles before it were RED. That means we wait for GREEN to go LONG.

I know you see that long tail and are thinking about losses so let's look at the M5 chart with the H1 background colored in.

Had you jumped in right at the open, you could have made a quick scalp.

The next M5 candle was RED which means you should NOT BE LONG.

Later during that hour, PRICE turned the H1 candle GREEN again and you can enter.

Now, if you are an experienced trader, you could have gone long on the GREEN M5 candle at 1.55000 or go with the price flow at 1.54750.

The main point to see is:

TRADING AT THE HORIZONTAL LINE IN THE DIRECTION PRICE IS MOVING USUALLY GIVES YOU AN OPPORTUNITY TO TAKE PROFIT.

Now, look back... see 3 GREEN candles in a row. What happened next? REVERSAL! Look back a little a little further. Do you see 3 GREEN candles in a row? What happened next? REVERSAL! Are you starting to see a pattern?

THIS IS SIMPLE.

DO NOT COMPLICATE IT.

 

[chilltrader]

I'm not the only one who is confused here. So please save yourself the patronising.

I can understand.

TRO is talking about H1 chart. No other chart or time frame talked about.

Current candle is either red or green.

Wait for current candle to close.

If new H1 candle is different from H1 candle that just closed then you enter the trade at the first horizontal line ending in 00, 25, 50 or 75.

That is easy to understand.

You need to read what you see. Other time frames never mentioned in instructions. You are confusing yourself. You should apologize. If you don't understand then be nice, don't be mean.

 

[TheRumpledOne]

chilltrader:

If you have a question, please feel free to ask politely.

That's all that is necessary to do.

Now, what EXACTLY are you confused about?

I just posted examples of the HORIZONTAL LINE trade and the REVERSAL trade.

Is there something in those examples that you do NOT understand?

 

[TheRumpledOne]

But you said this in a previous post:

"If new H1 candle is different from H1 candle that just closed then you enter the trade at the first horizontal line ending in 00, 25, 50 or 75."

I think a lot of the misunderstandings and problems in this board are due to the mixture of several strategies at once. It's incredibly hard to figure out what is going on where. I have spent a fair amount of time reading through the thread, and others elsewhere.. and have spoken to TRO in chat. Whilst very helpful and clarifying a lot of things, i'm still rather confused.

It would be great if we could unpick all the ideas that are here and put them into some kind of logical list/order with their corresponding rules. With all respect, TRO may be a brilliant programmer and even a genius trader (or not), but he isn't good at explaining things.

Back to the point. So.. the trade involving the horizontal lines-- does not rely on the previous candle, right? So your comment i quoted above is wrong?

Tradergirl, if SOME PEOPLE understand but others don't is it really the teacher's fault? It doesn't matter!! It's up to the student to ask questions and study/practice the lessons to understand.

So either you want to LEARN or you want to CRITICIZE. It's easier to do one than it is to do both.

Learning will result in PROFIT. Isn't PROFIT what you're really after?