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All you need
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All you need

  #411 (permalink)
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cunparis View Post
Can you explain how? Show a few examples of your trades?


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I look at the hourly candle color.

I look at where price is in relation to the daily and weekly low. If price is within 20 pips of the daily low, then I look for price to be reversing off the low and go long.

The candle color meter in the top right shows me the candle colors on all MT4 chart periods.

The control meter tells me who is in control - buyers, sellers, no one.

The row of dots are fib retracements of last week's high/low.

The red/blue horizontal lines are the H1 high/low for each of the last 24 H1 bars.

HiOp = high - open

OpLo = open - low

Those numbers tell me the extremes that price has made. After a threshold is reached, I know to start looking for a reversal.

ClOp = close - open

HiCl = high - close

ClLo = close - low.

Those numbers tell me EXACTLY where price is in real time.

I only trade long.

The rat does not beat me.

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  #412 (permalink)
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Sometimes to help pinpoint my entries, I will use a 5 minute chart with horizontal lines every 10 pips. I think of those sections as stairs. Price will either walk up or down the stairs. Sometimes, price will run up or down...LOL! Price will not stay on a stair forever - it will move up or down. Think of Darvas Boxes but it's not exactly the same.

When price moves up to a line, I will go long. I never go short.

The rat does not beat me.

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  #413 (permalink)
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An entry within 20 pips of the daily low paid off 10 or more pips.

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  #414 (permalink)
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This trade now worth 20 or more pips.

It is very simple.

Only trade in one direction, long or short, FOREVER!!

If you are long, you will never be short and have the price run up against you. You will take some losses of 10 pips every now and then. When the big run up happens, you'll be long!! This is how to make the BLACK SWAN work FOR YOU rather than AGAINST YOU. You are protected against the price going down while you are long.

There are only 3 results when you trade this way:

1) You are flat - there wasn't an entry

2) You went long and got stopped out for 10 pips.

3) You are long and you make a profit that has "unlimited" upside.

Before someone asks what the TP is, THERE IS NONE!! If you preset your TP then the BLACK SWAN can not work for you!! You learn to scale out of your position. The R:R should be higher than 1:1 if you trade smart.

Now, do not let the rat beat you.

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  #415 (permalink)
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If you are long, then either you'll get stopped out for 10 pips and reenter at a lower price OR sooner or later you'll catch the run up.

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  #416 (permalink)
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Rollover day

Just one trade this morning..... 7/11 for + 18 points.

TRO, thanks for posting the examples of your trades. When you say "I only go long" does this apply to all circumstances?

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  #417 (permalink)
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Same scenario, different currency pair.

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  #418 (permalink)
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Jeff Castille View Post
Just one trade this morning..... 7/11 for + 18 points.

TRO, thanks for posting the examples of your trades. When you say "I only go long" does this apply to all circumstances?

Yes, Jeff, I only go long - PERIOD.

Going short all the time works just as well. The trick is to pick ONE DIRECTION and stick with it at least until the BLACK SWAN works for you.

That way you NEVER get caught on the losing side of a big move.

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  #419 (permalink)
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Jeff Castille View Post
Just one trade this morning..... 7/11 for + 18 points.

TRO, thanks for posting the examples of your trades. When you say "I only go long" does this apply to all circumstances?

Could you do me a favor?

Post a chart of what you trade WITHOUT all those indicators.

Show the daily high, daily low, daily open lines.

Also, if you can have horizontal lines every 10 ticks that would be nice.

Then I can explain how I would trade your instrument.

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  #420 (permalink)
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TheRumpledOne View Post

If you are long, then either you'll get stopped out for 10 pips and reenter at a lower price OR sooner or later you'll catch the run up.

This is what i've been trying to do lately, catch the runner. The problem is this after I get in price will often pullback 10-20 ticks and stop me out. After a few of these I'm down 30-40 ticks and then I need the runner just to get even.

Do you think this type of trading works better with currencies than CL? I've been doing both and CL stops me out much more often.

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