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All you need

  #631 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009


Peter2150 View Post
Question TRO

Looking at your history charts it looks like you wait for a say red bar, and then go short breaking the low of the 2nd red bar, or am I missing something.

Pete

PS. Keep this up. It's great.

You do not wait per se.

If the preceding bar is red and you are a red rat, then you would go short at the low of the previous red bar.

Do not make this complicated. I posted SIMPLE RULES. There is NO MORE. That is ALL THERE IS. If you add anything to those rules the rat will beat you.

If you are having problems, then go back to the beginning of my posts for today and read forward. All questions have been answered.

This is all you need to remember:

If previous bar is red, then look to go short at the previous bar low.

If previous bar is green, then look to go long at the previous bar high.

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  #632 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



The arrows show what bars had "rat" trades.

This is all you need to remember:

If previous bar is red, then look to go short at the previous bar low.

If previous bar is green, then look to go long at the previous bar high.

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  #633 (permalink)
 wuolong 
Canada
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 76 since Jul 2009
Thanks Given: 175
Thanks Received: 9


TRO, lucky to have you here to teach us the great trading lesson. I wish I had read your posts in the other forums before.

So I guess we really don't look for the trend in the larger timer frames since the determining factor is the very previous bar in the trading time frame?




TheRumpledOne View Post
This is all you need to remember:

If previous bar is red, then look to go short at the previous bar low.

If previous bar is green, then look to go long at the previous bar high.


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  #634 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



Can you see what happened at the previous bar high/low?

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  #635 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



See those 2 big green candles?

Do you see the trade?

See those 2 big red candles?

Do you see the trade?

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  #636 (permalink)
 
Dragon's Avatar
 Dragon 
Bellingham, WA
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: 6E, CL
Posts: 491 since Aug 2009
Thanks Given: 747
Thanks Received: 259

Uhhh Down?

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  #637 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009


wuolong View Post
TRO, lucky to have you here to teach us the great trading lesson. I wish I had read your posts in the other forums before.

So I guess we really don't look for the trend in the larger timer frames since the determining factor is the very previous bar in the trading time frame?

Well, if some people had had their way, I would not be posting here.

THERE IS NO TREND.

TREND IS A MYTH.

Price action is in the moment.

PRICE IS THE SAME ON ALL TIME FRAMES!!

Do NOT be fooled.

If you have been reading this far, then you should be able to SEE through all the BS.

Why do you think 95% of traders lose?

IT IS BECAUSE THEY HAVE BEEN LED TO BELIEVE THE BS.

There is so much ego involved in the trading world just like academia.

They are all vying for your attention and your money. Why do you think I get banned from so many forums? Have you seen me do anything on this forum that should cause me to be banned? OK, so I post BIG CHARTS. That caused a stir on a couple of forums. But should that really be a reason to ban someone? THINK ABOUT IT!

If you learn from me then why do you need to buy anything from anyone? Whoops! There goes their cash flow! Is the image getting clearer?

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  #638 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009

Come on, think about it...

Price either goes up or it goes down.

HOW SIMPLE IS THAT?

Why do you think you need ANYTHING including a chart to see which way price is moving?

Ever hear of TAPE READING?

There were no charts.

There were no indicators.

What did THOSE TRADERS DO?

THINK ABOUT IT!

No multiple time frames.

No MACD, STOCHASTICS, RSI, PSAR, ETC...

HOW DID THOSE TRADERS MAKE MONEY?

Has someone been pulling the wool over your eyes?

Has the rat been beating you?

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  #639 (permalink)
 Peter2150 
Washington DC
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 210 since Jun 2009
Thanks Given: 110
Thanks Received: 117

TRO

I see said the blind man, and actually I do. Eloquently simple. You must be related to "Old Turkey". I think that was the guys name on the book on Jessie Livermore.

Cheers, and thanks.

Pete

PS. Keep pounding it in.

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  #640 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



Peter2150 View Post
TRO

I see said the blind man, and actually I do. Eloquently simple. You must be related to "Old Turkey". I think that was the guys name on the book on Jessie Livermore.

Cheers, and thanks.

Pete

PS. Keep pounding it in.

If you SEE, then post WHAT YOU SEE in YOUR OWN WORDS so others can benefit.

Some people do not like the way I answer their questions...

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