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NEVER LOSE AGAIN!! - TheRumpledOne


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NEVER LOSE AGAIN!! - TheRumpledOne

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  #111 (permalink)
TAJTrades
Here, GA
 
 
Posts: 158 since Jun 2009
Thanks: 1 given, 85 received

I think it is fairly clear that TRO is an FX Trader. That does not include Currency Futures. Using Meta Trader I am assuming that he has not done a lot of work with any Futures Instrument. Only way to find out is duplicate his method which I am attempting to do in NT. And then let the search for the Truth begin.


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  #112 (permalink)
 TheRumpledOne 
Tucson, AZ
 
 
Posts: 418 since Aug 2009


Gary View Post
TRO,

A few questions:

1) Where are you getting the 20 pip number?
2) Does this work on any instrument? If solely based on price action, why not?

3) Comment and question: High/low is relative, what size chart you looking at? And, high/low of what? The day? Whose day? Does this method not work on stocks for example? With ES or CL, is the high of the cash open or overnight high, etc?

Gary

1) 20 pip from the HIGH/LOW of the day. I ran a frequency distribution of the daily wick sizes.

2) You have to run the statistics on the instrument you are trading to find the "sweet spot"

3) Size? Do you mean chart period? I usually use the hourly and daily for my statistics. I do not use this on stocks. I use my BUY ZONE, MILK THE COWS, and FADE THE GAP on stocks.

I do NOT trade futures.

Feel free to ask more questions. However, it is always best to search the net BEFORE asking. More times than not, you can usually find the answer.

 
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  #113 (permalink)
 TheRumpledOne 
Tucson, AZ
 
 
Posts: 418 since Aug 2009



TAJTrades View Post
I think it is fairly clear that TRO is an FX Trader. That does not include Currency Futures. Using Meta Trader I am assuming that he has not done a lot of work with any Futures Instrument. Only way to find out is duplicate his method which I am attempting to do in NT. And then let the search for the Truth begin.

I ran stats on futures using TradeStation years ago.

 
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  #114 (permalink)
 gio5959 
Chiron
 
Experience: None
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tro - do rats have lizard brains

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  #115 (permalink)
 TheRumpledOne 
Tucson, AZ
 
 
Posts: 418 since Aug 2009



Notice how price moved off the daily bottom in USDCAD, USDCHF and USDJPY.



 
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  #116 (permalink)
 gio5959 
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tro, per ur pm - i was not being disrepectful - you must of not ever read the book Mean Markets and Lizard Brains by Terry BurnHam - in fact, its complementary to your rats thesis

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  #117 (permalink)
 TheRumpledOne 
Tucson, AZ
 
 
Posts: 418 since Aug 2009







EURJPY took off!!

 
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  #118 (permalink)
 DavidHP 
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New Orleans, La (Mardi Gras City)
 
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I'm enjoying your thread.

I noticed this last week and thought it was appropriate:
https://tiny.cc/cBk7z

Parrot beats traders in trading contest.
I guess Rats have some competition

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  #119 (permalink)
 TheRumpledOne 
Tucson, AZ
 
 
Posts: 418 since Aug 2009


DavidHP View Post
I'm enjoying your thread.

I noticed this last week and thought it was appropriate:
Parrot beats investors in South Korean stock market contest - Telegraph

Parrot beats traders in trading contest.
I guess Rats have some competition

Thanks for sharing that!!




Human investors picked any stocks they wanted. The parrot, using its beak, made random choices from balls representing 30 blue chips including Samsung Electronics.


"The outcome of our contest was amazing. Ddalgi stood third with her investment return standing at 13.7 per cent," Chung Yeon-Dae, the Paxnet general manager, told AFP.


Human investors averaged a 4.6 per cent loss, with only two outperforming the parrot - one by 64.4 per cent and one by 21.4 per cent.



 
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  #120 (permalink)
 max-td 
Frankfurt
 
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hey RumpleOne,
try to get your Entry-rule - lots of postings here but not that easy to catch ....

1- ENTRY is if price pops up 20 pips from the Low (after a new Low + candle close here )
- without waiting for the current candel to close.

OR

2- ENTRY is if the candel after the New Low is green + closed + more then 20 pips above the low.

Thanks for clarification!

max-td

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