NEVER LOSE AGAIN!! - TheRumpledOne - Trading Journals | futures io social day trading
futures io futures trading


NEVER LOSE AGAIN!! - TheRumpledOne
Updated: Views / Replies:58,423 / 288
Created: by TheRumpledOne Attachments:76

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 76  
 
Thread Tools Search this Thread
 

NEVER LOSE AGAIN!! - TheRumpledOne

  #191 (permalink)
Membership Revoked
Tucson, AZ
 
Futures Experience: Master
Platform: MB Trading Navigator
 
TheRumpledOne's Avatar
 
Posts: 418 since Aug 2009
Thanks: 0 given, 206 received


dsherman View Post
I first looked at applying this to ES, however ES is a beast with a mass psychology that requires its own set of rules. I then looked at the currencies that TRO trades. Just doing this a few days now, with range bars and with 5 minute timeframes. The fun part is creating a Ninja Strategy that runs in real time SIM mode. I think the RAT strategy is very helpful.

It sounds like you were looking for a way to MAKE IT WORK FOR YOU, rather than try to prove it doesn't work. One often finds what they want to find. Nice work!!

 
  #192 (permalink)
Member
California
 
Futures Experience: Beginner
Platform: NinjaTrader
 
Posts: 87 since Jun 2009
Thanks: 5 given, 119 received


TheRumpledOne View Post
If you want an intelligent answer then ask an intelligent question.

actually i was being rhetorical. (maybe next time i should put it in a big font with all caps)

your quote,

TheRumpledOne View Post
I only request the traders to review the market from time to time keeping in mind my concepts and if found suitable use in the trades or just ignore.

is in direct contradiction with statements you made earlier that all we need to know about trading can, and has been by you so boldly in this thread, written down in a few simple rules. i wish that were true.

as for intelligent questions:
- can you explain your exit strategy in terms that a rat could understand and perform.
- can you answer the question at the end of this post? https://futures.io/general-discussion/743-never-lose-again-therumpledone-5.html#post7940

 
  #193 (permalink)
Member
California
 
Futures Experience: Beginner
Platform: NinjaTrader
 
Posts: 87 since Jun 2009
Thanks: 5 given, 119 received



TheRumpledOne View Post
It sounds like you were looking for a way to MAKE IT WORK FOR YOU, rather than try to prove it doesn't work. One often finds what they want to find. Nice work!!

i assume that was intended for me?

in fact I have been, and still am, trying to find a way to make it work for me. that's why i'm still asking quesitons.

i'm trying currencies now, hopefully that'll help.

 
  #194 (permalink)
Membership Revoked
Tucson, AZ
 
Futures Experience: Master
Platform: MB Trading Navigator
 
TheRumpledOne's Avatar
 
Posts: 418 since Aug 2009
Thanks: 0 given, 206 received


piersh View Post
i assume that was intended for me?

in fact I have been, and still am, trying to find a way to make it work for me. that's why i'm still asking quesitons.

i'm trying currencies now, hopefully that'll help.

BigMike installed an IGNORE feature. I can use it or choose to ignore.

 
  #195 (permalink)
Membership Revoked
Tucson, AZ
 
Futures Experience: Master
Platform: MB Trading Navigator
 
TheRumpledOne's Avatar
 
Posts: 418 since Aug 2009
Thanks: 0 given, 206 received


piersh View Post
actually i was being rhetorical. (maybe next time i should put it in a big font with all caps)

your quote,


is in direct contradiction with statements you made earlier that all we need to know about trading can, and has been by you so boldly in this thread, written down in a few simple rules. i wish that were true.

as for intelligent questions:
- can you explain your exit strategy in terms that a rat could understand and perform.
- can you answer the question at the end of this post? https://futures.io/general-discussion/743-never-lose-again-therumpledone-5.html#post7940


piersh View Post
doesn't help.

my conclusion: this strategy, as stated, doesn't work.


maybe there's something he's not telling us?

You have already come to a conclusion. Meanwhile, others are making money.

 
  #196 (permalink)
Member
California
 
Futures Experience: Beginner
Platform: NinjaTrader
 
Posts: 87 since Jun 2009
Thanks: 5 given, 119 received


TheRumpledOne View Post
You have already come to a conclusion. Meanwhile, others are making money.

that's why i'm asking you to expand on what you've said.

- can you explain your exit strategy in terms that a rat could understand and perform.
- can you answer the question at the end of this post? NEVER LOSE AGAIN!! - TheRumpledOne

if you can't, that's fine too.

 
  #197 (permalink)
Membership Revoked
Tucson, AZ
 
Futures Experience: Master
Platform: MB Trading Navigator
 
TheRumpledOne's Avatar
 
Posts: 418 since Aug 2009
Thanks: 0 given, 206 received


Quoting 
Quoting sam028: That's right, and the guy who wrote a genetic optimizer for NT is for sure a newbie in backtesting stuff, that make sense...


Looks like someone removed a post about someone else who created a genetic optimizer for NT. The implication or inference was that this individual is highly intelligent and knows how to back test.

What reason would they have to ask me anything?

Don't you hate it when BIG BROTHER alters history?

 
  #198 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received

Hey guys I just finished reading the thread and have some comments.

Pier: I once was doing like you, backtesting everything. I first met TRO over a year and a half ago. I didn't know how to trade so I was trying to backtest and automate everything. I couldn't backtest his ideas so I discarded them. Now, a year and a half later, I realize that I wasted 1.5 years trying to automate and backtest everything, when trading is really simple. I now trade several markets without any indicators, just trading price and sometimes volume. You can see my trades posted in various threads. I firmly believe that if I told you exactly what I do (BTW it's not a secret I tell people what I do all the time) and you were to backtest it, you'd prove it "doesn't work".

Ok, the rest isn't directed at Pier but to everyone..

In fact, I once tried to backtest a system I developed (developed = the rules & trading plan, talking conceptual here). My tests were always negative. But my manual backtesting using historical charts showed it was profitable. So I traded it and guess what? It was profitable, despite my backtests saying it wasn't. I traded it for 2+ months with a 68% win rate. Yet I couldn't get a profitable backtest! Now you may say that I don't know how to backtest. Maybe that's true. But I'm a professional software developer (15 years experience) and I spent hundreds of hours backtesting every idea I could find, so if I couldn't do it then few people can!

As TRO says, it doesn't matter where you draw the line. He draws the line at the daily high. I draw my line around trading ranges and swing pivots. The truth is you can draw your line anywhere and trade it. It doesn't matter! By using the high of day he's using a line that he can easily run some statistics and come up with probabilities. I can't easily do that with swing pivots because they're not always mechanical (i'm sure someone could try though).

Here's an exercise:

Look at ES and pick a random price between yesterday's high & low. This is your line. Now trade it. When price comes close to your line you trade it. Do whatever you want, but the easiest is to go long when price goes above and short when it goes below. You have 50% chance right? So if you cut your loss to 10 ticks and let winners go to 20 ticks (for currencies, for ES maybe use stop 2 pts and target 4 pts).. if you do that you could theoretically be profitable. The hard part is learning to trade price. To see reversals, to cut your loss asap. Once you learn this you can trade any line you want. If you pick the current day's open then it's even easier. This is what TRO calls Buy Zone. I once wrote a backtest "showing" that it doesn't work. Now I know better!

Today I was trading Euro with some other traders and we all went long at the same time (we use the same entry). Price went up around 15 ticks and came back down I was out at +2 ticks. One guy got out at +7. Another guy got out at -20!!! This is the art of trading. It's what no one can teach you. You have to learn for yourself. It's what makes or breaks you as a trader. It's an art. It's something that cannot be backtested and cannot be taught. Cannot be automated. This is why no automated strategies work. Cause if they did, Goldman would be automating it and taking all our money.

Listen up guys, I didn't listen to TRO when I had my first chance 1.5 years ago. now I'm listening and taking notes. He may be a bit extreme but the guy is telling you EVERYTHING you need to know to learn to trade profitably. Most will run away and go back to their indicators. A few will work hard at it for several months and take money away from those using the indicators. It's that simple. I've never met a professional trader who used more than 1 or 2 simple indicators. Simple as in one oscillator and one moving average at the most. Never.

I've tried to get people here to use volume. I get very little response. Why? I imagine cause it's hard work reading, practicing, and learning how to use it. Why bother when there are tons of indicators to tell one when to enter. I've talked about how mechanical indicator systems don't work I post charts showing profitable trades without any indicators. I'm giving it up now. Anyone who searches for the truth will find it, we've left enough clues.

TRO - Thank you for this thread. Please keep it up. Some real trade examples showing your entry and exit would be most helpful to me. I'd like to include your setup in my trading. I don't trade forex but I trade Euro futures which move really close to spot.

The following 9 users say Thank You to cunparis for this post:
 
  #199 (permalink)
Membership Revoked
Tucson, AZ
 
Futures Experience: Master
Platform: MB Trading Navigator
 
TheRumpledOne's Avatar
 
Posts: 418 since Aug 2009
Thanks: 0 given, 206 received

cunparis:

Please do me a favor and send that post to your fellow moderators here. Some of them are really on my case.

Some people like how I teach. Others hate it.

Would you TRO HATERS prefer PAI MEI teach you?

http://www.youtube.com/watch?v=kHbfIPjmZys

 
  #200 (permalink)
Membership Revoked
Tucson, AZ
 
Futures Experience: Master
Platform: MB Trading Navigator
 
TheRumpledOne's Avatar
 
Posts: 418 since Aug 2009
Thanks: 0 given, 206 received



Quoting 
TRO - Thank you for this thread. Please keep it up. Some real trade examples showing your entry and exit would be most helpful to me. I'd like to include your setup in my trading. I don't trade forex but I trade Euro futures which move really close to spot.

I have been posting my gauges so traders can learn to SEE OPPORTUNITY.

Then I post the gauges showing how far priced moved off the bottom.

I have posted the entry criteria so you know how I trade.

Do you think you can learn to hit a baseball by watching me hit?

You need to swing the bat to learn how to hit.


Closed Thread



futures io > > > NEVER LOSE AGAIN!! - TheRumpledOne

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
H-igh L-ow C-lose bars spx_tdr NinjaTrader 30 January 13th, 2013 08:18 PM
Bankís Deal Means More Will Lose Their Homes kbit News and Current Events 0 July 12th, 2011 02:47 PM
Dollar Could Lose Up to 30% in Value as Yuan Strengthens Quick Summary News and Current Events 1 May 18th, 2011 04:24 AM
How Much Money Are You Willing To Lose Today? hondo69 Psychology and Money Management 3 December 16th, 2009 06:15 AM
TheRumpledOne TheRumpledOne Traders Hideout 5 September 10th, 2009 10:39 AM


All times are GMT -4. The time now is 03:17 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.16 seconds with 20 queries on phoenix via your IP 54.145.16.43