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NEVER LOSE AGAIN!! - TheRumpledOne


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NEVER LOSE AGAIN!! - TheRumpledOne

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




Remember what H. Rearden said:

Now, 2 patterns of market behaviour happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)



If price is NOT making a new low then it must be reversing from the low.

TRADING IS SIMPLE.

DO NOT MAKE IT COMPLICATED.


The nHL multimeter tells me when PRICE is making a new high or new low.

The gauge tell me where price is RELATIVE to the high/low.

And YES, I AM REPEATING MYSELF
.

GOOD TRADING IS REPETITIVE - YOU DO THE SAME THING OVER AND OVER AND OVER AND...


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  #82 (permalink)
 HJay 
USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: futures
 
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Posts: 197 since Aug 2009

Worked nicely on the 3 minute this afternoon. (2 for 2)... Thanks!

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




OPPORTUNITY KNOCKS AGAIN....

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


HJay View Post
Worked nicely on the 3 minute this afternoon. (2 for 2)... Thanks!


Are you trading off the daily highs and lows??

 
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  #85 (permalink)
 HJay 
USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: futures
 
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Posts: 197 since Aug 2009

Yes.. the Green dotted line signifies the daily High.

* The first trade was a break out to NEW highs.

* The second trade was a reversal off of the NEW highs

RAT certified right?

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


HJay View Post
Yes.. the Green dotted line signifies the daily High.

* The first trade was a break out to NEW highs.

* The second trade was a reversal off of the NEW highs

RAT certified right?

Sounds like you got some cheese...

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

What is the fascination some traders have with SQUIGGLY LINE indicators?

I see people spending a lot of time on them.

DON'T YOU REALIZE THEY ARE A MYTH?

SEE PRICE.

SEE PRICE MOVE.

SEE PRICE MOVE UP.

SEE PRICE MOVE DOWN.

THOSE ARE THE ONLY WAYS THAT PRICE MOVES.

SEE TIME.

WHAT TIME IS IT?

WHAT'S THE PRICE?

WHAT TIME IS IT NOW?

WHAT'S THE PRICE?

DID PRICE GO UP OR DOWN?

IT IS ALL RELATIVE!!

WHAT DO YOU THINK A SQUIGGLY LINE INDICATOR IS GOING TO TELL YOU THAT YOUR EYES CAN'T TELL YOU?


DO YOU BELIEVE THERE IS SOME MAGIC FORMULA THAT WILL ENABLE YOU TO SEE THE FUTURE?


WHAT IS THE HIGH OF THE DAY?

IS PRICE NEAR THAT HIGH?

IS PRICE GETTING CLOSER TO THAT HIGH?

IS PRICE AT THE HIGH OF THE DAY?

IS PRICE MAKING A NEW HIGH?

IS PRICE MOVING AWAY FROM THE NEW HIGH OF THE DAY?


WHAT IS THE LOW OF THE DAY?

IS PRICE NEAR THAT LOW ?

IS PRICE GETTING CLOSER TO THAT LOW ?

IS PRICE AT THE LOW OF THE DAY?

IS PRICE MAKING A NEW LOW ?

IS PRICE MOVING AWAY FROM THE NEW LOW OF THE DAY?

TRADING IS SIMPLE.

DO NOT COMPLICATE IT.

 
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  #88 (permalink)
 websouth 
Market Wizard
Perdido Beach, AL
 
Experience: Intermediate
Platform: graph paper
Trading: The shiny stuff
 
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Posts: 1,200 since Jul 2009
Thanks: 1,113 given, 1,331 received

WHAT IS THE HIGH OF THE DAY?

IS PRICE NEAR THAT HIGH?

IS PRICE GETTING CLOSER TO THAT HIGH?

IS PRICE AT THE HIGH OF THE DAY?

IS PRICE MAKING A NEW HIGH?


so TRO o enigmatic one

Most things are a myth except for the high of the day....? If trend is a myth probably the high of the day is too. A high would be relative just like trend. New high over what time period. Is that the high of the session, last 12 hours, last 24 hours? Forex is a 24 hr market... Is a certain high time of the day more significant? Like 420? Using GMT, CMT, etc.

IS PRICE MAKING A NEW HIGH?

Ok I'll buy that. Good question. But relative to what?

++++++++++++++++

hey somebody's got to bust your chops

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  #89 (permalink)
 jdella 
Concord, NH USA
 
Experience: Intermediate
Platform: Ninja trader
Broker: AMP/CQG
Trading: ES
 
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Posts: 182 since Jun 2009
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TAJTrades View Post
FWIW I started to experiment with TRO's concepts. Here is a 60 Min Chart for the ES showing the Distributions. Interesting results for the past 5 days.

This indicator is not ready for prime time. It was a CUI (Coding Under the Influence) effort last night. Has issues with COBC = false.

Should have added: "If I understand the concept correctly"

Nice work on this dist concept, do you plan on letting it out for prime time?

Thanks,

Jeff

 
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  #90 (permalink)
 sam028 
Site Moderator
 
 
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Posts: 3,733 since Jun 2009
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TRO posts 291 posts, something like 15 posts/day, and I still don't understand what he wants to tell us.
Maybe it's because my english is no very good, and maybe because I should read carefully all these posts with my eyes more open.

But I was just wondering, am I alone ?

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