TheRumpledOne

SEE GREEN CANDLE. SEE GREEN CANDLE AT 0.6400 GO LONG. SEE PROFIT.

Are you looking at the last (rightmost) green candle? HIGH minus 0.6375 is GREATER THAN 0.6375 minus LOW. So I am not sure how you reached your conclusion. You are correct, I haven't said anything about risk/money management. Perhaps, if I had NOT been distracted by people attacking me, I could have presented risk/money management by now. I have covered that subject in other forums. But if you THINK about it, your worse case stop would be the next horizontal line. If you go long at 0.6375 and price started to drop, the candle would soon turn RED and then, if it keeps dropping, it would cross a horizontal line at 0.6350. You should probably exit after the candle turns RED. Understand?

That's probably the BEST ADVICE one trader could pass on to another. Have you looked at some trader's charts? So many SQUIGGLY LINE indicators that you can barely see PRICE!! I don't need SQUIGGLY LINES to tell me if PRICE is going up or down. I CAN SEE THAT WITH MY OWN TWO EYES. Show me a SQUIGGLY and chances are it is a LAGGING INDICATOR. The indicators you see on my charts are REAL TIME, PRICE BASED indicators. Some are showing PRICE'S position relative to open price or support/resistance based on the most recent highest high and lowest low. Some show REAL TIME STATISTICS such as number of like colored candles in a row per time frame, average range or number of candles that closed above/below the current price. And those indicators are DIGITAL. I do plot horizontal lines at prices ending in 00, 25, 50 and 75. I also plot horizontal lines at the open price for the London, New York, Tokyo and Sydney market. On the gray bar chart, I plot the current and previous high and low for the D1, W1 and MN1 time periods. So, yes I said, "JUST WATCH PRICE AND TRADE IT" because if you do that, then you'll NEVER LOSE AGAIN.

I know it is hard to believe but trading can really be this simple.

SEE GREEN CANDLE. SEE GREEN CANDLE AT 0.6425 GO LONG. SEE PROFIT. OK, I think I have proved my point. Any questions?

Thanks again, Soultrader. I am perfectly fine "easing a bit". However, when I attacked, I WILL DEFEND!! If you take the time to read this NEVER LOSE AGAIN thread or any/all of the other ones, you'll see it's ALWAYS someone attacking me first, then I DEFEND. I have no reason to attack anyone in my thread. All I am doing is presenting methods and strategies for trading. Others immediately think SPAM and/or SCAM. They only see what they want to see. I believe in teaching people to fish rather than giving them a fish. Some people think my answers are "cryptic" and get frustrated. Others have the "aha" moment and start to rake the money in. The traders who learn the quickest are usually the ones who have the least knowledge/experience - they have no bad habits to unlearn!! They are NOT prone to want to add an indicator to improve my method. Soultrader, I really do appreciate you being the VOICE OF REASON.

SEE GREEN CANDLE. SEE GREEN CANDLE AT 0.6400 GO LONG. SEE PROFIT. ARE YOU STARTING TO SEE HOW THIS WORKS?

SEE RED CANDLE. SEE RED CANDLE AT 0.6400 GO SHORT. SEE PROFIT.

SEE GREEN CANDLE. SEE GREEN CANDLE AT 0.6425 GO LONG. SEE PROFIT. The thread hijackers don't want you to learn how to do this for some reason.

The reason I got banned is because I don't back down from people like you. Then they gang up and complain to the forum admins. The forum admins get tired of the noise and decide it's easier to ban me than settle feuds. I started my thread here and people like you start attacking. So I defend. It's really simple. Now if you took the time to read my post, you'll see that I have explained a simple method of trading. The indicators are either multi period or statistical in nature. You do NOT need them. I use them instead of flipping back and forth between charts of different time periods. You would know that if you took the time to read my posts.

Sometimes you just wait...

You might want to say, "I went long at 0.6425 because the H1 candle was green and lost". But if you really look, the LONG ENTRY was back at 0.6375 when price reversed... green H1 candle after 2 red H1 candles. You have to use a little common sense when trading. PRICE is NOT going to continue in one direction forever. If price has already moved 50 pips or more in the direction you want to trade BEFORE you enter, you may have missed the boat.

Since you asked nicely and are giving me a chance to post here, yes. I have attached the NEVER LOSE AGAIN zip file. I wrote some, modified some and found some of the indicators. If you google, you can find many more of my FREE indicators on the net. Remember, you do NOT have to send me a donation unless you want to. NO ONE IS FORCING YOU AND I AM NOT SELLING YOU ANYTHING. NeverLoseAgain.zip

Rules of thumb Remember, this is scalping, do not be greedy!! Always trade with h1 candle color Trading with d1 candle color safer than trading against Only enter reversal trades on bar 4 or more of a run Only enter break trades on bar 2 of a run when price is at the highest high or lowest low of the previous 3 bars Always check the news every hour before trading

The "big picture"? That's a different strategy. All you have to SEE is the COLOR of the H1 candle and the HORIZONTAL LINES at prices ending in 00, 25, 50 and 75. If candle is green at the line, go long. If candle is red at the line, go short. That is it. NOTHING MORE. This is simple but profitable. Not sure what you mean by "opening trade setup". Just remember, this is a SCALPING TECHNIQUE.

Actually, Soultrader, I have posted this simple yet profitable method: SEE GREEN CANDLE. SEE GREEN CANDLE AT 0.6400 GO LONG. SEE PROFIT. Trading with the H1 candle color at HORIZONTAL LINES with prices ending in 00, 25, 50 and 75 is very profitable. It does NOT require any indicators. All that is necessary is ONE profitable method. This method works under ALL market conditions because PRICE WILL CROSS THE LINE. The lines do NOT move, but PRICE DOES. So all a trader has to do is TAKE ADVANTAGE of that fact. Does it work 100% of the time. NO! Sometimes, price will stall. Sometimes, you are NOT quick enough to grab the few pips. But, most of the time, you can grab 5 or more pips. If you look at the chart, you'll notice how well it works when the can colors reverse after 3 or more like colored candles in a row.

Using GRAY BARS allows you to SEE where support/resistance levels are based on the highs/lows.

Price is UP since Tokyo and Sydney markets opened.

Yes, I edited my post.

SEE GREEN CANDLE. SEE GREEN CANDLE AT 0.6400 GO LONG. SEE PROFIT. YOU DO NOT NEED INDICATORS!!

NEVER LOSE AGAIN at BabyPips. 93 Attachment(s) Never Lose Again!! (Multi-page thread 1 2 3 ... Last Page) TheRumpledOne Today 06:15 PM by Shane Go to last post 2,208 136,834 Show me the money! [Daytrading] Thread was started: 08-22-2008, 05:45 PM 2,209 replies, 136,834 views. You can't argue with numbers.

So much disinformation!! I don't know your gender so I used s/he. No insult intended or implied. Kiwi, I believe there are at least 5 free eBooks that I have posted on the net. I offer a whole lot free. I have post HUNDREDS of FREE indicators on the net for TradeStation, eSignal, QuoteTracker and MT4. I have posted FREE filters for StockFetcher. There is NO SCAM or SPAM!! No one ever has to send me any money unless they want to out of the kindness of their heart. I received this note yesterday: No one forced them to send me a donation. They just wanted to show their appreciation. As a THANK YOU, I sent them more indicators. Someone told me it's over 300 indicators in the zip file. They are happy. Isn't that all that really matters? Did you read my posts here today? Did you see where I said that YOU DO NOT NEED INDICATORS? http://www.traderslaboratory.com/forums/208/never-lose-again-therumpledone-4859-4.html#post52274 KIWI, I don't think I know you so I have no idea what reason you have to attack me.

SEE GREEN CANDLE. SEE GREEN CANDLE AT 0.6375 GO LONG. SEE PROFIT. DO YOU SEE A PATTERN?

Not every person can learn from the same teacher. If NO ONE learned from me, then I would look in the mirror for the source of the problem. But since many people have learned and are learning from me, I suggest that YOU look in the mirror for the source of the problem. KIWI, do me a favor and just LEAVE ME ALONE. SoulTrader, please handle KIWI if s/he continues to harass me. Thank you.

SEE GREEN CANDLE. SEE GREEN CANDLE AT 0.6375 GO LONG. SEE PROFIT. SEE RED CANDLE. SEE RED CANDLE AT HORIZONTAL LINE AT 0.6400 GO SHORT AT 0.6400 SEE PROFIT. SIMPLE! That is ALL THAT THERE IS TO IT. There is NOTHING MORE. Do not complicate matters. You don't have to talk or think about trend, support, resistance, bounces, breakouts, etc.... You do NOT need indicators. YOU SEE THE COLOR AT THE LINE AND TRADE WITH IT, NOT AGAINST IT... IT'S THAT SIMPLE! If you do NOT understand, then keep rereading this message and looking at the chart until it hits you like a TON OF BRICKS!!