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TheRumpledOne
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Everything posted by TheRumpledOne
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I remember back in the "good old days", TASR would reverse at 9:37 AM EST. You could practically set your watch by this move. Most books and experts warn you not to trade the open. To me, the open is the only time to trade stocks. The Buy Zone / MILK THE COWS method takes advantage of the open price and the movement that follows. When to trade is important, but finding the instruments that work best with the method you are using to trade is critical. Running frequency distributions that show how far price moves from the open tells you which instruments to trade and which to avoid. Simple, yet elegant. Looking forward to part 2. Thanks.
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I know it's been a while but I am pretty settled in at the ranch. Back to trading and coding on a regular recurring basis. Though my focus isn't on scalping since I am not online 24/7. Looking at simple entries over longer periods of time. Emphasis on statistical trading at HORIZONTAL LINES. No squiggleys needed. And if you are looking for an argument, you won't get one. I don't have the time or bandwidth to spare.
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ALL YOU NEED TO TRADE IS A HORIZONTAL LINE... Candle color multimeter Price GPS RAT ZONE
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Thanks for sharing. Can't wait to see how I score...LOL!
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" If they would just learn how to roll into the corner (paper trade) and set their car up for the exit (proper education FIRST) they would learn how to pass the majority of people down the straight away." I agree in part, I have spent time on the track myself and understand the concept of "slow in/fast out" and "throwaway corners". But paper trading isn't the same as "seat time". Proper education is a matter of opinion when it comes to trading. I have been trading since the 1970s using paper charts and reading ticker tape. The traditional trading education is full of myths and concepts. Those who teach about reality are few and far between. That's why I get so much "heat" on trading forums because I expose the myths and concepts for what they are!
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Is is EASY TO SEE that PRICE IS THE SAME when you plot the HH/LL for all of the time frames and see that PRICE is in the same position relative to the HH/LL for each time frame no matter your chart time frame.
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Interesting.. thanks
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THINKING FAST AND SLOW - Another must read book...
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A must read!! THINKING FAST AND SLOW by Daniel Kahneman
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PRICE TURN... It should be obvious to the reader that once price turns, there is a statistically higher chance that price will continue in the same direction.
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How to understand and use frequency distribution in your trading. ============================================= PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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Price turns and horizontal lines - video below
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Is the Price to Volume Relationship All You Really Need to Trade?
TheRumpledOne replied to suby's topic in Technical Analysis
All you need to trade is a HORIZONTAL LINE! YouTube video explains: -
Video on Price Turn Multi Meter
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Some people never learn... I am NOT playing anyone else's game. I post when, where and how I want to. If you don't like it, no one has a gun to your head forcing you to read my threads. I have posted hundreds of FREE INDICATORS for MT4, TradeStation and eSignal over the past 10 years or so. You can still get them for FREE. I just posted a MOTHERLODE of FREE indicators not too long ago. I am no longer an INTRODUCING BROKER ever since the law was changed requiring IBs to get a license. My trading room was FREE and you could get LIVE CALLS. Some people have nothing to contribute so they attack those who do.
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Please Help Me to Select a Stock for Daytrading
TheRumpledOne replied to anituchka's topic in Day Trading and Scalping
You might want to look at the stocks from my MILK THE COWS and FADING THE GAP STATISTICS FILTERS. Here is a list of the current TOP 20 "cows" Symbol GOOG AAPL AMZN WYNN FFIV BIDU NFLX CTRX FOSL ALXN ORLY CTXS LULU TQQQ SQQQ LQDT CSTR VRTX SINA The top 5 moved at least 50 cents from open to high over 80 times in the last 100 days and moved at least $1 from open to high over 59 times. -
It should be obvious to the reader that with your 6 posts on this forum you have done nothing but attack the messenger. I think the readers would prefer you to start your own thread and share your wisdom there.
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I post my strategy: 1) price within 20 pips of the daily low - that is OPPORTUNITY 2) red candle closes 3) green candle closes - note the high price of the green candle. 4) enter long at the green candle's high price 5) STOP LOSS IS 10 PIPS 6) Take whatever profit you can. 7) If the rules do not mention it, then it is of no concern. You can see IN ADVANCE when a trade is setting up. By the time I post the trade, it's over. That is the reason I post the rules so you can see the setup in real time.
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WHAT IF YOU WERE COLORBLIND... Could you trade? Does that help you see when PRICE TURNS?
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My Top 6 Reasons Why Most People Fail At Trading
TheRumpledOne replied to dynamicsoul's topic in Trading
We are adults and adults are old enough to make their own decisions. It TL a place where LIBERAL DEMOCRATS gather? Geez... enough of the NANNY STATE MENTALITY. -
My Top 6 Reasons Why Most People Fail At Trading
TheRumpledOne replied to dynamicsoul's topic in Trading
Wow! Give the person a chance before you attack them. Who moved your cheese? -
My Top 6 Reasons Why Most People Fail At Trading
TheRumpledOne replied to dynamicsoul's topic in Trading
Why You Fail At Trading? Because just like the movie GROUNDHOG DAY, you are doomed to keep repeating your errors until you finally figure it out. But that's just the first part. After you stop losing, you have to learn how to win. -
Some people understand better in English than in pictures, charts, tables, etc...
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Every "trend" reversal will start with a "price turn" pattern on the chart. Identifying this pattern on all of the time frames will help you select trade direction. I prefer to trade with the WEEKLY direction rather than against it. When price turns against the weekly direction on lower time frames, I wait. I will enter when price turns back to the weekly direction. It is even better when weekly and monthly are in sync. All you have to do is LOOK at the charts and SEE!!
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No. There is no need to trade more instruments.