Never Lose Again!! TheRumpledOne

[elovemer 10]

i believe he is using the previous days low .... but calling it something else

ClLo < 20

ClLo is referring to the previous day .... unless the previous low was 2 days back or 3 days back

 

i believe he means the current day's price is within 20 pips of the previous days low

 

How do you know it's the daily low unless you're using a previous

days low? The current days low is still developing.

[TheRumpledOne 14]

HAPPY NEW YEAR!

 

2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED

 

 

 

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

 

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

 

P64 HOW WE DECIDE (italics added)

 

=============================================

 

"Now, 2 patterns of market behavior 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)

 

They happen regardless of time frame (with the obvious limitations explained above)

 

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden

 

=============================================

 

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

 

============================================

 

WHY ISN'T EVERYBODY DOING IT?

 

Most of you know I catch a lot of flak on my forums because SOME PEOPLE don't like the way I post.

 

One worn out argument that is used repeatedly is, "If this is so (simple, great, profitable, ), then why isn't everybody doing it?"

 

Simple answer is because SOYLENT GREEN is people!

 

We all know exercise is great, but how many actually exercise?

 

We all know smoking is bad, but how many do it anyway?

 

We all know which foods are bad for our health, but how many eat those foods?

 

We all know that we should save for our future and spend less than we earn but who does that?

 

The list is almost endless.

 

As long as there are people, there will always be some STUPID people and some smart people making STUPID decisions, where STUPID is defined as knowing better but acting otherwise.

 

Meanwhile, the RATS are still beating the Yale students.

 

=============================================

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[onesmith 10]

The Rumpled One's initial answer to my question contradicts what you're saying but it was clear then that he wasn't interested in addressing it or he would have defined it's precise value. I understand your confusion given his (TRO's) inability to sum the courage to label it what it is instead of focusing on wrapping it in marketable terminolgy.

 

This guy claims to write code based on hard true facts, but yet he obscures even the simpilist concepts. The true hard facts are this strategy uses what robots rightfully call soft still developing data, rather than confirmed final data. The significance of that is not whether soft data is viable because it is viable, but rather that this vendor backs away from clarifying disparities. Observe his most recent actions this morning ignore your comment and choose instead to repost the same old cut and paste, that he's cut and pasted many times before.

 

Given he's templated this same behavior everywhere I see him on the net, and Trader's Laboratory encourages this type of stuff, I have better things to do than participate here.

 

i believe he is using the previous days low .... but calling it something else

ClLo < 20

ClLo is referring to the previous day .... unless the previous low was 2 days back or 3 days back

 

i believe he means the current day's price is within 20 pips of the previous days low

[TheRumpledOne 14]

 

<-------------------------------------------------------------------->

 

1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY

 

<-------------------------------------------------------------------->

 

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

 

<-------------------------------------------------------------------->

 

Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.

 

THINK ABOUT IT!!

 

 

<-------------------------------------------------------------------->

 

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

 

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

 

POSITION SIZE = RISK / STOP LOSS.

 

<-------------------------------------------------------------------->

 

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

 

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

 

<-------------------------------------------------------------------->

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

 

 

My YouTube Happy New Year greeting:

[TheRumpledOne 14]

i believe he is using the previous days low .... but calling it something else

ClLo < 20

ClLo is referring to the previous day .... unless the previous low was 2 days back or 3 days back

 

i believe he means the current day's price is within 20 pips of the previous days low

 

NO!

 

I am using the current daily low.

 

ClLo is the current close(price) minus the current daily low price.

Edited January 3, 2012 by TheRumpledOne

[TheRumpledOne 14]

The Rumpled One's initial answer to my question contradicts what you're saying but it was clear then that he wasn't interested in addressing it or he would have defined it's precise value. I understand your confusion given his (TRO's) inability to sum the courage to label it what it is instead of focusing on wrapping it in marketable terminolgy.

 

This guy claims to write code based on hard true facts, but yet he obscures even the simpilist concepts. The true hard facts are this strategy uses what robots rightfully call soft still developing data, rather than confirmed final data. The significance of that is not whether soft data is viable because it is viable, but rather that this vendor backs away from clarifying disparities. Observe his most recent actions this morning ignore your comment and choose instead to repost the same old cut and paste, that he's cut and pasted many times before.

 

Given he's templated this same behavior everywhere I see him on the net, and Trader's Laboratory encourages this type of stuff, I have better things to do than participate here.

 

I am not sure what is not clear about my answer.

 

I am using the current daily low. Yes, it can change. Price could make a lower low for the day. But sooner or later the current daily low will the be final low of the day. Of course, we don't know what price will do next. Statistically, price will finish 20 pips more higher than the daily low on the pairs that I show. By trading within 20 pips of the current daily low, you have the best chance to profit when price reverses off of the low.

 

Good trading is REPETITIVE. You repeat the process over and over and over again each day. That is what I am showing. How does one learn? THROUGH REPETITION!!

 

"I am not forcing you to accept my concepts. 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. Thanks for your opinion."

[elovemer 10]

heck all this time i thought it was the previous daily low

 

NO!

I am using the current daily low.

ClLo is the current close(price) minus the current daily low price.

[TheRumpledOne 14]

[onesmith 10]

Thank you.for putting up the new content. I underestimated you. Please accept my appology.

 

[TheRumpledOne 14]

Thank you.for putting up the new content. I underestimated you. Please accept my appology.

 

Apology accepted. Thank you.

 

This is TRADING... You have to have pretty thick skin...LOL!!

[elovemer 10]

nice to see the man who has been booted from a million trading forums

 

i questioned them booting you from Little Mike's trading forum, and just for that ... they booted me too

 

[TheRumpledOne 14]

nice to see the man who has been booted from a million trading forums

 

i questioned them booting you from Little Mike's trading forum, and just for that ... they booted me too

 

Isn't life just too dang funny sometimes?

 

Yeah, I showed up on *^$((&% Mike's Trading Forum and some people didn't like me taking away their spotlight time. I mean really, THINK ABOUT IT, when I post in my thread, am I really the PROBLEM?

 

When you think about it, forums should be BEGGING ME, to post. Why? Because I attract a lot of attention. People love to see CONTRAVERSY. People love watching fights, accidents, arguments, etc.. Hello, Jersey Shore!! All the traffic on my threads actually ENHANCED their revenue stream. So why do they fear my presense? It has to do with EGO!! When the spotlight focusses on someone else, their EGO gets BRUISED.

 

But like I said, I don't fight back anymore. I just acknowledge their posts and keep doing what I do. It takes two to Tango but I refuse to dance.

[TheRumpledOne 14]

 

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

 

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

 

P64 HOW WE DECIDE (italics added)

 

=============================================

 

"Now, 2 patterns of market behavior 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)

 

They happen regardless of time frame (with the obvious limitations explained above)

 

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden

 

=============================================

 

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

 

============================================

 

WHY ISN'T EVERYBODY DOING IT?

 

Most of you know I catch a lot of flak on my forums because SOME PEOPLE don't like the way I post.

 

One worn out argument that is used repeatedly is, "If this is so (simple, great, profitable, ), then why isn't everybody doing it?"

 

Simple answer is because SOYLENT GREEN is people!

 

We all know exercise is great, but how many actually exercise?

 

We all know smoking is bad, but how many do it anyway?

 

We all know which foods are bad for our health, but how many eat those foods?

 

We all know that we should save for our future and spend less than we earn but who does that?

 

The list is almost endless.

 

As long as there are people, there will always be some STUPID people and some smart people making STUPID decisions, where STUPID is defined as knowing better but acting otherwise.

 

Meanwhile, the RATS are still beating the Yale students.

 

=============================================

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne 14]

 

 

<-------------------------------------------------------------------->

 

1) Price within 20 pips of the CURRENT daily low (ClLo < 20) - that is OPPORTUNITY

 

<-------------------------------------------------------------------->

 

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

 

<-------------------------------------------------------------------->

 

Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.

 

THINK ABOUT IT!!

 

 

<-------------------------------------------------------------------->

 

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

 

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

 

POSITION SIZE = RISK / STOP LOSS.

 

<-------------------------------------------------------------------->

 

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

 

2) The "within 20 pips of the CURRENT daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

 

<-------------------------------------------------------------------->

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne 14]

 

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

 

============================================

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne 14]

 

 

The important part is to enter WITHIN 20 pips of the CURRENT daily low. The RAT REVERSAL is only one entry method.

 

<-------------------------------------------------------------------->

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne 14]

 

1) price within 20 pips of the CURRENT 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.

 

 

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

 

<-------------------------------------------------------------------->

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne 14]

 

Let's clear things up:

 

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

 

2) The "within 20 pips of the CURRENT daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

 

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

 

 

Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!!

 

 

The important part is to enter WITHIN 20 pips of the CURRENT daily low. The RAT REVERSAL is only one entry method.

 

 

<-------------------------------------------------------------------->

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne 14]

 

1) Price within 20 pips of the CURRENT daily low (ClLo < 20): This is OPPORTUNITY

 

============================================

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne 14]

 

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

 

<-------------------------------------------------------------------->

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne 14]

 

1) Price within 20 pips of the CURRENT daily low (ClLo < 20): This is OPPORTUNITY

 

============================================

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne 14]

 

1) price within 20 pips of the CURRENT 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.

 

 

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

 

 

<-------------------------------------------------------------------->

 

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[SIUYA 11]

checked out the videos from post 1133 - nice to put a name to the legend

I too have issues with ironing.

[rockaphonics 10]

Whats up with the repetitive spamming of similar materials over and over again?

Are you trying to garner traffic or sth?

Are you a spammer? Why dont you tell everyone the reason for doing so. You seem to be doing this on many forums over and over again.

If you want pple to take you seriously or gain some credibility for yourself, your actions do you no favor. So why are you self-sabotaging yourself?

[TheRumpledOne 14]

Whats up with the repetitive spamming of similar materials over and over again?

Are you trying to garner traffic or sth?

Are you a spammer? Why dont you tell everyone the reason for doing so. You seem to be doing this on many forums over and over again.

If you want pple to take you seriously or gain some credibility for yourself, your actions do you no favor. So why are you self-sabotaging yourself?

 

Profitable trading IS repetitious. The trader keeps doing the same thing over and over and over again, day after day after day after... That is the reason why I keep showing the same things over and over again.

 

If I were to change methods, systems, indicators every week or month, how would that benefit the readers? They would be CONFUSED.

 

People learn through REPETITION. Repetition is how you MASTER a skill whether it be music, art, woodworking, cooking or trading.

 

“I am not forcing you to accept my concepts. 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. Thanks for your opinion.”