TRADING IS SIMPLE ... (TheRumpledOne)
- Thread starter TheRumpledOne
- Start date
1) Price within 20 pips of the CURRENT daily low (ClLo < 20): This is OPPORTUNITY
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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
Quote from tenthousandmen:
5.) One of TRO's videos says he has experienced "1,000 indicators" in his "10 years of trading". If this were a Goldman interview (or any big interview for that matter), you'd almost certainly kibosh your goal of a job offer. This shows a terrible understanding of data, not so much from a math point of view but a judgement and ego/mantra point of view. People who have bad judgement and believe they're experts haven't realized that they're wrong almost all of the time ("when one realizes that they are always, always wrong, they then become correct - and can move forward"). 1,000 indicators in 10 years would be about 100 indicators a year, or 1 indicator every 3-4 days on average. I doubt TRO kept up that record. Maybe it was a memory fluke on camera... I don't know for certain!
5.1) Making fun of "squligely line guys" also reflects the same points I made above. I think TRO should express this as how nice horizontal lines are and the benefits of them.
Thank you, TRO, for the youtube channel and DTB system - very good reading, and nice to get a refresh on what some ego freak shows on this board seem to of never learned!. [/B]
I said I have probably coded over a thousand indicators in the past 10 years. That is NOT a memory fluke. I probably coded close the that number of TradeStation indicators alone. Not to mention eSignal, QuoteTracker and MT4.
Hey, if you can't joke about something, you might as well be dead... LIFE IS SHORT... HAVE SOME FUN!!
I am happy to hear you enjoyed the videos. You're welcome!! Thanks for watching.
This post is for those who think that the RAT experiment is flawed. If you have not read my other threads you have not seen this before.
The above chart is a frequency distribution of the wick sizes for the GBPUSD daily candles over the last 10 days.
Your first criticism will be, "IT'S ONLY 10 DAYS. THAT DOESN'T MEAN BEANS." Well, the numbers hold up for 1000 days but you don't have to take my word for it.
Moving on....
You can see the bottom wick is 20 pips or more 60% of the time. Statistics are HISTORICAL. Do not confuse this with PROBABILITY! This is why the OPPORTUNITY lies within 20 pips of the CURRENT DAILY HIGH or CURRENT DAILY LOW.
The gray dots on each candle are 20 pips for the high and low of the day. The lower histogram shows the actual wick sizes for each day.
Of course, during the day you don't know if the CURRENT HIGH or CURRENT LOW will be the ACTUAL high or low until the day is over. THIS IS TRADING, YOU TAKE A RISK!
Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!!
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The important part is to enter WITHIN 20 pips of the CURRENT daily low. The RAT REVERSAL is only one entry method.
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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
There is no benefit in that. The trade would be over. And it would be a very boring video. Not to mention, it could be long. Furthermore, I would be accused of "cherry picking" trades. I have been down that road and I know where it goes. That's why I have a free chat room. That's where trades can be discussed in real time.
I post charts of OPPORTUNITY almost every day so traders who follow my threads can see what I see. Though on Elitetrader, I am RESTRICTED to what I can post else I get banned for "branding". Many forums are threatened by my presense. They think I'll have a negative effect on their cash flow.
How about posting how the opportunities that you take work out. We could all post "opportunities" that the market offers from any number of setups or systems. The actual results of the trader is all that matters.
Just an end of day chart with trades would certainly draw more supporters.
Just an end of day chart with trades would certainly draw more supporters.
The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.
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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
Supporters? I am not running for office...LOL!!
I am only posting opportunities for RAT REVERSALS for the pairs that I trade. It should be obvious to the reader whether or not the trades "work out".
âI 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.â
There are many ways to trade TRO's methods including adjustments in each segment of the trade : Entry / Exit / Profit Target / Stop-Loss. Mathematical methods that simply work over TIME.
As for supporters, his methods are too simple for most people, but one should understand this FACT:
"The successful trader may indeed trade patterns that appear to be simple. Behind these seemingly simple ideas, however, is a high degree of conceptual integration."
Brett Steenbarger, Ph.D.
As for supporters, his methods are too simple for most people, but one should understand this FACT:
"The successful trader may indeed trade patterns that appear to be simple. Behind these seemingly simple ideas, however, is a high degree of conceptual integration."
Brett Steenbarger, Ph.D.