TRADING IS SIMPLE ... (TheRumpledOne)

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Years later, still working.

GOT CHEESE?
 
Dolemite said:
They say the devil is in the details, and I still don't understand how you profit on these. In your daily wick zone 4 video you show a trade that goes up 10 pips. But what about when price comes down in to the box and then pops back out (the wicks on the following candles). Those were biased to the upside would you take those too? If so, you would probably break even/lose on the day. If not, why wouldn't you?
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Depends on many factors but over trading is a big problem for many traders. I caution traders to have modest daily goals and to build up slowly. Yes, you may miss opportunities but better to miss out than get wiped out.

Thanks for the question.
 
drownpruf said:
Does this dude strike you as successful?
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Looks can be very deceiving...

Would you prefer someone who shows up in front of a (rented) mansion in a (rented) Ferrari, wearing a (borrowed) Rolex watch and a tailored (fake) Armani suit who sells trading systems for thousands of dollars?

If you didn't know Warren Buffet by sight, what would you assume he is a billionaire or a dirt farmer?
 
TheRumpledOne said:
Looks can be very deceiving...

Would you prefer someone who shows up in front of a (rented) mansion in a (rented) Ferrari, wearing a (borrowed) Rolex watch and a tailored (fake) Armani suit who sells trading systems for thousands of dollars?

If you didn't know Warren Buffet by sight, what would you assume he is a billionaire or a dirt farmer?
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I have learned not judge a book by its cover and I have seen traders that can trade in a way many can't. I just can't wrap my head around what trades to take, when to exit (win/losing) based on what you are showing. I guess we all need to take ideas and make them our own to be successful. I do agree with the idea of judging bias via weekly/daily open.
 
Dolemite said:
I have learned not judge a book by its cover and I have seen traders that can trade in a way many can't. I just can't wrap my head around what trades to take, when to exit (win/losing) based on what you are showing. I guess we all need to take ideas and make them our own to be successful. I do agree with the idea of judging bias via weekly/daily open.
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First thing is to unwrap your head and empty out all of the trading stuff that has been crammed in there.

Now, look at a chart with fresh eyes.... What do you see?

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TheRumpledOne said:
First thing is to unwrap your head and empty out all of the trading stuff that has been crammed in there.

Now, look at a chart with fresh eyes.... What do you see?
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I see trade opportunities if/when the price action enters that key price area as shown on the edited chart of your chart.
 
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