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-   -   Never Lose Again!! (http://forums.babypips.com/show-me-money-daytrading/16021-never-lose-again.html)

edacsac 09-17-2008 01:49 PM

Quote:

Originally Posted by n8rader (Post 68727)
Exactly...

edacsac - the "3" on the chart is part of the 3 Level ZZ Semafor indicator, like TRO mentioned, but that particular price point was indeed the start of the 1-2-3 pattern I was looking at.

Thanks both of you. I knew the #3 had other significance, but I was wondering if it was part of your particular 1-2-3, so I could follow what your doing. Thanks for letting me know!

dragon33 09-17-2008 01:51 PM

Quote:

Originally Posted by TheRumpledOne (Post 68766)
What broker/platform is that?

My private trade.
I choose that because there is a trader community here in Belgium promoting it. It is a rliable broker but with a big spread.
Never problems about withdrawing etc.

Sweet Pip 09-17-2008 01:51 PM

Quote:

Originally Posted by dragon33 (Post 68764)
I am learning mbt broker in demo an yes you must be quick sometimes.
I am often to late also

Yes, I'm working with MBT demo too...can't seem to place any orders from the Market Depth (Level 2?) window...maybe it doesn't work in demo mode. :confused:

Also I can't find where to change the demo starting balance or margin....TRO do you know? I wanted to start at $1k, but it defaults to $10K, and margin at 1:100 I think.

:)

dragon33 09-17-2008 01:53 PM

Quote:

Originally Posted by Sweet Pip (Post 68770)
Yes, I'm working with MBT demo too...can't seem to place any orders from the Market Depth (Level 2?) window...maybe it doesn't work in demo mode. :confused:

Also I can't find where to change the demo starting balance or margin....TRO do you know? I wanted to start at $1k, but it defaults to $10K, and margin at 1:100 I think.

:)

I think you can't change, you need to use the default settings.

dragon33 09-17-2008 01:56 PM

http://i34.tinypic.com/dw9hc1.jpg

Look at that run. :eek:

Get ready for some pips down.

TheRumpledOne 09-17-2008 01:58 PM

Quote:

Originally Posted by Sweet Pip (Post 68770)
Yes, I'm working with MBT demo too...can't seem to place any orders from the Market Depth (Level 2?) window...maybe it doesn't work in demo mode. :confused:

Also I can't find where to change the demo starting balance or margin....TRO do you know? I wanted to start at $1k, but it defaults to $10K, and margin at 1:100 I think.

:)

Right click on the Market Depth window.

Click on SHOW ORDER ENTRY.

dragon33 09-17-2008 02:03 PM

eur/usd is still going up

Pitty i left that on the table!!!

Don't worry there will be other adventures

stephangiunta 09-17-2008 02:08 PM

something big in view on gbpjpy??

or just ranging???

we'll see...

dragon33 09-17-2008 02:10 PM

Quote:

Originally Posted by Sweet Pip (Post 68770)
Yes, I'm working with MBT demo too...can't seem to place any orders from the Market Depth (Level 2?) window...maybe it doesn't work in demo mode. :confused:

Also I can't find where to change the demo starting balance or margin....TRO do you know? I wanted to start at $1k, but it defaults to $10K, and margin at 1:100 I think.

:)


Where do you see it is level II? I have that window but i don't see anything written about level II.

If i right click i get "show entire order entry" that's it.

dragon33 09-17-2008 02:24 PM

See you next time!!

Gonna take a quick nap before i do my nightshift.

My tradingjob is done for today.

Sweet Pip 09-17-2008 02:25 PM

Quote:

Originally Posted by dragon33 (Post 68778)
Where do you see it is level II? I have that window but i don't see anything written about level II.

If i right click i get "show entire order entry" that's it.

I'm at work right now so I'll have to check this at lunch. No apparently it doesn't outright say, anywhere that I can find either, that the Market Depth IS Level II...but according to TRO, it is:

Quote:

Originally Posted by TheRumpledOne
I use MB TRADING.

I use the MARKET DEPTH (LEVEL II) window to place my trades.

NO, they don't have MT4 charting (yet).

Just use a fixed spread bandit's MT4 demo platform for charting! The quotes are close enough AND once you learn how to read the differences, you'll have a HEAD'S UP on which way the market is about to move.

TheRumpledOne 09-17-2008 02:43 PM

Quote:

Originally Posted by dragon33 (Post 68778)
where Do You See It Is Level Ii? I Have That Window But I Don't See Anything Written About Level Ii.

If I Right Click I Get "show Entire Order Entry" That's It.

Click On Navigate

Click On Market Depth ( That's Level Ii )

Right Click On The Market Depth Window

Click On Show Entire Order Entry.

metalorn 09-17-2008 03:17 PM

Wow, this was an easy one, right out of H1! Short at 1.4357, exit at 1.4341 for +16 pips!

http://i35.tinypic.com/riw5dj.gif

TheRumpledOne 09-17-2008 03:22 PM

Quote:

Originally Posted by metalorn (Post 68790)
Wow, this was an easy one, right out of H1! Short at 1.4357, exit at 1.4341 for +16 pips!

Nice trading.

But what made you go short at 1.4357?

I don't see a HORIZONTAL LINE.

What was your entry trigger?

TheRumpledOne 09-17-2008 03:25 PM

TRO_Multi_Meter_CCI

http://i35.tinypic.com/14bnbl2.gif

I built a new version of my Multi Meter.

This one tells you level by color and direction ( up/down ) by arrowhead.

STAY TUNED....

Sweet Pip 09-17-2008 03:36 PM

Quote:

Originally Posted by TheRumpledOne (Post 68786)
Click On Navigate

Click On Market Depth ( That's Level Ii )

Right Click On The Market Depth Window

Click On Show Entire Order Entry.

Yes that worked! Thank you! :)

Sweet Pip 09-17-2008 03:38 PM

Quote:

Originally Posted by TheRumpledOne (Post 68792)
Nice trading.

But what made you go short at 1.4357?

I don't see a HORIZONTAL LINE.

What was your entry trigger?

Can one use the chart's "grid" lines as a HORIZONTAL LINE?

metalorn 09-17-2008 03:49 PM

Mentally, I was going to enter at 1.4350, but I picked your "random" horizontal level from a few days back, xx57 'cause it was closer :). I know I could have pick 1.4358 or 1.4349, or another random level, preferably close to the candle open.


Quote:

Originally Posted by TheRumpledOne (Post 68792)
Nice trading.

But what made you go short at 1.4357?

I don't see a HORIZONTAL LINE.

What was your entry trigger?


TheRumpledOne 09-17-2008 03:57 PM

TRO_Multi_Meter_Internal

http://i38.tinypic.com/2qan6z8.gif

I created a MULTI METER that you can use to display any of the internal TECHNICAL INDICATORS.

This saves you coding time AND you don't have to look at multiple charts.

The colors and the levels that determine the color are inputs so you have total flexibility and control.

edacsac 09-17-2008 03:57 PM

Are we back to this random horizontal line thing again?

metalorn 09-17-2008 03:58 PM

And the CCI? Looks like a nice aid for entry/exit.

Quote:

Originally Posted by TheRumpledOne (Post 68795)
TRO_Multi_Meter_CCI


I built a new version of my Multi Meter.

This one tells you level by color and direction ( up/down ) by arrowhead.

STAY TUNED....


Sweet Pip 09-17-2008 04:53 PM

Looks like TRO got banned...again....:eek::eek:
...that sucks!

I just shake my head... men!

edacsac 09-17-2008 05:09 PM

Quote:

Originally Posted by Sweet Pip (Post 68810)
Looks like TRO got banned...again....:eek::eek:
...that sucks!

I just shake my head... men!

I think that was an irresponsible decision on the part of babypips.com. Many including myself have been learning quite a bit and anticipating future posts. He's given quite a bit of himself here, unselfishly.

freddyfx 09-17-2008 05:09 PM

vanuit Mexico
 
Spreek je Nederlands en hoe kan ik je direct spreken?

Gefeliciteerd met je goede trades vandaag !!!!

Quote:

Originally Posted by dragon33 (Post 68769)
My private trade.
I choose that because there is a trader community here in Belgium promoting it. It is a rliable broker but with a big spread.
Never problems about withdrawing etc.


stephangiunta 09-17-2008 05:16 PM

did he get banned from here??????

that insane?????

Sweet Pip 09-17-2008 05:18 PM

Quote:

Originally Posted by edacsac (Post 68816)
I think that was an irresponsible decision on the part of babypips.com. Many including myself have been learning quite a bit and anticipating future posts. He's given quite a bit of himself here, unselfishly.

I agree. I guess we can always go over to kreslik.com and continue there... If TRO still feels like it.

freddyfx 09-17-2008 05:26 PM

from Mexico
 
Quote:

Originally Posted by stephangiunta (Post 68819)
did he get banned from here??????

that insane?????

I agree with you.
Guess moderators also have bad days :(

Hee Moderators, we would like to have TRO back here, as without him this thread is worthless.

POR FAVOR !!!!! PLEASE !!!!!

edacsac 09-17-2008 05:27 PM

Quote:

Originally Posted by freddyfx (Post 68821)
I agree with you.
Guess moderators also have bad days :(

Hee Moderators, we would like to have TRO back here, as without him this thread is worthless.

POR FAVOR !!!!! PLEASE !!!!!

Indeed

+1

pablopluto 09-17-2008 05:32 PM

I think TRO provided insight to alot of people here. The back and forth with someone got him banned. It takes 2 to tango and there should be a message on here to when someone makes a comment then some disagrees it becomes a arguement with some people who wants to be right. Ask Tymen if I feel this way If someone gets checked the have to provide a basis for why its right or wrong and when someone diverts from the subjects and starts to down grade the person. Its a 2 way street. I seen it in the posts and somepeople got offended. If you cant take it dont give it. You cant take negative critisism dont even give a comment on anything remotely negative. Then you will be ok.

Sweet Pip 09-17-2008 06:38 PM

Hi TRO,
Even though you can't post here, you are still able to read the posts. Sorry you got banned and many of us feel it's unjustified, and now this forum feels empty. :(

Anyways, just wanted to thank you here for your contribution to the learning process and at least, for now, your posts are kept on for others to find and benefit from.

At least I know you are making a living at this game with "your" way, unlike another whose name begins with T who doesn't with "his" way...and finding that out was a real record scratcher :eek:

I've registered with KRESLIK.com and hopefully you'll feel like continuing with this there.

Thanks again TRO :)

Afro88 09-17-2008 07:06 PM

Wow he got banned??? That's ridiculous, he has helped out alot of people here. I hope they let him come back. Don't lose hope people, there is already everything you need to know contained in this thread! Read, try it out (with a demo account) and repeat.

One thing that I think hasn't been emphasised enough is watching the way price moves in realtime. Just crossing a horizontal line isn't enough, it must have proper movement to it. It can cross the line then start moving properly, doesn't matter. Nearly all of my winning trades have had movement to them when I enter. This has usually got me at least 4-5 pips straight away (taking care of the spread).

Been having good success today only 2 hours in and I'm 21 pips up on 2 trades (21 net after spreads and all other commissions etc are taken out). The significance of 1-2-3 turnarounds has finally clicked with me. Very useful! If I were trading with real money I'd stop here. But because I'm still learning, there's plenty more trades to try!

xmess7 09-17-2008 07:19 PM

Folks:
I recommend the CCI at 30 periods. Instead of the -100, 100 levels set them to -130,-70 and 130,70 levels. I use CCI alot and have observed that entry of the signal into those levels sometimes happen when price is peaking or at a trough. Combing this with the TRO price movement approach helps you to possible stay in the trade longer.


TRO hope that babypips can reinstate you. If not see you in the other forums.

xmess7 09-17-2008 07:22 PM

Sorry, I forgot to mention that the CCI setting I posted were for the TRO_Multi_Meter_CCI.

ijy 09-17-2008 08:07 PM

Ijy
 
Quote:

Originally Posted by Sweet Pip (Post 68820)
I agree. I guess we can always go over to kreslik.com and continue there... If TRO still feels like it.

I agree, it is completely insame to ban TRO. The information he gives out for free and goes way beyond what anyone could expect. Without his contributions- this thread and babypips will be missing out! Please reconsider the ban.

Sweet Pip 09-17-2008 08:46 PM

Quote:

Originally Posted by ijy (Post 68847)
I agree, it is completely insame to ban TRO. The information he gives out for free and goes way beyond what anyone could expect. Without his contributions- this thread and babypips will be missing out! Please reconsider the ban.

Don't hold your breath. There are forum "etiquettes" one needs to adhere to, and should one step out of line with them, then you're out. :rolleyes: ...and I'm saying this with a matured "rebel-ist" background ;)

No matter how good TRO's information is, it's just that he doesn't conform to conformity, and I suspect that is more the case of why he's banned at a good many of the other forums moreso than because of his claims of his "being a threat to their pocketbooks".

TRO, if you want to be in these forums you just have to follow the rules...and yes, be a bit more polished!..even if it kills ya, or don't be surprised that this will continue to happen and not for the reason you think. :D

disbellj 09-17-2008 10:17 PM

NEVER LOSE AGAIN!! Just like TRO said
 
Quote:

Originally Posted by edacsac (Post 68804)
Are we back to this random horizontal line thing again?

Yes. Horizontal lines. Whether placed at "psychological" levels, or random. I like using SweetSpotsGOLD indicator for the horizontal lines myself, to use on M5 timeframe.

Just like TRO said today again: All we need are horizontal lines and color candles. Buy/Sell right when it passes the line. I would choose a pair with a low spread in case you get stuck paying it (e.g. EUR/USD). If price stalls or retraces towards this line, get out. 6 pips is what we're after. Even if we have to pay spread, that's still 4 pips.

With the right money management, that's like 1.25 milion in 200 trades from $500 (20 trades a day for 10 days?). I'll take 3 pips if price stalls. Better than losing. And if it does touch that line again - CLOSE THE TRADE RIGHT THEN!! You want to protect your capital at all costs. The higher your account balance gets, the more you'll be risking if you DON'T shut the trade down QUICKLY!

TRO's also said never trade against the H1 candle. I use TRO's MultiMeter CandleColor indicator placed on the chart to see this without having to go to the H1 chart.

As was just added by another poster, their good trades have price action before they get in. Mine too. I've had three successful trades this afternoon after having a bad morning trying to go by support/resistance (so I don't use support/resistance). I just make sure price is moving - going up or down and not standing still or just hardly moving.

I'm still down for the day, have recently hit my account low as well as mental/emotional low, but I'll get to my goal now. I know that. Maybe not in 10 days, but some day.

So I would say that if you have those things along with good money management, you'll be rich. Take another look at my recreation of the savings calculator I found at Kreslick and posted a link to the page in this thread. I added money management/position sizing. I posted that calculator in this thread in the same post. Now how realistic that is I don't know, but I'm gonna try it. As soon as I get a little better, or at least make sure I'm up to it, I'll increase lot sizes a little at a time using that calculator.

You can do the same.

Now as far as TRO getting kicked off babypips, I can say that if it weren't for TRO, I wouldn't be profitable on these trades today, and only because he kept trying to get me to see the simplicity I have been. I wouldn't even have taken the step to open a live account because my emotions were getting the best of me constantly demo trading, building expert advisors and indicators and getting pretty weighted down emotionally. I can now say that I'm feeling good about scalping. I like that no matter what, it's over in a very short time and I don't have time to worry about anything. I see. I react. If it stalls, stops, or reverses, I'm out QUICK!! TRO has a lot of patience to put up with me. I'm a pain in my own a**. I know I've been a pain in his. But he's gracious and says it's OK. He wants me to learn to trade successfully, and I sure appreciate his selfless giving, as I know others that have done nothing more than read this thread do.

And for the record, I haven't given him any donation. I don't have the money. But I will when I get to my goal, that's for sure.

This is the first time/thread I've posted in at babypips. I can say that if they don't let TRO come back, I have no need to be here either, and this will be the last thread I post in most likely (unless I get like TRO and can't stand seeing people being taken advantage of and can't help but to post and try to help others, well, kind of like I'm doing with this post - to tie things up a bit).

It is truly a sad thing that one who gives more than anybody I've ever encountered in Forex - FOR FREE at that - is banned because someone else wants to cause trouble where there was none before they started it.

It took me more than 10 months to get here from when I started studying Forex. Please benefit from what TRO has given (strategy), what I have given (money management), and what others in this thread that have said/given (encouragement and proof that horizontal lines work).

Hope this helps.

Don

metalorn 09-17-2008 10:51 PM

Don,

so there's no need for horizontal line if you got everything setup and the price is moving, right? Because it might be the case, that you draw a random line and the price takes 10 minutes to get there...

Quote:

Originally Posted by disbellj (Post 68862)
As was just added by another poster, their good trades have price action before they get in. Mine too. I've had three successful trades this afternoon after having a bad morning trying to go by support/resistance (so I don't use support/resistance). I just make sure price is moving - going up or down and not standing still or just hardly moving.

Don


MSW 09-17-2008 11:04 PM

OMG TheRumpledOne is Banned from this forum?:eek:

Did he got Banned forever from this forum or only for some time?

Is there any way to make him back to this forum again?

If there's no way TheRumpledOne can continue this thread, can Dragon33 continue this thread for us? Pleaseee because It looks like you're the only one who can see what TheRumpledOne sees.

Please help us General Dragon33 :)

kiwisteve 09-17-2008 11:14 PM

I must add my voice in full support of TRO and urge the moderators to reconsider. I don't read any other threads in Babypips, just this one because the information contained here is ALL you need to know to successfully trade forex (albeit it must fit with your personal style of trading).

I am very profitable trading "the candle colour at the line". The strategy I am using is to generally place my "horizontal line" at the previous candle High or Low using the H1 chart. Now, this is not hard and fast, I may adjust the position of the horizontal line if there is nereby support or resistance (again just off the hourly chart). I also take particular note of the previous days high and low. Also, I will pass on a trade if my horizontal line is too far away with reference to the average hourly range eg. if price has to move say 100 pips to break my line, I will not take the trade as the probability of the move continuing is not as great.

My entry to go long at a horizontal line is confirmed if H1, H4, and D1 are all green (or will be green) at the line. Conversely, I go short if H1, H4 and D1 are all red (or will be red) at the line. I am not saying that this is what TRO does, this is what I do and it's working well.

I am still experimenting with stop loss / postion sizing / exiting etc. At the moment, I'm using a 20 pip stop loss and 20 pip take profit. I also usually move my stop to break-even after I'm in profit 10 -15 pips.

I post this, not because it's necessarily a great method (in fact still pretty much unproven over a large sample of trades), but it may inspire others to play around with TRO's philosophy of horizontal lines and candle colours to arrive at a strategy and time-frame that suits the individual.

Good trading (and bring back TRO!).

BTW TRO, can I pass on my sincere thanks for making me SEE how easy it is to milk the forex market. THANK YOU.

metalorn 09-17-2008 11:25 PM

So, that's a breakout system, right? entering at the tip of the wick on a new candle. Please post a chart so we can see what you're doing! Thank you.

Quote:

Originally Posted by kiwisteve (Post 68876)
I am very profitable trading "the candle color at the line". The strategy I am using is to generally place my "horizontal line" at the previous candle High or Low using the H1 chart. Now, this is not hard and fast, I may adjust the position of the horizontal line if there is nearby support or resistance (again just off the hourly chart). I also take particular note of the previous days high and low. Also, I will pass on a trade if my horizontal line is too far away with reference to the average hourly range eg. if price has to move say 100 pips to break my line, I will not take the trade as the probability of the move continuing is not as great.

My entry to go long at a horizontal line is confirmed if H1, H4, and D1 are all green (or will be green) at the line. Conversely, I go short if H1, H4 and D1 are all red (or will be red) at the line. I am not saying that this is what TRO does, this is what I do and it's working well.



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