2009.07.02 BACK TO BASICS - K.I.S.S.

[TheRumpledOne]

2009.07.02 BACK TO BASICS - K.I.S.S.



I been looking at what's been going on in some of the threads. WAY TOO COMPLICATED!! I admit that because I am a prolific indicator coder that you may be tempted to load up your charts with indicators... RESIST TEMPTATION!!

Time to get back to basics and KEEP IT SIMPLE!

Pick ONE direction and only trade that way when price hits a line. Stick with that direction for the entire session. When you meet your goal, quit. Do not be like Vegas gamblers who give back their winnings.

[prochargedmopar]

Like me?

For vegas style trading see my log.

LOL

[monolisa]

Agreed, TRO. I have no doubt that the trading ideas within this forum are wonderful, but the vast amount of information sort of distract us from the basic and the simplicity of trading. I think everyone should pass TRO 101 (horizontal line) before moving on to the next level

KISS is the way!

[monolisa]

If you want to know what indicators are used on the chart, they are:

1. TRO2009_Multi_Meter_CandleColor
2. SweetSpotsGold
3. Magnified Market Price

Not sure what the indicator on the left upper corner called. Anyone can help??

Lis

[aVi]

If you want to know what indicators are used on the chart, they are:

1. TRO2009_Multi_Meter_CandleColor
2. SweatSpotsGold
3. Magnified Market Price

Not sure what the indicator on the left upper corner called. Anyone can help??

Lis

$_TRO_Time

[Patch]

MonaLisa

I love your newly posted picture, it is even better than the original of you, and this was a great movie, both of them. And you also have a great handle to begin with.

I just got my thank you package from TRO and will go through it and reading the several PDFs I've downloaded to catch up and learn more about Draining the Banks. I definitely have a tude about banks and all the mess they contributed to here in the USA and around the world, and then came the government bailouts. I believe trading is the safest haven in today's environment. Although I am beginning to wonder what industry will be nationalized next and what freedoms will remain in another 6 months. Even cutting back on hedging, what next?

Patch
In VA

[monolisa]

Thanks, Patch. Nice to meet you

I agree with you. Things are indeed changing. But everything sort of shift between extremes (just like trading). So seize the moment, good things will come

Lis

[pablo101]

Agreed, TRO. I have no doubt that the trading ideas within this forum are wonderful, but the vast amount of information sort of distract us from the basic and the simplicity of trading. I think everyone should pass TRO 101 (horizontal line) before moving on to the next level

KISS is the way!

Hey guys, I agree, so many indicators and lots of system/methods flying around this site. Time to get back to basics

Can someone post a chart of this rule as I'm a little confused. Do you mind putting some arrows so I can see what I'm looking at. Here's the rule:

"Only enter break trades on bar 2 of a run when price is at the highest high and highest low of the previous 3 bars"

Thank you

[Nessa Novembian]

Hi Tro,

Your rules when use sweet spot gold that we entry when the price hit the line with H1 direction. and how about the this candle on the red circle, it has hit 1.6325 but then it bounch. so where our Sl. do we close if the H1 candle color change?

[TheRumpledOne]

That candle is LATE TO THE PARTY!!

The first line south was at 1.6400.

Price already moved about 100 pips.

The LONG was at 1.6350.

You should have made enough pips.

And even if you lost, you won on the next green candle.