NEVER LOSE AGAIN!! TheRumpledOne

This is a discussion on NEVER LOSE AGAIN!! TheRumpledOne within the Discretionary Trading forums, part of the Methods category; : Originally Posted by pierre23 I havn't read through this whole thread.. I stopped at page 7 - and already ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 26, 2008, 2:21am   #751
Joined Feb 2006
This Is My First Post Here ! I Know Tro !

:
Quote:
Originally Posted by pierre23 View Post
I havn't read through this whole thread.. I stopped at page 7 - and already I'm sick of all the garbage half you incompetent fools have to say. TRO's methods WORK. I don't understand how as soon as he posts he gets negative feedback and people questioning his method. He's not asking you to read, quite frankly it's in the best interest of the people who DO want to learn for you people who want to critisize to STAY OUT.

Let me clear one thing up (I don't know if this has already been said, as I havn't read the whole thread), the concept to 'Never Lose Again' DOESN'T mean you'll never have a LOSING trade. Yes, using these methods DO stack winning in your favor, but there WILL be losing trades. IN THE LONG RUN, YOU WILL, NEVER LOSE AGAIN. You ask for statements etc showing this working... there have been MULTIPLE posts of people making PROFIT AND SHOWING the proof. Do a little research, read through the other Never Lose Again threads and you will see. I don't know the forums rules for posting other links but on babypips forum Dragon posts his statements. He is one person whos done extremely well, and it's PROOF for you critics.

Now, I could sit here all day posting charts of successful trades, but I don't feel it should be necessary.. I have charts posted at kreslik.com. All I do is 'LINE TRADE'. ENTER THE DIRECTION OF PRICE, AND LET PRICE COME TO ME. If price is going down I WILL NOT GO LONG. If price is heading up I WILL NOT GO SHORT. The more you trade, the more you'll eventally SEE where price is heading and the more PROFITABLE trades you'll have.

Yes, the stats DO help. Think about it. If there has only been one situation where there was 8 GREEN H1 Bars in a row over say, the last 2 days. And you have in front of you 7 GREEN BARS and the 8th is forming, would you place an entry for long? If you statistically know theres very little chance of being an 8th GREEN bar, would you still place an entry for long?.. I don't know about you, but I would definately place a market order for a short trade maybe 5-10 pips (depending on the volitility of the pair) away from the candle opening price, OR, enter short at a HORIZONTAL LINE.

These methods DO work. TRO is trying to teach you. Is he asking for money? Is he selling indicators? Is he really, "MISSLEADING" you? If I recall correctly in one post he promotes to NOT use ANY indicators, as you DON'T need them.

Hello

This is my first post here. I just read this post that I am answering and by chance I personally know Tro and his method works. This post is unsolicited.

Just do your homework. It is Human Nature to be suspicious but Tro is the real deal.

Have a good evening all !
Warren Forex is offline   Reply With Quote
Thanks! The following members like this post: johnlvs2run
Old Nov 26, 2008, 2:31am   #752
 
TheRumpledOne's Avatar
Joined Aug 2006
TheRumpledOne started this thread pierre23:

Please remember STATISTICS are history and PROBABILITIES are FUTURE.

There are no probabilities in trading .... ANYTHING CAN HAPPEN. We can only look at the statistics and say whether or not something is more or less likely to happen. If 8 green bars in a row is a rare occurrence, then we look to short. But we really can not assign a probability to it.

dcraig1:

Yes, it's an open forum. But open does NOT imply rude. Unfortunately, it doesn't imply polite either.

But I believe there are forum rules. The admins are giving some of you a lot of rope, IMHO.

The discussions should stay ON TOPIC.

Attacking the messenger is OFF TOPIC.

If you think my HORIZONTAL LINE trades do NOT work. Then, by all means, "cherry pick" losing trades and post them for all to see. I would prefer that to the flaming that has been occurring.

I have been posting M1 charts almost every hour showing what happened at the random horizontal lines from the challenge. Haven't been many losers.
__________________
"IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!!"


You are on the INTERNET, if you google search, you'll probably find what you are looking for.
TheRumpledOne is offline Coach/Trainer   Reply With Quote
Old Nov 26, 2008, 2:32am   #753
Joined Nov 2004
Quote:
Originally Posted by Warren Forex View Post
:
It is Human Nature to be suspicious
It is not a question of human nature, it is a question of due diligence and critical thinking.

Though I often am suspicious of first posts defending "gurus".
dcraig1 is offline   Reply With Quote
Old Nov 26, 2008, 2:40am   #754
Joined May 2008
Quote:
Originally Posted by UKtradergirl View Post
Xmess- good to see that by adding modifications to TRO's strategy it is working for you. I can see how you might have an edge by adding the filters in that you have- brilliant work.
Thank you for your response .
For my next trade (which will be tommorrow) I will use nothing. No indicators, no lines, no nothing... just dive in butt naked LOL!!
(warning could cause detremental damage to those imagining this LOL)

- The lines help me cause I am lazy to imagine them
- The Average H1 range helps cause I am lazy to use my EYES and SEE the range
- The spread thingy well that I do have to look it up.
- Well at the least I can imagine staircases LOL...

Anyhow... By being able to just SEE the priceaction I can trade using any platform or Hec... give me paper, pencil, and a phone (to get the data) LOL.
Damn I should try that... you never know there may some sort of internet outage LOL.

Anyhow this is fun... if anyone needs tips, help, etc let me know (xmess777@yahoo.com). I will gladly helpout. But remember in the end YOU need to figure out how this method works for YOU.

Case in point. I started doing the 5-10 TP but have progresses into the 50-70 TP cause by practice I developed conditions that I SEE and got confortable with PRICE doing its thing. Is it still scalping?? I am already starting to use the 4H timeframe to do some trades... I can see myself shifting over to the D1 timeframe..I wonder what my daily or weekly pips will be at that point?

Naw, what for! The ideal plan would be to up the lots and just go for 6-10 pips a day (much higher probability of doing that). We'll see, just having too much fun to stop at this moment.

Jess
xmess7 is offline   Reply With Quote
Thanks! The following members like this post: johnlvs2run
Old Nov 26, 2008, 2:56am   #755
 
TheRumpledOne's Avatar
Joined Aug 2006
TheRumpledOne started this thread
Quote:
Originally Posted by dcraig1 View Post
It is not a question of human nature, it is a question of due diligence and critical thinking.

Though I often am suspicious of first posts defending "gurus".
When did I get promoted to "guru"?

Sounds like you're killing the messenger.
__________________
"IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!!"


You are on the INTERNET, if you google search, you'll probably find what you are looking for.
TheRumpledOne is offline Coach/Trainer   Reply With Quote
Old Nov 26, 2008, 3:10am   #756
Joined Nov 2008
Quote:
Quite frankly, thats a lot of nonsense.

If the suggested trading methodology (and I'm being generous in my terminology here) cannot stand up to criticism, then there is a big red flag already.

This is an open forum and should remain so - not some venue for some "guru" to gather acolytes.
Quite frankly I can see half of you critisize BEFORE you actually TRY to learn what TRO is trying to teach. Yes, this is an open forum, and CONSTRUCTIVE critisizm would be fair. But actually CRITISIZING the methods TRO is trying to teach before even attempting to comprehend what he's actually telling you is plain ridiculous. The 2nd page already people are putting down his methods. Now, tell me you wouldn't get pissed off with people judging your methods your trying to show to others when you KNOW they ARE successful methods.

Quote:
As for posting charts of trades, they prove nothing whatsoever. There is absolulely no statistical validity in a cherry picked sample.[/
If the charts don't do it for you, I've already said, and TRO's already posted accounts of OTHERS having success, described in their posts. You can also see trade reports and STATEMENTS people have posted, showing their increasing REAL account size. If that doesn't prove anything to you, the only other thing would be to have an open mind and try and learn what TRO is showing you, and trade yourself. But I find that it would be too hard for you because it seems you have a negative attitute towards his methods.
pierre23 is offline   Reply With Quote
Old Nov 26, 2008, 3:24am   #757
Joined Feb 2006
Sometimes Common Sense Trumps Intelligence !

Quote:
Originally Posted by dcraig1 View Post
It is not a question of human nature, it is a question of due diligence and critical thinking.

Though I often am suspicious of first posts defending "gurus".
Please accept this post as positive and friendly. I can assure you that I have been a member here but that was my first post.

I see you have logic and intelligence but you already know that. Common Sense combined with intelligence goes a long way. Ego is usually what gets in the way.

You have the right to use or not use the information. You could be right based on how you see things. My only point was to say Tro (Not His Real Name) is a real person without hidden agenda's.

He had no idea that I even was going to post here.

I wish you good success and this is now my second post.
Warren Forex is offline   Reply With Quote
Old Nov 26, 2008, 5:26am   #758
 
TheRumpledOne's Avatar
Joined Aug 2006
TheRumpledOne started this thread Click the image to open in full size.

Looks like 2 more winners...
__________________
"IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!!"


You are on the INTERNET, if you google search, you'll probably find what you are looking for.
TheRumpledOne is offline Coach/Trainer   Reply With Quote
Old Nov 26, 2008, 5:33am   #759
 
TheRumpledOne's Avatar
Joined Aug 2006
TheRumpledOne started this thread Click the image to open in full size.

Looks like there may have been 1 or 2 losers a few hours ago. Looks like long entries at 1.3025 got stopped out.

I know some people will be so happy to see a losing trade.
__________________
"IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!!"


You are on the INTERNET, if you google search, you'll probably find what you are looking for.
TheRumpledOne is offline Coach/Trainer   Reply With Quote
Old Nov 26, 2008, 7:06am   #760
 
TheRumpledOne's Avatar
Joined Aug 2006
TheRumpledOne started this thread Click the image to open in full size.

Another winning trade.
__________________
"IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!!"


You are on the INTERNET, if you google search, you'll probably find what you are looking for.

Last edited by TheRumpledOne; Nov 26, 2008 at 7:46am.
TheRumpledOne is offline Coach/Trainer   Reply With Quote
Old Nov 26, 2008, 9:50am   #761
 
UKtradergirl's Avatar
Joined Oct 2008
Quote:
Originally Posted by TheRumpledOne View Post
When did I get promoted to "guru"?

Sounds like you're killing the messenger.

Don't you want promotion?!?

--

Anyone can call trade entries, as TRO is doing here. You can use any method under the sun for doing this. The real test comes when it is time to manage that trade once it is entered. TRO offers the 'watch the price action' method which is no help whatsoever. Even when pushed to define some exact money management rules he only comes up with a rough idea (strange considering he has been doing this for years) and admits that it is not going to give the best results.

I quote from one of my favourite trading books:

"Beginners keep looking for promising trades and assume that finding them will make them money. They search for entries, while professionals spend a lot of time and energy planning their exits.... Survivors know the essential truth- you don't get paid for entering trades, you get paid for exiting them"

Exits are a vital part of any way of trading. Why have you not spent adequate time and energy on this point? This is the vital flaw in your trading. The author goes on to explain why just watching for price action after you enter a trade is not a great idea.

Any way of trading which does not show how to exit a trade or manage it- flags up an immediate warning in my head. Any fool can devise a system for entering a trade. I could come up with 20 ways- and in your chatroom yesterday we talked about some-- like entering at any random time in the direction of the hourly candle, or entering at 5 minutes past every hour in the direction of the candle, etc. You agreed with me on these points, you said, "why not?"

This just shows that your entries are just a random concoction and bear no significance at all. And your system doesn't adequately describe exits or management

So i ask... what is left...??!!
__________________
UKtradergirl is offline   Reply With Quote
Thanks! The following members like this post: north5 , Mr. Charts , JTrader , timsk
Old Nov 26, 2008, 12:33pm   #762
 
zupcon's Avatar
Joined Nov 2004
In the interest of balance, another losing trade at 11:01 EURUSD long from 1.2978 -20, so only another 4 winners required to claw the losses back
zupcon is offline   Reply With Quote
Old Nov 26, 2008, 12:56pm   #763
Joined May 2008
Look ma no indicators

Ok folks. Here is my first trade on my live account today(11/26/08). I took off all the indicators and just used my EYES. I am posting before and after. Results +10pips. Right now I am waiting for the next hour candle to form for the next trade. I figure a reversal is in place. See below.

Sorry for that label on image. But I think you can see that the third H1 candle has just formed. It is positive at this moment. My target entries are the horizontal lines 145.25 to go LONG. 145.00 to go SHORT.
Eyeballing I see that H1 average is good (looks like greater than 30 pips).
Price is not doing the side by side thingy... I see the start of a staircase.
Plus it might form a third candle of the same color, odds are it may happen.
Click the image to open in full size.

Alrighty, entered trade SHORT at 145.91, 0310 (got in late, price shot to quickly down)
Since I noticed price was so slow I got out as soon as it reached 154.81(0316).
I did see it go up to as much as 154.03 (-13pips) but my mental stop was not hit (-20pips).
Click the image to open in full size.
xmess7 is offline   Reply With Quote
Old Nov 26, 2008, 2:25pm   #764
 
UKtradergirl's Avatar
Joined Oct 2008
Results of the horizontal line strategy EA created by North5


I have posted these under a separate thread as this one is getting rather big and difficult to locate the info.

http://www.trade2win.com/boards/fore...t-results.html
__________________
UKtradergirl is offline   Reply With Quote
Old Nov 26, 2008, 2:29pm   #765
Joined Jul 2007
Quote:
I have posted these under a separate thread as this one is getting rather big and difficult to locate the info.
and they're also discussing currency trading in the equities forum
croker is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
All you need to trade is a horizontal line - TheRumpledOne TheRumpledOne First Steps 414 Apr 20, 2017 8:03pm
TheRumpledOne is now coding FREE indicators for MT4 TheRumpledOne Trading Software 207 Nov 7, 2016 4:25pm
THE BUY ZONE - TheRumpledOne TheRumpledOne Forex 177 May 20, 2014 11:39pm
You have to lose before you can win ... GotGold First Steps 6 Oct 6, 2004 10:12am

LinkBacks (?)
LinkBack to this Thread: http://www.trade2win.com/boards/discretionary-trading/41916-never-lose-again-therumpledone.html
Posted By For Type Date
kreslik.com - Traders Community :: View topic - 2010.09.23 A NEW RAT IS IN TOWN This thread Refback Oct 18, 2010 4:48pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)