All you need to trade is a horizontal line - TheRumpledOne

This is a discussion on All you need to trade is a horizontal line - TheRumpledOne within the First Steps forums, part of the Reception category; Originally Posted by TheRumpledOne Funny, this person seems to have a mind of their own yet listens to what someone ...

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Old Jan 24, 2008, 4:41pm   #36
 
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Originally Posted by TheRumpledOne View Post
Funny, this person seems to have a mind of their own yet listens to what someone says about bulletin boards. Surprised they didn't find out for themselves.
Some Americans have a problem with irony, I've heard.
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Last edited by rols; Jan 24, 2008 at 7:45pm. Reason: phraseology
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Old Feb 3, 2008, 2:06am   #37
 
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TheRumpledOne started this thread Back to the HORIZONTAL LINE.

Has anyone noticed just how many pips you can make if you simply trade in the direction of price movement when the price ends in 00, 25, 50, 75?

Yesterday the USDJPY crossed 106.00 down and then up (see attached chart)

This is such a simple, yet profitable scalp trade.
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_tro_00.gif  

Last edited by TheRumpledOne; Feb 3, 2008 at 2:15am.
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Old Feb 3, 2008, 2:59pm   #38
 
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ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

TRADING IS SIMPLE.

There is an entire industry built around making you think it is complicated.

All you need is a HORIZONTAL LINE on your chart to be a profitable trader.

I bet you doubt me, don't you?

AAPL computer closed at $162.00 today.

Put a HORIZONTAL LINE AT $162.50 , if the price of AAPL moves up to that line, BUY.

Put a HORIZONTAL LINE AT $161.50 , if the price of AAPL moves down to that line, SELL SHORT.

IT IS THAT SIMPLE!!

You can do this with other stocks, currencies, futures, etc.

Oh when to take profits? Where to place stops? Just DON'T BE GREEDY and use COMMON SENSE! Learn some money management.

My BUY ZONE strategy is based on HORIZONTAL LINES. Check it out.. IT'S FREE!
What will happen if the market starts fluctuating between 161.5 - 162.5 ???

or even worse between 161 - 163 ???

where have you put your stop loss orders ??
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Old Feb 3, 2008, 4:01pm   #39
 
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What will happen if the market starts fluctuating between 161.5 - 162.5 ???

or even worse between 161 - 163 ???

where have you put your stop loss orders ??
What happens...?

I would make more money!!

I would trade the bounces.

Price either goes up or down... it is simple to tell which way it is going.

Stop Loss is always a maximum of 7 pips from entry.

I usually use a 60 minute chart and trade in the direction of the candle color... SIMPLE!
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Old Feb 3, 2008, 6:57pm   #40
 
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What happens...?

I would make more money!!

I would trade the bounces.

Price either goes up or down... it is simple to tell which way it is going.

Stop Loss is always a maximum of 7 pips from entry.

I usually use a 60 minute chart and trade in the direction of the candle color... SIMPLE!
ok maybe i was not so clear....

the market goes to 163 you receive your buy signal and buy !

unfortunately the market goes straight down and hit your stop loss. But at that time you get also your sell signal so you sell but again the market change direction and move up and hit your stop loss again !!! But at that time you get your buy signal again and....got it ??
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Old Feb 3, 2008, 7:19pm   #41
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ok maybe i was not so clear....

the market goes to 163 you receive your buy signal and buy !

unfortunately the market goes straight down and hit your stop loss. But at that time you get also your sell signal so you sell but again the market change direction and move up and hit your stop loss again !!! But at that time you get your buy signal again and....got it ??
this system hes explaining would work great right now because everything is whipping so far in both directions,its actually a great idea if he's diligent with the stops,when they crush the volatility and the s&ps go back to 30 point daily range it wont,but he'll have made plenty of cash by then like they say in that guiness commercial, BRILLIANT!
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Old Feb 7, 2008, 4:19am   #42
 
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ok maybe i was not so clear....

the market goes to 163 you receive your buy signal and buy !

unfortunately the market goes straight down and hit your stop loss. But at that time you get also your sell signal so you sell but again the market change direction and move up and hit your stop loss again !!! But at that time you get your buy signal again and....got it ??
You it is funny that so many people try to find a way that the Buy Zone won't work. They will spend hours, days, weeks, etc.. trying to prove it doesn't work.

If they would only realize that if they looked for how it could work for them, then they would be on the winning path.

I hear from people on almost a daily basis who are thanking me for showing them the Buy Zone because, for once in their trading careers, they are making money.
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