All you need to trade is a horizontal line - TheRumpledOne

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Old Jan 18, 2008, 12:28am   #1
 
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All you need to trade is a horizontal line - TheRumpledOne

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!
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Old Jan 18, 2008, 8:18am   #2
Joined Dec 2003
OK, I'll try it. Ftse100 buy 7500 sell 4500
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Old Jan 18, 2008, 12:11pm   #3
 
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Quote:
Originally Posted by TheRumpledOne View Post
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!
OK FTSE closed at 5902 last night. I set up horiz lines +/- 10pnts. So if I sold at 5892 this morning then bought at 5912 a little later - where does that leave me now...??

Define "COMMON SENSE" please..... How would I have made a profit today under your system?
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Old Jan 18, 2008, 12:19pm   #4
 
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Originally Posted by Hoggums View Post
OK FTSE closed at 5902 last night. I set up horiz lines +/- 10pnts. So if I sold at 5892 this morning then bought at 5912 a little later - where does that leave me now...??

Define "COMMON SENSE" please..... How would I have made a profit today under your system?
It is NOT THAT EASY, I suppose
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Old Jan 18, 2008, 12:52pm   #5
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Originally Posted by Hoggums View Post
OK FTSE closed at 5902 last night. I set up horiz lines +/- 10pnts. So if I sold at 5892 this morning then bought at 5912 a little later - where does that leave me now...??

Define "COMMON SENSE" please..... How would I have made a profit today under your system?
I think that you should have made a profit on that short by moving your stop down. There was a good profit there. It's like Steve says on the "3 kings" thread. Some of us let the market take the profits back, again. Then, if you'd bought 10 points above the low, you'd be in business.

All hindsight, of course.

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Old Jan 18, 2008, 1:10pm   #6
 
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Thumbs up Re: All you need to trade is a horizontal line - TheRumpledOne

Quote:
Originally Posted by Hoggums View Post
OK FTSE closed at 5902 last night. I set up horiz lines +/- 10pnts. So if I sold at 5892 this morning then bought at 5912 a little later - where does that leave me now...??

Define "COMMON SENSE" please..... How would I have made a profit today under your system?
well keeping it pegged to the opening example I make it


5920 BUY

5902 close

5884 SELL


Based on .30% of close rounded as buy/sell lines.

How does that pan out any good ? I suppose the opposite lines are the stops ? Sure this type of break out has been tested beyond detruction already ...
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Old Jan 18, 2008, 1:10pm   #7
 
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Quote:
Originally Posted by TheRumpledOne View Post
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!

" There is an entire industry built around making you think its complicated " ...!!


THAT IS SO TRUE - !!
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Old Jan 18, 2008, 3:07pm   #8
Joined Dec 2002
Post Re: All you need to trade is a horizontal line - TheRumpledOne

Quote:
Originally Posted by Hoggums View Post
OK FTSE closed at 5902 last night. I set up horiz lines +/- 10pnts. So if I sold at 5892 this morning then bought at 5912 a little later - where does that leave me now...??

Define "COMMON SENSE" please..... How would I have made a profit today under your system?
TRO's basically referring to his BUYZONE strategy that usaes horizontal lines.
Overall, with correct money management there should be positive expectancy and decent profits available. Not all trades win though, and your example on the FTSE may well be one such trade that lost.
BUYZONE isn't a holy grail afterall. Nor is any strategy that I've seen.
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Old Jan 18, 2008, 3:13pm   #9
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I think there is only one thing missing here and that is money management. Without it you will not succeed no mtter what you do or don't do.
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Old Jan 18, 2008, 3:21pm   #10
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I think there is only one thing missing here and that is money management. Without it you will not succeed no mtter what you do or don't do.


ok we need money management rules.............tro can you kindly provide us with yours or can anyone else provide us with some idea's or a model that would work with the buyzone.......im not talking about where to set stops, im talking about how much % we risk per trade etc.


thank you,

jason
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