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.
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.
If over the last 2 days there has only been one instance of 8 green bars in a row and you have 7 showing with an 8th forming, stats say theres little chance of there being another green bar..
Yes, in terms of the candle being either green/red generally the odds will be 50/50.. actually the bar can be neutral too, so that changes the odds. BUT with stats showing that 8 Green in a row has only happened once over the past 2 days meaning its RARE to see 8G in a row, odds change, in favor for red.
Obviously, the longer the time period the better chances. Meaning if there had only been ONE instance of 8 Green in a row over 3 weeks and say, 5 instances of 7 Green in a row. And you have 7 green and the 8th forming, the odds arn't 50/50. You have more chance of seeing a red.