ALL YOU NEED TO KNOW ABOUT TRADING

• Price either goes up or down.
• No one knows what will happen next.
• Keep losses small and let winners run.
• POSITION SIZE = RISK / STOP LOSS.
• The reason you entered has no bearing on the outcome of your trade.
• You can control the size of your loss (skill) but you can't control the size of your win (luck).
• You need to know when to pick up your chips and cash them in.

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You cannot control the probabilities of wining or losing.

You cannot control your average win size.

The only part of the equation that you can control is your average loss size.

PRICE ACTION

Now, 2 patterns of market behavior happen on a regular basis:

1. the price breaks to new high's (or low's)
2. the price reverses from new high's (or low's)

They happen regardless of time frame .

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden

1. Price will either breakout of the high, low or both of the previous bar
2. Price will not breakout of the previous bar.

You cannot reduce it any further. Anything else complicates the issue.

ENTERING A TRADE

You either decide to:

1. Wait and do not enter a trade
2. Trade a breakout
3. Trade a reversal.

Those are your ONLY 3 options.

That is all you need to know about trading.

TheRumpledOne wrote: Mon Jul 15, 2019 1:39 pm ALL YOU NEED TO KNOW ABOUT TRADING

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

Huh!?

TheRumpledOne wrote: Mon Jul 15, 2019 1:39 pm ALL YOU NEED TO KNOW ABOUT TRADING

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

COMPLETELY DISAGREE

WHEN TO BUY AND WHEN TO SELL
...is all you need to know about trading.
8-) 8-)

TheRumpledOne wrote: Mon Jul 15, 2019 1:39 pm

holy shit is that really u T.R.O???? where u been all these years????

moey_dw wrote: Mon Jul 15, 2019 3:40 pm holy shit is that really u T.R.O???? where u been all these years????

Oh is it that TRO? I heard these people retire after trading a couple of years and then simply enjoy themselves and nobody hears about them again at least of fx forums.

shaileshm wrote: Mon Jul 15, 2019 4:28 pm

Oh is it that TRO? I heard these people retire after trading a couple of years and then simply enjoy themselves and nobody hears about them again at least of fx forums.

yeah its him!!! he got bann from every dumb forex forums on earth............ dunno why tho........... he make some great toolz back in the days even xard is friend with him

Yes, this is THE RUMPLEDONE ONE AKA TRO.

Yes, I have been banned from many trading forums because some people have mega egos and don't like sharing the spotlight. Not to mention, they can't out debate me nor can they prove my statistics wrong/invalid. Civilized debate on trading forums is practically extinct. Some of the coders got their panties in a twist because I made improvements to their code. And some people get upset because I accept donations for some of my indicators.

My methods were "discovered" using statistical analysis rather than curve fitting backtesting. They work no matter the "market conditions". All that talk about understanding "the market" and "price action" is just their attempt to make themselves look like wizards who hold the secret formula. They dangle byzantine systems and methods to traders who fall for the BS. The charts with all the squiggly lines, geometric shapes, magic numbers, and jet cockpit dashboard are nothing more than eye candy. Those who know my methods see how a horizontal line or two is all you need to trade.

Many traders who have taken me on in trading forums haven't been heard from for years. My methods and I still stand the test of time.

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?

Go long when the price moves UP to a price ends in 00, 25, 50 or 75.

Go short when the price moves DOWN to a price ends in 00, 25, 50 or 75.

IT IS THAT SIMPLE!!

Look at the chart and see how many pips you can make when you trade with the H1 candle color.

You can do this with 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.

moey_dw wrote: Mon Jul 15, 2019 3:40 pm
holy shit is that really u T.R.O???? where u been all these years????

Hanging out on Kreslik. Making YouTube videos.