Never Lose Again!! TheRumpledOne

[TheRumpledOne 14]

 

HAPPY NFP DAY!

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY

[TheRumpledOne 14]

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY

 

2) Red candle closes

 

3) Green candle closes - note the high price of the green candle.

 

4) Enter long at the green candle's high price

 

5) STOP LOSS IS 10 PIPS

 

6) Take whatever profit you can.

 

7) If the rules do not mention it, then it is of no concern.

 

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[TheRumpledOne 14]

 

 

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

 

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

 

P64 HOW WE DECIDE (italics added)

 

=============================================

 

"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 (with the obvious limitations explained above)

 

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 within 20 pips of the daily low - that is OPPORTUNITY

[macdfx 10]

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

 

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

 

P64 HOW WE DECIDE (italics added)

 

Good read. How We Decide _ Jonah Lehrer

How_We_Decide.pdf

[TheRumpledOne 14]

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY

[TheRumpledOne 14]

Good read. How We Decide _ Jonah Lehrer

 

Thank you for sharing.

[TheRumpledOne 14]

 

RESULTS.

[stocknemesis 10]

Can you show me example chart for the emini S&P?

Thanks

[macdfx 10]

Can you show me example chart for the emini S&P?

Thanks

 

Dude. You must be joking right?

 

Read all the examples in this thread first.

 

And ask yourself ... "does the S&P trade in pips?"

 

:rofl:

[TheRumpledOne 14]

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY

[TheRumpledOne 14]

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY

[TheRumpledOne 14]

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY

 

2) Red candle closes

 

3) Green candle closes - note the high price of the green candle.

 

4) Enter long at the green candle's high price

 

5) STOP LOSS IS 10 PIPS

 

6) Take whatever profit you can.

 

7) If the rules do not mention it, then it is of no concern.

 

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[TheRumpledOne 14]

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY

 

2) Red candle closes

 

3) Green candle closes - note the high price of the green candle.

 

4) Enter long at the green candle's high price

 

5) STOP LOSS IS 10 PIPS

 

6) Take whatever profit you can.

 

7) If the rules do not mention it, then it is of no concern.

 

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[TheRumpledOne 14]

 

 

 

"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 (with the obvious limitations explained above)

 

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

[stocknemesis 10]

Which one do you find best to trade with 5min, 10 min or 1hr chart?

StockNemesis

[TheRumpledOne 14]

 

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

 

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

 

P64 HOW WE DECIDE (italics added)

 

=============================================

 

"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 (with the obvious limitations explained above)

 

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 within 20 pips of the daily low - that is OPPORTUNITY

 

2) Red candle closes

 

3) Green candle closes - note the high price of the green candle.

 

4) Enter long at the green candle's high price

 

5) STOP LOSS IS 10 PIPS

 

6) Take whatever profit you can.

 

7) If the rules do not mention it, then it is of no concern.

[TheRumpledOne 14]

Which one do you find best to trade with 5min, 10 min or 1hr chart?

StockNemesis

 

Price is the same on all charts. It really does not matter.

[TheRumpledOne 14]

 

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY

 

Last chance was at 109.45. That long entry was good for 10 or more quick pips.

 

=======================================

 

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

__________________

[TheRumpledOne 14]

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY

[TheRumpledOne 14]

 

 

"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 (with the obvious limitations explained above)

 

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

 

=============================================

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[TheRumpledOne 14]

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY

 

2) Red candle closes

 

3) Green candle closes - note the high price of the green candle.

 

4) Enter long at the green candle's high price

 

5) STOP LOSS IS 10 PIPS

 

6) Take whatever profit you can.

 

7) If the rules do not mention it, then it is of no concern.

[TheRumpledOne 14]

 

 

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

 

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

 

POSITION SIZE = RISK / STOP LOSS.

 

 

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[TheRumpledOne 14]

 

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

 

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

 

P64 HOW WE DECIDE (italics added)

 

=============================================

 

"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 (with the obvious limitations explained above)

 

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 within 20 pips of the daily low - that is OPPORTUNITY

 

2) Red candle closes

 

3) Green candle closes - note the high price of the green candle.

 

4) Enter long at the green candle's high price

 

5) STOP LOSS IS 10 PIPS

 

6) Take whatever profit you can.

 

7) If the rules do not mention it, then it is of no concern.

[TheRumpledOne 14]

 

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

 

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

 

POSITION SIZE = RISK / STOP LOSS.

 

 

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[TheRumpledOne 14]

 

1) Price within 20 pips of the daily low - that is OPPORTUNITY