[TheRumpledOne]

Originally Posted by DbPhoenix »

Not necessarily subtle. Before he edited it, his post #34 read "Kiwi, MYOFB. Soultrader, take care of Kiwi."

Reminds me of Lena Lamont threatening to take over the studio in Singin' in the Rain...

Yes, I edited my post.

[TheRumpledOne]

Price is UP since Tokyo and Sydney markets opened.

[Soultrader]

Hi TRO,

It would be valuable to the trading community if you can dig further into your methodology. Though you may have already done so on other sites, many may not be familiar with your work. From just the brief explanations and your charts, I find it rather difficult to comprehend what exactly you are basing your decisions on. (not to mention the chart descriptions are very small to read)

Thanks.

[TheRumpledOne]

Using GRAY BARS allows you to SEE where support/resistance levels are based on the highs/lows.

[stanlyd]

Originally Posted by TheRumpledOne »

Price is UP since Tokyo and Sydney markets opened.

Nice chart but I am do not think I am seeing the "big picture" Could you explain this comment more in detail and how it relates to your chart? Is this an opening trade setup? Thanks

[TheRumpledOne]

Originally Posted by Soultrader »

Hi TRO,

It would be valuable to the trading community if you can dig further into your methodology. Though you may have already done so on other sites, many may not be familiar with your work. From just the brief explanations and your charts, I find it rather difficult to comprehend what exactly you are basing your decisions on. (not to mention the chart descriptions are very small to read)

Thanks.

Actually, Soultrader, I have posted this simple yet profitable method:


SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6400

GO LONG.

SEE PROFIT.

Trading with the H1 candle color at HORIZONTAL LINES with prices ending in 00, 25, 50 and 75 is very profitable. It does NOT require any indicators.

All that is necessary is ONE profitable method. This method works under ALL market conditions because PRICE WILL CROSS THE LINE. The lines do NOT move, but PRICE DOES. So all a trader has to do is TAKE ADVANTAGE of that fact.

Does it work 100% of the time. NO! Sometimes, price will stall. Sometimes, you are NOT quick enough to grab the few pips. But, most of the time, you can grab 5 or more pips.

If you look at the chart, you'll notice how well it works when the can colors reverse after 3 or more like colored candles in a row.

[TheRumpledOne]

Originally Posted by stanlyd »

Nice chart but I am do not think I am seeing the "big picture" Could you explain this comment more in detail and how it relates to your chart? Is this an opening trade setup? Thanks

The "big picture"? That's a different strategy.

All you have to SEE is the COLOR of the H1 candle and the HORIZONTAL LINES at prices ending in 00, 25, 50 and 75.

If candle is green at the line, go long.

If candle is red at the line, go short.

That is it. NOTHING MORE. This is simple but profitable.

Not sure what you mean by "opening trade setup".

Just remember, this is a SCALPING TECHNIQUE.

[TheRumpledOne]

Rules of thumb


Remember, this is scalping, do not be greedy!!


Always trade with h1 candle color


Trading with d1 candle color safer than trading against


Only enter reversal trades on bar 4 or more of a run


Only enter break trades on bar 2 of a run when price is at
the highest high or lowest low of the previous 3 bars


Always check the news every hour before trading