All You Need To Trade Is A Horizontal Line - page 2

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Hi Dougled,

Here's an illustration...

Starting from ANY PRICE, watch price move...

It's the simplest setup ever...

See image.

Files:
explain.gif  23 kb
 

 

Is it different between the next horizontal line is 25 pips?

danbuffington:
Hi Dougled, Here's an illustration... Starting from ANY PRICE, watch price move... It's the simplest setup ever... See image.
 

where can i download the mt4 for this?

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? 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.
 

if only it could run on TF H1?

whether all the applicable terms of this pair ..

thanks...

 

can anyone tell me. how to add multiple horizontal line on mt4 chart eg.00 25 50 75 etc..

 

A quick video: All You Need To Trade Is A Horizontal Line - YouTube

therumpledone, I din't know that you are a that black?

Cheers Hermes

 

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.

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