DRAIN THE BANKS!! TheRumpledOne - page 89

 
psysol:
Don't know about above scale that What type of knowledge we can get to it.

ya how bout a picture and a short explanation of the method

 

WHAT IF YOU WERE COLORBLIND...

Could you trade?

Does that help you see when PRICE TURNS?

 
pcguy007:
ya how bout a picture and a short explanation of the method

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.

 
 

Price turns and horizontal lines - video below

TRADING - HORIZONTAL LINES AND PRICE TURN - YouTube

 

Hey TRO,

Are you still draining the banks? Just started using your method today on the EUR/USD and made almost 40 pips in a short period of time. You will have some losers but many more winners. Love the simplicity!

 

How to understand and use frequency distribution in your trading.

TRADING - HOW TO USE FREQUENCY DISTRIBUTION - YouTube

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

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

 
Slobbs:
Hey TRO,Are you still draining the banks? Just started using your method today on the EUR/USD and made almost 40 pips in a short period of time. You will have some losers but many more winners. Love the simplicity!

Of course...

Glad you have found this profitable. Perhaps you can explain it to others so they may benefit.

Thank you.

 

Yes slobbs that would be great if you would explain how you trade the drain the banks method.

along with the template and indicators you are using,as there are many.

Many thanks

Regards

 

PRICE TURN...

It should be obvious to the reader that once price turns, there is a statistically higher chance that price will continue in the same direction.

Reason: