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Thread: All You Need To Trade Is A Horizontal Line

  1. #1

    Default All You Need To Trade Is A Horizontal Line



    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.
    IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!


    You are on the internet - If you (google) search for it, you'll probably find it.

  2. #2
    Junior Member
    Join Date
    Mar 2009
    Posts
    12

    Default

    Does any one have a indicator for the lines that will auto draw? a basic grid.

  3. #3

    Default

    Quote Originally Posted by drfrankm View Post
    Does any one have a indicator for the lines that will auto draw? a basic grid.
    Hi drfrankm

    here it is...


    i suggest that u use wiz support & resistance.
    u can set 35 pips for eu & 55 pips for gu. most likely it also where market take a deep breath b4 going south or north.

    good luck.
    Attached Files Attached Files

  4. #4
    Junior Member
    Join Date
    Apr 2009
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    3

    Default

    Quote Originally Posted by TheRumpledOne View Post


    ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

    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.

    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!!

    .
    Please show me where is H1 on your Image and what you mean buy
    price ends in 00, 25, 50 or 75..
    So you are saying if it goes higher than you buy and lower then you sell?

    I cannot find H1 on Meta Trader 4 it could be well below where pair is trading?

    Thanks.

  5. #5

    Default

    H1 is the 1 hour or 60 minute chart period.
    IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!


    You are on the internet - If you (google) search for it, you'll probably find it.

  6. #6

    Default

    hmmm.interesting...rumpledone have you got some back or forward results ?

  7. #7

    Default



    Proper position sizing and proper risk/reward is what you need to focus on.

    The outcome of any particular trade is a random event... You win some, you lose some.

    If you have an edge, the only way to exploit the edge is to take every trade. You will come out ahead in the long run.
    IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!


    You are on the internet - If you (google) search for it, you'll probably find it.

  8. #8

    Default



    It's nice to know what others are looking at.
    IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!


    You are on the internet - If you (google) search for it, you'll probably find it.

  9. #9
    Junior Member
    Join Date
    May 2009
    Posts
    28

    Default

    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's an interesting idea and most of us know that round numbers are significant and people take notice of other important numbers such as above..

    But in my experience the price can just as easily bounce back of such a number. How many times have we seen the eurusd go to 1.3600 and fail to pass it, retry and still fail?

    Would it not be better to see the price pass PAST those numbers and then get involved? - unless I misunderstood that's not what you said..

    I'd be interested in figures showing that this would be profitable overall but ..

    thanks
    Russ

  10. #10

    Default

    I totally agree.
    Price action is proven technique of trading, much better than most indicators which are rarely profitable.
    FXCode Inc.
    Expert Advisor Developer

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