All You Need To Trade Is A Horizontal Line

[daydreamer65]

Originally Posted by TheRumpledOne

Actually, it is very SIMPLE. Note I said SIMPLE and not EASY.

It's gets easier with practice.

Ok now comes the clarification, this is where we lose the "gold diggers"
the get rich quick brigade. Knowledge of the markets is key to all of
this system, knowing which "psychological" lines to follow & at which
point, it takes time to accumulate this knowledge.

Hey 'daydreamer65',

I was wondering what happened to you (and others from last year)!!!

Hi Grail; Thanks for asking, I'm still about, making money from forex, following the

Alternative Technical Templates.

system. I tend to loiter more now without commenting, most queries
get answered so eloquently by other posters.

All of the others I notice pop up occasionly, tonymand, tessa, jocelyn,
jimmymac et al.

[TheRumpledOne]

Not sure I agree 100%.

[daydreamer65]

Originally Posted by TheRumpledOne

Not sure I agree 100%.

That's the beauty of the FOREX market, if we all agreed
100% of the time there would be no market, there would be
no one on the other side of our trades.

Have fun.

[TheRumpledOne]

Originally Posted by daydreamer65

That's the beauty of the FOREX market, if we all agreed
100% of the time there would be no market, there would be
no one on the other side of our trades.

Have fun.

That's true...lol!!

[TheRumpledOne]

So simple.

If H1 candle closes green then on next red candle go SHORT at the line.

If H1 candle closes red then on next green candle go LONG at the line.


Be patient. Don't rush the trade.

Don't be greedy and you can rack up the pips.

[TheRumpledOne]

Works on EURUSD, too.

Indicator that plots the horizontal lines attached.

[TheRumpledOne]

Looks like there were a couple of tough trades on the USDJPY.

This is NOT the HOLY GRAIL.

It's the HOLY COW I CAN MAKE MONEY TRADING...LOL

Start slow.. learn to take 3 - 5 pips quick.

After you master that, then increase your take.

Works best with an ECN like EFX: Experience Forex Freedom because your TP can be HIT.

Your order doesn't have to wait for the deal desk to move the price to your TP.

[TheRumpledOne]

Let me answer the WHIPSAW protester before they even get started.

Of course, there will be price action around the x.00 and x.50 levels. That's what we are looking for and that's the reason we trade with the color of the H1 candle rather than the M1 candle ( M1 chart above ).

Just use a little risk management and money management.

Practice with 1 minilot or 0.1 minilot until you get the hang of it.

[4xStar]

Originally Posted by TheRumpledOne

So simple.

If H1 candle closes green then on next red candle go SHORT at the line.

If H1 candle closes red then on next green candle go LONG at the line.

I think I need more input .. if H1 candle closes green then you have to wait for next candle to close as well to see if it will be red or green? And if that candle closes below the line .. then what? Do you only short if the next candle after the green one does close red AND closes above or at the line?

Thanks for the sweetspot indicator.

[TheRumpledOne]

NO.

If the previous H1 candle closed green then if the current H1 candle is RED at a line, you go short.