2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

Look at this daily chart of the EURJPY.

Can you see that both the RED RATS and GREEN RATS both "got cheese"?

[TheRumpledOne]

What do I see?

I see price cross a line.

Then it either crosses the next line or crosses back over the first line.

I see price fail to cross the next line twice and cross back over and never look back.

Price does not seem to stay between 2 lines.

WHAT DO YOU SEE?

[TheRumpledOne]

A further complication
One further complication of seeing needs mentioning. The eyes
gather visual information by constantly scanning the environment.
But visual data from "out there," gathered by sight, is not
the end of the story. At least part, and perhaps much of what we
see is changed, interpreted, or conceptualized in ways that
depend on a person's training, mind-set, and past experiences. We
tend to see what we expect to see or what we decide we have seen.
This expectation or decision, however, often is not a conscious
process. Instead, the brain frequently does the expecting and the
deciding, without our conscious awareness, and then alters or
rearranges?or even simply disregards?the raw data of vision
that hits the retina. Learning perception through drawing seems
to change this process and to allow a different, more direct kind of
seeing. The brain's editing is somehow put on hold, thereby permitting
one to see more fully and perhaps more realistically.
This experience is often moving and deeply affecting. My
students' most frequent comments after learning to draw are
"Life seems so much richer now" and "I didn't realize how much
there is to see and how beautiful things are." This new way of seeing
may alone be reason enough to learn to draw.

The New Drawing on the Right Side of the Brain

http://www.4shared.com/file/109993404/6 ... Brain.html

[oldmangeezer]

I guess it doesn't matter what time frame you are looking at?

Here you have a weekly chart.

BTW How did you place broken horizontal lines on your chart?

1) price within 20 pips of the daily low - that is OPPORTUNITY

This to me is that a 3 semafor has to form for a daily low. The semfor to me is just a visual sign. If it wasn't for the semafor I would have no idea that this was the daily low. Your right TRO there is no mention of semafors or trend lines in the rules.

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.

[oldmangeezer]

What do I see?

I see price cross a line.

Then it either crosses the next line or crosses back over the first line.

I see price fail to cross the next line twice and cross back over and never look back.

Price does not seem to stay between 2 lines.

On a 5 minute do you have lines every 10 pips? (00, 10, 20, 30, 40, 50, 60, 70, 80, 90)

[MightyOne]

Diversify so that I am never a fat rat

The Zürich Axioms by Max Gunther, 1985

Minor Axiom II - Resist the allure of diversification - from page 18

Major flaws:
1. you're watering down meaningful stakes
2. you create a situation where gains and losses might cancel each other out
3. you become a juggler trying to keep too many balls in the air

Interesting read, that book.

http://www.neif.org/Zurich_axioms.pdf

1. you do not know if your gains are going to be meaningful to begin with especially since you are going only long or short.

2. we are not talking about spreading risk over many many sectors, we are talking about independent trades over two or more pairs.

3. anyone can juggle 2 balls

(EDIT: I guess it would make more sense to switch to pairs with high time frame rat BO that match your color)

[TheRumpledOne]

BTW How did you place broken horizontal lines on your chart?

Style = 1 or STYLE_DASHED. I also modified the SweetspotsGold indicator to not draw lines through my gauges.

On a 5 minute do you have lines every 10 pips? (00, 10, 20, 30, 40, 50, 60, 70, 80, 90)

Yes.

[TheRumpledOne]

I guess it doesn't matter what time frame you are looking at?

What do you mean by matter?

The daily low is the same on all time frames.

[TheRumpledOne]

GREATEST TRADER

[foreman01]

.........