2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

TRO,

Long time Yale student here..

I just finished a 270 pages of this thread and am very impressed w the simplicty of your DTB LAR "system"

I must say that I'm learning to "see" with a demo account, and have had my cheese eaten more times that I've eaten cheese..

This is primarily b/c I was green rat trading against a red H1 current..

I have noticed that my trading has drastically improved when I see that the downtrend is "slowing" and beginning to stall.. THEN look for green rat trades..

But, long ways to go to get the Yale out of my system, but, I just wanted to thank you for your "sticking with" this thread for 270 pages..




And for helping all of us Yaleys..

You're welcome.

But...



THERE IS NO TREND!

TREND EXISTS ONLY IN THE MIND OF THE TRADER.

[ZsApprentice]

Yeah, I thought thats what you were going to say..



But, that's what I saw.. thru my "Yale" eyes..

Would it sound better if I said, I saw PA showing no more lower lows, and beginning to show higher highs?

[jlpk007]

I am always faced with such scenario.

5 pips profit and 10 pips lost later. (2 trades) =5 pips lost
Trading EUR/USD for a month ..

[TheRumpledOne]

Looks like you could have made 10 pips or more with the first trade and been done with trading for the day.

[jlpk007]

Looks like you could have made 10 pips or more with the first trade and been done with trading for the day.

yes..i saw a 5 pips profit so i decided to take it and wait for next opportunity to enter...end up losing 10pips
There are quite a number of times..a few pips profit becomes 10pips lost...

[ZsApprentice]

TRO,

I have only been demo-ing the DTBLAR method for a short period of time..

Are there any "hints" with regards to the exits?

It seems as if you wait for a "stall" then one needs to define "stall"..

Is stall 2 pips against you, or is stall wait for 30 seconds w no advance, or is stall one red bar after you enter, etc?

It is definately going to take some screen time to get the feel right?

Also, can an ECN broker take orders "of size" quickly enough to make this method work.. not that I have "size" behind me, just curious

[ZsApprentice]

Also, one other question..

Why are do you buy your green rat orders on a limit, rather than as a stop order?

[genlogins]

IMO, stall is when price just stays on the same value for a period of time.

Of course since I have the tick chart, that only happen at night when price can stay in the same value for over 30 seconds.

When using more than Tick chart than stall may be in a range of a few pips. It is like the sideways movement some people talk about.

Also, Stall can be refered to the bench used in the farmers markets. LOL

[TheRumpledOne]

Price within 20 pips of the daily low (ClLo <= 20) - that is OPPORTUNITY

Current price - current daily low is less than 20 pips.

<-------------------------------------------------------------------->

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 can not control the probabilities of wining or losing.


You can not control your average win size.


The only part of the equation of the equation that you can control is your average loss size.
<-------------------------------------------------------------------->

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

[ZsApprentice]

[quote="TheRumpledOne"]


Waiting for the lower lows to stop before pouncing..

Some thick headed Yale students may say waiting for the trend to "stall".. but since I don't know anyone like that, I'll just be sitting on the sidelines until more confirmation that the lower lows/higher highs are beginning to break down..