2009.09.10 DRAIN THE BANKS - LIKE A RAT

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daveM
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Postby daveM » Sun Feb 07, 2010 6:31 pm

bredin wrote:I should add that with some knowledge of s/d or zlines you will know when to "shoot for a runner" and how far to shoot for :)

Cheers
G

Hmm, I sure hope I havent just gone to YALE....


Can you elaborate on 'zlines', please...

Thanks

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bredin
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Postby bredin » Sun Feb 07, 2010 7:40 pm

daveM wrote:
bredin wrote:I should add that with some knowledge of s/d or zlines you will know when to "shoot for a runner" and how far to shoot for :)

Cheers
G

Hmm, I sure hope I havent just gone to YALE....


Can you elaborate on 'zlines', please...

Thanks


Ummm start reading the never lose again thread at about page 80 or 90. MO es/pip dragon and others can do a much better job than me. also take a look at lukx zline thread with cfabian and adaseb.

Cheers
G
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daveM
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Postby daveM » Sun Feb 07, 2010 8:06 pm

Great.

Thanks for your help....

gangsta1
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Postby gangsta1 » Sun Feb 07, 2010 8:10 pm

frang0nve wrote:And from the same TRO stats we can see than we should expect 30% of winners with profit >= 10 pips, with TRO exit strategy we'll get at least 5 pips from each one, so our pessimistic expectation should be:

In 100 trades.

30 trades * 5 pips + 50 trades * 3 pips - 20 trades * 10 pips = 100 pips profit. (if we can't catch in ANY trade more than 5 pips ).

Cheers

Francisco


Thanks fran.

Thee problem for me is consecutive losers chasing the high/low leading to a great drawdown.

frang0nve
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Postby frang0nve » Sun Feb 07, 2010 10:45 pm

Gansgta,

Can you post some pictures? If you mark the trade entries and SL, perhaps TRO and other more experienced traders can see something to help you... and everybody can learn.

Cheers

Francisco

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bredin
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Postby bredin » Mon Feb 08, 2010 5:48 am

gangsta,

if you are getting killed trading the reverses, trade the breakouts.

I think TRO said that in an earlier DTB thread.

Cheers
G
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gangsta1
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Postby gangsta1 » Mon Feb 08, 2010 9:46 am

bredin wrote:gangsta,

if you are getting killed trading the reverses, trade the breakouts.

I think TRO said that in an earlier DTB thread.

Cheers
G


I have not seen TRO mention breakouts with rev9.

I do see great breakout opportunities with rev8 however. They do tend to move faster than the reversals.
Last edited by gangsta1 on Mon Feb 08, 2010 10:05 pm, edited 1 time in total.

gangsta1
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Postby gangsta1 » Mon Feb 08, 2010 11:29 am

Here is a screenshot of the EU today during London open. Red rats would have been stopped out 4 times consecutively (-40) chasing the daily high.



The EJ had 2 consecutive losses. Yes the third trade was a nice run but whilst adopting a take what you can policy, unlikely the whole move would have been caught. The purpose in me posting these charts is to discover if these entries could have been timed better and how - they follow the rules.


johny
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Postby johny » Mon Feb 08, 2010 11:53 am

Hi Gangsta1,

You may probably consider filtering the trades by the size of M5 reverse candle. Say for red rat trades, take the trade only when body of the red candle is greater than previous green candle. Well, you may miss some moves, but, it will surely help to cut down your losses.
cheers,

Johny

gangsta1
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Postby gangsta1 » Mon Feb 08, 2010 12:02 pm

johny wrote:Hi Gangsta1,

You may probably consider filtering the trades by the size of M5 reverse candle. Say for red rat trades, take the trade only when body of the red candle is greater than previous green candle. Well, you may miss some moves, but, it will surely help to cut down your losses.
cheers,

Johny


Thanks for the advice johny but it does not seem to make that much of a difference looking at those charts. It would have also kept red rats out of the winners.

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