2009.09.10 DRAIN THE BANKS - LIKE A RAT

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dudehead
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Postby dudehead » Wed Feb 10, 2010 9:08 pm

I had to post this "AHA" moment I just had.

I've been thinking alot about the green-rat/red-rat debate -- seen
many noobs like myself struggle with the idea. It just doesn't make
sense why you can't be both! After all, the market is random -- it
goes up, it goes down -- so there is just as many opportunities in
each direction, so why not double your chances and be a green AND
red rat? Yale thinking, definitely.

Well, I was thinking about what TRO said in his
interview about his AHA moment with the waves. I also recall what
he said about tapping into the part of the brain that SEES what is
really happening without filters. So what's the deal with green/red
rat?

I then recall a study done where the subject was given a pair of
glasses that turned everything he saw upside down. Seeing
everything upside down would be debilitating. However, after about
two weeks of consistently wearing the glasses, the subject's brain
"magically" turned everything right side up! Yes! perceiving the
world just like before. Amazing! Interesting how the brain reacts to
input.

Here's the AHA. For someone who has an untrained or mis-trained
brain, how am I going to get that intuitive recognition of
opportunity if I am continually feeding it contradictory information.
We may rationalize that long/short green/red are the same, and in a
way we are right. But that's like saying I'm going to wear my
normal glasses one day and the next wear the upside down ones.
Rationally, it is the same world we see, but our brain gets confused.

I'm not saying we can never get to the point of trading both
directions, but don't make it harder and confuse your brain. If you
aren't profitable in one direction only, what makes you think you will
be in both directions? Forget having double the signals (long/short)
just train your brain to see it one way first.

I hope this helps give someone else the perspective they need. To stick to this simple rule.
There is but one simple truth to wit: the truth is always simple

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rw48gmx
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Postby rw48gmx » Wed Feb 10, 2010 10:09 pm

TRO, please confirm, in your above green rat examples
H1 bias was red. What is the indicator in the upper right corner ?
THANK YOU

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 11, 2010 3:05 pm

Image

OPPORTUNITY...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 11, 2010 3:19 pm

[quote="rw48gmx"]TRO, please confirm, in your above green rat examples
H1 bias was red. What is the indicator in the upper right corner ?
THANK YOU[/quote

I think you are talking about the TRO_RAT_ZONE
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 11, 2010 3:26 pm

TheRumpledOne wrote:
rw48gmx wrote:TRO, please confirm, in your above green rat examples
H1 bias was red. What is the indicator in the upper right corner ?
THANK YOU


I think you are talking about the TRO_RAT_ZONE
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Pro Trader
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Postby Pro Trader » Thu Feb 11, 2010 3:32 pm

Hi TRO it looks like some of those trades you posted on the previous page (page 112) were against H1. Did you take them anyway because of the #3 semfaors that occured?

Also what is the name of the indicator which show how many pips each candle has made along with the colour?

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 11, 2010 7:29 pm

Image

RESULT.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 11, 2010 7:35 pm

Hi TRO it looks like some of those trades you posted on the previous page (page 112) were against H1. Did you take them anyway because of the #3 semfaors that occured?

NO. JUST TAKING RAT REVERSALS.

Also what is the name of the indicator which show how many pips each candle has made along with the colour?

TRO2010_MM_CANDLECOLOR.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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rw48gmx
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Postby rw48gmx » Thu Feb 11, 2010 8:27 pm

Thanks Pro Trader for your help, and thank you TRO
for your answer.
Greetings from a winterly, snow covered Germany...

gangsta1
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Postby gangsta1 » Thu Feb 11, 2010 9:11 pm

The stop loss is set at 10 pips. Now am I correct in assuming this is an emergancy stop and you would exit the trade at less of a loss if you see the trade immediatly going against you?

I have been flirting with the idea of placing a break even right away as soon as 2 or 3 pips profit is realised. What do you guys think?

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