2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Wed Apr 28, 2010 9:01 pm

I do not understand the question
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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flex
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Postby flex » Wed Apr 28, 2010 10:50 pm

well, how long do your successful rat trades take? seconds? minutes? several bars? i know, it depends... but do you have a minimum time before which you just ignore that price is stalling?
on my screenshot you can see that i closed the position as soon as price stalled. tomorrow, i'll try holding the trades for at least 2 bars and see what happens then.

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TheRumpledOne
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Postby TheRumpledOne » Thu Apr 29, 2010 11:13 am

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 Apr 29, 2010 12:10 pm

Image

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



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Postby quark » Thu Apr 29, 2010 12:18 pm

Avery

I have a simple question. I use bracket orders OSO/OCO. Have you figured out a consistent method of staying in the trade longer without using fixed targets/stop loses.

I am not asking for trade secrets. A simple yes/no would be a perfect response. If you are inclined to give any hints or point in 1 or more directions thanks.

quark

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flex
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Postby flex » Thu Apr 29, 2010 12:55 pm

hm. i tried to let the trades run a little longer today. my problem is that my stop losses get hit too often, i guess.
Image
how many losses do you allow yourself, before you call it a day, tro?

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MightyOne
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Postby MightyOne » Thu Apr 29, 2010 4:06 pm

flex wrote:hm. i tried to let the trades run a little longer today. my problem is that my stop losses get hit too often, i guess.
Image
how many losses do you allow yourself, before you call it a day, tro?


Just don't lose 5% of your account in any given week.

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TheRumpledOne
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Postby TheRumpledOne » Thu Apr 29, 2010 6:46 pm

quark wrote:Avery

I have a simple question. I use bracket orders OSO/OCO. Have you figured out a consistent method of staying in the trade longer without using fixed targets/stop loses.

I am not asking for trade secrets. A simple yes/no would be a perfect response. If you are inclined to give any hints or point in 1 or more directions thanks.

quark


Not sure how to answer.

I don't have any "secrets" when it comes to staying in a trade. You need to have your exit play book and trade accordingly.

Remember, you can always exit a part of the position to lock in profit and let the rest ride.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Postby TheRumpledOne » Thu Apr 29, 2010 6:49 pm

flex wrote:how many losses do you allow yourself, before you call it a day, tro?



If I am down 5 - 6% then it's time to quit.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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flex
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Postby flex » Thu Apr 29, 2010 7:00 pm

do you close trades with any loss smaller than your stop loss? or do you just wait until price either hits the stop loss / goes back into profit?

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