2009.09.10 DRAIN THE BANKS - LIKE A RAT

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trueblueTEX
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Entry?

Postby trueblueTEX » Tue May 04, 2010 5:51 pm

TheRumpledOne wrote:Image

RESULTS.


Hey Avery,

Where would you have entered on this chart that you just posted? I see that H1 is green at the point that the pic was snapped but I am pretty certain it would have been red when price first passed the previous green at the bottom of the light blue "Low Price Box".

Would you have taken the trade at the bottom of the box, when H1 was likely red? Or are you referring to a later entry?

Thanks!!
Tex

Edit: Was the proper entry at the box labeled with price = 1.51255?

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Coles
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Postby Coles » Tue May 04, 2010 9:14 pm




Hi TRO,
New to posting here, mostly reading thread to get up to speed. What's the name of this indicator and where can I find it? I like the fact that you just wait for it to show you an opportunity.
Thanks.

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TygerKrane
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Postby TygerKrane » Wed May 05, 2010 12:17 pm

pablo101 wrote:*sitting back with popcorn* :)


Lol @ pablo,
I agree, I'm no expert trader myself yet, but it IS fun to watch the question and answer sessions between the New Pirates and The Great Ones.
:smt075

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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TheRumpledOne
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Postby TheRumpledOne » Wed May 05, 2010 12:30 pm

Image

1) price within 20 pips of the daily low - that is OPPORTUNITY
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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Re: Entry?

Postby TheRumpledOne » Wed May 05, 2010 12:33 pm

trueblueTEX wrote:
TheRumpledOne wrote:Image

RESULTS.


Hey Avery,

Where would you have entered on this chart that you just posted? I see that H1 is green at the point that the pic was snapped but I am pretty certain it would have been red when price first passed the previous green at the bottom of the light blue "Low Price Box".

Would you have taken the trade at the bottom of the box, when H1 was likely red? Or are you referring to a later entry?

Thanks!!
Tex

Edit: Was the proper entry at the box labeled with price = 1.51255?


SEE THE GREEN ARROWS??

GREEN RAT REVERSAL - LONG ENTRY CRITERIA:

1) RED CANDLE CLOSES
2) GREEN CANDLE CLOSES
3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG.


STOP LOSS IS ALWAYS 10 PIPS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed May 05, 2010 12:36 pm

Coles wrote:

Hi TRO,
New to posting here, mostly reading thread to get up to speed. What's the name of this indicator and where can I find it? I like the fact that you just wait for it to show you an opportunity.
Thanks.


WELCOME TO THE JUNGLE!

The indicator is TRO2010_MP_HLC_PIPS. It is a DONATIONAL indicator. You can use the FREE TRO_RANGE_GAUGE to get the same information for a single pair.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed May 05, 2010 12:39 pm

flex wrote:thanks, i'll try that tomorrow. as for today i had to quit anyway...

RESULTS
Image

i guess i wasn't very lucky.


W1 was RED

D1 was RED

Couldn't you see all the RED RATS?

Also, you let small winners become losers from the looks of the chart.

If price is NOT going with you, it IS going AGAINST you!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed May 05, 2010 1:23 pm

Image

RESULTS.

Note: The size of the daily bottom wick is usually greater than 20 pips. That is the reason you enter within 20 pips of the daily low.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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flex
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Postby flex » Wed May 05, 2010 2:11 pm

so i should not only be trading only when h1 is green, but also when w1 is green? your rules didn't say that.
the d1 thing i do not understand. of course d1 was red, since i had to wait for price crossing below the 20 pips of the low line...

going with h1 today i only had one loser (but unfortunately no winner). will post the chart later.

flex
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Postby flex » Wed May 05, 2010 3:33 pm

this is the one loser i had today
Image

again i could have gotten out with a tiny profit... but how would i ever be able to let profits run if i did this?

well, when i trade z lines it looks like this

Image

most of the time i am break even there where as when i trade rat style i lose almost certainly every trade.

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