2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Mon May 10, 2010 6:35 pm

flex wrote:Image


That is NOT a RAT REVERSAL TRADE!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby flex » Mon May 10, 2010 6:40 pm

oh, sorry, i took the screenshot on m15, but was trading on m5. on m5 it is correct. look:

Image

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Postby TheRumpledOne » Mon May 10, 2010 8:51 pm

Price stalled at/near your entry more than once.

If price does NOT go your way, it is going against you.

For the record, your entry was late. Entry is at high of previous green candle.

Also note price did not make a lower low and then it moved up later. PATIENCE!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby flex » Mon May 10, 2010 9:29 pm

on the second trade i was already up 3 pips, so i moved the sl to be as soon as i could. this is the most difficult thing for me right now. i just don't know what will happen next. ;)

as for the entries... hmmmm... those arrows are at open price which is the ask price. the bid (the grey line at the given time) was exactly at the high of the previous bar.
my spread is bigger than zero. ;)

SignalBender
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The Game of the Century

Postby SignalBender » Mon May 10, 2010 10:56 pm

Buy Zone? Sell Zone? I'm sure it is all "just a little bit of history repeating!"

Hello TRO,

Me Tarzan, you Jane?

Ok, maybe not Jane, but you might be able to help me and I might be able to help you. Who am I? I've gone by many names on many forums over the years and have been banned on a few of them, too. I wear my banned rate like a badge of honor and I do it with dignity - for all of my banned usernames have been attached to trades that cause brokers and their sponsors to lose money - but that's another story.

Anyway, I spent most of my years on this business learning how to engineer my trading system in Excel. As a direct consequence, what little API coding skills I had many moons ago, have disappeared, seemingly. I could take the time to get my chops back, but I just don't have the time anymore. Besides, when I left programming, a WSDL was the "new and hot" thing and XSLT was just coming onto the market as "viable." Of course, now days, I'm reading technical documents online telling the reader that Microsoft can now turn your Excel 2007 into a Real-Time Data Server. They call it RTD and wrote the base as COM.

The problem (at least for me) is that I'm not up to speed on the various .Net paths yet and really don't plan to be either - too many other things to do. But, from what I read, in order to get Excel to talk to a real-time datafeed "intelligently," I'd have to turn it into an RTD Server. But, according to my forward thinking, even if you were able to get Excel to receive FX data from a vendor in real-time, you still run into the latency problems that come from data servers constantly going off-line from time-to-time.

Because of these technical problem or my lack of programing skill (or, the time to develop that skill), I've only been able to use Daily, Weekly and Monthly bars in Excel. Far more easier to manage when the datafeed goes off-line, because most datafeeds don't stay off-line for more than 24 hours at a time. Thus, there are no missing Daily bars of data when the server does go off line for a few minutes to a couple of hours, in most cases.

However, lately, I've been wanting to take my system to the next level and that means giving my Excel based system access to both historical AND real-time data in the lower time-intervals (such as: M1, M5, M15, M30, H1 and H4), in addition to the Daily, Weekly and Monthly bars. Yes - I can build an Excel based parser and use the FxDialogue Tick Collector in Excel 2007 to bring in the live tick data.

However, when the MT4 Server goes off-line (and it will - it always does) periodically, Excel won't have the ability to query the MT4 Server for the latent ticks - nor will Excel be able to parse those ticks into their respective Cell locations, to maintain the flow and structure of the streaming data - as if MT4 had never gone off line. So, using Excel in the real-time mode, for data that streams in the OHLC format, without turning Excel into a serious SmartDocument, is a non-starter, because of the off-line latency issues when the source goes down - for whatever reason.

So, how does this pertain to you? LOL, thanks for asking. Remember that movie CONTACT? Yeah, that one.

Well, remember when Dr. Eleanor Arroway, ran out of funding and then later made the discovery of the lifetime, but needed funding to continue her research? [no - I'm not offering you money, lol!] Recall, how she made presentation after presentation, looking for someone to have the slightest bit of wonderment in their thought process. Eventually, she ended up at an "organization" that ultimately funded her research. However, all the while, Eleanor thought that she was the one doing the "searching" - when in fact, it was Eleanor that had been the one who was being researched the entire time. Remember that movie?

Well, life is sometimes stranger than fiction.

I guess you could say that I'm something of an S.R. Hadden of Hadden Industries and you are something of a 'Dr. Arroway', Research Scientists.

There is a wealth of information about the markets embedded in the code that describes all market behavior. They are two (2) simple variables and together they make up what you call the ATR - of course - I call it, Omega. Every financially traded market has its own encoded DNA signature. Locked within each strand of market DNA, is the code to unlock it. Well, I've unlocked the code.

However, I did it manually and doing so, is a completely non-efficient method for long-term, sustainable trading. It takes too much time and it leaves too much room for error. The key, is to automate the process and that cannot be done without real-time access to the lower time-intervals - right down to the Minute Bar.

From the looks of things, you know how to handle MT4, for such a task as this. Do you want a better "Buy Zone?" Well, that's easy. A better "ready-set-go" Trigger? That's easy, too. Need a better way to determine time-interval "Bias?" Done. Everything gets easier when you understand the signature of market behavior.

You are correct - there are no such things as Trends. Trends are Trader pacifiers. They sooth the Trader's soul, for but a moment - until - they snap-roll into the opposite direction and give the Trader whiplash. The Trend is not your friend, however, that which makes up the Trend, is most definitely your friend, because that contains the DNA of the market behavior that makes up the so-called, "Trend."

I need something done in MT4, that I don't have the time or the energy to figure out for myself [though I easily could]. Time, has become more valuable to me than it used to be and right now, I'm engaged in other things that require most of my time.

In return, Research Scientist Dr. Arroway, gets to participate in the game of the century. Like Dr. Arroway, YOU will be responsible for figuring out the Primer. However, rest assured, the Primer is there.

Recall, Hadden's first rule of Government spending - "why build one when you can have two at twice the price."

Image

"Where's the Primer?......... You'll see! Every three dimensional page, contains a piece of the Primer.'

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SignalBender
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Postby SignalBender » Mon May 10, 2010 11:15 pm

TheRumpledOne wrote:Price stalled at/near your entry more than once. If price does NOT go your way, it is going against you.



And, to be able to see it stall before it stalls, is really cool, indeed! :)

Or, said another way.....

To know that price had a high probability for stalling at the entry point, would have nullified the point as being an "entry" before it was declared an "entry."

Now, having that ability is truly, "cool." ;)

cosmoe1
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My Rat Trade Of The Night

Postby cosmoe1 » Tue May 11, 2010 1:35 am



Is This The Way To Trade Like A Rat

Cosmoe1

SignalBender
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Postby SignalBender » Tue May 11, 2010 6:29 pm

TheRumpledOne wrote:OPPORTUNITY... ClLo < 20(Ref: Trade2Win)


Have you figured out why 20 pips?

Did you know that there was a better (dynamic) value (range) that can be used as well to: a) Increase overall trade accuracy (using this method of yours) and b) Increase the number of trades available (including those outside the 20 pip 'opportunity' range?

Do you know how to prevent the Double-Bottom and Double-Top fake-out that shows up in the RAT reversals coming off fresh bottoms and fresh tops? What is the nature (characteristic) of a Double-Bottom and Double-Top inside the 'opportunity zone' anyway - that too often leads to a RAT reversal stop? The answer is encoded within the Bar's DNA. Something 'else' has to happen first before that particular RAT reversal is safe to take - or - you must increase the Stop range and make certain to use a small Bar, no bigger than M5 in most cases.

TheRumpledOne wrote:Let's clear things up:

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.


With "Training Wheels On," sure! But, take the Training Wheels Off and both directions can be used very effectively when trading "like a RAT!"


TheRumpledOne wrote:2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.


True - unless, the RAT reversal entry happens to be in opposition to the Bar's dynamic DNA signature that has decided to start moving in the opposite direction of the RAT reversal entry! ;) If that happens, even the RAT gets steam-rolled and driven to his Stop level.

So, how can one know when the Bar's DNA signature is evolving into a polar opposite position as the RAT reversal entry? An interesting question for an interesting mind, no doubt. ;)


TheRumpledOne wrote:3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.


Very good advice! However, there is so much more about the Weekly Bar, that is uncovered by unlocking the DNA signature within! Were you aware that the Weekly Bar has 4-5 phases, where each phase actually predicts the next, until the Bar "resets" itself prior to the start of the next Weekly Bar?

Example: Take the EURUSD for the week of 09 May 2010. Right now, the EURUSD is inside of its Phase II for the Weekly Bar. Phase I was completed on Monday (10 May 2010), which set-up the currently Short sided 'bias' that we see in the Daily Bar today. Phase III will have Long bias, a the Weekly DNA signature begins to dynamically shift to show 'upside' potential. Phases III and IV, should culminate in taking out the price level of $1.3094 - or very near that level. That will set-up Phase V, which will have Daily Bar Short bias.

Now, if today is merely Tuesday, what value to the Trader is there in knowing the conceptual price mapping of the entire week, before it happens? Some would say, massive value. ;) Others....... well others would simply ban you from their site for even mentioning the idea, LOL. :)

I need access to lower intervals in MT4, I'm looking for a good MQL coder and I don't have the time to write the stuff myself. I want to see how the DNA signatures behave themselves in the lower time-frames and I'm tired of doing it manually.

I'm most likely going to "attempt" to move over to ProTrader Multistation and run auto-executions from there for the entire system. ProTrader is Intermediary agnostic. A little buggy right now, but no more or less buggy than MT was when it first came out. They are working their way through the growing-pain stages and should come out a real winner, both for the Retail Trader and the more "advanced" Trader. ProTrader's IDE is capable of converting MQL into PTL and then compiling that into an executable system against the back-end server of my choice.

But, even if I don't make the switch to PTMS, I still want to see the system running in the lower levels (M1 through H4), but I don't have time to learn MQL at such a level.

Is Dr. Arroway, up for a ride through the worm hole?

flex
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Postby flex » Tue May 11, 2010 6:32 pm

signalbender, i'm sure tro meant the candles that closed after i got in the trade. there was a green candle that did not make a new high. this would have been the time to close the trade (but i'm not sure if that would have been a small loss or profit).

today: loss and i know how stupid trades can look in hindsight. ;)
i need a different "exit play book". the way i handle it right now just wiggles me out too often and way too early.
a logical assumption for me is that i need to hold my average profitable trade longer than my average losing trade. looking at the past charts i can see it is the other way around. setting sl to be+1 (and later to be+3) does not seem to be a solution.

Image

Image

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Postby SignalBender » Tue May 11, 2010 6:35 pm

Heck, might as well just start calling the Bar's DNA signature... Bar Codes. Just 'swipe' the currency pair across the laser scanner for the "price" to be paid.

The new look currency pair. Want to know the "next" price? Just swipe the Bar Code. LOL! :)

Image

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