2009.09.10 DRAIN THE BANKS - LIKE A RAT

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cosmoe1
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Postby cosmoe1 » Tue Jun 22, 2010 10:53 pm



+15 pips, gotta love it.

Cosmoe1

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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 23, 2010 1:38 pm

Image

"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist."
- H. Rearden


1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.
Last edited by TheRumpledOne on Wed Jun 23, 2010 1:58 pm, edited 1 time in total.
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.

zapzinig
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Postby zapzinig » Wed Jun 23, 2010 1:57 pm

Weekly extreme, lower high on H1 ; next h1 candle M15 red rat with h1 candle color. 35 pips

Image

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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 23, 2010 2:16 pm

Image

RESULTS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."
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.

zapzinig
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Postby zapzinig » Wed Jun 23, 2010 5:32 pm

Weekly extreme, higher low on H1 ; next h1 candle M15 green rat with h1 candle color. 26 pips

Image

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ForexChick
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Postby ForexChick » Thu Jun 24, 2010 11:27 am

Hello TRO,

What pairs do you recommend to trade after London close?

Thanks,
FC

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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 24, 2010 12:00 pm

Image


"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist."
- H. Rearden


1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.
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.

User avatar
TheRumpledOne
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Postby TheRumpledOne » Thu Jun 24, 2010 12:09 pm

ForexChick wrote:Hello TRO,

What pairs do you recommend to trade after London close?

Thanks,
FC


Any USD pairs.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 24, 2010 12:14 pm

zapzinig:

Please post your template so others may follow along.

Thanks.
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 Jun 24, 2010 12:33 pm

Image

RESULTS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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