2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

SilverPrince
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Tue Sep 22, 2009 7:14 pm
Reputation: 0
Location: Vancouver
Gender: None specified

Postby SilverPrince » Thu Oct 01, 2009 7:37 pm

TheRumpledOne wrote:
SilverPrince wrote:TRO, can you actually describe what's on this indicator please?
AFAIU, it shows how profitable the rat method is...
But I have no clue how to read it...

Thanks!!

TheRumpledOne wrote:Image

THE DRAINING CONTINUES...


ClOp = close - open

HiCl = high - close

ClLo = close - low


I can read and can figure it out myself LOL
What I can't understand - what it actually means.
Hi-close between what and what for example?
And why is it important?

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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Oct 01, 2009 8:20 pm

Image

THE DRAINING CONTINUES...
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
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Oct 01, 2009 8:22 pm

SilverPrince wrote:
TheRumpledOne wrote:
SilverPrince wrote:TRO, can you actually describe what's on this indicator please?
AFAIU, it shows how profitable the rat method is...
But I have no clue how to read it...

Thanks!!

TheRumpledOne wrote:Image

THE DRAINING CONTINUES...


ClOp = close - open

HiCl = high - close

ClLo = close - low


I can read and can figure it out myself LOL
What I can't understand - what it actually means.
Hi-close between what and what for example?
And why is it important?



If you look on the gauge, you'll see the chart period it refers to.

I watch the D1 or daily. I'll also watch the weekly and monthly.
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
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Oct 01, 2009 8:23 pm

watchdog wrote:TRO

Looks like your RAT PLOT indicator has changed some from when you first gave us these indicators. If it's not to early could you update that one.

Thanks, this is looking very good.


I'll be sending it out soon.
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
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Oct 01, 2009 8:25 pm

lukx wrote:short trade?


NO. The rat always turns left. I only trade long.
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.

germantrader
rank: <50 posts
rank: <50 posts
Posts: 10
Joined: Mon Jul 20, 2009 8:38 am
Reputation: 0
Gender: Male

Postby germantrader » Fri Oct 02, 2009 7:06 am

Here is a recent email conversation with Avery, I post it so everyone may benefit from it:

Hi Avery,
>> >
>> > thank you for the most recent updates.
>> > Very interesting approach.
>> > Also attached a highlowalertindicator, which is taking the high and
>> > lows
>> > of last x candles and gives an alert. Maybe it´s programming-wise of
>> help
>> > to you ....
>> >
>> > As I assume you do make a bunch of money trading - what is your most
>> used
>> > strategy ?
>> >
>> > Do you use "how to be the casino"?
>> > And simply only enter long or short with good money management ?
>> >
>> > And what I am most curious about is:
>> > how do you determine in which direction you only trade, ex. once per
>> hour
>> > bar ?
>> > You once mentioned to trade according to the overall trend, ex. trend
>> > on
>> > one higher timeframe.
>> > Which indi should I use for determining the higher timeframe trend ?

Answer:

I have no idea what is the most used strategy.
>>
>> Being the casino is a buy zone technique. I almost always use a buy zone
>> technique.
>>
>> I only trade long so the rat won't beat me.
>>
>> There is NO TREND.

Cool.
>
> Only trading long - sl 10 pips and tp 20 pips+.
> Stopping for day when account +2-4% or 50pips +.
>
> I will try on gbp/usd, lowest spread on fxpro and nice volatility.
>
> True - trend - is past.
> What is price doing now? Much more important.
>
> Thank you.
> Sorry for askig dumb questions, but going from complex to simple is ...

Answer
You´re welcome. Please post your trading questions on www.kreslik.com so all may benefit
from the answers.

User avatar
lukx
rank: 500+ posts
rank: 500+ posts
Posts: 789
Joined: Wed Feb 04, 2009 5:10 pm
Reputation: 0
Gender: Male
Contact:

Postby lukx » Fri Oct 02, 2009 7:33 am

TRO is showing his winning trades I will show you mine loosing ones:

entered on green when price was in 20 pips form bottom and cutting 00 line:


Image

outcome wasn't too pleasing for my account :(

User avatar
lukx
rank: 500+ posts
rank: 500+ posts
Posts: 789
Joined: Wed Feb 04, 2009 5:10 pm
Reputation: 0
Gender: Male
Contact:

Postby lukx » Fri Oct 02, 2009 7:44 am

how would TRO say that: "opportunity" - 20 pips from daily low

and "outcome":

LOOSER
Image

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Oct 02, 2009 11:16 am

lukx wrote:TRO is showing his winning trades I will show you mine loosing ones:

entered on green when price was in 20 pips form bottom and cutting 00 line:


Image

outcome wasn't too pleasing for my account :(


I don't know what you are using for an entry trigger but it is NOT the RAT REVERSAL.
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
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Oct 02, 2009 11:19 am

lukx wrote:how would TRO say that: "opportunity" - 20 pips from daily low

and "outcome":

LOOSER
Image


Once again, you are not taking what the market "gives" you.

I make money if I only take 2 pips. If you can't do that with your broker, then you need a different broker.

Did price eventually reverse off the low for more than 20 pips? If YES, then the OPPORTUNITY was there for you to make up for your losses and then some.
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.


Return to “TheRumpledOne”