2009.09.10 DRAIN THE BANKS - LIKE A RAT

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trueblueTEX
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Postby trueblueTEX » Thu Jul 01, 2010 12:54 pm

TheRumpledOne wrote:Image

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


I bet you are buying USDCAD :-)

It seems like you like that one a lot. :-)

Tex

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TheRumpledOne
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Postby TheRumpledOne » Thu Jul 01, 2010 1:10 pm

Image

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.

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trueblueTEX
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Postby trueblueTEX » Thu Jul 01, 2010 1:23 pm

TheRumpledOne wrote:Image

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.


CHIEF!!!

Damn, I missed it!

See, that's what gambling will get you!

Tex

kingich
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Postby kingich » Thu Jul 01, 2010 1:56 pm

Greeting traders!

I'm novice trader trying to find my way to survive.

Can somebody be so kind and explain me the rules of this system, without installing moduls to Metatrader or other softwares.

Just basics, what are the rules of the strategy?

Greetings from Croatia,

ivan

cosmoe1
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Postby cosmoe1 » Thu Jul 01, 2010 2:07 pm

kingich wrote:Greeting traders!

I'm novice trader trying to find my way to survive.

Can somebody be so kind and explain me the rules of this system, without installing moduls to Metatrader or other softwares.

Just basics, what are the rules of the strategy?

Greetings from Croatia,

ivan


Please read 2 posts above yours. Thats all there is to it.

Cos

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Postby kingich » Thu Jul 01, 2010 2:24 pm

tnx cosmoe,

and for shorts ? just opposite to that ?

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Postby kingich » Thu Jul 01, 2010 2:35 pm

what about this 20 pips to daily high - low rule ?

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trueblueTEX
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Postby trueblueTEX » Thu Jul 01, 2010 2:48 pm

kingich wrote:what about this 20 pips to daily high - low rule ?


Hi kingich,

If you look at that same chart above that TRO posted, you will see a line in the upper right that says "D1 Low .... 24" in green.

At the time TRO made the buy, that 24 would have been LESS than 20.

That's the "20 pips to daily high - low rule".

You look at that line if you are a Green Rat and you look at the line above it (in red) if you are a Red Rat.

Greetings from Texas!!

Tex

cosmoe1
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Postby cosmoe1 » Thu Jul 01, 2010 3:09 pm



opportunity for a green rat trade price is within 20 pips fron daily low.


a grren rat only trades long
a red rat only trades short
highest percentage of wins come when you trade when price is within 20 pips of the daily low for green rat trades.
highest percentage of wins come when you trade from 20 pips from the daily high for red rat trades.

cos

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Postby cosmoe1 » Thu Jul 01, 2010 3:24 pm



Thanks much Tro,

Im done for the day.

And some people say this does not work.
today 2 trades and im over my daily goal.

Cosmoe1

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