2009.09.10 DRAIN THE BANKS - LIKE A RAT

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trueblueTEX
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Postby trueblueTEX » Tue Jul 27, 2010 2:39 am

It doesn't display price. Unless I'm missing something.

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TheRumpledOne
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Postby TheRumpledOne » Tue Jul 27, 2010 12:33 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!

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TheRumpledOne
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Postby TheRumpledOne » Tue Jul 27, 2010 12:51 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.

7) If the rules do not mention it, then it is of no concern.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby trueblueTEX » Tue Jul 27, 2010 1:18 pm

The red doji ("Red candle closes") on your chart is a green doji on mine. I'm just demo on FxPro, but I've noticed that real small doji's are often the opposite color of what several people get here on Kreslik. I don't know if they all use MBT or not.

I also notice that it seems like the USDCAD pair seems to be a frequent winner!!

Thanks, TRO!!!

Tex

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TheRumpledOne
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Postby TheRumpledOne » Tue Jul 27, 2010 2:19 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

DO YOU SEE IT?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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trueblueTEX
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Yea, baby!!

Postby trueblueTEX » Tue Jul 27, 2010 3:34 pm

10 Pips on the EU!!

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Postby TheRumpledOne » Tue Jul 27, 2010 6:29 pm

Very well done!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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trueblueTEX
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Postby trueblueTEX » Tue Jul 27, 2010 6:55 pm

I'm getting better!!

Your TRO2010_MP_HLC_PIPS indicator will help me to find the "opportunities."

Thanks, TRO!!

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Key Word....

Postby bgbearnavy » Tue Jul 27, 2010 7:26 pm

Now that you said these words.... "IN THE ZONE" now I can see which ones one should have taken.


-Man I am so pissed! I am getting my butt kicked - daily.


TheRumpledOne wrote:See the first trade out of the rat zone? Simple and profitable.

Now look closely, how many reversals occurred IN THE ZONE?

And how many of those were losers?

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TheRumpledOne
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Postby TheRumpledOne » Tue Jul 27, 2010 8:37 pm

If you are getting your BUTT KICKED then you are probably OVER TRADING.

PICK ONE PAIR AND ONLY TRADE THAT PAIR FOR A MONTH.

You'll learn to WAIT for the opportunity. So what if you do not trade for a day or two because price was not where you wanted to trade it?

If you were hunting and didn't see anything to shoot at, what would you do... Fire your gun at nothing and potentially scare dinner away?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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