2009.09.10 DRAIN THE BANKS - LIKE A RAT

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tmanbone
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Postby tmanbone » Thu Jul 29, 2010 3:55 am

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.

7) If the rules do not mention it, then it is of no concern.


TRO,

I'm curious how you get your sweet spot lines to stop at the end of price instead of carry on across the entire chart, as in the above chart example. Thanks,
"The simplicity of the markets is it's greatest disguise"

T

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bredin
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Postby bredin » Thu Jul 29, 2010 4:04 am

I believe that to be SweetSpotGold TRO Mod version...

G.
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trueblueTEX
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+10 on UCAD

Postby trueblueTEX » Thu Jul 29, 2010 12:56 pm

Ok, I took this one this morning before leaving the house for work. I was really doubtful that it would work out since I got in so late but I thought 1) it was coming out of the Rat Zone and 2) it was a "U" shaped curve.

So I bought and then forgot it until I got into work and voila!!

PLUS 10!!

Tex

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Postby PhileasFogg » Fri Jul 30, 2010 3:10 am

TheRumpledOne wrote:http://www.traderinterviews.com/content/MentalPrep.php

Someone needs to download and save that video before the link goes away.


Nice to see that it is still online - excellent stuff.

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tmanbone
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Postby tmanbone » Fri Jul 30, 2010 3:31 am

bredin wrote:I believe that to be SweetSpotGold TRO Mod version...

G.


Dead on, thanks
"The simplicity of the markets is it's greatest disguise"



T

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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 02, 2010 12:43 am

tmanbone wrote:
I'm curious how you get your sweet spot lines to stop at the end of price instead of carry on across the entire chart, as in the above chart example. Thanks,


I use TRENDLINES with ray FALSE.
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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 02, 2010 1:09 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.

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!



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 » Mon Aug 02, 2010 2:10 pm

Image

RESULTS.

USDCAD price was 1.0235 when gauge was posted. Price reached 1.0247 BEFORE reversing and making a new low. This means another trade can be placed today.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 02, 2010 3:12 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
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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Postby Pro Trader » Mon Aug 02, 2010 3:19 pm

How many pips did you take on those two USDCAD trades TRO?

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