2009.09.10 DRAIN THE BANKS - LIKE A RAT

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jsme
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Postby jsme » Fri Aug 06, 2010 7:43 pm

Thanks to TRO's teachings I was a very happy green GBPUSD rat today.
Thank you TRO for explaining this trading concept

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Postby gogoprovost » Sun Aug 08, 2010 7:24 pm

Hi TRO,

Thanks for this system, it fits my style perfectly.

Do you feel the rules of thumb apply here? Is it better if we only enter on the same color of the H1 candle? Is it necessary?

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TheRumpledOne
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Postby TheRumpledOne » Sun Aug 08, 2010 9:24 pm

Rules of Thumb always apply. You have to know when to break the rules. That is something you teach yourself through experience.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Sun Aug 08, 2010 9:26 pm

tmanbone wrote:AUD/JPY Thanks for your persistence TRO.


What about AUD/JPY??
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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tmanbone
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Postby tmanbone » Mon Aug 09, 2010 12:09 am

TheRumpledOne wrote:Image

HAPPY NFP DAY!

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


A good rat trade for this day. Four choices for the green rat @ the current time.
"The simplicity of the markets is it's greatest disguise"

T

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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 09, 2010 11:59 am

Image


"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE (italics added)

=============================================

"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
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 » Tue Aug 10, 2010 12:15 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 Aug 10, 2010 12:49 pm

Image

RESULTS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Aug 11, 2010 1:03 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!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby jlpk007 » Thu Aug 12, 2010 1:55 am

was caught out twice due to greed :(

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