2009.09.10 DRAIN THE BANKS - LIKE A RAT

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frang0nve
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Postby frang0nve » Thu Aug 12, 2010 3:05 pm

[align=center]Tripped

Image
Stripped

Image
[/align]

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turboeskimo
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Postby turboeskimo » Thu Aug 12, 2010 3:12 pm

Oh, sorry, my eyes see one thing, but my brain converts it to another:)

So in this case tripped means "triggered"? But where the arrows come from? I've not got it in my preset.

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TheRumpledOne
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Postby TheRumpledOne » Thu Aug 12, 2010 3:16 pm

Tripped not stripped.

The entry is TRIGGERED.
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.

turboeskimo
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Postby turboeskimo » Thu Aug 12, 2010 3:28 pm

And where arrows came from on chart?
Last edited by turboeskimo on Thu Aug 12, 2010 3:30 pm, edited 1 time in total.

turboeskimo
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Postby turboeskimo » Thu Aug 12, 2010 3:29 pm

Ok, we figured it out that "triggered"

Now, it happens that You should have entered at every arrow? Or what?

Btw, if I bother You, just tellme and I'll stop asking questions.

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jsme
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Postby jsme » Thu Aug 12, 2010 11:14 pm

turboeskimo wrote:Ok, we figured it out that "triggered"

Now, it happens that You should have entered at every arrow? Or what?

Btw, if I bother You, just tellme and I'll stop asking questions.


The arrows are from a donation indicator I believe.

No you would not enter on each arrow. I do not use the arrows myself. I only enter long. I am a green rat. I use the M5 time period.
That means I wait for a daily low to form
I wait for the red candle to close.
I wait for a green candle to close after the red or low candle.
If the green candle is formed with a high within 20 pips of the low for the day.
I enter a trade long when prices (bid price) touch the green candles high.
My stop is 10 pips below the entry.
My target is what I can get based on how fast the market is moving in my favor.
It my trade is triggered and then things move along slowly. I exit at the first sign of profit.
If my trade is triggered and prices start to make a fast move up. I wait for a while before I exit.
It works pretty well.

If a person does not ask questions how can they learn?

turboeskimo
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Postby turboeskimo » Fri Aug 13, 2010 10:00 am

"If the green candle is formed with a high within 20 pips of the low for the day." This finally cleared up my thoughts about "20 pips s the OPPORTUNITY" I was wondering "what the 20 pips", "what are they talking about"... Now I finally understood what was that 20 pips about. THANKS VERY MUCH!!!:)

turboeskimo
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Postby turboeskimo » Fri Aug 13, 2010 10:04 am

Btw. If I have FIVE digits after dot (1.32855 for example) I need to count 20 pips as if I had 4 digits?

jsme
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Postby jsme » Fri Aug 13, 2010 11:35 am

turboeskimo wrote:Btw. If I have FIVE digits after dot (1.32855 for example) I need to count 20 pips as if I had 4 digits?


Correct, you are most welcomed.

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TheRumpledOne
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Postby TheRumpledOne » Fri Aug 13, 2010 11:58 am

Image

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.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."
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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