2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 16, 2010 10:54 am

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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 » Thu Sep 16, 2010 11:32 am

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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 important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

"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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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 17, 2010 11:21 am

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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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 17, 2010 11:50 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 important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

"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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Postby trueblueTEX » Fri Sep 17, 2010 12:34 pm

WOW! 28 pips on the GU in 20 min!! I was trying Steve Hopwood's management EA and even went to the little trader's room for a few minutes!!!

Laugh_Smile

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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 17, 2010 12:58 pm

trueblueTEX wrote:WOW! 28 pips on the GU in 20 min!! I was trying Steve Hopwood's management EA and even went to the little trader's room for a few minutes!!!

Laugh_Smile


What does that have to do with DRAINING THE BANKS LIKE A RAT?

PLEASE STAY ON TOPIC!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby trueblueTEX » Fri Sep 17, 2010 1:13 pm

Sorry, I was using the DTB method.

tfg
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Postby tfg » Fri Sep 17, 2010 1:24 pm

trueblueTEX wrote:Sorry, I was using the DTB method.


Can you share it by posting a screenshot?

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Postby trueblueTEX » Fri Sep 17, 2010 1:39 pm

Here it is.
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28 on GU.PNG
28 on GU.PNG (60.19 KiB) Viewed 1234 times

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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 17, 2010 2:36 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

=============================================
The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

"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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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