2009.09.10 DRAIN THE BANKS - LIKE A RAT

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tfg
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Postby tfg » Fri Sep 17, 2010 3:11 pm

TheRumpledOne wrote: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."



Avery, what is that "...obvious limitations explained above." It might be obvious but I certainly miss them. What are those limitations?

Thanks. tfg

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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 17, 2010 4:17 pm

You have to watch this...LOL!

http://www.youtube.com/watch?v=OVytw0DlkfE
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 4:26 pm

tfg wrote:
TheRumpledOne wrote: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."



Avery, what is that "...obvious limitations explained above." It might be obvious but I certainly miss them. What are those limitations?

Thanks. tfg


http://www.forexfactory.com/showpost.ph ... tcount=283
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby trueblueTEX » Fri Sep 17, 2010 7:09 pm

Another 10.9 pips!!

Soon, I hope, I'll graduate to real money!
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Postby ajaymein » Fri Sep 17, 2010 8:39 pm

TheRumpledOne wrote:You have to watch this...LOL!

http://www.youtube.com/watch?v=OVytw0DlkfE


LMAO!

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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 17, 2010 9:14 pm

trueblueTEX wrote:Another 10.9 pips!!

Soon, I hope, I'll graduate to real money!


When you trade with real money...

ONLY TRADE 1 PAIR.

START TRADING A $1K OR MICRO LOT.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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trueblueTEX
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Postby trueblueTEX » Fri Sep 17, 2010 9:21 pm

[quote="TheRumpledOne"
When you trade with real money...

ONLY TRADE 1 PAIR.

START TRADING A $1K OR MICRO LOT.[/quote]


Will do!!! I plan to start with $500 on MBT. I'm going to keep demoing for a while, though. I've already burned several K on bad decisions ;-) and I've spent about 2.5 years looking at different trading methods. Demo-ed several of them. Some were a waste of time, some required constant "teaching" from some guru, some just never clicked.

This one is clicking. Oh, and the lesson is REAL short!!! :lol:

tfg
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Postby tfg » Mon Sep 20, 2010 11:57 am

Avery,

Do you use D1 Flying Buddha green arrow to filter your green rat trades as you said on the manual?

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TheRumpledOne
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Postby TheRumpledOne » Mon Sep 20, 2010 12:47 pm

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

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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TheRumpledOne
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Postby TheRumpledOne » Mon Sep 20, 2010 1:50 pm

tfg wrote:Avery,

Do you use D1 Flying Buddha green arrow to filter your green rat trades as you said on the manual?


Shhhhhh!!!

Don't give away all the secrets...LOL!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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