2009.09.10 DRAIN THE BANKS - LIKE A RAT

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lukx
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Postby lukx » Thu Sep 23, 2010 2:33 pm

well TRO i though I can see but unfourtanetely I took EG trade and lost:

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lukx
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Postby lukx » Thu Sep 23, 2010 2:36 pm

EU also kicked my ass:
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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 23, 2010 2:45 pm

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HEADS UP GREEN RATS!!
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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eudamonia
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Postby eudamonia » Thu Sep 23, 2010 5:43 pm

lukx wrote:EU also kicked my ass:
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If only you had gone short where you went long. Your losses are so consistent that if you just did the opposite of what you traded you would make Mr. Soros look like a beggar. :shock:

By the way wanna know who was on the opposite side of your trade? Thanks for the pips buddy!

P.S. - not trying to be a bastard :twisted: just trying to get you to SEE what is right in front of your face.
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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lukx
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Postby lukx » Thu Sep 23, 2010 6:28 pm

how I could go short if I'm green rat ?!

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ajaymein
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Postby ajaymein » Thu Sep 23, 2010 6:57 pm

lukx wrote:how I could go short if I'm green rat ?!


Become a red rat. :lol:

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Postby goldfinger » Thu Sep 23, 2010 7:04 pm

Hi Avery:
Do you speak spanish?

I like to work with "Drain the Bank", and I have a lot of question.
but my English is not good.javascript:emoticon(':(')

Thanks

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eudamonia
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Postby eudamonia » Thu Sep 23, 2010 7:10 pm

+1

I can't help you with preconceptions, indicators, etc. All apologizes to Avery (although he might say the same thing), but the indicators/methodologies/etc. are just TOOLS. YOU are the TRADER not a TOOL.

The only thing I can tell you about is what the Euro was DOING at the time you placed your TRADE. The only logical position is to be SHORT or do NOTHING. There was nothing that the market was TELLING you that should have indicated that going long was the right decision.

You attempted to fade the extreme lows of a market headed lower (in the short run). The low of the day, near the low of the 4 hr bar. What secret info did you have that made you think the market would go up from that point? Can you SEE that?
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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Postby nkhawaja » Thu Sep 23, 2010 7:36 pm

well eudamonia!

RAT is a reversal trade and LuKx is executing the trade according to the rules, which is RED close, Green Close, Price in the low of 20 pips. THis is what i am doing too. So what are the filters here then

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Postby nkhawaja » Thu Sep 23, 2010 7:38 pm

Also you are seeing the after effects. when it is all happening, what makes you think it will keep going down?

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