2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
eudamonia
rank: 500+ posts
rank: 500+ posts
Posts: 536
Joined: Thu Jun 15, 2006 9:50 pm
Reputation: 0
Location: Rocklin, CA
Real name: Edward Heming
Gender: Male
Contact:

Postby eudamonia » Thu Sep 23, 2010 8:40 pm

nkhawaja,

I understand the RAT system. However, I am just telling you what I SAW. The system is the TOOL. I am the TRADER - not a TOOL. Use the TOOL, don't be used by the TOOL.

I saw more than just the after effect of this trade. I was in this trade short at the same time Lukx was long. What did I SEE?

New lower lows, lower highs that failed to move higher, and sufficient volume. The probability was to the short side. Price was cyclical (in other words don't just take any price but work your order) not completely dominated by one side or the other. The locals were in control of the market (look at the many fakeouts to SEE this truth). With all that information you can't seriously believe that Lukx's loss was a suprise. His long was a PERFECT SHORT. The market was begging to be shorted at that level. DO YOU SEE IT?
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.

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

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1032
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 2
Gender: None specified
Contact:

Postby bredin » Thu Sep 23, 2010 11:41 pm

lukx, also note the beautiful short zline that you could have traded in up to a few hours later than your entry. the green pips were there, eventually.

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

User avatar
trueblueTEX
rank: 500+ posts
rank: 500+ posts
Posts: 532
Joined: Mon Apr 12, 2010 4:38 pm
Reputation: 0
Gender: None specified

Postby trueblueTEX » Fri Sep 24, 2010 12:15 am

Bredin, I am zline-challenged. Would you mind pointing out the zline on lukx's chart?

Humble
rank: 500+ posts
rank: 500+ posts
Posts: 576
Joined: Fri Mar 20, 2009 10:29 am
Reputation: 0
Gender: Male

Postby Humble » Fri Sep 24, 2010 12:57 am

lukz, that's the trouble with indi sometimes. I learn more by drawing lines by hand. Here's your 4 hr chart. Definitely a time for green rats to wait if they are using a 4hr chart.

Image

If the "somewhere" line holds, then you were right in hindsight but would expect to get stopped out, entering too early. You might want to see a close above the ZL or the down memo bars open, before looking for a long trade of any sort.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

User avatar
lukx
rank: 500+ posts
rank: 500+ posts
Posts: 789
Joined: Wed Feb 04, 2009 5:10 pm
Reputation: 0
Gender: Male
Contact:

Postby lukx » Fri Sep 24, 2010 7:15 am

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

Image
Image


There are 3 winning green rat reversal trades you could have taken after your loss. Why didn't you take any of those and make up for your loss plus some pips ?


I was busy at work, earning money for trading, to then pass it to eudamonia :)

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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12709
Joined: Sun May 14, 2006 9:31 pm
Reputation: 992
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Sep 24, 2010 11:05 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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12709
Joined: Sun May 14, 2006 9:31 pm
Reputation: 992
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Sep 24, 2010 12:15 pm

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.

User avatar
eudamonia
rank: 500+ posts
rank: 500+ posts
Posts: 536
Joined: Thu Jun 15, 2006 9:50 pm
Reputation: 0
Location: Rocklin, CA
Real name: Edward Heming
Gender: Male
Contact:

Postby eudamonia » Fri Sep 24, 2010 3:34 pm

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

Image
Image


There are 3 winning green rat reversal trades you could have taken after your loss. Why didn't you take any of those and make up for your loss plus some pips ?


I was busy at work, earning money for trading, to then pass it to eudamonia :)


Get on the right side of the trade lukx! I'm getting worn out from stealing all your cash :lol:
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.

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1032
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 2
Gender: None specified
Contact:

Postby bredin » Fri Sep 24, 2010 10:53 pm

trueblueTEX wrote:Bredin, I am zline-challenged. Would you mind pointing out the zline on lukx's chart?


Humble has marked it nicely on the chart he posted.

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

pman
rank: <50 posts
rank: <50 posts
Posts: 2
Joined: Fri Sep 10, 2010 3:59 pm
Reputation: 0
Gender: None specified

Postby pman » Sat Sep 25, 2010 4:05 pm

TheRumpledOne wrote: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."


TRO - this may sound stupid but can I ask which indicators you are using there? Specifically which indicator are you using to show the lines along the daily low and 20 pips above the daily low with the box shaded, aswell as the narrations to the right of the graph showing D1 high, D1 low etc and qouting the current price at the top of the screen?

Cheers mate

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


Return to “TheRumpledOne”