2009.09.10 DRAIN THE BANKS - LIKE A RAT

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nkhawaja
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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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nkhawaja
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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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ajaymein
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Postby ajaymein » Thu Sep 23, 2010 8:01 pm

When you are taking a rat reversal and it gets stopped out, you have to wait for another entry which may be a few candles away. Some days price just keeps dropping like a never ending waterfall, but most days it WILL reverse and you will eventually get a winner, which in many cases will more than make up for your losses (not if you only take a couple of pips tho).

Like TRO says, price is either making new lows/highs, or reversing from lows/highs. Eventually, it will reverse and that is the rat entry that will make you money.

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ajaymein
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Postby ajaymein » Thu Sep 23, 2010 8:04 pm

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 ?

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eudamonia
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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.

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bredin
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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.

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trueblueTEX
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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
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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

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lukx
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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 :)

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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.

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