2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Thu Oct 07, 2010 9:11 pm

You are COLD.

You sound like YALE material.

QUIT THINKING.
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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skivers
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Postby skivers » Thu Oct 07, 2010 9:18 pm

trueblueTEX wrote:TRO,



http://kreslik.com/forums/userpix/12257_why_not_1.jpg

The first 2 green rat reversals were losing

Do you see a reason not to enter those trades?

Hints: There are at least 2 reasons. Use your eyes to see - do not think about it.
entries.

Here are my attemps:
1) There were 7 red candles before the first green one.
2) Both green candles following the red candles were IB's.
3) The bodies of both green candles were about 85% to 90% the size of the bodies of the preceding red candles.
4) Entry point is well above the middle of the 20 pip zone; greater chance of getting stopped out.

Am I warm?
8)


I agree about the IB's - The reversals candles should either be making an attempt to push above the previous candle or have been rejected after a push below the previous candle .

From previous posts I believe TRO has said that the trade is valid when leaving the 20 pip zone - irrespective of waiting to take the trade at the top of the previous reversal candle. - Its your last chance if you did not see a rat reverse signal ( like - price left the zone in one push)

You have made some other good points as well.

TRO sort of suggests, there are more than two reasons not to have entered

This is good stuff to discuss - It will help a lot of us to start thinking.

ZEN
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Postby ZEN » Thu Oct 07, 2010 9:49 pm

Greetings from Romania to al of you people and special thanks to TheRumpledOne for sharing with us his trading knowledge!
I'm very new to this business, just one month.
Yesterday I've start trading (on demo) the way TheRumpledOne is learning us and I start having some promissing results. I like this method of trading because I consider it a form of ZEN.

Best regards!

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trueblueTEX
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Postby trueblueTEX » Thu Oct 07, 2010 9:57 pm

TheRumpledOne wrote:You are COLD.

You sound like YALE material.

QUIT THINKING.

:evil:

We will try again. Probably more YALE material but maybe this exercise will exorcise the YALE in me :lol:



Neither of the first 2 Green candles closed above a preceding candle.

But this begs the question: would you have taken the 3rd setup?

or would you have waited till the 4th setup when price exited the 20 pip zone?

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TygerKrane
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Postby TygerKrane » Thu Oct 07, 2010 10:00 pm

trueblueTEX wrote:Skivers,

can you post a link to the page where that graph of TRO's can be found?

Thanks
Tex

http://kreslik.com/forums/viewtopic.php?p=35164#35164

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Postby Humble » Fri Oct 08, 2010 12:47 am

Image
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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skivers
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Postby skivers » Fri Oct 08, 2010 6:09 am

TheRumpledOne wrote:Image

RESULTS.

Reversals come in one of two flavors, "V" shaped or "U" shaped. This was a "U" shaped.


Mr Yale will have another go :oops:

After a fall like that, just one green candle on its own wasn't enough evidence - after seeing two greens close side by side you saw a possible reversal signal?

But a V shaped formation might not have given you time to enter on the break of a previous high - so you simply place a market order at the top of the zone and grabbed any pips offered?

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skivers
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Postby skivers » Fri Oct 08, 2010 6:58 am

TheRumpledOne wrote:Image

The first 2 green rat reversals were losing entries.

Do you see a reason not to enter those trades?

Hints: There are at least 2 reasons. Use your eyes to see - do not think about it.


Oh! - And after the first green pair together - the greens simply start to balance the reds - so the market is fighting back here?

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Postby jarnapal » Fri Oct 08, 2010 7:33 am

The first green candle was too long and out of 20pip zone. H1 had just turned green at entry. But I see it as a Yale :)

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rob_deniro
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Postby rob_deniro » Fri Oct 08, 2010 10:20 am

Hi Tro

I've been practicing rats with buy limits but finding it hard to catch the wave, may I ask why you prefer buy limit orders over buy stop?

Thanks :)

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