2009.09.10 DRAIN THE BANKS - LIKE A RAT

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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?

jarnapal
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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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tmanbone
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Postby tmanbone » Fri Oct 08, 2010 12:36 pm

Image
"The simplicity of the markets is it's greatest disguise"

T

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skivers
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Postby skivers » Fri Oct 08, 2010 3:04 pm

tmanbone wrote:Image


A good chart to look at after discussing the other one.

the two solitary green candles in the bearish move were just not enough evidence to get into a buy trade.

The pair of bullish candles side by side were telling us that the support area had probably been reached.

Well - TRO wanted simple - and that is so simple I missed it.

Or - I could be wrong again :)

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trueblueTEX
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Postby trueblueTEX » Fri Oct 08, 2010 3:37 pm

I guess TRO doesn't trade on First Fridays?

There've been some 50 and 60 pip candles, today!!

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tmanbone
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Postby tmanbone » Fri Oct 08, 2010 6:06 pm

Dinner time.

Image

Slow steady grub.

Image

I'm full. May I be excused? Reminds of my childhood dinner routine. lol
"The simplicity of the markets is it's greatest disguise"



T

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trueblueTEX
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Postby trueblueTEX » Fri Oct 08, 2010 6:26 pm

That's great, Tman! What indy shows that "DAILY ...." and the "ATR.."?

Also, out of curiosity, could you mark where you got in on the trade?

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tmanbone
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Postby tmanbone » Fri Oct 08, 2010 7:03 pm

TRO_TRADE_LINES_ohlm

Didn't trade. Observing. I like the mid 10 pip sweetspot. Stop outside of the rat zone.
"The simplicity of the markets is it's greatest disguise"



T

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