2009.09.10 DRAIN THE BANKS - LIKE A RAT

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trueblueTEX
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Postby trueblueTEX » Fri Oct 08, 2010 7:05 pm

how did you get that avocado "sweetspot" in there?

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tmanbone
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Postby tmanbone » Fri Oct 08, 2010 7:17 pm

That's the daily open minus ATR (14) 10 pip zone shaded the color of cheese, when it's not behind the green rat zone color. Select show shade ATR = true.

Image
Last edited by tmanbone on Sat Oct 09, 2010 1:10 pm, edited 4 times in total.
"The simplicity of the markets is it's greatest disguise"

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Postby trueblueTEX » Fri Oct 08, 2010 7:40 pm

Do you have any settings that are different from default?

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tmanbone
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Postby tmanbone » Fri Oct 08, 2010 7:58 pm

All default. Changed a few colors. I went into the code and BOLDED the words, on the chart, and changed the font from 8 to 10 or 10 to 12. I can't remember which. Starting from the top:

true
true
true
true
true
20
0
1
14
12
100
100
20
10
10
2
1
0
2

and choose your color preference.
Last edited by tmanbone on Sat Oct 09, 2010 1:15 am, edited 1 time in total.
"The simplicity of the markets is it's greatest disguise"



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tmanbone
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Postby tmanbone » Sat Oct 09, 2010 12:38 am

TheRumpledOne wrote:Image

RESULTS.

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


Bump for current students. Study this until the :idea: goes off.
"The simplicity of the markets is it's greatest disguise"



T

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skivers
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Postby skivers » Sat Oct 09, 2010 9:57 am

tmanbone wrote:
TheRumpledOne wrote:Image

RESULTS.

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


Bump for current students. Study this until the :idea: goes off.


tmanbone - is this any closer?


Tro mentions more than two reasons not to have entered on the first two reversals


1).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?

And after the first green pair together - the greens simply start to balance the reds - so you can plainly see the market is fighting back here?



2). price does not like to stay between the lines- so would want to break out one way or the other - the evidence for support and a reversal was building.


Thanks for discussing this resurrected screen shot. I know I have got a lot out of it - even knowing I was looking in the wrong direction to start with helps



If I can quote from the Film 'The Shawshank Redemption' -- "Salvation lies within" -Well a bit anyway :)

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Postby skivers » Sat Oct 09, 2010 10:45 am

tmanbone wrote:
TheRumpledOne wrote:Image

RESULTS.

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


Bump for current students. Study this until the :idea: goes off.


Another thought from this Yale student is that the Last three candles have broken up from the consolidation area (sweet spot line) - i.e even the lower wicks are higher than the sweet spot line - after that we had the reverse.

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Postby tmanbone » Sat Oct 09, 2010 1:18 pm

It would have to be a V before it could be a U. If it's not a V it's a U.
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Postby skivers » Sat Oct 09, 2010 4:40 pm

tmanbone wrote:That's the daily open minus ATR (14) 10 pip zone shaded the color of cheese, when it's not behind the green rat zone color. Select show shade ATR = true.

Image


HI Tman



You have an MA plotted with two areas circled that close below the MA - I notice they are the first two candles in the rise whose bodies close below the MA - A " time to think about getingt out of the party signal" perhaps?



Sorry for all the questions :oops:

Your help in making me think about this is appreciated

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Postby tmanbone » Sat Oct 09, 2010 8:06 pm

Take two traders taught the same method for a period of time, cut them loose, and they will not trade exactly the same. I think we take a little here, maybe a lot there and make it our own. My chart was just an observation. I study several traders. I noticed some struggle on when to get out.
"The simplicity of the markets is it's greatest disguise"



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