2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Fri Nov 05, 2010 12:44 pm

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Price within 20 pips of the daily low (ClLo <= 20) - that is OPPORTUNITY

Current price - current daily low is less than 20 pips.

========================= ====================

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby tmanbone » Fri Nov 05, 2010 12:45 pm

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

T

ashur123
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Postby ashur123 » Fri Nov 05, 2010 1:44 pm

johnsund wrote:ashur - interesting point you make and that your charts reveal about taking trades only when a seamfor has formed. Are your settings those that TRO established for 1, 2 and 3 semafors? Thanks.




Hey john, to be honest i rarely even pay attention to the semafor. TRO's concept is one of the easiest. Choose to either go LONG or go SHORT, but only choose ONE position and never change your mind. You dont need a reason to enter. The lines i have on my chart just satisfy my mind for wanting a reason to enter.(hope that makes sense lol) You will have losses but if your taking any profit you can, losses will be to a minimum.

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Postby skivers » Fri Nov 05, 2010 3:47 pm

I was pleased to take this trade a few mins ago - I still have an itchy get out of the market finger - but at least I initially used TRO's idea of having a plan for moving my stop - closed the platform after that.

Have a great weekend


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TheRumpledOne
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Postby TheRumpledOne » Fri Nov 05, 2010 9:21 pm

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=============================================

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

=============================================

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Question

Postby pika » Sat Nov 06, 2010 12:56 am

Hi TRO,

If I remember correctly, you have mentioned before that we should:
(1) trade in the same direction (color) as the current H1 bar.
(2) trade only one color, i.e. be a green or red rat.

My question is whether we must follow condition (1) AND (2), or do we just follow (1) OR (2)?

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trueblueTEX
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Postby trueblueTEX » Sat Nov 06, 2010 2:25 am

I'm definitely not TRO but I'll throw out my understanding of this. If I've got it right, TRO's teaching well. If I've got it wrong, I'm learning poorly.

To be a rat is to ALWAYS trade ONLY either long or short.

Trading with the current H1 bar helps put the odds in your favor.

But trading with the H1 is a rule that can be broken.

To break the rule of ONLY trading either long or short is to be a Yale student.

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Re: Question

Postby skivers » Sat Nov 06, 2010 10:23 am

pika wrote:Hi TRO,

If I remember correctly, you have mentioned before that we should:
(1) trade in the same direction (color) as the current H1 bar.
(2) trade only one color, i.e. be a green or red rat.

My question is whether we must follow condition (1) AND (2), or do we just follow (1) OR (2)?


I agree with Tex - yes trading with the hour candle can put odds it your favour.

But, if you look to your left and see a reversal taking place at about (say) half past the hour (dont be fussy here) and it is happening regularly - then take the trade.

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TheRumpledOne
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Postby TheRumpledOne » Sat Nov 06, 2010 5:01 pm

trueblueTEX wrote:I'm definitely not TRO but I'll throw out my understanding of this. If I've got it right, TRO's teaching well. If I've got it wrong, I'm learning poorly.

To be a rat is to ALWAYS trade ONLY either long or short.

Trading with the current H1 bar helps put the odds in your favor.

But trading with the H1 is a rule that can be broken.

To break the rule of ONLY trading either long or short is to be a Yale student.


That is correct.
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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trueblueTEX
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Postby trueblueTEX » Sat Nov 06, 2010 5:51 pm

Woohoo!! I'm learning!

Now to the application thereof!

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