2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 29, 2010 1:18 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.

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"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

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Postby tmanbone » Fri Oct 29, 2010 1:21 pm

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E/G came into the zone.
"The simplicity of the markets is it's greatest disguise"

T

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The_Snowman
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CONSTANT RANGE BAR CHARTS

Postby The_Snowman » Sat Oct 30, 2010 2:49 pm

@ TRO,

Have you ever researched into using CONSTANT RANGE BARS in your trading?

I realize that a lot of your indicators are time based and would not work on a range bar chart, but seems to me that the price based indicators surely would benefit from using RANGE BARS, especially the Rat Zone.

And before everyone gets excited, yes, I searched this forum, but the search function is not as good as other forums.

Also, RANGE BARS are not Renko bars, Heikin Ashi bars, ticks bars or point & figure bars, please read this first -

http://www.investopedia.com/articles/tr ... t-view.asp

I do not have live data access right now, or I would surely be posting some charts.

And for those of you with Metatrader 4, a Constant Range Bar indicator is hard to find, but I did it, check it out here, the FREE version, don't pay for it -

http://www.surefiretradingchallenge.com ... SWWUBQHBCL

and here is how to use it, not as straight forward as just whacking it on the chart, you will see -

http://www.youtube.com/watch?v=J75KzAp11Y4
Last edited by The_Snowman on Sun Oct 31, 2010 3:23 am, edited 2 times in total.

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tmanbone
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Postby tmanbone » Sat Oct 30, 2010 3:01 pm

MT4 range bars are being used here:
http://kreslik.com/forums/viewtopic.php ... &start=920
"The simplicity of the markets is it's greatest disguise"



T

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Postby tmanbone » Sun Oct 31, 2010 2:03 am

TRO,

I'm curious how you get your #'s from the below figures into your expectancy formula. Expectancy = (probability of win * average win) - (probabilty of a loss * average loss) I noticed you demonstrated this over at Big Mikes but I couldn't figure out how you got the #'s. I would sincerely appreciate you demonstrating this. Thank you,

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



T

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The_Snowman
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thanks for that..........

Postby The_Snowman » Sun Oct 31, 2010 2:45 am

tmanbone wrote:MT4 range bars are being used here:
http://kreslik.com/forums/viewtopic.php ... &start=920


Thanks for the heads up on that, but the thread title is NINJA PLATFORM and I was asking about Metatrader 4.

Also, the charts that I see, although they mention range bars, look more like Heikin Ashi to me.

A true range bar will only have a tail at one end of the candle, because when it reaches the other end, it has fulfilled the RANGE requirement and a new candle or bar is formed.

Anyway, the question still stands and perhaps TRO will notice it sooner or later.

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Postby tmanbone » Sun Oct 31, 2010 3:18 am

Check with Phil, they're all MT4 over there now.
Last edited by tmanbone on Sun Oct 31, 2010 3:25 am, edited 2 times in total.
"The simplicity of the markets is it's greatest disguise"



T

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Re: thanks for that..........

Postby MightyOne » Sun Oct 31, 2010 3:19 am

The_Snowman wrote:
tmanbone wrote:MT4 range bars are being used here:
http://kreslik.com/forums/viewtopic.php ... &start=920


Thanks for the heads up on that, but the thread title is NINJA PLATFORM and I was asking about Metatrader 4.

Also, the charts that I see, although they mention range bars, look more like Heikin Ashi to me.

A true range bar will only have a tail at one end of the candle, because when it reaches the other end, it has fulfilled the RANGE requirement and a new candle or bar is formed.

Anyway, the question still stands and perhaps TRO will notice it sooner or later.


Remove anything from a chart but TIME! :shock:


I guess you could always set the bars to the median or average range of x period of time to simulate time but the chart would have to be constantly adjusted...or maybe an indi would do it? dunno.

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The_Snowman
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did they think about?

Postby The_Snowman » Sun Oct 31, 2010 3:35 am

tmanbone wrote:Check with Phil, they're all MT4 over there now.


Perhaps an appropriate TIME for them to start a new thread, with a new title? :?

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The_Snowman
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Re: thanks for that..........

Postby The_Snowman » Sun Oct 31, 2010 3:44 am

MightyOne wrote:
The_Snowman wrote:
tmanbone wrote:MT4 range bars are being used here:
http://kreslik.com/forums/viewtopic.php ... &start=920


Thanks for the heads up on that, but the thread title is NINJA PLATFORM and I was asking about Metatrader 4.

Also, the charts that I see, although they mention range bars, look more like Heikin Ashi to me.

A true range bar will only have a tail at one end of the candle, because when it reaches the other end, it has fulfilled the RANGE requirement and a new candle or bar is formed.

Anyway, the question still stands and perhaps TRO will notice it sooner or later.


Remove anything from a chart but TIME! :shock:


I guess you could always set the bars to the median or average range of x period of time to simulate time but the chart would have to be constantly adjusted...or maybe an indi would do it? dunno.


Please show me an example of a trade using TIME. I thought all followers of TRO would have open minds on new ideas.

For those interested, more reading here, on all everything you can base a chart on -

http://www.linnsoft.com/tutorials/periodicities.htm

Time Driven Periodicities

* Second Bars Each bar reflects trading activity during a user-specified number of seconds.
* Minute Bars Each bar reflects trading activity during a user-specified number of minutes.
* Daily Each bar reflects trading activity during one day.
* Weekly Each bar reflects trading activity during one week.
? Monthly Each bar reflects trading activity during one month.

Volume Driven Periodicities

* Tick Each point/dot reflects one trade/tick.
* Tick Bars Each bar reflects price action over a user-specified number of trades/ticks.
* Volume Bars Each bar reflects price action over a user-specified volume.

Price Driven Periodicities

* Range Bars Each bar has the same high/low range.
* Change Bars Each bar has the same open/close change.
* Point and Figure Each bar is built and displayed based on Point and Figure logic.
* Renko Each bar is built and displayed based on Renko logic.

These periodicities can be grouped into 3 categories: time driven, volume driven, and price driven.

Time Driven Periodicities - Second Bars, Minute Bars, Daily, Weekly, and Monthly

Time driven periodicities are those in which each bar is composed of the price activity that occurred during a specific amount of time. The open represents the first trade that occurred during that time period, while the close represents the last trade. In these periodicity, the volume and price range of each bar can vary greatly, while the time period is kept constant.

Volume Driven Periodicities - Tick, Tick Bars, Volume Bars

Volume driven periodicities are those in which each bar is composed of the price activity that occurred during the trading of a specific amount of volume or number of trades (ticks). In these periodicities, the price range and time of each bar can vary greatly, while the volume is kept constant.

Price Driven Periodicities - Range Bars, Change Bars, Point and Figure, Renko

Price driven periodicities are those in which each bar is composed of the price action that occurred during a given movement in price. That price movement can be expressed as a given high low range (Range Bars) or a given change from open to close (Change Bars). For Renko and Point and Figure periodicities, price must retrace a given amount in order to complete a bar. In these periodicities, the volume and time of each bar can vary greatly, while the price movement of each bar is kept essentially constant.

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