2009.09.10 DRAIN THE BANKS - LIKE A RAT

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MightyOne
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Re: Hiya

Postby MightyOne » Mon Nov 08, 2010 6:53 am

MAXiMUS_ wrote:Hi TRO,

I saw your post on z-line topic, did you try these entries?


z-lines paint a mental picture of a trading concept, they are not entries.

The idea is that if you can see profit then you can see loss & if you can see loss then you can see profit.

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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 08, 2010 1:43 pm

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"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE (italics added)

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

"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden

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

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

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

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!

Please do NOT PM me with trading or coding questions, post them in a thread.

teamforex.eu
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Postby teamforex.eu » Mon Nov 08, 2010 5:11 pm

Hi,
today I have processed with Paypal the 50$ donation, and I ask to you, as possibile, send to me the all indicators and templates of the DTB indicates within this post.

I working in this days, with the DTB V.8, and I obtain optimal result, with 4-5 pips for every operation. For courtesy, can you send me, all the last innovationes of the DTB V8 - V9 with the explanations? Thanks

Mail: info@teamforex.eu
Skype: antirula

Italy

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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 08, 2010 7:57 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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Postby trueblueTEX » Tue Nov 09, 2010 12:32 am

Hey TRO,

It looks like your trade arrows appear on the close of the previous green and not the high.

Do you use the close to enter or the high?

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Postby jaysen » Tue Nov 09, 2010 1:28 pm



My attempts at green rat trades

Rat : Green
Green arrows : Entry @ high
Red arrow : Loss taken
Orange arrows : Entries omitted
Grey arrow : Didnt get filled

Other notes
Trade with the hour
Master 1 pair first
Trade 1 direction only
Dont chase if the entry was missed - always more trades around the corner
Its pretty darn hard to do this if you're paying spread
Trade management is important - Don't be greedy
Last edited by jaysen on Tue Nov 09, 2010 6:29 pm, edited 2 times in total.

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 09, 2010 1:55 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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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 09, 2010 2:00 pm

trueblueTEX wrote:Hey TRO,

It looks like your trade arrows appear on the close of the previous green and not the high.

Do you use the close to enter or the high?



1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.
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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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 09, 2010 3:42 pm

Image

No, I have NOT gone SQUIGGLY on you. Someone asked me about "The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method." They were curious about other entry methods.

Going long within the RAT ZONE when price closes about a rising moving average is another entry method.


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

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!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 09, 2010 8:29 pm

Image

Do you see how this works?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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