2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
skivers
rank: <50 posts
rank: <50 posts
Posts: 33
Joined: Tue Sep 28, 2010 5:18 pm
Reputation: 0
Location: UK
Gender: None specified

Re: Question on: Trade like a RAT...

Postby skivers » Sun Nov 14, 2010 6:48 pm

maddman wrote:Please excuse my lack of understanding but maybe you or someone could give me some clarity? Q. A trade is placed when the candle moves into zone within 20 pips of the high or low. Correct? Also, what I then am expecting is a reversal in that zone to make 5 pips or more before exiting the position with your chosen amount of pip profit? Correct? Lastly is the trade place when? When the candle in the zone closes and still in the zone?
trueblueTEX wrote:eeeewwwww, eeeewwwww, eewwwwww (Horshack voice) I know this one!!

He only trades one per day.


May I suggest you try reading the first 15 pages of this thread - It is explained in much better detail than I can give in one post.

You will probably learn even more that I did :)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

jaysen
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Wed Jan 06, 2010 3:19 am
Reputation: 0
Gender: Male

Postby jaysen » Mon Nov 15, 2010 5:06 am




MightyOne wrote:Not exactly in the rule book but here it goes:

http://i52.tinypic.com/308ccic.gif

http://i55.tinypic.com/func08.gif


Thanks MO! It helped me understand what TRO was quoting:

"Now, 2 patterns of market behaviour 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)"

- H. Rearden

If price is NOT making a new low then it must be reversing from the low.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12776
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1264
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Nov 15, 2010 1:13 pm

Image


"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.

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

Image

Above chart shows frequency distribution of daily wick sizes over the last 10 days for USDCAD.


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

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.

User avatar
maddman
rank: <50 posts
rank: <50 posts
Posts: 20
Joined: Fri Feb 13, 2009 12:49 pm
Reputation: 0
Location: Las Vegas, Nevada
Gender: Male

Postby maddman » Mon Nov 15, 2010 1:33 pm

TRO, As I have been reading "Drain the Banks-Trade like a Rat" posts from the beginning, I have noticed evolution in the indicators and evolution in the patrons and students learning the process and procedures as well. My Question to you is: (1) When someone makes a donation as I have, do they receive all the necessary indicators and templates to make proper trades or do I have Google for them as you've told others before? (2) If what you send me is current then all the other older indicators and templates are irrelevant and not necessary?

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12776
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1264
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Nov 15, 2010 2:11 pm

1) They receive all of the current year's (2010) indicators UNLESS they specify 2009 or 2008.

2) You decide for yourself what to use and what is not necessary.

You do NOT need any indicators to be a RAT. The indicators are tools to help you SEE.

I have posted plenty of FREE indicators that can help you DRAIN THE BANKS LIKE A RAT.
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12776
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1264
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Nov 15, 2010 2:37 pm

Image


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

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

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

"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."

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

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.

User avatar
maddman
rank: <50 posts
rank: <50 posts
Posts: 20
Joined: Fri Feb 13, 2009 12:49 pm
Reputation: 0
Location: Las Vegas, Nevada
Gender: Male

Postby maddman » Mon Nov 15, 2010 2:55 pm

Well TRO, I guess that's why there is a difference between the student and the teacher: The teacher knows where to find the information. I'm learning, thanks to you.

jaysen
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Wed Jan 06, 2010 3:19 am
Reputation: 0
Gender: Male

Postby jaysen » Tue Nov 16, 2010 5:34 am

Image


Not exactly the best entry but figured there's still some room to go till the daily range

Basically lots of waiting. Exited at 1.36500

User avatar
paupau
rank: <50 posts
rank: <50 posts
Posts: 21
Joined: Fri Jan 08, 2010 2:16 am
Reputation: 0
Location: Brisbane
Gender: None specified

Postby paupau » Tue Nov 16, 2010 6:04 am

jaysen wrote:Image


Not exactly the best entry but figured there's still some room to go till the daily range

Basically lots of waiting. Exited at 1.36500


I had the similar trade, but earlier entry & not as much profit.
Lots of waiting.
I was doing something else when suddenly realise that the price went up very fast and hit the TP.
But daily goal reached, so I'll quit for the day.
Image

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12776
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1264
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Tue Nov 16, 2010 12:10 pm

Image


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!



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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”