2009.09.10 DRAIN THE BANKS - LIKE A RAT

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Naynay
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Postby Naynay » Thu Nov 25, 2010 5:58 am

20 pips scalped on demo....
even though the trend was down


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tacoman
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Postby tacoman » Thu Nov 25, 2010 8:14 am


+7 on the turn of the hour, any comments welcome to assist my learning. Thanks.

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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 25, 2010 1:55 pm

Naynay wrote:20 pips scalped on demo....
even though the trend was down



THERE IS NO TREND!

TREND EXISTS ONLY IN THE MIND OF THE TRADER.

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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genlogins
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Postby genlogins » Thu Nov 25, 2010 1:58 pm

Naynay wrote:20 pips scalped on demo....
even though the trend was down




Hi Naynay,

I had 20 pips on the real, but with 1 trade, it took a long time but I did.

Check the Never Loose Again Thread.

http://kreslik.com/forums/viewtopic.php ... &start=180

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Postby jaysen » Fri Nov 26, 2010 8:22 am

paupau wrote:Can anyone tell me why I shouldn't have taken this trade?
Image


Hey paupau, with the benefit of 20/20 hindsight, your entry happened to be just where a turn was taking place.

But then, anything could have happened. :roll:

Image

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Naynay
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Postby Naynay » Fri Nov 26, 2010 8:24 am

Trading counter-trend luck ran out when I entered up when the rat zones were crossed.

Lesson learnt:- either don't trade when rat zones are crossed, or stick to trading in the direction of the daily trend if a signal appears.

At least, that would have been the right play today on the Euro.


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Postby ZsApprentice » Fri Nov 26, 2010 8:45 am

TRO,

Long time Yale student here..

I just finished a 270 pages of this thread and am very impressed w the simplicty of your DTB LAR "system"

I must say that I'm learning to "see" with a demo account, and have had my cheese eaten more times that I've eaten cheese..

This is primarily b/c I was green rat trading against a red H1 current..

I have noticed that my trading has drastically improved when I see that the downtrend is "slowing" and beginning to stall.. THEN look for green rat trades..

But, long ways to go to get the Yale out of my system, but, I just wanted to thank you for your "sticking with" this thread for 270 pages..

:-)


And for helping all of us Yaleys..

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TheRumpledOne
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Postby TheRumpledOne » Fri Nov 26, 2010 1:36 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.

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Naynay
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Postby Naynay » Fri Nov 26, 2010 1:42 pm

I'd wait a bit longer before buying any pounds, TRO.
Seems like the Euro wants to fall to bits first and take the pound with it for a while

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TheRumpledOne
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Postby TheRumpledOne » Fri Nov 26, 2010 2:12 pm

Image


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

<-------------------------------------------------------------------->

Choose Your Advice Carefully


Since your mind is your most valuable asset and your most valuable lever, you need to be careful what you put in it. Sometimes it is even more difficult to get rid of thoughts and ideas that are already in your mind than it is to learn something new - Pg 119 WHY WE WANT YOU TO BE RICH


F - Follow
O - One
C - Course
U - Until
S - Successful

- Pg 110 WHY WE WANT YOU TO BE RICH

If the rat is beating you, you are the reason why.

<-------------------------------------------------------------------->


"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.

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Thank you for your support.


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