2009.09.10 DRAIN THE BANKS - LIKE A RAT

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

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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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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Postby TheRumpledOne » Fri Nov 26, 2010 2:12 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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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."


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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 » Fri Nov 26, 2010 2:14 pm

ZsApprentice wrote: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..


You're welcome.

But...



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!



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Postby ZsApprentice » Fri Nov 26, 2010 4:01 pm

Yeah, I thought thats what you were going to say..

:-)

But, that's what I saw.. thru my "Yale" eyes..

Would it sound better if I said, I saw PA showing no more lower lows, and beginning to show higher highs?

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Postby jlpk007 » Fri Nov 26, 2010 4:40 pm


I am always faced with such scenario.

5 pips profit and 10 pips lost later. (2 trades) =5 pips lost
Trading EUR/USD for a month .. :cry:

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Postby TheRumpledOne » Fri Nov 26, 2010 4:57 pm

Looks like you could have made 10 pips or more with the first trade and been done with trading for the day.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby jlpk007 » Fri Nov 26, 2010 6:08 pm

TheRumpledOne wrote:Looks like you could have made 10 pips or more with the first trade and been done with trading for the day.


yes..i saw a 5 pips profit so i decided to take it and wait for next opportunity to enter...end up losing 10pips :cry:
There are quite a number of times..a few pips profit becomes 10pips lost...

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Postby ZsApprentice » Fri Nov 26, 2010 7:01 pm

TRO,

I have only been demo-ing the DTBLAR method for a short period of time..

Are there any "hints" with regards to the exits?

It seems as if you wait for a "stall" then one needs to define "stall"..

Is stall 2 pips against you, or is stall wait for 30 seconds w no advance, or is stall one red bar after you enter, etc?

It is definately going to take some screen time to get the feel right?

Also, can an ECN broker take orders "of size" quickly enough to make this method work.. not that I have "size" behind me, just curious

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Postby ZsApprentice » Fri Nov 26, 2010 7:49 pm

Also, one other question..

Why are do you buy your green rat orders on a limit, rather than as a stop order?

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