2009.09.10 DRAIN THE BANKS - LIKE A RAT

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ZsApprentice
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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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genlogins
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Postby genlogins » Sat Nov 27, 2010 11:14 pm

IMO, stall is when price just stays on the same value for a period of time.

Of course since I have the tick chart, that only happen at night when price can stay in the same value for over 30 seconds.

When using more than Tick chart than stall may be in a range of a few pips. It is like the sideways movement some people talk about.

Also, Stall can be refered to the bench used in the farmers markets. LOL
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The Way To Money Is Using Simplicity And Take Small Loses

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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 29, 2010 1:52 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.

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

ALL YOU NEED TO KNOW ABOUT TRADING

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)
You can not control the probabilities of wining or losing.


You can not control your average win size.


The only part of the equation of the equation that you can control is your average loss size.
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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ZsApprentice
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Postby ZsApprentice » Mon Nov 29, 2010 3:13 pm

[quote="TheRumpledOne"]Image


Waiting for the lower lows to stop before pouncing..

Some thick headed Yale students may say waiting for the trend to "stall".. but since I don't know anyone like that, :-) I'll just be sitting on the sidelines until more confirmation that the lower lows/higher highs are beginning to break down..

:-)

ZsApprentice
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Postby ZsApprentice » Mon Nov 29, 2010 3:23 pm

Looks like it may want to happen right here..

:-)

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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 29, 2010 3:35 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

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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.

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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!



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Postby MAXiMUS_ » Mon Nov 29, 2010 9:27 pm

A lot of good trades done today :) I'm glad to be with you TRO and other guys live trading fx :) on paltalk ... See you tomorrow :)
"It is stupid to fight a battle that you cannot win, and you cannot win unless you have properly planned for it". - Sun Tzu, The Art of War

thefxguru
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TheFXGuru.com - FREEAnother Great Trading day yesterday

Postby thefxguru » Mon Nov 29, 2010 9:39 pm

Free Views from yesterday.Tonights Free Signlas/Views willbe posted @ 9:30 pm PST

GBP/USD, EUR/JPY, AUD/USD - Available on our site

EUR/USD -made over 100 Pips

Currency Pair ? EURUSD

Type of Trade ? Buy
Price to Enter ? 1.3195
Price to Take Profit ? 1.3245
Stop Loss - 1.3165

OR

Type of Trade - Sell
Price to Enter ? 1.3255
Price to Take Profit ? 1.3205
Stop Loss - 1.3285

*** All Trade should take into account a standard deviation of +/- 4pips

*** Strategies Valid for Entry between 2100 - 2400 hrs. PST

- The FX GURU

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MAXiMUS_
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Postby MAXiMUS_ » Mon Nov 29, 2010 10:11 pm

bullshit ... I can give you milion signals from yesterday with only 2 pip stop loss and 200pips target :D you are very funny bro....giving signals from yestreday LMFAO :D
"It is stupid to fight a battle that you cannot win, and you cannot win unless you have properly planned for it". - Sun Tzu, The Art of War

thefxguru
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Postby thefxguru » Mon Nov 29, 2010 10:16 pm

I guess you have a hard time reading sir. Thats the strat from last night to show what we posted. Come check us out when we post tonight's signals.

Thanks for the feedback.

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