2009.09.10 DRAIN THE BANKS - LIKE A RAT

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MAXiMUS_
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Postby MAXiMUS_ » Tue Nov 30, 2010 12:16 pm

Mainly on NY session...but I'm there earlier...
"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

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 30, 2010 1:35 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.

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

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Postby ZsApprentice » Tue Nov 30, 2010 1:37 pm

Now it looks like we need to wait for the lower low's to "slow down" a bit..

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Postby ZsApprentice » Tue Nov 30, 2010 1:49 pm

Almost time to post "results".. :-)

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 30, 2010 1:49 pm

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 30, 2010 1:53 pm

Image

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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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
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- 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!



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Postby ZsApprentice » Tue Nov 30, 2010 2:13 pm

Thanks for the video TRO.. what's funny is that some people actually believe that "missile" in LA was an airplane.. crazy..

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 30, 2010 2:56 pm

Interesting but keep your money in your pocket....

http://www.marketgauge.com/marblegame/

More about the Marble Game here:

http://www.investmentu.com/2002/December/20021206.html

FREE MARBLE GAME HERE:

http://www.iitm.com/Trading-Game.asp

Van Tharp info here:

http://www.iitm.com/weekly_update_backissues.htm
Last edited by TheRumpledOne on Tue Nov 30, 2010 7:48 pm, edited 2 times in total.
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 30, 2010 3:31 pm

Image

I can make you LOOK but I can not make you SEE!


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

"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

=============================================
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.

tfg
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Postby tfg » Tue Nov 30, 2010 3:57 pm

Avery, two questions:

1. the entry price 1.3017 is above, not within, 20 pips of daily low. Is this still a valid trade?

2. The low wick of the signal candle is larger than 10 pips. I guess when the candle first appeared, price first went down, then it went back up to hit 1.3017 where you took the trade? Otherwise, it would have hit your 10 pips stop and therefore, a losing trade.

tfg

TheRumpledOne wrote:Image

I can make you LOOK but I can not make you SEE!


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

"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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