2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- TheRumpledOne
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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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- TheRumpledOne
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- TheRumpledOne
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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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If the rat is beating you, you are the reason why.
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"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.
Please do NOT PM me with trading or coding questions, post them in a thread.
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- TheRumpledOne
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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
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!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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I can make you LOOK but I can not make you SEE!
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"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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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 do NOT PM me with trading or coding questions, post them in a thread.
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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
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:
I can make you LOOK but I can not make you SEE!
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"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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