2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- TheRumpledOne
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MAXIMUM RISK = 2% * ACCOUNT BALANCE.
STOP LOSS = 10 PIPS. (INCLUDING SPREAD)
POSITION SIZE = RISK / STOP LOSS.
This is how you make 2% per day.
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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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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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The rat system
TheRumpledOne wrote:
Price within 20 pips of the daily low (ClLo <= 20) - that is OPPORTUNITY
Current price - current daily low is less than 20 pips.
Hello Tro
How are you?Hope you fine.Your rat system is working very well with me.Thank you very much.
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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
TheRumpledOne wrote:
MAXIMUM RISK = 2% * ACCOUNT BALANCE.
STOP LOSS = 10 PIPS. (INCLUDING SPREAD)
POSITION SIZE = RISK / STOP LOSS.
This is how you make 2% per day.
<-------------------------------------------------------------------->
The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.
<-------------------------------------------------------------------->
PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
TRO also have entered once before that, as I recall from the live chat.
Was your previous entry using the high of the 8th green candle or the 9th green candle?
On this trade you got just 10 pips, but the other one you must had 3 -5 pips, a hand full like you said in the chat.
- TheRumpledOne
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- Joined: Sun May 14, 2006 9:31 pm
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Gotta love playing off of the daily lows.
Red candle-red candle-green candle, wait for the green candle to close. On this one I put on a buy order on at the top of the green candle. Buy order triggered four candles later.
Bought 2 lots. 10 pip stop loss. Closed first lot out at +10 pips. closed second lot out at +40
Cosmoe1
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Very well done cosmoe1. I will try that approach next year, mean while happy Xmas.
http://kreslik.com/forums/viewtopic.php?p=50189#50189
http://kreslik.com/forums/viewtopic.php?p=50189#50189
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The Way To Money Is Using Simplicity And Take Small Loses
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The Way To Money Is Using Simplicity And Take Small Loses
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@cosmoe
nice, clean chart and profitable too
nice, clean chart and profitable too
My threads
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
"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)
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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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1) Price within 20 pips of the daily low - that is OPPORTUNITY
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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.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.