2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Mon Dec 20, 2010 2:56 pm

Image

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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WHY ISN'T EVERYBODY DOING IT?

Most of you know I catch a lot of flak on my forums because SOME PEOPLE don't like the way I post.

One worn out argument that is used repeatedly is, "If this is so (simple, great, profitable, <insert your own adjective>), then why isn't everybody doing it?"

Simple answer is because SOYLENT GREEN is people!

We all know exercise is great, but how many actually exercise?

We all know smoking is bad, but how many do it anyway?

We all know which foods are bad for our health, but how many eat those foods?

We all know that we should save for our future and spend less than we earn but who does that?

The list is almost endless.

As long as there are people, there will always be some STUPID people and some smart people making STUPID decisions, where STUPID is defined as knowing better but acting otherwise.

Meanwhile, the RATS are still beating the Yale students.

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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.

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kodex750
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Postby kodex750 » Wed Dec 22, 2010 1:38 am

I'm trading the GBP/USD pair on the 5 min chart. When is the best time to trade???

I tried the London open but a lot of activity. I also tried a couple of trades last nite ( around 11.30am London time) but it went against me. There were no news releases at that time too and price was within 20 pips.

kodex750
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Postby kodex750 » Wed Dec 22, 2010 1:43 am

Oh also,

When there is a breakout, how do we know when the price is ready to reverse?

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Postby ZsApprentice » Wed Dec 22, 2010 4:35 am

Kodex,

Try watching for the 2 hrs before the NY open and the next 3 hours after the NY open..

That's what times "seem" to be best for me.

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Postby kodex750 » Wed Dec 22, 2010 3:27 pm

Cheers ZsApprentice! Did get a few good trades even tho the price kept falling. :)

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Postby zbert_2000 » Thu Dec 23, 2010 7:33 pm

I truly think this is a great system! Is there by chance an EA developed?

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Postby hazelj80 » Fri Dec 24, 2010 4:49 am

kodex750 wrote:Oh also,

When there is a breakout, how do we know when the price is ready to reverse?


my first post here. not new to forex but new to the forum.

I would trade red/green rats with the H1/W1 being the same direction as your trade. This will keep you newer guys out of trouble. You could try the M15 as well. it wont matter. M5 M15, same type of move. M15 has less siganls but less false signals. D1 color doesnt matter as much, and neither does sessions as much. Just follow the rules.

And if you dont know when to bend or break rules, then dont do it. You're just going to burn upo an account when you dont know what you're doing.

Crawl before you walk.

And to the above person wondering about an EA. Dont ask for it. Do you know how this works manually? And i mean like the back of your palm without these indicators? If you dont then dont ask about EA's.

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TheRumpledOne
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Postby TheRumpledOne » Mon Dec 27, 2010 1:16 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

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

WHY ISN'T EVERYBODY DOING IT?

Most of you know I catch a lot of flak on my forums because SOME PEOPLE don't like the way I post.

One worn out argument that is used repeatedly is, "If this is so (simple, great, profitable, <insert your own adjective>), then why isn't everybody doing it?"

Simple answer is because SOYLENT GREEN is people!

We all know exercise is great, but how many actually exercise?

We all know smoking is bad, but how many do it anyway?

We all know which foods are bad for our health, but how many eat those foods?

We all know that we should save for our future and spend less than we earn but who does that?

The list is almost endless.

As long as there are people, there will always be some STUPID people and some smart people making STUPID decisions, where STUPID is defined as knowing better but acting otherwise.

Meanwhile, the RATS are still beating the Yale students.

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

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 » Mon Dec 27, 2010 1:34 pm

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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Postby hazelj80 » Mon Dec 27, 2010 4:24 pm

the thing with that dude is he does know how to trade this style. but that's not his intention. its divert attention to himself and destroy your thread. whatever. if people knew what they were looking at, they would know they dont need the indicators. they are just training wheels like you say in your indicators. if he did know that much anyways, why's he even on ANY forum saying anything. he should leave up to the trader to figure it out and use google. he should be trading 100's dollars per pip. If i was, i know i wouldn't be anywhere posting. I'd be off on vacation or trading. if hes not teaching, then he's just full of crap mostly.

funny dude

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