2009.09.10 DRAIN THE BANKS - LIKE A RAT

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wangyue22
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Postby wangyue22 » Fri Dec 31, 2010 4:04 pm

Hello george, Im not TRO and no expert on this method, from what i learned from the last 280 pages, (3days of coffee) is that your entry is correct according to TRO, how much you want out of that run is up to you
o.O
"find a job you love and you will never work a day in your life" Confucius

"its all relative" Eisenstein

"if you love everything, then nothing is work, if you think everything is work, then nothing is work" Confustein ^.^

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wangyue22
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Postby wangyue22 » Fri Dec 31, 2010 4:06 pm

also, TRO is a genius. finished reading all the pages on this thread, but thousands of pages awaits me in this forum. currently reading pipeasy on another forum. "We want price to never come back to our entry. Where do you think this will happen? It will happen near the open of the candle. " this is exactly the same logic as TRO's method ^.^


edit: oh god, another 260 page thread. there goes my weekend. ^.^

sorry TRO for being offtopic of this thread, but work computer wont let me upload images T.T

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Postby cosmoe1 » Fri Dec 31, 2010 4:42 pm

GeorgeCh wrote:Hi guys,

Been reading up on TRO's method for a few days now while watching the markets in demo mode.

Could you please take a look at the attached setup and let me know if this is the kind of trade TRO has in mind? This would help me gauge if I understood his method correctly.

What I see on the setup is a reversal from the high - I would have entered on the second candle at around 1.5512, or the low of the first red candle.




looks like a red rat trade set up on the 15 minute chart. You may want to drop down to a 5 minute chart to possible find a better entry point.
on a red rat setup, price makes a new high, look for a green bar, green bar, red bar, wait for red bar to close go short at lowest point of that last red bar close. 10 pip stop loss.

cos

GeorgeCh
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Postby GeorgeCh » Sat Jan 01, 2011 12:09 am

Happy 2011! May it bring you many pips and 2%+ days!

Eyeballing today's chart, I am very surprised at the efficiency of the method - as a red rat, there were a total of 3 trades that could be taken on EURUSD alone. The only caveat is that the 10 pip SL would have been too tight - but aside from that, the system works exactly as TRO said it does.

Check out the chart!


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Postby hazelj80 » Sat Jan 01, 2011 12:56 am

GeorgeCh wrote:Happy 2011! May it bring you many pips and 2%+ days!

Eyeballing today's chart, I am very surprised at the efficiency of the method - as a red rat, there were a total of 3 trades that could be taken on EURUSD alone. The only caveat is that the 10 pip SL would have been too tight - but aside from that, the system works exactly as TRO said it does.

Check out the chart!



you could have gotten out at the lines on the charts which are whole numbers, great places to exit. if you think the next whole number is too close, then exit at the next neasres one. you would have got your 2% for sure today. also, if you are a green rat, you would have traded with the W1 direction and got your moneys worth for sure

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Postby topedge » Sat Jan 01, 2011 4:20 pm

TheRumpledOne wrote:Image


Price within 20 pips of the daily low (ClLo <= 20) - that is OPPORTUNITY

Current price - current daily low is less than 20 pips.

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

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.


Hey TRO,
What indicator is this? Is it part of your free or is it a donational?
Thank you,

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TheRumpledOne
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Postby TheRumpledOne » Sun Jan 02, 2011 10:19 pm

TRO2010_MP_HLC_PIPS is a 2010 DONATIONAL indicator.
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 wangyue22 » Mon Jan 03, 2011 5:47 am

hello TRO, this might be off topic for this thread, but for the last 283 pages, one question for the rat pack is which color to stick with and this came to mind.

stare at the picture for 20 seconds.

if the picture rotate counter clockwise = GREEN
if the picture rotate clockwise = RED
if the picture does none/all of the above, pick a color first, drain the banks for a bit and think about what that means

if you dont agree with this method, i will delete it asap.



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TheRumpledOne
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Postby TheRumpledOne » Mon Jan 03, 2011 12:51 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

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

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.

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

HAPPY NEW YEAR!

MAY ALL YOUR DEALS BE ACCEPTED.

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

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 Jan 03, 2011 1:33 pm

Image

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.

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

"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."


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


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.
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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