2009.09.10 DRAIN THE BANKS - LIKE A RAT

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genlogins
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BIG pirate Joke

Postby genlogins » Thu Feb 10, 2011 8:08 am



When I moved to that time frame................

BUMMMMMMMMM................. NEW VIRUS.........................

I thought I was seeing a new virus. What should I do? (I said)

Switched my Internet Off, and than turned to M1 again.

Than, Back on again.

UUUUFFFFFFF.......... it was just a

BIG Pirate (TRO) Joke......................
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The Way To Money Is Using Simplicity And Take Small Loses

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Postby buddygold » Thu Feb 10, 2011 12:27 pm

AHA I got it - genius - I get that the time frame doesn't matter but which one do you find best to use
thanks again

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Postby buddygold » Thu Feb 10, 2011 12:42 pm

one thing, on my rat zone indicator (shaded area) it is only 5 pips?

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 10, 2011 2:45 pm

genlogins: That's not a joke. That is IDIOT MODE. Some people didn't understand when NOT to enter.

buddygold: change the input trigger to 20.
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.

tradervic1963
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How do you know when the daily high or low has been reached?

Postby tradervic1963 » Fri Feb 11, 2011 12:05 am

TRO, How exactly do you know when the daily high or low has been reached? Isn't only until the day is over and price action is complete for that 24 hour period that you can determine exactly what the high or low was for that day? Price could open, make a high, drop and then near the end of the day retrace to higher than it was right before the day opened. Do the donational indicators clarify that the high or low has been made for the day? I want to believe but my brain is so addled from technical trading that I don't get it!

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TokyoDrifter
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Re: How do you know when the daily high or low has been reac

Postby TokyoDrifter » Fri Feb 11, 2011 3:48 am

tradervic1963 wrote:TRO, How exactly do you know when the daily high or low has been reached? Isn't only until the day is over and price action is complete for that 24 hour period that you can determine exactly what the high or low was for that day? Price could open, make a high, drop and then near the end of the day retrace to higher than it was right before the day opened. Do the donational indicators clarify that the high or low has been made for the day? I want to believe but my brain is so addled from technical trading that I don't get it!


Hello Tradervic1963,

I am new to this too and hopefully TRO can correct me if I am wrong, but I believe you basically look at the leading indicator "1-2-3 Semafor" on the 1hr. Level 3 tells you what the Daily high is ( at the moment ). Then you go to a lower time frame for confirmation of the reversal ( 15m is where I look). The best entry opportunity is when the price is less than 20pips from the High/Low ( Green Rat/Red Rat ) of price.


TokyoDrifter
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Re: How do you know when the daily high or low has been reac

Postby TokyoDrifter » Fri Feb 11, 2011 5:30 am

tradervic1963 wrote:TRO, How exactly do you know when the daily high or low has been reached? Isn't only until the day is over and price action is complete for that 24 hour period that you can determine exactly what the high or low was for that day? Price could open, make a high, drop and then near the end of the day retrace to higher than it was right before the day opened. Do the donational indicators clarify that the high or low has been made for the day? I want to believe but my brain is so addled from technical trading that I don't get it!


Here you go....

http://www.elitetrader.com/vb/showthrea ... genumber=2

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Postby TokyoDrifter » Fri Feb 11, 2011 5:38 am

Btw, I traded 3 semafors on the GU yesterday all with a 10pip SL and 20pip target. Won 2, lost 1. 30pips profit! Goodbye squigglies!!! :D

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TheRumpledOne
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Re: How do you know when the daily high or low has been reac

Postby TheRumpledOne » Fri Feb 11, 2011 7:07 am

tradervic1963 wrote:TRO, How exactly do you know when the daily high or low has been reached? Isn't only until the day is over and price action is complete for that 24 hour period that you can determine exactly what the high or low was for that day? Price could open, make a high, drop and then near the end of the day retrace to higher than it was right before the day opened. Do the donational indicators clarify that the high or low has been made for the day? I want to believe but my brain is so addled from technical trading that I don't get it!


You do NOT know until after the day is over what the high and low price are for the day. But you do know that sooner or later as price makes a new high or new low that the high will be the high of the day and the low will be the low of the day.

Nothing can tell you what the high and low is until the day is over.

But the RAT doesn't have to know. The RAT accepts the "not knowing" and acts accordingly. And that is why the RAT beats the Yale students.
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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Re: How do you know when the daily high or low has been reac

Postby tfg » Fri Feb 11, 2011 8:24 am

duplicate deleted
Last edited by tfg on Fri Feb 11, 2011 8:30 am, edited 1 time in total.

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