2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Re: DIA QQQQ

Postby TheRumpledOne » Wed Mar 09, 2011 1:52 am

Questions:

1: Do you use this to trade DIA or QQQQ, or can it be used ?

NO. I use the BUY ZONE to trade equities.

2: How would you trade the wide range candles?

All trades are the same.

3: On a day like today (3/7/2011) It seems like the bull signals are weak and very few. How could it possibly be more profitable to be long? I'm not debating your system doesn't work, just need clarification

By trading the pairs that are going up.


4: On your long signals, how do you determine if you will pass or not on the trade?

I just trade.


Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Re: Stop Loss

Postby TheRumpledOne » Wed Mar 09, 2011 1:54 am

ewcraigs wrote:TRO,

You say stop loss is 10 pips. But 10 pips from where the entry price? Below the low of the green signal candle?

How did you determine that 10 pips is best?

Thanks


Yes, 10 pips from the entry price.

If price moves against you 10 pips, isn't that enough?

STOP LOSS is a function of RISK and POSITION SIZE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Mar 09, 2011 1:57 am

xXx wrote:Hi there.

I am starting to see how this works.
I got some pips for myself using Rat Zone.
I always enter (M30 or 1H) at the bottom line of Rat Zone just to make sure that the price is going in the right direction.

I just need some clarification.

The question are:

1. Should I enter using M5 as on the picture at the line marked 1

2. Or should I enter when prices goes past the trigger at point marked 2?

3. I know that price is the same on all time frames but when in Rat Zone at which time frame should I be looking at?



At line marked 1.

Look at any time frames you want to.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DIA QQQQ

Postby ewcraigs » Wed Mar 09, 2011 3:12 am

Do you have a quick link to Buy Zone for equities?

What do you mean by "trading the pairs that are going up"?
TheRumpledOne wrote:Questions:

1: Do you use this to trade DIA or QQQQ, or can it be used ?

NO. I use the BUY ZONE to trade equities.

2: How would you trade the wide range candles?

All trades are the same.

3: On a day like today (3/7/2011) It seems like the bull signals are weak and very few. How could it possibly be more profitable to be long? I'm not debating your system doesn't work, just need clarification

By trading the pairs that are going up.


4: On your long signals, how do you determine if you will pass or not on the trade?

I just trade.


Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!!

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Postby MightyOne » Wed Mar 09, 2011 3:43 am

ewcraigs:
what do you mean by "trading the pairs that are going up"?


:smt046

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TheRumpledOne
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Re: DIA QQQQ

Postby TheRumpledOne » Wed Mar 09, 2011 4:10 am

ewcraigs wrote:Do you have a quick link to Buy Zone for equities?

What do you mean by "trading the pairs that are going up"?


Look for "Milking the Cows" or "Milk the Cows" to find the buy zone for equities threads.


The Buy Zone PDFs:

http://www.kreslik.com/forums/viewtopic.php?t=1050

http://www.kreslik.com/forums/viewtopic.php?p=10112

http://kreslik.com/forums/viewtopic.php?p=10476
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DIA QQQQ

Postby ewcraigs » Wed Mar 09, 2011 4:27 am

Thanks for the links, I'll check them out.

How are you coming to a conclusion on "trading the pairs that are going up", with the usual red candle, green candle, break of the high of the first green candle?

TheRumpledOne wrote:
ewcraigs wrote:Do you have a quick link to Buy Zone for equities?

What do you mean by "trading the pairs that are going up"?


Look for "Milking the Cows" or "Milk the Cows" to find the buy zone for equities threads.


The Buy Zone PDFs:

http://www.kreslik.com/forums/viewtopic.php?t=1050

http://www.kreslik.com/forums/viewtopic.php?p=10112

http://kreslik.com/forums/viewtopic.php?p=10476

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TheRumpledOne
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Postby TheRumpledOne » Wed Mar 09, 2011 5:06 am

Why I have not been posting much the past week or so .... NASCAR!!

Image

Image

Went to the Phoenix race and then...

Image

Image

...went to the Las Vegas race. Hard to focus on trading when NASCAR is nearby.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby 2 xrismak » Wed Mar 09, 2011 5:14 am

Tro,
You have been making too much money lately that's why ! \:D/

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Postby 2 xrismak » Wed Mar 09, 2011 5:17 am

Tro,

Nice Pictures, Great Camera ! :wink:

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