2009.09.10 DRAIN THE BANKS - LIKE A RAT

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punkboy1980
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Re: TRO2011_MP_GPS

Postby punkboy1980 » Wed Mar 09, 2011 11:16 pm

Hawaiifive9 wrote:And here's what the GBPUSD chart looks like when I load the GPS template - as per the 2011 donational indys...


Mine showed up funny when I first loaded it too but when I opened up the indicator list and edited it ( I changed the period to D1) after I was done it popped up normal.

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hopearisen
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MAXIMISING GPS INFO

Postby hopearisen » Thu Mar 10, 2011 1:37 pm

HI TRO,
WOULD IT BE RIGHT TO USE GPS INFO TO SELECT PAIR AND TRADE OFF EXTREMES GIVEN PREFRENCE TO PAIR WITHIN(DAILY,WEEKLY AND MONTHLY)EXTREMES SHOWN IN GPS OR JUST KEEP IT TO DAILY EXTREM.
Appreciate your help.

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TheRumpledOne
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Re: Randomness

Postby TheRumpledOne » Thu Mar 10, 2011 1:41 pm

ewcraigs wrote:TRO,

With the inherent randomness of the market, How about just flipping a coin? Heads Long, Tails Short. I'm really serious. I'm curious about your thoughts and others on the forum.

Then just do a 1:2 risk/reward. I wonder what the statistics would show?


It would be better to go Long heads and NO TRADE tails.

That way, you can not always be wrong.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 10, 2011 1:54 pm

Hawaiifive9 wrote:
punkboy1980 wrote:
Hawaiifive9 wrote:The utter simplicity of this method finds me utilizing few if any of the indicators at this time, however this one provides a nice overall snapshot of what's goin on. Mahalo plenty for the help :smt100



It's TRO2011_MP_GPS, I believe.


That's kinda what it looks like to me too, but when I drop/drag onto my screen it (default) comes out lookin like this:


Put a "m", without quotes, in the myAddition input.

That should fix it.
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TheRumpledOne
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Re: MAXIMISING GPS INFO

Postby TheRumpledOne » Thu Mar 10, 2011 1:58 pm

hopearisen wrote:HI TRO,
WOULD IT BE RIGHT TO USE GPS INFO TO SELECT PAIR AND TRADE OFF EXTREMES GIVEN PREFRENCE TO PAIR WITHIN(DAILY,WEEKLY AND MONTHLY)EXTREMES SHOWN IN GPS OR JUST KEEP IT TO DAILY EXTREM.
Appreciate your help.


You can use daily, weekly and monthly extremes.

Just load a separate copy of the GPS for each time frame.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Hawaiifive9 » Thu Mar 10, 2011 4:05 pm

TheRumpledOne wrote:
Hawaiifive9 wrote:
punkboy1980 wrote:
Hawaiifive9 wrote:The utter simplicity of this method finds me utilizing few if any of the indicators at this time, however this one provides a nice overall snapshot of what's goin on. Mahalo plenty for the help :smt100



It's TRO2011_MP_GPS, I believe.


That's kinda what it looks like to me too, but when I drop/drag onto my screen it (default) comes out lookin like this:


Put a "m", without quotes, in the myAddition input.

That should fix it.


Here are screen shots of what I'm getting with the"m"... :(
Attachments
GPS_via_ Navigator.png
Gps via navigator drag/drop
GPS_via_ Navigator.png (56.99 KiB) Viewed 1906 times

Hawaiifive9
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Postby Hawaiifive9 » Thu Mar 10, 2011 4:07 pm

GPD via Template... :(
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GPS_VIA_TEMPLATE.png
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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 10, 2011 4:27 pm

Try using just GBPUSD in the symbol line.

There may be a pair your broker doesn't use.
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Postby TheRumpledOne » Thu Mar 10, 2011 4:28 pm

Image

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

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

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

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

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

THINK ABOUT IT!!


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

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

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

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

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

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!



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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 10, 2011 6:35 pm

Image

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

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

"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."

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

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!



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