2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 10, 2011 4:28 pm

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

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

THINK ABOUT IT!!


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MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

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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.

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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

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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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"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."

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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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Postby vincentws » Thu Mar 10, 2011 6:38 pm

Hi Avery,

I did not want to start a new thread just for this question, so I'm asking here.

Do you have an indicator which shows the statistics on how often the 3 Level in the 3 level ZZ Semaphore moves before it changes to another level?

I am having good success basically trading off of this and your Dynamic fibs, but I thought something like the buzzard indicator would be useful on the 3 Level.

Example:

3 Level set at 1.3800
set again at 1.3805
set a third time at 1.3808

after this third time it goes to another ZZ level.

this would yield a result of three. the indicator would have the stats for how often it is 1, 2, 3, etc... or something like that.

In your thoughts, would this be beneficial?, is there something which already does it?, is there another way to find the same information? or is it not even worth the effort to investigate?

Thanks,

Vincent

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Postby BrandX » Thu Mar 10, 2011 9:24 pm

I tried the TRO indies on Tradestation, but it is erratic, so I gave up and got a MT4 account. They work perfectly on MT4. My problem is seeing the numbers (circled on the chart), anyone know how to increase the size?


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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 10, 2011 10:28 pm

vincentws wrote:Do you have an indicator which shows the statistics on how often the 3 Level in the 3 level ZZ Semaphore moves before it changes to another level?


No, I don't.
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 10:31 pm

BrandX wrote:I tried the TRO indies on Tradestation, but it is erratic, so I gave up and got a MT4 account. They work perfectly on MT4. My problem is seeing the numbers (circled on the chart), anyone know how to increase the size?



As far as I know, you can't via MT4.

You would have to do that via Windows. Changing your resolution may help.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TygerKrane » Fri Mar 11, 2011 5:08 am

vincentws wrote:In your thoughts, would this be beneficial?, is there something which already does it?, is there another way to find the same information? or is it not even worth the effort to investigate?

Do you understand how 3 level ZZ Semaphore really works? What it is 'indicating'?

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Indicator

Postby ewcraigs » Fri Mar 11, 2011 5:20 am

TRO,

Do you ever use rsi(2), MACD 2,3,1, or linear regression channel anymore? Why, or why not?

Saw a few of your posts on Stockfetcher.

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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 11, 2011 6:45 am

No, not really. RSI(2) is still on some of my stock charts.

I don't use SQUIGGLY LINES because using the Buy Zone and Rat Zone are much better ways to trade STATISTICALLY.

Did you see my latest filter - OVER NIGHT HOLD?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 11, 2011 12:50 pm

Image

To paraphase Cool Hand Luke:

"Sometimes nothing is a pretty cool thing to do".

Right now there is NO OPPORTUNITY for green rats, so I WAIT.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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