2009.09.10 DRAIN THE BANKS - LIKE A RAT

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raulitiu
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Postby raulitiu » Thu Jul 28, 2011 9:06 am

thank you

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bettlebox
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Postby bettlebox » Sun Jul 31, 2011 7:08 am

Hi TRO,

What is confusing about your question TRO is very next post you say " reversals come in 2 shapes a "V" or "U".

Im trying to learn can you tell me what the 2 reasons are, or at least give me a hint please? I would be very grateful, its driving me nuts. :(

please answer TRO.

BB

TheRumpledOne wrote:Image

The first 2 green rat reversals were losing entries.

Do you see a reason not to enter those trades?

Hints: There are at least 2 reasons. Use your eyes to see - do not think about it.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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MightyOne
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Postby MightyOne » Sun Jul 31, 2011 5:30 pm

I think that he wants you to see the false support in the downtrend and then note that the first bull candle stopped at the last false support level. If you took the second Rat signal then you would be trading right on top of the same level, but if you take the third you would have enough space to take partial profits around that same level.

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TygerKrane
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Postby TygerKrane » Sun Jul 31, 2011 11:31 pm

I don't know MO, TRO tends to see things from a Rat's Eye point of view :P
I doubt he'd have as many concepts in his explanation...

I'm more likely to say that, for any of the different timeframes that we choose to view price from, one of the first signs that a 'downtrend' is 'over', is that price should first close above something.

"Price closing over 'Something'"???

Sounds like the kind of thing MightyOne is liable to say...LOL :lol:

**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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MightyOne
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Postby MightyOne » Mon Aug 01, 2011 1:12 am

Is price closing higher or lower than something?

Simple yet powerful question.

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bettlebox
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Postby bettlebox » Tue Aug 02, 2011 8:59 pm

Thank You MO :) i see it now.

MightyOne wrote:I think that he wants you to see the false support in the downtrend and then note that the first bull candle stopped at the last false support level. If you took the second Rat signal then you would be trading right on top of the same level, but if you take the third you would have enough space to take partial profits around that same level.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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TheRumpledOne
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Postby TheRumpledOne » Wed Aug 03, 2011 12:39 am

bettlebox:

Please explain it in your own words.
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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bettlebox
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Postby bettlebox » Fri Aug 05, 2011 7:48 am

Thanks TRO and MO. Heres how i saw it.

Image
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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TheRumpledOne
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Postby TheRumpledOne » Fri Aug 05, 2011 3:33 pm

Nice explanation. Thanks.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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wkestler
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Postby wkestler » Sun Aug 07, 2011 4:01 am

Hi TRO i have trading like a rat on the D1 frame but my question is which is a good SL to use. 10 pips or more? so far i`ve been using much more than 10 and profit is very good my i still have that concern.

Thanks for your advice

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