2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 7
Gender: Female

Postby newscalper » Fri Aug 12, 2011 6:57 am

We're looking at the H1 chart but what TF is being used as entry trigger? H1 or less?
Based purely on this chart it like like a stop order set for a breakout of the congestion, ignoring wicks.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

pp2
rank: 150+ posts
rank: 150+ posts
Posts: 158
Joined: Fri Oct 23, 2009 5:03 am
Reputation: 1
Gender: None specified

Postby pp2 » Fri Aug 12, 2011 7:13 am

If you're looking for long/medium term long and an optimum entry price, both ill time entries because first top of the range, second was in middle of range

unless the gameplan was a breakout trade entry

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12818
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1459
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Aug 12, 2011 2:18 pm

It was a trick question!

Unless you know what the entry trigger is, how can you determine the timing of the entry?

Remember, the (YALE STUDENT) brain will attempt to solve every problem it is given. Don't fall for this trick again!
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.

wkestler
rank: <50 posts
rank: <50 posts
Posts: 30
Joined: Wed Mar 10, 2010 5:39 pm
Reputation: 0
Location: Guatemala
Real name: Walter Kestler
Gender: None specified
Contact:

Postby wkestler » Fri Aug 12, 2011 6:21 pm

Thanks for your answers regarding my question of DTB for D1 TF i will consider your advice specially now that i have a turnover and my SL was big enough to hurt me!!

TRO can you help me with something... i am a green rat and recently i set a position on D1 and it was activated after passing the high of the last green bar for just 1 pip but after that it all went really down and hit my wide SL. I know losses are part of trading but for higher TF it will be better to set a position to be open H + 5 pips for example instead of just when the high of the previous green bar is touched??

Thanks for your help and advice.

Regards,

Walter

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12818
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1459
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Aug 12, 2011 6:25 pm

You are NOT trading time frames. You are trading PRICE.

PRICE IS THE SAME ON ALL TIME FRAMES!!
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

wkestler
rank: <50 posts
rank: <50 posts
Posts: 30
Joined: Wed Mar 10, 2010 5:39 pm
Reputation: 0
Location: Guatemala
Real name: Walter Kestler
Gender: None specified
Contact:

Postby wkestler » Fri Aug 12, 2011 6:32 pm

Thanks your are 200% right!! I mentioned the TF just for reference but still have my doubt since my position was opened at my entry price according to DTB method but didn´t went up so do you consider it was just a losser trade as part of trading or i should place my entry price a bit higher that the high of last green bar?

thanks again and appreciate your help.

Regards

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12818
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1459
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Aug 12, 2011 7:41 pm

Every trade will not result in a win.
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.

Hawaiifive9
rank: <50 posts
rank: <50 posts
Posts: 22
Joined: Mon Feb 28, 2011 6:02 am
Reputation: 0
Location: HAWAII
Gender: Male

Postby Hawaiifive9 » Mon Aug 15, 2011 6:28 am

TheRumpledOne wrote:It was a trick question!

Unless you know what the entry trigger is, how can you determine the timing of the entry?

Remember, the (YALE STUDENT) brain will attempt to solve every problem it is given. Don't fall for this trick again!



YO - TRO


Well done...lesson learned =D>

coobin
rank: <50 posts
rank: <50 posts
Posts: 4
Joined: Thu Aug 18, 2011 7:03 pm
Reputation: 0
Gender: Male

Disastrous day

Postby coobin » Thu Aug 18, 2011 7:35 pm

Hi All,



This is my first post here. However I have been with this forum for quite a long time only reading not posting at all.

I started to trade rat 1 month a ago. I am green rat.

At the begining my results were quite ok, but the more I trade it , the worse results I get. Today I had a really horrible day. It is real money however micro lots, so not much pain.

After this one month of practising, I got to the conclusion that the main problem is that I get many 3pips winners, and full stop losers, so I am constantly on BE.

The main problem is when I figure out the trade is not working then it is already -10 pips, however before I figure out it is a good trade it is closed by me with only 3-5 pips profit.

I know the edge of the rat, but some strange thing always happens - when I closed it fast for 2-3 pips ( take what you can rule ), it shoots at least 10-15 pips. When I decide to hold long, then it goes -10. I feel like market knows what I will do and laughs at me.

Is there anybody who can trade that consistently with good results?

Regards,

Coobin
Attachments
18.08.2011.PNG
18.08.2011.PNG (154.84 KiB) Viewed 1895 times

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5980
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1585
Gender: Male

Postby MightyOne » Thu Aug 18, 2011 11:48 pm

Tro has a few ebooks that may help you.

You should try placing a partial position & add to it if nothing bad happens right out the starting gate.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”