2009.09.10 DRAIN THE BANKS - LIKE A RAT

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gabman
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Postby gabman » Sun Aug 28, 2011 9:21 pm

TRO, I apologize if this info is located elsewhere..but I'd like to view your motherload but when I unzip they are not in TS ELD format ....can you direct me to where proper format mat be obtained?

Thanks,


Geoff

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TheRumpledOne
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Postby TheRumpledOne » Sun Aug 28, 2011 9:44 pm

gabman... those motherlodes are MT4 not ELD. I rarely code ELDs.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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gabman
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Postby gabman » Sun Aug 28, 2011 9:59 pm

Ok, thanks....I used to follow you a bit "back in the day" when you were on TS...I got out of the market for awhile and saw your work was alive and well so I thought I would catch up...but I'm still on TS.

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Postby Hawaiifive9 » Mon Aug 29, 2011 1:53 am

TygerKrane wrote:
bettlebox wrote:Image

>>> WHY HAS IT TAKEN ME SO LONG TO SEE THIS? <<<

It's a cycle:

http://kreslik.com/forums/viewtopic.php?p=55211#55211

That's why we constantly stay reading and re-reading the same threads over and over. For some reason, the same words and pictures, over time, give birth to new depth of understanding.

Keep on Keeping on mate



A very simple - yet profound (for me) commentary. Reading & re-reading is indeed one of the biggest "secrets" in plain sight, as it were. And for me, the concept parallels the instructive mantra TRO delivers over and over and over in his postings. Hmmm - ZEN & THE ART OF TRADING Mark-11_Smile

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bettlebox
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Postby bettlebox » Mon Aug 29, 2011 5:32 pm

Been working hard and think i got method to read charts based on that simple statement " If price isn't making new highs then its reversing"

luv these moments :)

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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pp2
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Postby pp2 » Mon Aug 29, 2011 5:59 pm

bettlebox wrote:Been working hard and think i got method to read charts based on that simple statement " If price isn't making new highs then its reversing"

luv these moments :)



mmm so with the sema indi to the charts you can pretty much pick up the reversals. I guess you can add sweetspot and scalp the heck of of it :)

Thanks for the ideas bettlebox

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Postby bettlebox » Mon Aug 29, 2011 6:43 pm

pp2 wrote:
bettlebox wrote:Been working hard and think i got method to read charts based on that simple statement " If price isn't making new highs then its reversing"

luv these moments :)



mmm so with the sema indi to the charts you can pretty much pick up the reversals. I guess you can add sweetspot and scalp the heck of of it :)

Thanks for the ideas bettlebox


That was 4 hr chart from Aud/Usd i used, im thinking set alert on 3ZZ indicator, sit back relax and wait for the alert. Then drop down into lower time frame and wait for your favourite reversal method.

But theres loads price action there on 4 hour chart too ie PinBars, MoMos. Take your pick.

I would say wait for yellow 3 too show and price to pull away and pull back and then start look for reversal but if price is moving back to Yellow 3 it might push it up some more, so just wait :). Entries there or it isnt :).

For example in the picture don't start trading it until swing high i labelled "2". Think thats highest probability entry point, for me that is.

Remember manage your trade you will be ok.

you could even rat trade into a trade for example green candle, followed by red candle go on break of low red. Spoilt for choice lol.

Glad you find it useful.

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

pp2
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Postby pp2 » Tue Aug 30, 2011 3:46 am

Thanks BB, some nice ideas. Very simple when you can see it :)

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Postby TheRumpledOne » Wed Aug 31, 2011 1:21 pm

Image

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE (italics added)

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

"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden

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

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

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

WHY ISN'T EVERYBODY DOING IT?

Most of you know I catch a lot of flak on my forums because SOME PEOPLE don't like the way I post.

One worn out argument that is used repeatedly is, "If this is so (simple, great, profitable, ), then why isn't everybody doing it?"

Simple answer is because SOYLENT GREEN is people!

We all know exercise is great, but how many actually exercise?

We all know smoking is bad, but how many do it anyway?

We all know which foods are bad for our health, but how many eat those foods?

We all know that we should save for our future and spend less than we earn but who does that?

The list is almost endless.

As long as there are people, there will always be some STUPID people and some smart people making STUPID decisions, where STUPID is defined as knowing better but acting otherwise.

Meanwhile, the RATS are still beating the Yale students.

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

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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TheRumpledOne
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Postby TheRumpledOne » Wed Aug 31, 2011 1:55 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!



Please do NOT PM me with trading or coding questions, post them in a thread.

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