2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 26, 2011 2:41 pm

nickohorny wrote:erm no.. 2%

Hang on how have I calculated that wrong,

2% of 3000 = 60, so $60 risk per trade right?
60/10 =6

what hope do I have I can't even work out the simple maths involved!!!! :shock:


I was testing you...LOL!

As a trader, you must learn to rely on yourself for the answer.

See, you didn't need me... LOL!
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Postby nickohorny » Wed Oct 26, 2011 3:07 pm

TheRumpledOne wrote:
nickohorny wrote:erm no.. 2%

Hang on how have I calculated that wrong,

2% of 3000 = 60, so $60 risk per trade right?
60/10 =6

what hope do I have I can't even work out the simple maths involved!!!! :shock:


I was testing you...LOL!

As a trader, you must learn to rely on yourself for the answer.

See, you didn't need me... LOL!


Well thank god for that, I thought I was going mad haha!
I've done ok today actually, just entered long on GBPUSD @ 1.59148 and made a short few pips :D

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 26, 2011 8:23 pm

This works on the statistics that show the daily wicks are usually larger than 20 pips.
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Postby TheRumpledOne » Thu Oct 27, 2011 12:12 pm

Image

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

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

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

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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Postby TheRumpledOne » Thu Oct 27, 2011 2:35 pm

Image

More cheese for the green rat.
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Postby nickohorny » Thu Oct 27, 2011 2:47 pm

Hi

With the TRO2010_MP_DW is it poss to also show the H1 column bias? if not is there some other indicator showing all 3 - D1/W1/H1?

In the pic posted - I am thinking of focusing on these 4 pairs, and putting that under let's me know that even though I may be in the 20 pip low zone, if not above H1 and W1 then I won't open the chart.

Thanks


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Postby TheRumpledOne » Thu Oct 27, 2011 4:07 pm

You can use the TRO_MultiMeter_CandleColor to show candle colors on all of the timeframes.

I may have written a dashboard years ago, like the TRO_COMPASS that you could use.
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Postby nickohorny » Thu Oct 27, 2011 5:03 pm

TheRumpledOne wrote:You can use the TRO_MultiMeter_CandleColor to show candle colors on all of the timeframes.

I may have written a dashboard years ago, like the TRO_COMPASS that you could use.


Yeah I use The multimeter one is which is good but it will only display multiple timeframes and candle colour on just the pair you are currently on. I will look into the compass one.

Thanks

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Postby nickohorny » Thu Oct 27, 2011 5:09 pm

Hi guys

I was just doing some chart observation recently and noticed that the RAT_PLOT method works a hell of a lot.. Take the posted chart, red bar close - green bar close - note high price of green - go long.

Not being greedy it seems you can hit 1 or 2 pips often anywhere on the chart. Obviously if filtering with the H1 and D1 bias then results would be better.. but if i wanted 10 pips per day, is this achievable do you think? literally sweeping for 1 pip ten times then shut down for the day?

What do you think? am I being completely naive thinking it's achievable or is trying to aim for such small pips like this often doomed to fail in the long run due to the risk/reward involved?

I was thinking use the same approach as we do for the rat reversal in the 20 pip zone, keep 10 pip stop, soon as price goes to +1 adjust to BE, then wait for a profit target of +2 pips. 5 of them a day would be nice?.

Thanks for the help.


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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 28, 2011 5:24 am

You are thinking too much!

Do you want to go to Yale?
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