2009.09.10 DRAIN THE BANKS - LIKE A RAT

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nickohorny
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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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TheRumpledOne
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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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nickohorny
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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

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

You are thinking too much!

Do you want to go to Yale?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Oct 28, 2011 12:43 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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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 28, 2011 2:38 pm

Image

More cheese for green rats.
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Postby SusieQT » Fri Oct 28, 2011 10:54 pm

I signed up here just to say THANK YOU TRO!!!
I have listened to an interview of yours and been reading. My first attempts were futile, but this week I finally saw and understood at how simple and easy this is!

Kudos to you for putting up with such nay sayers online, and keep up the great work!!


:P

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Postby TheRumpledOne » Mon Oct 31, 2011 5:09 am

Welcome aboard, SusieQT!

Please explain what you SEE in your own words so others may benefit.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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nickohorny
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Postby nickohorny » Mon Oct 31, 2011 10:31 am

TheRumpledOne wrote:You are thinking too much!

Do you want to go to Yale?


Ha! No I do not :)

I am just looking for ways to make sure I CAN take some trades daily and practice... Don't get me wrong - I do not want to be impatient and force any trades, and I am trying to only focus on a couple of pairs as am new to this. But am struggling to get any trades align with rule of thumb (with the H1 and above W1)

Can be difficult for them to setup. Basically if the H1 is red and I am a green rat (H1 will usually be red if approaching the LOW of day) then we are in need of the time to be approaching a new hour so as it will hopefully turn green whilst still within 20 pip zone... so suppose what I am saying is - if we are in 20 pip of low and it's say 2.30pm, then we won't get a chance to GO WITH the H1 (usually)

So just looking for alternative ways to make 10-20pip a day..

Is this a good application for Yale? lol

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