2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 10, 2011 3:18 pm

Image

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The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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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!

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Postby nickohorny » Thu Nov 10, 2011 4:15 pm

earlier today


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Postby nickohorny » Thu Nov 10, 2011 4:18 pm

and shortly after...


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Postby nickohorny » Thu Nov 10, 2011 4:21 pm

and after that:



After this price shot up - it's where Xwing took +30 on it...
seems I am restricting myself to gaining more pips by locking in profit at +1 once it hits +4. If I let it breathe more I could of took much more on these... hmmm what to do, what to do!

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TheRumpledOne
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Postby TheRumpledOne » Fri Nov 11, 2011 2:17 pm

Image

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

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!



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Postby Xwing76 » Fri Nov 11, 2011 5:39 pm

Price reacting at H1 Dragon Line again, I'm glad to see these in my ratzone when considering a trade as well as always trading with H1 colour. It won't always work, I took loss earlier, but for me personally its giving me confidence, I like to have other reasons to take a rat trade as well as TRO's rules.


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TheRumpledOne
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Postby TheRumpledOne » Fri Nov 11, 2011 8:20 pm

Image

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

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

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 » Mon Nov 14, 2011 2:28 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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SusieQT
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Postby SusieQT » Mon Nov 14, 2011 5:48 pm

Another profitable day here. :)
I tried joining your pal talk room. Seemed a little quiet in there and my little guy was keeping me on my toes, so left pretty quick. Will try again in the near future. :)

nickohorny
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Postby nickohorny » Mon Nov 14, 2011 6:10 pm

Trade 1:


Trade 2 & 3:


Trade 4:



Any feedback/advice? Unsure whether to keep trading as I did state If I lose 4/5% a day I would quit.. just kinda feel I am overtrading, maybe I should adjust my Profit Targets.. hmmm

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