2009.09.10 DRAIN THE BANKS - LIKE A RAT

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paupau
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Postby paupau » Thu Nov 24, 2011 6:13 am

pawelklos wrote:
paupau wrote:
nickohorny wrote:earlier trades, this time to go with both H1 and W1 bias only



then the dreaded stopout! Grrr damn you SL! :x



Come on rat pick up that delicious cheese for once!


Hi Nick, what is that indicator name where it can show the H1 candle in the background?



Indicator name: Custom Candle


Thanks pawelklos

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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 28, 2011 1:42 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 » Mon Nov 28, 2011 8:19 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!



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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 30, 2011 12:05 am

Image

The gray dots on the candles are at 20 pips above the daily low and 20 pips below the daily high. Easy for a "rat" to see when price has retraced off the daily high/low by more than 20 pips.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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ElRolfo
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Postby ElRolfo » Wed Nov 30, 2011 7:07 am

TheRumpledOne wrote:Image

The gray dots on the candles are at 20 pips above the daily low and 20 pips below the daily high. Easy for a "rat" to see when price has retraced off the daily high/low by more than 20 pips.



When starts/ends Your day?

Have You already compared results when You let
the day start at personal different times?

(extreme examples: day start at London open or
when US news are on the way)

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paupau
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Postby paupau » Thu Dec 01, 2011 4:49 am

Image

Yesterday's trade.
Any comments would be appreciated

Weekly & H1 are green
Price within 20 pips of daily low

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TheRumpledOne
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Postby TheRumpledOne » Thu Dec 01, 2011 12:41 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!



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 » Fri Dec 02, 2011 12:54 pm

ElRolfo wrote:
TheRumpledOne wrote:Image

The gray dots on the candles are at 20 pips above the daily low and 20 pips below the daily high. Easy for a "rat" to see when price has retraced off the daily high/low by more than 20 pips.



When starts/ends Your day?

Have You already compared results when You let
the day start at personal different times?

(extreme examples: day start at London open or
when US news are on the way)



The broker's D1 candle... keep it simple!
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 » Fri Dec 02, 2011 1:07 pm

paupau wrote:Image

Yesterday's trade.
Any comments would be appreciated

Weekly & H1 are green
Price within 20 pips of daily low


Looks like you could have made 3 pips. Price was moving slow, so take the pips fast.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Dec 02, 2011 3:35 pm

Image

Homework for the weekend:

Q) What clue does the frequency distribution for the weekly candle wicks give you?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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