2009.09.10 DRAIN THE BANKS - LIKE A RAT

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unreconciled
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Postby unreconciled » Mon Dec 05, 2011 11:49 pm

From what I see, two lines (of one kind) make a zone that looks like a nice s/r.
Price crossing both of them gives a profit opportunity.

Boosted version of dynamic s/r? :)

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TheRumpledOne
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Postby TheRumpledOne » Mon Dec 05, 2011 11:56 pm

unreconciled... you are getting warmer!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby slingblade » Tue Dec 06, 2011 1:41 am

I've noticed from the pics you've posted from your trades here that often the strongest moves out of the rat zone happen with the second rat reversal( on the M5 trades anyway), after a retest of the low.

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TheRumpledOne
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Postby TheRumpledOne » Tue Dec 06, 2011 2:20 am

HINT: Look for something that is ALWAYS true, no matter what time frame.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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slingblade
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Postby slingblade » Tue Dec 06, 2011 2:42 am

I'm glad you haven't given up on us yet.

Answer: price makes new highs/lows and then moves away from them.

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TheRumpledOne
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Postby TheRumpledOne » Tue Dec 06, 2011 5:05 am

You're getting colder, slingblade.... This has nothing to do with highs/lows.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby theieguy » Tue Dec 06, 2011 10:56 am

TheRumpledOne wrote:HINT: Look for something that is ALWAYS true, no matter what time frame.

Price!!

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Postby unreconciled » Tue Dec 06, 2011 11:18 am

You know that third level semafor warns you to look out for reversals.

HOLO indicator helps us see when the previous s/r (previous highest/lowest open price) got reversed on.
It creates a new s/r zone, which should increse our chances, when got in a trade above/below, to get out with profit before semafor 'repaints'.

BTW, this is the only way to trade it and possibly expect to be profitable I am able to think of by now...

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Postby Brookmyre » Tue Dec 06, 2011 12:00 pm

Between the two candles there is a swing in the same direction as the two candles. When the extreme of this swing is closed over, price usually continues....?
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TheRumpledOne
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Postby TheRumpledOne » Tue Dec 06, 2011 1:25 pm

Brookmyre: You are almost there. Now, what do you SEE? Do not postulate a theory. Look at your chart and tell me what you see!

unreconciled: Can you describe what DEFINES the reversal? That will solve the puzzle!!

HINT: Keep it simple - all you need to trade is a HORIZONTAL LINE!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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