2009.09.10 DRAIN THE BANKS - LIKE A RAT

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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!

Please do NOT PM me with trading or coding questions, post them in a thread.

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theieguy
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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!!

unreconciled
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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...

Brookmyre
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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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TheRumpledOne
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Postby TheRumpledOne » Tue Dec 06, 2011 1:27 pm

Image

Is price going up or down?

What is your reference for the decision?

HINT: Who is in CONTROL, buyers or sellers? How do you determine who is in control?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby unreconciled » Tue Dec 06, 2011 1:51 pm

Hah! I wanted to say 'candle closing...', and then I realised that I contradict what I know.
This is not about candles...

So here goes the new one:

EVERYTIME PRICE LEAVES THE ZONE, THERE IS A PROFIT POTENTIAL.


Question: What is the maximal lenght of the history second (trigger) line can be based on?

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TheRumpledOne
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Postby TheRumpledOne » Tue Dec 06, 2011 2:16 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 unreconciled » Tue Dec 06, 2011 2:33 pm

CONTROL can be determined by price above or below opening price.

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