2009.09.10 DRAIN THE BANKS - LIKE A RAT

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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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unreconciled
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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

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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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TheRumpledOne
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Postby TheRumpledOne » Tue Dec 06, 2011 2:53 pm

unreconciled wrote: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?


There is no "zone". There are only HORIZONTAL LINES (to help you see).
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Tue Dec 06, 2011 2:55 pm

unreconciled wrote:CONTROL can be determined by price above or below opening price.


EXACTLY!

What else can be determined?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby unreconciled » Tue Dec 06, 2011 3:01 pm

When the CONTROL changes.

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Postby nickohorny » Tue Dec 06, 2011 4:53 pm

Man my feeble brain has been trying to understand what is going on, from looking at the charts and the horizontal lines of the LL/prev LL and HH/prec HH etc I can just purely see the attached...





Hmmm :shock: :shock: :shock:

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Postby TheRumpledOne » Tue Dec 06, 2011 8:42 pm

unreconciled wrote:When the CONTROL changes.


And what else changes?
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 8:45 pm

nickohorny wrote:Man my feeble brain has been trying to understand what is going on, from looking at the charts and the horizontal lines of the LL/prev LL and HH/prec HH etc I can just purely see the attached...





Hmmm :shock: :shock: :shock:


Nice annotation but you left something out... what is the chart telling you?

Or another way...

What does price crossing below the highest open imply?

What does price crossing above the lowest open imply?


HINT: The open price does not change!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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