2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

Brookmyre
rank: 150+ posts
rank: 150+ posts
Posts: 196
Joined: Wed Sep 16, 2009 11:13 pm
Reputation: 4
Gender: Male

Postby Brookmyre » Thu Dec 08, 2011 4:17 am

When control changes, direction changes...

Because the open is the only plotted point that stays the same...if price is below the highest open, then the candle is red and at the moment price is going down...and vice versa...
Last edited by Brookmyre on Thu Dec 08, 2011 4:26 am, edited 1 time in total.
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
slingblade
rank: <50 posts
rank: <50 posts
Posts: 22
Joined: Thu Nov 17, 2011 8:19 pm
Reputation: 0
Gender: None specified

Postby slingblade » Thu Dec 08, 2011 4:25 am

TheRumpledOne wrote: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?


Price is going up.

Price is above the Open Low line, which is the reference.

Buyers are in control because price continues to move up.

Brookmyre
rank: 150+ posts
rank: 150+ posts
Posts: 196
Joined: Wed Sep 16, 2009 11:13 pm
Reputation: 4
Gender: Male

Postby Brookmyre » Thu Dec 08, 2011 4:27 am

lol, Slingblade...was editing my post when you posted :)
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

User avatar
slingblade
rank: <50 posts
rank: <50 posts
Posts: 22
Joined: Thu Nov 17, 2011 8:19 pm
Reputation: 0
Gender: None specified

Postby slingblade » Thu Dec 08, 2011 4:33 am

I hope I'm getting some oxygen here so that I can see.

Brookmyre, Ha, I saw that. Are we getting warmer? And more importantly, can we make more money with this new vision?

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12776
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1262
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Dec 08, 2011 1:19 pm

slingblade:

The open high is more recent than the open low.
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
slingblade
rank: <50 posts
rank: <50 posts
Posts: 22
Joined: Thu Nov 17, 2011 8:19 pm
Reputation: 0
Gender: None specified

Postby slingblade » Thu Dec 08, 2011 2:40 pm

I'm about to shut up and let the older kids talk.

Then we can expect the Sellers to be control from the most recent open HIGH and price will go down?

EDIT: Changed low to HIGH. Oops.
Last edited by slingblade on Thu Dec 08, 2011 3:33 pm, edited 1 time in total.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12776
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1262
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Dec 08, 2011 3:04 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.

nickohorny
rank: 50+ posts
rank: 50+ posts
Posts: 87
Joined: Tue Feb 15, 2011 2:51 pm
Reputation: 0
Location: Midlands
Gender: Male

Postby nickohorny » Thu Dec 08, 2011 5:28 pm

I keep looking.. surely it is as simple as:

(coming from a green rat perspective)
If the current low open is HIGHER than previous then we are good to go long... as this is showing me that price has since opened higher than the previous one so off we go..
If not then wait until the next one opens Higher.

Shall I pack my bags for Yale?

nickohorny
rank: 50+ posts
rank: 50+ posts
Posts: 87
Joined: Tue Feb 15, 2011 2:51 pm
Reputation: 0
Location: Midlands
Gender: Male

Postby nickohorny » Thu Dec 08, 2011 5:30 pm

Actually what I just said makes no sense, as the current low is calculated from last 'x amount of candles' so therefore ignore my last post lol..

I will keep looking! :shock:

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12776
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1262
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Dec 08, 2011 5:33 pm

Check out this thread for clues

http://kreslik.com/forums/viewtopic.php?t=2723

Funny how some folks come and go!!
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”