2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Sun Dec 11, 2011 2:35 pm

Kepo, most of those indicators are DONATIONAL.

The others can be found in the motherlodes. YOu can download those for FREE!!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Sun Dec 11, 2011 2:51 pm

Image


We know...

Candles are green when PRICE IS ABOVE the OPEN.

Candles are red when PRICE IS BELOW the OPEN.

The OPEN PRICE is the ONLY PRICE that CAN NOT CHANGE during a bar!!

If price is ABOVE THE OPEN then price is UP.

If price is BELOW THE OPEN then price is DOWN.

Therefore, if you look at the LOWEST OPEN PRICE and HIGHEST OPEN PRICE over the last X candles, you can determine which way price is moving.

To use this profitably, the long entry should be at/near the lowest open price and the short entry should be at/near the highest open price over the last X bars.

The reason for this is because ALL REVERSALS must cross the lowest/highest open prices.

DO YOU SEE IT NOW?

I told you it was 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.

BrandX
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Zoom zoom!

Postby BrandX » Sun Dec 11, 2011 5:13 pm

kepo38 wrote:hi,
i cant find anyone of your indicators on google or site
please help me

Image


Wow kepo38! Search "donational" without quotes. May be they are in that section.

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bettlebox
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Postby bettlebox » Sun Dec 11, 2011 6:18 pm

I luv this TRO its soo simple.

Thanks TRO :)

TheRumpledOne wrote:Image


We know...

Candles are green when PRICE IS ABOVE the OPEN.

Candles are red when PRICE IS BELOW the OPEN.

The OPEN PRICE is the ONLY PRICE that CAN NOT CHANGE during a bar!!

If price is ABOVE THE OPEN then price is UP.

If price is BELOW THE OPEN then price is DOWN.

Therefore, if you look at the LOWEST OPEN PRICE and HIGHEST OPEN PRICE over the last X candles, you can determine which way price is moving.

To use this profitably, the long entry should be at/near the lowest open price and the short entry should be at/near the highest open price over the last X bars.

The reason for this is because ALL REVERSALS must cross the lowest/highest open prices.

DO YOU SEE IT NOW?

I told you it was SIMPLE!!
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

kepo38
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Postby kepo38 » Sun Dec 11, 2011 7:47 pm

TheRumpledOne wrote:Kepo, most of those indicators are DONATIONAL.

The others can be found in the motherlodes. YOu can download those for FREE!!!


thanks for reply

but i cant find those, i am new in forums

can you give links of those?
i can do a donation, not important
Last edited by kepo38 on Sun Dec 11, 2011 9:59 pm, edited 1 time in total.

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kepo38
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Postby kepo38 » Sun Dec 11, 2011 7:52 pm

TheRumpledOne wrote:Image


We know...

Candles are green when PRICE IS ABOVE the OPEN.

Candles are red when PRICE IS BELOW the OPEN.

The OPEN PRICE is the ONLY PRICE that CAN NOT CHANGE during a bar!!

If price is ABOVE THE OPEN then price is UP.

If price is BELOW THE OPEN then price is DOWN.

Therefore, if you look at the LOWEST OPEN PRICE and HIGHEST OPEN PRICE over the last X candles, you can determine which way price is moving.

To use this profitably, the long entry should be at/near the lowest open price and the short entry should be at/near the highest open price over the last X bars.

The reason for this is because ALL REVERSALS must cross the lowest/highest open prices.

DO YOU SEE IT NOW?

I told you it was SIMPLE!!


i want to learn forex.it is now 0.9263
If price is ABOVE THE OPEN then price is UP.
is is OK?

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TheRumpledOne
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Postby TheRumpledOne » Mon Dec 12, 2011 1:01 pm

Image

The lesson begins again...

"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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bettlebox
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Postby bettlebox » Mon Dec 12, 2011 8:08 pm

Im looking forward to Tro_HoLo indicator :)

great work TRO

BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

kepo38
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Postby kepo38 » Mon Dec 12, 2011 8:50 pm

[quote="TheRumpledOne"]Image

========================= ====================

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

========================= ===================

i cant find this indicator on forum :?

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bettlebox
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Postby bettlebox » Mon Dec 12, 2011 9:09 pm

Hi Kepo38

That indicator is a Donational One.

General rule thumb i go by is "if its has multiple indexes showing" its more than likely a donation one.

BB

kepo38 wrote:
TheRumpledOne wrote:Image

========================= ====================

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

========================= ===================

i cant find this indicator on forum :?
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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


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