2009.09.10 DRAIN THE BANKS - LIKE A RAT

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kepo38
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Postby kepo38 » Wed Dec 14, 2011 4:59 pm

Image

is it opportunity ?

usdjpy buy
audjpy sell

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nickohorny
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Postby nickohorny » Wed Dec 14, 2011 7:12 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!!


Hey Tro!

Thanks for the explanation, but as simple as it is - Yale old me still gets confused on the simplest things lol

Are u simply saying once price reaches the HO or Previous HO to go SHORT
and once prices reaches around the LO or previous LO to go LONG?


BrandX
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Postby BrandX » Thu Dec 15, 2011 1:42 am

TheRumpledOne wrote:Check out this thread for clues

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

Funny how some folks come and go!!


Interesting read. His stated success stats trading forex for only two years might cause one to ponder a variety of subjects.

Pro Trader
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Postby Pro Trader » Thu Dec 15, 2011 7:00 am

kepo38 wrote:Image

is it opportunity ?

usdjpy buy
audjpy sell


Hey Kepo38 after your post I had a quick look at UJ. Seems like opportunity was definately there.

I've not looked at the RSG indicator with DTB before. Could be interesting though.

D1

Image

H4

Image

5m

Image

5m later

Image

Potential with a few different entry types too.

TRO, what is the RSG indicator based on, what criteria needs to be met to tick the boxes red/green?


Thanks

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TheRumpledOne
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Postby TheRumpledOne » Thu Dec 15, 2011 3:01 pm

Image

<-------------------------------------------------------------------->
The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.
<-------------------------------------------------------------------->
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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TheRumpledOne
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Postby TheRumpledOne » Thu Dec 15, 2011 3:23 pm

Q) TRO, what is the RSG indicator based on, what criteria needs to be met to tick the boxes red/green?


A) 1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes "R"

3) green candle closes - note the high price of the green candle. "S"

4) enter long at the green candle's high price "G"
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Apu N.
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Postby Apu N. » Thu Dec 15, 2011 4:26 pm

TheRumpledOne wrote:
bettlebox wrote:Im looking forward to Tro_HoLo indicator :)

great work TRO

BB



You can use TRO_HL5 and turn on the open lines and turn off the rest.

You can use TRO_PLOT to plot the opens, too.


Hey TRO,

Is the TRO_HOLO a donational indicater?

If it isn't, when will it be available?

Thanx

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Postby Pro Trader » Thu Dec 15, 2011 4:46 pm

TheRumpledOne wrote:Q) TRO, what is the RSG indicator based on, what criteria needs to be met to tick the boxes red/green?


A) 1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes "R"

3) green candle closes - note the high price of the green candle. "S"

4) enter long at the green candle's high price "G"


Thanks TRO

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Postby Pro Trader » Thu Dec 15, 2011 5:14 pm

Image

Image

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bettlebox
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Postby bettlebox » Thu Dec 15, 2011 6:04 pm

Thanks TRO

TheRumpledOne wrote:
bettlebox wrote:Im looking forward to Tro_HoLo indicator :)

great work TRO

BB



You can use TRO_HL5 and turn on the open lines and turn off the rest.

You can use TRO_PLOT to plot the opens, too.
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