2009.09.10 DRAIN THE BANKS - LIKE A RAT

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fred.fgb
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby fred.fgb » Tue Nov 10, 2015 3:04 pm

TheRumpledOne wrote:
eurusdm5.png


hi dear TRO. I'm just trying to figure out how your system works, i'm new here in this forum....do you sugest some reading links for start using this system ?

thanks in advance.

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby handy148 » Tue Nov 10, 2015 10:18 pm

The previous 380 pages would be good lol.

fred.fgb
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby fred.fgb » Tue Nov 10, 2015 11:16 pm

handy148 wrote:The previous 380 pages would be good lol.


LOL. Ok, fairly enough. But there is any kind of shortcut path ? :roll:

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MightyOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Wed Nov 11, 2015 1:25 am

fred.fgb wrote:
handy148 wrote:The previous 380 pages would be good lol.


LOL. Ok, fairly enough. But there is any kind of shortcut path ? :roll:


Yes, read the first post 380 times. ^^

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Wed Nov 11, 2015 5:06 pm

Shortcut path?

Of course, follow the rules.

Success leaves clues.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

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

Although there are other 'regular' phenomena that can be observed on all time frames, I am using two of them in my personal approach - so I will incorporate their discussion in the thread - or better leave you with possible ideas behind constructing an edge for yourself.

If you find a specific repeating pattern in the market, you can assume that it will happen with higher frequency in lower time frames. Although you would gain more opportunities by looking at the lower time frame, each opportunity yields a smaller return on average compared to looking at the same pattern, one or more time frames up in the scale. That is a point worth considering in terms of your possible style of trading.

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

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

Choose You Advice Carefully

"Since your mind is your most valuable asset and your most valuable lever, you need to be careful what you put in it. Sometimes it is even more difficult to get rid of thoughts and ideas that are already in your mind than it is to learn something new" - Pg 119 WHY WE WANT YOU TO BE RICH


F - Follow
O - One
C - Course
U - Until
S - Successful

- Pg 110 WHY WE WANT YOU TO BE RICH

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

"You can think of this like some branches caught up and obstructing a stream. The same volume of water moving faster might not be enough to dislodge the branches, but if you steadily increase the volume of the water as well, it will eventually sweep away the obstructions."


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

5000$ account * 2% = RISK = $100

25$ = POSITION SIZE

RISK = STOP LOSS * POSITION SIZE

RISK / POSITION SIZE = STOP LOSS

100$ / 25$ = STOP LOSS = 4

10$ = POSITION SIZE

100$ / 10$ = STOP LOSS = 10

A lower position size gives the trade more room and time to mature. You must control your pips.

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

Be not concerned with the past or the future. Be in the moment. The moment is all that there is. You flow with the pips or they flow against 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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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby fred.fgb » Thu Nov 12, 2015 1:28 pm

TheRumpledOne wrote:Shortcut path?

Of course, follow the rules.

Success leaves clues.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

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

Although there are other 'regular' phenomena that can be observed on all time frames, I am using two of them in my personal approach - so I will incorporate their discussion in the thread - or better leave you with possible ideas behind constructing an edge for yourself.

If you find a specific repeating pattern in the market, you can assume that it will happen with higher frequency in lower time frames. Although you would gain more opportunities by looking at the lower time frame, each opportunity yields a smaller return on average compared to looking at the same pattern, one or more time frames up in the scale. That is a point worth considering in terms of your possible style of trading.

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

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

Choose You Advice Carefully

"Since your mind is your most valuable asset and your most valuable lever, you need to be careful what you put in it. Sometimes it is even more difficult to get rid of thoughts and ideas that are already in your mind than it is to learn something new" - Pg 119 WHY WE WANT YOU TO BE RICH


F - Follow
O - One
C - Course
U - Until
S - Successful

- Pg 110 WHY WE WANT YOU TO BE RICH

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

"You can think of this like some branches caught up and obstructing a stream. The same volume of water moving faster might not be enough to dislodge the branches, but if you steadily increase the volume of the water as well, it will eventually sweep away the obstructions."


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

5000$ account * 2% = RISK = $100

25$ = POSITION SIZE

RISK = STOP LOSS * POSITION SIZE

RISK / POSITION SIZE = STOP LOSS

100$ / 25$ = STOP LOSS = 4

10$ = POSITION SIZE

100$ / 10$ = STOP LOSS = 10

A lower position size gives the trade more room and time to mature. You must control your pips.

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

Be not concerned with the past or the future. Be in the moment. The moment is all that there is. You flow with the pips or they flow against you.

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

Hi Mr Avery,
I'm reading all of your posts and videos of your channel, you are a very good trader!!
I've just PM you to get my 2015 donational indicators, looking forward to get my copy.

Thanks again for your attention.

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Fri Nov 13, 2015 3:43 pm

eurusdm5.png
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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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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Nov 16, 2015 2:48 pm

eurusdm5.png
eurusdm5.png (53.13 KiB) Viewed 448 times
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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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Tue Nov 17, 2015 2:44 pm

eurusdm5.png
eurusdm5.png (58.42 KiB) Viewed 418 times
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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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Wed Nov 18, 2015 3:54 pm

eurusdm5.png
eurusdm5.png (53.1 KiB) Viewed 388 times
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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Thank you for your support.


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