2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

oldmangeezer
rank: 50+ posts
rank: 50+ posts
Posts: 73
Joined: Sun May 03, 2009 4:30 pm
Reputation: 0
Gender: None specified

Postby oldmangeezer » Thu Oct 15, 2009 6:53 pm

TheRumpledOne wrote:OLDMANGEEZER... it looks like you have figured it out.

Good job!!


When your my age and have ADD, HDDD, HDTV, DVD? You need all the help you can get. LOL

Thanks for the explanation. Maybe having all the notes on the charts will help others trying to figure Got Cheese out!!

Thanks again!!

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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Oct 15, 2009 7:08 pm

Image

Not every trade will net you a big score....

DON'T BE GREEDY!!
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Oct 15, 2009 10:25 pm

Image

Animals in Translation: Using the Mysteries of Autism to Decode Animal Behavior
by Temple Grandin and Catherine Johnson
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Oct 15, 2009 10:37 pm

oldmangeezer wrote:
TheRumpledOne wrote:OLDMANGEEZER... it looks like you have figured it out.

Good job!!


When your my age and have ADD, HDDD, HDTV, DVD? You need all the help you can get. LOL

Thanks for the explanation. Maybe having all the notes on the charts will help others trying to figure Got Cheese out!!

Thanks again!!


THERE IS NOTHING TO FIGURE OUT!!

The rules are simple.

All you have to do is FOLLOW THE RULES.

DO NOT THINK... EXECUTE!!

RED CANDLE, FOLLOWED BY GREEN CANDLE AND BOTH CANDLES ARE CLOSED.

If price touches the high of the green candle, you enter long.

Your stop loss is 10 pips.

Take profit if/when you can.

THERE IS NOTHING TO FIGURE OUT!

You wait for a red candle to close.

Then you wait for the next candle to close.

If that candle is green then you'll enter long if price gets back to the green candle's high.

THAT'S IT. THAT IS ALL THAT THERE IS TO ENTER THE TRADE.

YOU DON'T NEED INDICATORS.

IF YOU THINK THEN THE RAT WILL BEAT 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.

oldmangeezer
rank: 50+ posts
rank: 50+ posts
Posts: 73
Joined: Sun May 03, 2009 4:30 pm
Reputation: 0
Gender: None specified

Rats vs Humans

Postby oldmangeezer » Thu Oct 15, 2009 10:46 pm

Sunday, September 27, 2009

Rats Can Be Smarter Than Humans



"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."

Pg 64 - HOW WE DECIDE


"Think about the stock market, which is a classic example of a "random walk," since the past movement of any particular stock cannot be used to predict its future movement. The inherent randomness of the market was first proposed by the economist Eugene Fama, in the early 1960's. Fama looked at decades of stock market data in order to prove that no amount of knowledge or rational analysis could help you figure out what would happen next. All of the esoteric tools used by investors to make sense of the market were pure nonsense. Wall Street was like a slot machine."

Pg 67 - HOW WE DECIDE


TRADING IS SIMPLE:

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.



Substitute Stock Market with Forex.

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

oldmangeezer
rank: 50+ posts
rank: 50+ posts
Posts: 73
Joined: Sun May 03, 2009 4:30 pm
Reputation: 0
Gender: None specified

Postby oldmangeezer » Thu Oct 15, 2009 10:47 pm

TRO I'm deleting all you indicators. LOL

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Oct 15, 2009 11:47 pm

When highly verbal people get control of the audit process, they tend to make five critical mistakes:

* They write verbal auditing standards that are too subjective and vague, with requirements like "minimal use of electric prod" and "non-slip flooring." Individual inspectors have to figure out for themselves what ?minimal use? means. A good audit checklist has objective standards that anyone can see have or have not been met.

* For some reason, highly verbal people have a tendency to measure inputs, such as maintenance schedules, employee training records, and equipment design problems, instead of outputs, which is how the animals are actually doing. A good animal welfare audit has to measure the animals, not the plant.

* Highly verbal people almost always want to make the audit way too complicated. A 100-item checklist doesn't work nearly as well as a 10-item checklist, and I can prove it.

* Verbal people drift into paper audits, in which they audit a plant's records instead of its animals. A good animal welfare audit has to audit the animals, not the paper and not the plant.

* Verbal people tend to lose sight of what's important and end up treating small problems the same way they treat big problems.

Page 268 - 269 Animals in Translation

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

Does this sound like some of the trading methods and systems out there?
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Oct 16, 2009 12:12 am

Image

THE DRAINING CONTINUES...
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.

User avatar
forrestang
rank: <50 posts
rank: <50 posts
Posts: 14
Joined: Thu May 21, 2009 5:27 pm
Reputation: 0
Location: Chicago
Gender: Male
Contact:

I know the problem

Postby forrestang » Fri Oct 16, 2009 12:47 am

The problem I don't think is following the system and always turning left?

I think the problem is the last step of the process:
"Take profit if/when you can."

This is a bit ambiguous. Wouldn't a rat have this problem too? Seems like a rat would jump on the first piece of cheese, like 1 pip :D

Following the system would be simple if the only part of the exercise was picking the entry(turning left).

Here are the options:
-Do you set a fixed number?
-Do you set a target to a prior/recent support level where price stopped paused on the way down?
-Trail below bar lows or swing points in attempt to catch that decent runner?
-Scale out at multiple predetermined points of one's choosing?

Other opinions?

User avatar
Patch
rank: 500+ posts
rank: 500+ posts
Posts: 941
Joined: Sat Jan 06, 2007 6:13 pm
Reputation: 0
Location: Virginia
Real name: Jeff
Gender: Male
Contact:

Postby Patch » Fri Oct 16, 2009 2:21 am

forrestang

What do you think of taking 3 or 5 or 9 or 10 pips profit. I'd rather take 3 pips on 100 contracts, than 100 pips on one contract. Less time in the post 9/11 market.

Patch
Counting Pips
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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


Return to “TheRumpledOne”