2009.09.10 DRAIN THE BANKS - LIKE A RAT

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MightyOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Sun Nov 19, 2017 10:03 pm

I think that we should merge the idea of the open cross and have a HATR Rat-zone on either side of the open that is then pushed apart by an expanding range:

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Nov 20, 2017 12:08 am

MightyOne, please explain the HATR?

Remember, the BuyZone was created using statistics so it has been "proven".
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Mon Nov 20, 2017 1:26 am

TheRumpledOne wrote:MightyOne, please explain the HATR?

Remember, the BuyZone was created using statistics so it has been "proven".


1. This is a Rat-zone.
2. I illustrated why I feel that 20 pips does not work for all charts (just look at the pictures)

HATR (Hourly Average True Range) = iATR(NULL,60,32,0) * (MathPow(10,digits-1) to move the decimal to the right.

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Mon Nov 20, 2017 1:52 am

It's your money :)

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Nov 20, 2017 2:02 am

MO:

I think you forgot something...

The 20 pip is the LAST CALL!! So long as you enter within 20 pips of the daily high/low, you should be able to exit with a profit based on statistics.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Mon Nov 20, 2017 4:34 am

TheRumpledOne wrote:MO:
I think you forgot something...
The 20 pip is the LAST CALL!! So long as you enter within 20 pips of the daily high/low, you should be able to exit with a profit based on statistics.


I was there to cut the cord when the Rat-zone was born :lol: "forgot"...LOL!

We both know that 'last call' means that the police are probably out there waiting for you to start your car :wink:

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Mon Nov 20, 2017 8:33 am

Trade lines, risk lines, make lines.

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Mon Nov 20, 2017 5:34 pm

Code: Select all

 Let's talk about getting out and "missing out".

 You take profit at +5 which makes your next trade worth (13/8)x or +62.5% size, price rises another 4 lines and you had all day to take 3.5; how much money was "missed out on?" The Answer is (1/1.625)3.5 or 2.153 lines.

 Had price declined by 2 lines then your position size would be 60% of what it could have been & if you then absorb even 2 lines then you have made 52% less profit.

 You can think of a line as if it were a pip, but for those who still confused by lines I will ask it this way: If your target is 2+ pips and you are at +5 or 6 do you hold out for 15?
 If your 'pip bank' is 20 pips and you make 5 then your position size rises by 25%: you only utilize 20 on each trade so where should that 5 pips go?

 Size doesn't just 'matter', size is everything when it comes to profit.

 -16/20 is not a 'loss', if you lose all but 4 pips then you risk those 4 pips:
 1. turn 4 pips into 10: (4/10)1.25
 2. look at your current pips and size: 10 pips at 50% size
 3. if you need 14 pips to trade a pair then reduce it further to (10/14)50% or 14 pips at 35.714% size
 4. you make 6 pips, 20 is the total, you reduce it to 10 pips at 71.428% size
 5. repeat.
 You will either lose your last 4 pips or make all of your money back and reach your profit target.

 If your size cannot be reduced to the point where you have enough pips to place a trade then that is just one more reason why size is everything.


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Postby MightyOne » Tue Nov 21, 2017 3:33 pm

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Tue Nov 21, 2017 4:04 pm

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