## 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

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

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

MightyOne
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### Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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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MightyOne
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### Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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### Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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.

MightyOne
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### Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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 "forgot"...LOL!

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

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MightyOne
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### Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Trade lines, risk lines, make lines.

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MightyOne
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### Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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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MightyOne
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MightyOne
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### Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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