2009.09.10 DRAIN THE BANKS - LIKE A RAT

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cr0cop
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Postby cr0cop » Wed Sep 16, 2009 7:39 pm

TheRumpledOne wrote:
cr0cop wrote:Quick question TRO, is this what determines our exit? the gas level?





It give you an idea of when to start taking profit.


thanks tro but i mean is that the percentage that gives us the idea of when to start taking profit? and the closer it gets to 100% the sooner that we should start taking profit?

thanks

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flinux
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Postby flinux » Wed Sep 16, 2009 8:02 pm

Ciao forexbob,
this is a my own indicator.
The first number indicate the distance from the high or low.
The second number indicate the distance from the trigger.
The third number indicate my broker spread on the pair.

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forexbob
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Postby forexbob » Wed Sep 16, 2009 8:54 pm

thanx flinux,
looks like quite large spreads

have seen that you have an own thread here on kreslik (lots of info here on kreslik)
where you shared several indi's . :-) another thread read..
not downloaded, doing ok with what i have (3clipz method), but would say
thanks for sharing.
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TheRumpledOne
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Postby TheRumpledOne » Wed Sep 16, 2009 10:03 pm

cr0cop wrote:
TheRumpledOne wrote:
cr0cop wrote:Quick question TRO, is this what determines our exit? the gas level?





It give you an idea of when to start taking profit.


thanks tro but i mean is that the percentage that gives us the idea of when to start taking profit? and the closer it gets to 100% the sooner that we should start taking profit?

thanks


IT DEPENDS...

If price is crawling along then YES, take the profit.

If price blows pass the 100% mark, then ride the rocket.
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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cr0cop
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Postby cr0cop » Thu Sep 17, 2009 1:53 pm

thanks TRO, im still working on getting a feel for the exit............will you be documenting tips for the exit? it seems that several people are still trying to refine their exit

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prochargedmopar
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Postby prochargedmopar » Fri Sep 18, 2009 12:37 am

A guy that made 100mil in the markets said the only part of his game that he had not mastered were his EXITS,

We will be busy with that one for a while.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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cr0cop
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Postby cr0cop » Fri Sep 18, 2009 5:09 am

prochargedmopar wrote:A guy that made 100mil in the markets said the only part of his game that he had not mastered were his EXITS,

We will be busy with that one for a while.


interesting procharged.............. hey would you guys agree with this quote ''its not the system that makes money, it is you''

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Postby cr0cop » Fri Sep 18, 2009 6:28 am

http://fora.tv/2008/02/04/Nassim_Nichol ... ullprogram

TRO, around how many times within the 1 hour should we play the rat in one pair if we keep getting stopped out? would you say 3 stopped outs within 1 hour be enough to quit for at least that 1 hour

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noone22
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Postby noone22 » Fri Sep 18, 2009 9:16 am

flinux wrote:this is a my own indicator.
The first number indicate the distance from the high or low.
The second number indicate the distance from the trigger.
The third number indicate my broker spread on the pair


Would you mind posting at least ex4?

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Postby noone22 » Fri Sep 18, 2009 9:28 am

TheRumpledOne wrote:If PRICE makes a new DAILY LOW:
I know from statistics that if I go long within 20 pips of the low,
that there's another 20+ pips profit.
I know from statistics, that if the previous candle is green
and I go long at the previous candle's high,
then I should win 2 out of 3 times


Interesting!

As far as I've understood from this rat story -
rat would trade sucessfully immedeately
(from the begining of her trading,
no waiting is required for rat to gather some statistical data).

Without knowing about statistics and
without having statistical results in her disposal.

So, it's something more, rather than statistics -
call it "six sence", which would make a rat successful trader?!

Idea seems to be so too simple,
that it's becoming too complicated
at the end of the day.

In one of his previous posts TRO indicated -
that one doesn't even need a rat (to simulate rat trading).
To tell the truth, I don't quit understand this point.

Rat was taken as good trader -
because she has in-built ability to make decision
(based on results of previous events),
which event would happen next
- candle will go green or candle will go red.
(this is more or less clear).

What is not clear - what exactly we need to do
(in mq4 indicator) to substitute this in-built rat ability?
(because neither people, nor computer haven't this
ability, unfortunately).

Waiting for Rat indicator code to shed a light on my "rat" confusions.

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