2009.09.10 DRAIN THE BANKS - LIKE A RAT

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snscott
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Postby snscott » Sat Oct 24, 2009 8:06 pm

celtics2 wrote:So what is considered a daily goal? If I'm trading trading 20k's?? I know what I'm making but what is a decent goal?


TWO PERCENT of your starting account balance for that day. So, in your case, if you start the day with $20,000, you should stop trading whenever you've made $400 of profit.

The idea behind this "rule" is to force yourself to not commit the sin of "over trading".

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Postby celtics2 » Sat Oct 24, 2009 9:50 pm

snscott, thanks for the reply.

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MightyOne
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Postby MightyOne » Sun Oct 25, 2009 2:21 am

celtics2 wrote:So what is considered a daily goal? If I'm trading trading 20k's?? I know what I'm making but what is a decent goal?


To trade a significant amount of money :wink:

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Postby Humble » Sun Oct 25, 2009 5:16 am

snscott wrote:Just kidding. ( we love you and your boundless patience :smt058 )


plus 1
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby pp2 » Sun Oct 25, 2009 8:51 am

THERE IS NOTHING TO FIGURE OUT!!

The rules are simple.

DO NOT THINK... EXECUTE!!

If price touches the high (low) of the green (red) candle, you enter long (short).


Is this the RAT scalp and for the daily 20 from the high or low?

If not, then we take every signal given from the tro 2009 rat plot line then #-o

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aussiefx
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Thanks for the help...

Postby aussiefx » Sun Oct 25, 2009 9:51 am

Not sure what the problem was but a couple of reboots seemed to fix things :) Seemed I had everything right but for some reason it just wasn't working. After I shut down for the day it all came good...go figure :)

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MightyOne
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Postby MightyOne » Sun Oct 25, 2009 11:28 am

celtics2 wrote:So what is considered a daily goal? If I'm trading trading 20k's?? I know what I'm making but what is a decent goal?


Attached is a conservative goal sheet:
Attachments
MO-GOAL SHEET.txt
(1.28 KiB) Downloaded 324 times

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TheRumpledOne
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Postby TheRumpledOne » Sun Oct 25, 2009 4:19 pm

pp2 wrote:THERE IS NOTHING TO FIGURE OUT!!

The rules are simple.

DO NOT THINK... EXECUTE!!

If price touches the high (low) of the green (red) candle, you enter long (short).


Is this the RAT scalp and for the daily 20 from the high or low?

If not, then we take every signal given from the tro 2009 rat plot line then #-o


If you WAIT FOR OPPORTUNITY and then start trading the reversals, you should be done trading in 1 - 4 trades on most days.
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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Patch
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Postby Patch » Sun Oct 25, 2009 4:30 pm

TRO

Wondering about your comment above that just came up before I go out and cut the grass.

"If you WAIT FOR OPPORTUNITY and then start trading the reversals, you should be done trading in 1 - 4 trades on most days."

Does this mean or imply that the statistics or odds of trading Green or Red Rat has a 1:4 or 25% success ratio?

Patch
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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

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TheRumpledOne
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Postby TheRumpledOne » Sun Oct 25, 2009 4:37 pm

NO.

Look at a chart.

Do you should SEE the rat reversal trades?

How many trades did it take to make 2%?

10 pips should be a 2% return on your account with proper position size.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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