2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

[TheRumpledOne]

When you SEE price approaching the previous day's high or low, there is a good chance of getting some cheese on the breakout.

DO YOU SEE IT?

[flinux]

Believe me .. more I look at this chart, the more I feel stupid. This chart is so elegant and simple, which is really hard not understand!

[TheRumpledOne]

Might be helpful to plot all of the rat triggers on the chart?!

[TheRumpledOne]

Believe me .. more I look at this chart, the more I feel stupid. This chart is so elegant and simple, which is really hard not understand!

There is really nothing to understand. It is more a matter of ACCEPTANCE.

"Since your mind is your most valuable asset and your most valuable lever, you need to be careful what you put in it. Sometimes it is even more difficult to get rid of thoughts and ideas that are already in your mind than it is to learn something new." - Pg 119 WHY WE WANT YOU TO BE RICH

Your mind is having a very difficult time BELIEVING that trading is simple, that you do not need SQUIGGLY LINES, that most of what you have learned is mythical, etc...

"The secret to learning new things is to be willing to unlearn--even if your behaviors previously brought success." - Learn, Unlearn, and Relearn By: Marcia Conner

Your mind refuses to LET GO!

Perhaps this method of instruction would facilitate your learning:

http://www.youtube.com/watch?v=kHbfIPjmZys

[TheRumpledOne]

Watch and listen carefully:

http://club.ino.com/trading/2009/10/the ... l-trading/

How many myths were put forth as truisms?

[pip9999]

---------------------
Ask :

Thanks Avery, you are always the best !

$$$The Green Rat Trigger line came at the 5th BAR but not at the 3rd BAR-----Bravo, if Tro2009_Plot can be modified like this one, Green Rat Trigger-line appears after : red-green-green-green--Green Trigger-line appears, this will prevent us from Whipsaw(pull back) or breakout in the 4th or 5th BAR.

As always, I love the simplicity of Rat Logic



Cheers

[pip9999]

When you SEE price approaching the previous day's high or low, there is a good chance of getting some cheese on the breakout.

DO YOU SEE IT?

----------------------

Avery.

D1 LOW BREAK(10)

Range 30-39 2 50%---------> this indicate that the Price action most likely(50%) will break the daily Low with breakout range 30-39pips ?

What is name of that Indicator ?

Thank you

Cheers

[pip9999]

Might be helpful to plot all of the rat triggers on the chart?!

------------------

Yes, since some Broker asking 10-20pips away from current price to set Buystop/Sell stop Oder, if the current price nears rat trigger & we are forced to set Market Order------>most of the time will be a losing trade.


PS. Is there any Tools to set Pending Order inside Broker spread (10-20pips away from current price) ?

Thanks

[TheRumpledOne]

---------------------
Ask :

Thanks Avery, you are always the best !

$$$The Green Rat Trigger line came at the 5th BAR but not at the 3rd BAR-----Bravo, if Tro2009_Plot can be modified like this one, Green Rat Trigger-line appears after : red-green-green-green--Green Trigger-line appears, this will prevent us from Whipsaw(pull back) or breakout in the 4th or 5th BAR.

As always, I love the simplicity of Rat Logic



Cheers

NO!

The GREEN ARROWS show the bars where the GREEN RAT REVERSAL was triggered. The line show the most recent trigger.

Don't make me send you to YALE...LOL!