" when you set your limit orders on MB trading...do you ever include subpips in your limit orders or not?"
NO.
2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- TheRumpledOne
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- TheRumpledOne
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A) Price makes new low for the day or is within 20 pips of low of the day
B) Previous candle is green ( 5 min, 15 min or 60 min )
C) Enter at previous candle high
Look at the chart:
See those 2 red candles near the bottom...
See the next candle was green...
See then next candle break the previous green candle's high - that was your entry...
See the profit!!!
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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What is the fascination some traders have with SQUIGGLY LINE indicators?
I see people spending a lot of time on them.
DON'T YOU REALIZE THEY ARE A MYTH?
SEE PRICE.
SEE PRICE MOVE.
SEE PRICE MOVE UP.
SEE PRICE MOVE DOWN.
THOSE ARE THE ONLY WAYS THAT PRICE MOVES.
SEE TIME.
WHAT TIME IS IT?
WHAT'S THE PRICE?
WHAT TIME IS IT NOW?
WHAT'S THE PRICE?
DID PRICE GO UP OR DOWN?
IT IS ALL RELATIVE!!
WHAT DO YOU THINK A SQUIGGLY LINE INDICATOR IS GOING TO TELL YOU THAT YOUR EYES CAN'T TELL YOU?
DO YOU BELIEVE THERE IS SOME MAGIC FORMULA THAT WILL ENABLE YOU TO SEE THE FUTURE?
WHAT IS THE HIGH OF THE DAY?
IS PRICE NEAR THAT HIGH?
IS PRICE GETTING CLOSER TO THAT HIGH?
IS PRICE AT THE HIGH OF THE DAY?
IS PRICE MAKING A NEW HIGH?
IS PRICE MOVING AWAY FROM THE NEW HIGH OF THE DAY?
WHAT IS THE LOW OF THE DAY?
IS PRICE NEAR THAT LOW ?
IS PRICE GETTING CLOSER TO THAT LOW ?
IS PRICE AT THE LOW OF THE DAY?
IS PRICE MAKING A NEW LOW ?
IS PRICE MOVING AWAY FROM THE NEW LOW OF THE DAY?
TRADING IS SIMPLE.
DO NOT COMPLICATE IT.
I see people spending a lot of time on them.
DON'T YOU REALIZE THEY ARE A MYTH?
SEE PRICE.
SEE PRICE MOVE.
SEE PRICE MOVE UP.
SEE PRICE MOVE DOWN.
THOSE ARE THE ONLY WAYS THAT PRICE MOVES.
SEE TIME.
WHAT TIME IS IT?
WHAT'S THE PRICE?
WHAT TIME IS IT NOW?
WHAT'S THE PRICE?
DID PRICE GO UP OR DOWN?
IT IS ALL RELATIVE!!
WHAT DO YOU THINK A SQUIGGLY LINE INDICATOR IS GOING TO TELL YOU THAT YOUR EYES CAN'T TELL YOU?
DO YOU BELIEVE THERE IS SOME MAGIC FORMULA THAT WILL ENABLE YOU TO SEE THE FUTURE?
WHAT IS THE HIGH OF THE DAY?
IS PRICE NEAR THAT HIGH?
IS PRICE GETTING CLOSER TO THAT HIGH?
IS PRICE AT THE HIGH OF THE DAY?
IS PRICE MAKING A NEW HIGH?
IS PRICE MOVING AWAY FROM THE NEW HIGH OF THE DAY?
WHAT IS THE LOW OF THE DAY?
IS PRICE NEAR THAT LOW ?
IS PRICE GETTING CLOSER TO THAT LOW ?
IS PRICE AT THE LOW OF THE DAY?
IS PRICE MAKING A NEW LOW ?
IS PRICE MOVING AWAY FROM THE NEW LOW OF THE DAY?
TRADING IS SIMPLE.
DO NOT COMPLICATE IT.
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
- rank: 10000+ posts
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95% of traders lose.
Do you think most of them were using "conventional wisdom"?
What about all of the fund managers who can not beat the index?
What about all of the fund managers who have lost billions?
THERE IS NO TREND.
TREND IS A CONCEPT.
TREND EXIST ONLY IN THE MIND OF THE TRADER.
Look at the chart and tell me if the trend is up or down.
TREND IS RELATIVE TO THE OBSERVER JUST LIKE TIME WHICH IS ANOTHER CONCEPT.
One must separate what is REAL from what is CONCEPTUAL.
Do you think most of them were using "conventional wisdom"?
What about all of the fund managers who can not beat the index?
What about all of the fund managers who have lost billions?
THERE IS NO TREND.
TREND IS A CONCEPT.
TREND EXIST ONLY IN THE MIND OF THE TRADER.
Look at the chart and tell me if the trend is up or down.
TREND IS RELATIVE TO THE OBSERVER JUST LIKE TIME WHICH IS ANOTHER CONCEPT.
One must separate what is REAL from what is CONCEPTUAL.
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
- rank: 10000+ posts
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- Joined: Sun May 14, 2006 9:31 pm
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How the rat would trade because the rat would win 2 out of 3 trades by trading as follows:
If previous bar is red, then look to go short at the previous bar low.
If previous bar is green, then look to go long at the previous bar high.
Remember, once you hit your daily goal QUIT TRADING or else the rat will beat you.
DO NOT BE FOOLED
PRICE IS THE SAME ON ALL CHART PERIODS.
The reason you enter a trade has no bearing on the outcome. You need to INTERNALIZE this.
Using these "rat" entries will NOT make your trade a winner. That's up to the market.
The "rat" entries have a STATISTICAL EDGE that can be exploited for profit.
During a 60 minute period, how many 5 minutes candles are there? 12. Do you think your chances of winning are better with up to 12 entries or 1?
Now, there are 24 hour bars in a day but only 1 previous daily high/low. Do you think your chances of winning are better with up to 24 entries or 1?
DO NOT OVER TRADE.
If previous bar is red, then look to go short at the previous bar low.
If previous bar is green, then look to go long at the previous bar high.
Remember, once you hit your daily goal QUIT TRADING or else the rat will beat you.
DO NOT BE FOOLED
PRICE IS THE SAME ON ALL CHART PERIODS.
The reason you enter a trade has no bearing on the outcome. You need to INTERNALIZE this.
Using these "rat" entries will NOT make your trade a winner. That's up to the market.
The "rat" entries have a STATISTICAL EDGE that can be exploited for profit.
During a 60 minute period, how many 5 minutes candles are there? 12. Do you think your chances of winning are better with up to 12 entries or 1?
Now, there are 24 hour bars in a day but only 1 previous daily high/low. Do you think your chances of winning are better with up to 24 entries or 1?
DO NOT OVER TRADE.
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
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Thank you for your support.
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- TheRumpledOne
- rank: 10000+ posts
- Posts: 15561
- Joined: Sun May 14, 2006 9:31 pm
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- TheRumpledOne
- rank: 10000+ posts
- Posts: 15561
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.