2009.11.05 DRAIN THE BANKS - REV 9

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Andytankm
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Postby Andytankm » Tue Nov 10, 2009 12:56 am

TheRumpledOne wrote:It's not the range that this exploits, it's the wick size.

If you look at the frequency distribution, you'll see the wicks are larger than 20 pips over 66% of the time. Yes, you would want to run the frequency distribution for each pair that you trade to find the "cut off" number of pips.


Hi, Thanks for the indicators and ideas :) I like the Rat version best as it's easy to understand and easy to see with my eyes too :)

Question deleted: found answer :p

Keep up the good work!


Cheers,
Andy

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 10, 2009 12:46 pm

jonisonvespa wrote:hi tro
i just cant get my head round....the wicks are larger than 20 pips over 66% of the time.
how is this figure exploited? how does this relate to the rat?

thanks for taking the time



The distance ( in pips ) from the low of the day to the close of the day is usually greater than 20. Look at a daily chart.

You exploit this by buying when the price is within 20 pips of the low.

The relates to the rat because you only trade in one direction.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 10, 2009 12:49 pm

Footrot wrote:Hi Tro,
Thanks for all your efforts to help us trade well. I've been fascinated to read up on VSA. Could you help us understand your "Better Volume" indicator : what does the climax high, neutral, low, high,climax low, climax churn indicate to us?
Thanks again
Footrot


To learn VSA, read the following:

http://www.forexfactory.com/showthread.php?t=157629

http://www.traderslaboratory.com/forums/f151/
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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gangsta1
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Postby gangsta1 » Tue Nov 10, 2009 1:00 pm

+40 today thus far.
4 trades x 10pips each.




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Postby TheRumpledOne » Tue Nov 10, 2009 2:35 pm

NICE TRADING!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Tue Nov 10, 2009 2:35 pm

Image
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby gangsta1 » Tue Nov 10, 2009 2:53 pm

3x10pips=30pips
30pips+40pips=70pips today.




jonisonvespa
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Postby jonisonvespa » Tue Nov 10, 2009 4:11 pm

hi tro
thanks fro reply, starting to understand the rat more fully, have just used your wick indicator on following pairs, a few were low

d1 bottom wickcount (24)
usd chf 64
gbp/usd 78
eru usd 69
usdjpy 43
audusd 77.4
usd/cad 45

strange they are all in the 60/70% apart from the 2 low pairs, i must admit the shortfall was in the, range 10-19 pip

do you trade these low pairs?

tro my brain cell missed your lesson today about when a green rat can start trading at the start of the week is it 100pips below the open??

tthanks for taking the time
tro
Last edited by jonisonvespa on Tue Nov 10, 2009 6:10 pm, edited 1 time in total.

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Postby gangsta1 » Tue Nov 10, 2009 4:57 pm

4 more +10 pip rat trades.
Total 70+40=+110pips.
Minus 3 10pip loses= +80pips.





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Postby TheRumpledOne » Tue Nov 10, 2009 9:00 pm

I mainly trade GBPUSD, and EURJPY because of their hourly average range.

I'll also trade EURUSD, USDCHF, USDJPY and USDCAD when I see OPPORTUNITY.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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