2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED

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MightyOne
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Postby MightyOne » Thu Jan 26, 2012 4:57 pm

How likely do you think it is that price will move to the exact price as your limit order and then reverse?
For someone who uses a 10 pip stop, they could enter 2 lots (instead of 3) on a limit w/ a 15 pip stop (=2% risk) and then place a sell stop (we are going short in this example) where the limit order was activated & adjust the stop loss to 10 ( = 2% risk).

(3/2) * 10 = 15 <--- adding more space for the wick
(2/3) * 15 = 10 <--- removing space that is no longer needed

There is no gain to speak of at this point (oaf)...

Consider this the only time in your life when I drew up a chart for you:

http://i43.tinypic.com/2lm05nc.jpg

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BrandX
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Delusional Reality?

Postby BrandX » Thu Jan 26, 2012 6:29 pm

MightyOne wrote:How likely do you think it is that price will move to the exact price as your limit order and then reverse?
For someone who uses a 10 pip stop, they could enter 2 lots (instead of 3) on a limit w/ a 15 pip stop (=2% risk) and then place a sell stop (we are going short in this example) where the limit order was activated & adjust the stop loss to 10 ( = 2% risk).

(3/2) * 10 = 15 <--- adding more space for the wick
(2/3) * 15 = 10 <--- removing space that is no longer needed

There is no gain to speak of at this point (oaf)...

Consider this the only time in your life when I drew up a chart for you:

http://i43.tinypic.com/2lm05nc.jpg


"All I'll say is that basic idea (presented by MO) is fantastically profitable."
Seeing this chart gives me visual evidence of a $$ making machine.

But, apparently in your original strategy/trade, you were 2 lots L.E. and then you put a 1 lot stop @ entry.

"One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%)."

Now this chart shows a 2 lot S.E. , blathers a bit about some 10 pip stop that's not @ entry, and then has a 3rd S.E .lot filled @ entry.
Bravo! I congratulate you on an unbelievable $$ making strategy. One problem I have with it is this; Do you call the broker and tell him that it was not a 2 lot L.E. with a 1 lot stop @ entry, that it was actually a 2 lot S.E. w/ 1 S.E. lot added @ entry? Does he credit your account quickly?

So, enough about your delusional reality strategy. Here's a rat zone chart that doesn't require calls to the broker explaining that their servers entered the wrong order.
A person can decide which method offers a higher probability for profit. The Rat Trades strategy or the Emperor's New Clothes strategy.
Last edited by BrandX on Sun Jan 29, 2012 4:50 pm, edited 1 time in total.

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TheRumpledOne
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Postby TheRumpledOne » Thu Jan 26, 2012 7:00 pm

Image

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

<-------------------------------------------------------------------->

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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Re: Delusional Reality?

Postby MightyOne » Thu Jan 26, 2012 9:20 pm

BrandX wrote:
MightyOne wrote:How likely do you think it is that price will move to the exact price as your limit order and then reverse?
For someone who uses a 10 pip stop, they could enter 2 lots (instead of 3) on a limit w/ a 15 pip stop (=2% risk) and then place a sell stop (we are going short in this example) where the limit order was activated & adjust the stop loss to 10 ( = 2% risk).

(3/2) * 10 = 15 <--- adding more space for the wick
(2/3) * 15 = 10 <--- removing space that is no longer needed

There is no gain to speak of at this point (oaf)...

Consider this the only time in your life when I drew up a chart for you:

http://i43.tinypic.com/2lm05nc.jpg


"All I'll say is that basic idea (presented by MO) is fantastically profitable."
Seeing this chart gives me visual evidence of a $$ making machine.

But, apparently in your original strategy/trade, you were 2 lots L.E. and then you put a 1 lot stop @ entry.

"One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%)."

Now this chart shows a 2 lot S.E. , blathers a bit about some 10 pip stop that's not @ entry, and then has a 3rd S.E .lot filled @ entry.
Bravo! I congratulate you on an unbelievable $$ making strategy. One problem I have with it is this; Do you call the broker and tell him that it was not a 2 lot L.E. with a 1 lot stop @ entry, that it was actually a 2 lot S.E. w/ 1 S.E. lot added @ entry? Does he credit your account quickly?

So, enough about your delusional reality strategy. Here's a rat zone chart that doesn't require calls to the broker explaining that their servers entered the wrong order.
A person can decide which method offers a higher probability for profit. The Rat Trades strategy or the Emperor's New Clothes strategy.







Wow, I didn't think that I would have to use the same link twice:

http://www.youtube.com/watch?v=2nm5jl7aM08

I don't know if it is that you don't understand order types:

http://www.babypips.com/school/types-of-orders.html

If it is that you don't understand position-sizing...

or if you are just fking retarded (by choice?).

As for my reality, I have been a PROFITABLE trader for over -->10<-- years

My account grew from $2000 to tens of thousands before my teen years were over...
& I did it with a phone, pen, & paper charts.

So stuff your idiocy down your throat hole :shock:

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bredin
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Postby bredin » Thu Jan 26, 2012 9:41 pm

BrandX,
I think you should give up the notion that "I am here to improve my method."

Calling something rubbish because you dont understand it is not the way to learn.

It looks to me like deliberate obstinance at this point.

G.
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EBW Debacle Debate

Postby BrandX » Thu Jan 26, 2012 11:52 pm

Ok, bredin & MO, you traders/teachers of legendary status, the debate is over. It started out about the veracity of the Eyes, Blow, Wiggle whatever strategy. I asked for a valid critique side by side of the EBW/Rat zone trades. You were unable to provide a tangible defense of the EBW or a sensible critique to my charts. Your sophomoric responses have been noted. Maybe some consider your bloviating as an acceptable intellectual rebuttal, I don't.
MO, your trading resume is probably impressive in some circles, but it is wise of you to publish it in beginner atmospheres, there are very many outside that circle who will not be impressed.

With that, I bid you adieu, and good luck in whatever your agenda may be.

Rat Traders, here's one that does not require pages of bloviating, side stepping questions and other asinine elements. It has simple rules of engagement, it has visually identified razor sharp entry/exit. One might note that it also has a high degree of predictability resulting in consistent percentage gains in your account.

Last edited by BrandX on Sun Jan 29, 2012 4:52 pm, edited 1 time in total.

pjaikins
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Entry Point for Rats

Postby pjaikins » Fri Jan 27, 2012 4:18 am

TRO,
You mention entering within the 20 pips zone of the current daily low. Do you still enter if the currency is very close to the top of that zone or steer clear?

Regards,
Peter

nickohorny
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Re: EBW Debacle Debate

Postby nickohorny » Fri Jan 27, 2012 11:28 am

BrandX wrote:Ok, bredin & MO, you traders/teachers of legendary status, the debate is over. It started out about the veracity of the Eyes, Blow, Wiggle whatever strategy. I asked for a valid critique side by side of the EBW/Rat zone trades. You were unable to provide a tangible defense of the EBW or a sensible critique to my charts. Your sophomoric responses have been noted. Maybe some consider your bloviating as an acceptable intellectual rebuttal, I don't.
MO, your trading resume is probably impressive in some circles, but it is wise of you to publish it in beginner atmospheres, there are very many outside that circle who will not be impressed.

With that, I bid you adieu, and good luck in whatever your agenda may be.

Rat Traders, here's one that does not require pages of bloviating, side stepping questions and other asinine elements. It has simple rules of engagement, it has visually identified razor sharp entry/exit. One might note that it also has a high degree of predictability resulting in consistent percentage gains in your account.



Hi BrandX

Would you mind explaining your setup and how you enter here? I am a little confused as I thought the idea was to enter within a 20 pip zone of daily high/low? What are the coloured lines for on the chart and how are you using them? interested.

Thanks for the help.

BrandX
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Re: EBW Debacle Debate

Postby BrandX » Fri Jan 27, 2012 1:16 pm

:shock:
Last edited by BrandX on Sun Jan 29, 2012 4:53 pm, edited 1 time in total.

nickohorny
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Re: EBW Debacle Debate

Postby nickohorny » Fri Jan 27, 2012 4:48 pm

BrandX wrote:
nickohorny wrote:
BrandX wrote:Ok, bredin & MO, you traders/teachers of legendary status, the debate is over. It started out about the veracity of the Eyes, Blow, Wiggle whatever strategy. I asked for a valid critique side by side of the EBW/Rat zone trades. You were unable to provide a tangible defense of the EBW or a sensible critique to my charts. Your sophomoric responses have been noted. Maybe some consider your bloviating as an acceptable intellectual rebuttal, I don't.
MO, your trading resume is probably impressive in some circles, but it is wise of you to publish it in beginner atmospheres, there are very many outside that circle who will not be impressed.

With that, I bid you adieu, and good luck in whatever your agenda may be.

Rat Traders, here's one that does not require pages of bloviating, side stepping questions and other asinine elements. It has simple rules of engagement, it has visually identified razor sharp entry/exit. One might note that it also has a high degree of predictability resulting in consistent percentage gains in your account.



Hi BrandX

Would you mind explaining your setup and how you enter here? I am a little confused as I thought the idea was to enter within a 20 pip zone of daily high/low? What are the coloured lines for on the chart and how are you using them? interested.

Thanks for the help.


Sure Nick,

Summary;
It is pure rat trading no less, no more. So those rules are what you adhere to.
It quantifies the highs, lows, and reversals at any given period of the trading day.

Now for your specific questions;

" Would you mind explaining your setup"
The chart you saw was GBPUSD 5 minute, 5 lines spaced out to roughly 30 pips for the Rat Zones, the crosses on the wicks are Bar X breakouts, and finally, Daily Open, High and Low lines.

Functions of the above;
The lines provide the Buy/Sell Zone, the center line is what I consider to be the interface between the two. I'm not glued to the computer, so the lines also provide audible voice alerts, "outer red, inner red, gray , inner green, outer green."
Bar X alerts simply call out "red cross, green cross"
Daily High, Low alerts are a bit eccentric "General Quarters, General Quarters, This is not a drill, all hands man your battle stations" I loved to hear this sound when I was at sea.
Alert summary;
Beginning of trading day, all alerts disabled except Daily High and Low, bedside speakers power on around 03:30, first alert I hear will be GQ. All others are enabled at this time.

"and how you enter here?"
Simple Rat Rules, from a sell zone if your a Red Rat. from a Buy Zone of you are Green Rat.
" I am a little confused as I thought the idea was to enter within a 20 pip zone of daily high/low?"
Yes, this is the rule and it is effective, you will be entering according to this. As the day progresses, the secondary rule becomes co-effective. This one states that you can make a Rat Trade anywhere on the chart. At this point you may find the colored lines quite useful.


Thanks!
still not sure I fully understand, let's say I am a green rat - I would look to enter on a green bar crossing over the inner green line only? that right?

And are these custom indicators? the bars showing the arrows above/below are like the rat plot but they aren't showing a rat reversal so why do they have arrows on some?

thanks!
Slow learner! :cry:

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