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

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Sylverayda
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Postby Sylverayda » Sun Jan 08, 2012 6:59 am

TheRumpledOne wrote:http://youtu.be/XK_4Z5DZcNM

BE THE LEAF!!


easier said than done but i think i'm starting to get it. i read alexander elder and van tharp. so if greed is a mistake than i can/should/have to correct it.

have a nice sunday

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Postby MightyOne » Mon Jan 09, 2012 5:39 am

Last edited by MightyOne on Mon Jan 09, 2012 7:08 am, edited 1 time in total.

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Postby Sylverayda » Mon Jan 09, 2012 6:30 am

Which platform do you recommend to use with RAT indicators?

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Postby MightyOne » Mon Jan 09, 2012 6:57 am

If by "use" you mean charting then Meta Trader 4

If by "use" you mean trading then something like MBT DESKTOP PRO

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Postby Sylverayda » Mon Jan 09, 2012 9:53 am

MightyOne wrote:If by "use" you mean charting then Meta Trader 4

If by "use" you mean trading then something like MBT DESKTOP PRO


Thank you. I meant broker, (mt4 got to me earlier) :lol:

There are so many. So far I've used Oanda because I've got mac. I suppose I need to install windows now to operate mt4 and am looking for a tight spread, reliable broker. I think TRO's using FXDD, I'd like to "shop around" though.

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Postby Pro Trader » Mon Jan 09, 2012 10:33 am

Demand Level off the Daily low

Image

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Postby newscalper » Mon Jan 09, 2012 12:50 pm


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TheRumpledOne
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Postby TheRumpledOne » Mon Jan 09, 2012 1:20 pm

Image

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE (italics added)

=============================================

"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden

=============================================

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

============================================

WHY ISN'T EVERYBODY DOING IT?

Most of you know I catch a lot of flak on my forums because SOME PEOPLE don't like the way I post.

One worn out argument that is used repeatedly is, "If this is so (simple, great, profitable, ), then why isn't everybody doing it?"

Simple answer is because SOYLENT GREEN is people!

We all know exercise is great, but how many actually exercise?

We all know smoking is bad, but how many do it anyway?

We all know which foods are bad for our health, but how many eat those foods?

We all know that we should save for our future and spend less than we earn but who does that?

The list is almost endless.

As long as there are people, there will always be some STUPID people and some smart people making STUPID decisions, where STUPID is defined as knowing better but acting otherwise.

Meanwhile, the RATS are still beating the Yale students.

=============================================

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby newscalper » Mon Jan 09, 2012 2:32 pm

MO - -there's always been something in your terminology that's been puzzling me when put in terms of 3CC and that is 'price closes over a line'.

In any terms price never 'closes' - sessions and bars and ccs can close but price doesn't AFAIK - although current price is called 'closing price'. Now in terms of 3CC and 'price' closing over a line - which I've always taken that you mean a bar closes over a line, I understand that in terms of a singular bar or a singular CC closing over a LOS = get out. Now, in terms of 3CC would price closing over a line = all 3CC closing over that particular line or just 1CC or just one bar - I know this is something down to the individual trader but how do you view it?

MTIA

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TheRumpledOne
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Postby TheRumpledOne » Mon Jan 09, 2012 9:04 pm

Image


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

1) Price within 20 pips of the CURRENT daily low (ClLo < 20) - that is OPPORTUNITY

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

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

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

Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.

THINK ABOUT IT!!


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

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

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

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the CURRENT daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

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

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