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

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MightyOne
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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED

Postby MightyOne » Mon Dec 08, 2014 10:46 am

Year by year the market empties a trader to the point where he recognizes that he knows nothing at all; it is at this point that the trader knows everything for everything is what he can see.

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

Postby volnmar » Mon Dec 08, 2014 11:20 am

great but can you please reply on my question?
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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED

Postby michal.kreslik » Mon Dec 08, 2014 12:24 pm

TheRumpledOne wrote:It is the trader not the system that is profitable.


This statement just inspired me to ask our developers to add a "Like" button to the forum posts! :)

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

Postby volnmar » Mon Dec 08, 2014 7:24 pm

I have another question: When I use TRO DW_ZONE indicator, i see Monday lines calculated from Sunday, is it correct or it should calculate from Friday?

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

Postby TheRumpledOne » Tue Dec 09, 2014 5:01 pm

volnmar wrote:I think I understand it but If we use some rules to entry trades, then we have a system, and if we follow the system we can see maximal potential profit after our entry, it is only up to trader and luck, how big that profit will be in real....But how many times we would be stopped out if we use fixed SL? The question is which horizontal line (system) has the best potential, be not stopped out? can we somehow find it out ? Does exist some fast way to compare rat zone system, wick zone, or for example daily point of control on tick chart with fixed SL, which one generated more loosing trades in history?



Each currency has different stats.

Price usually leaves each RAT ZONE 66% of the time.

Price usually leaves DAILY WICK ZONES over 70% of the time.

The difference is RATS only trade out of ONE ZONE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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

Postby TheRumpledOne » Tue Dec 09, 2014 5:04 pm

You need to use a broker that doesn't show "Sunday" lines.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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

Postby volnmar » Tue Dec 09, 2014 7:51 pm

thank you I already prepared charts for trading wick zone, today I changed broker, I will trade it soon.. thanks for all your education
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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED

Postby volnmar » Wed Dec 10, 2014 2:21 pm

TheRumpledOne wrote:
volnmar wrote:I think I understand it but If we use some rules to entry trades, then we have a system, and if we follow the system we can see maximal potential profit after our entry, it is only up to trader and luck, how big that profit will be in real....But how many times we would be stopped out if we use fixed SL? The question is which horizontal line (system) has the best potential, be not stopped out? can we somehow find it out ? Does exist some fast way to compare rat zone system, wick zone, or for example daily point of control on tick chart with fixed SL, which one generated more loosing trades in history?



Each currency has different stats.

Price usually leaves each RAT ZONE 66% of the time.

Price usually leaves DAILY WICK ZONES over 70% of the time.

The difference is RATS only trade out of ONE ZONE.


Please where can I download indicator for that distribution of wick zone? I would like to see it for all instruments.

Today I firstly tried to trade, it looked much easier than it is. I like to watch 1 and 5 min tf, i enter 2 pips below/above lines. SL 10 pips. I understand that sometimes i got stopped out. But how can I recognize end of breakout? I don´t know how big profit i should take... If I always risk 10 pips...I am trying exit playbook, but it doesn´t go long with profit... after few SL moves its stopped out with only small profit or BE, this will not cover 10 pip from lost trade. Can you please share how you enter the trade, with limit stop order or you wait for break out and enter on pulback?
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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED

Postby MightyOne » Wed Dec 10, 2014 7:09 pm

In the words of Guru Ken Roberts,

"If your only problem is how much profit to take then what a problem to have!" =D>

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

Postby volnmar » Thu Dec 11, 2014 6:24 am

MightyOne wrote:In the words of Guru Ken Roberts,

"If your only problem is how much profit to take then what a problem to have!" =D>


Of course it is a problem, how big profit you want to take decides if the trade will finish in profit or not. Biggest question is risk/reward ratio. If I take a trade with 10 pips sl, then i should take 10 pips profit and more, not less. "The battle is won/lost before it starts"

I know where to enter, how big position, direction, but don't know when to close.
Just learning

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