2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
Tro, would it be possible for me to get this Indi? The dashboard displaying semafors on different charts
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- TheRumpledOne
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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
TOUCHLIKWID7 wrote:Tro, would it be possible for me to get this Indi? The dashboard displaying semafors on different charts
Yes, that is a 2009 or 2010 Donational indicator.
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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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
how much Tro?
Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
volnmar wrote:
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.
how big profit you want to take decides if the trade will finish in profit or not
You need only make 3x your cost.
Say that you went long with 3 units, price moves 6 pips, & you exit 1 lot.
One lot covered your 2 pips cost & space expands to (3/2)*6 which is 3 pips lower than your entry & your new break even point.
If you get stopped out at your original -10 pips then your loss is (2/3)*7 or 4.7 pips...lets move your stop up 1 pip to make it an even -4.
In case you are lost, it looks like this:
You have 16 pips with 3 units & (3/2)*16 expands space straight down 24 pips.
You then lose 16 pips leaving you with 8 pips @ 2 units which is 5.3 pips at 3 units.
10 - 5.3 = 4.7
So your plan might be:
a) it blasts past 3x cost and I try to maximize profit by placing limit sell orders at short term price extremes.
b) price stalls after meeting my cost and I manually exit within the +6/-3 'break even / small profit' area.
c) price stops me out at '-9' and I lose 4 pips.
d) I don't cover my cost, price stops me out at -9, and I lose 9 pips.
Now I know what you are thinking, "I will just move my stop to break even and avoid the loss".
We placed a limit sell order because we needed to cover our cost.
We don't place a stop at break even because profit is our need; if we wanted to break even then we'd trade a demo account.
What you ask for is what the market gives you & in trading we ask with our orders.
- volnmar
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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
Can you please write it for 0.10 lots, and like TRO said in Exit Playbook video? i get it I devide it for 3 parts.. but stil dont know where to move SL after first 1/3 close.. what next? I am so sorry I don´t understand it
Just learning
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- volnmar
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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
Guys I found these videos Market Makers Method....from Martin Cole... https://www.youtube.com/watch?v=PZY51A53iL4
TRO and others, is that man saying it right or not?
TRO and others, is that man saying it right or not?
Just learning
Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
volnmar wrote:Guys I found these videos Market Makers Method....from Martin Cole... https://www.youtube.com/watch?v=PZY51A53iL4
TRO and others, is that man saying it right or not?
I heard a whole lot of nothing for 20 minutes.
In 14 years I have heard a lot of things, but the most truthful advise is this: paraphrased of course:
"No one knows what you think they know; there is no hidden knowledge, only truth.
They divined the answer from the chart and so can you"
- volnmar
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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
How much do you earn with trading? What should I read to trade like you? There is nothing consistently earning, I hoped in TRO trading methods, but still the same, no matter which line you chose, all methods,tools works but only sometimes, once this, next time something else, I always lose more than earn. Rat and wick zone is full of false break outs, how can exist people who made millions from small accounts?
Just learning
- aliassmith
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Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
volnmar wrote:How much do you earn with trading? What should I read to trade like you? There is nothing consistently earning, I hoped in TRO trading methods, but still the same, no matter which line you chose, all methods,tools works but only sometimes, once this, next time something else, I always lose more than earn. Rat and wick zone is full of false break outs, how can exist people who made millions from small accounts?
You learned your first lesson. No system works
100% of the time.
Trade Your Way as Long as It Makes Money!
Re: 2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
What should I read to trade like you?
You can't trade like me, you can only trade like you.
There is nothing consistently earning... Rat and wick zone is full of false break outs...
If you see your trade move to -6 nearly every time you trade a breakout then place a limit 4 points into the extreme.
If you keep getting stopped out only for price to reverse and take off without you then place a limit 6 or 8 points into the extreme after signal.
If you notice that most of the time price moves 3 pips past the BO before retracing then take partial profit at 2 pips.
2 pips + the 4 from the limit gives you a profit of 6 & reducing from 3 lots to 2 lots moves your break even 3 pips behind your entry for a total retrace of 9 pips.
That is why you will hear people say that it is the trader and not the system that makes money...
they trade what they see.
how can exist people who made millions from small accounts?
Not everyone is a mindless drone.
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