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

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MightyOne
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Postby MightyOne » Mon Jan 09, 2012 10:00 pm

Time and price are interchangeable...
it could also be read 'time comes to an end over a line'

We know that support is broken when there is a close below it, but we also know that the same line can hold as support in an even larger chart period.

I just look at the chart and if it looks like it is closing lower then it...IS :shock:

newscalper wrote: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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newscalper
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Postby newscalper » Mon Jan 09, 2012 11:04 pm

Thanks MO, although I have to say that still doesn't make sense to me unless you mean time PERIOD comes to a close...time coming to an end means...who know what? The end of everything :cry:

So, if we are trading 3CC and that's the time period being looked at, the period isn't deemed to have closed beyond the line until all 3 CCs have closed beyond the line?

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Postby Sylverayda » Tue Jan 10, 2012 5:47 am

I started trading last october. At the beginning i knew nothing about leading/lagging indicators, trends, patterns and so on. I was earning 2% daily easily by just looking at the price. Then i decided not be an ignorant (applied to Yale) and learned all about fibonacci, pennant, h&s ... and listened to specialists discussing charts. I lost about 35% of my account. I was really upset. seemed like the moment i made a decision, the market decided to change its mind. very frustrating.
Since i gave RAT a shot, i trade one pair, one direction 3 or 4 times a day and i twopercent my account again.
But i feel more confident than in october because i know it won't stop as long as i just do it. thank you TRO. Thank you Kreslik.

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MightyOne
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Postby MightyOne » Tue Jan 10, 2012 7:07 am

newscalper wrote:Thanks MO, although I have to say that still doesn't make sense to me unless you mean time PERIOD comes to a close...time coming to an end means...who know what? The end of everything :cry:

So, if we are trading 3CC and that's the time period being looked at, the period isn't deemed to have closed beyond the line until all 3 CCs have closed beyond the line?


Instead of saying that something is not so, one should at least say how can it be so.
Each tick on the chart is linked to a moment in time and each moment in time is linked to a price. Although Renko & PNF charts do not display time they contain time.

Only you can decide the length of time that invalidates the S/R that you are looking at.

& 3xCC IS NOT a CC, didn't you get the memo?

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newscalper
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Postby newscalper » Tue Jan 10, 2012 8:48 am

:lol:
No, I must have missed that one.

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TheRumpledOne
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Postby TheRumpledOne » Tue Jan 10, 2012 3:17 pm

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

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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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TheRumpledOne
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Postby TheRumpledOne » Tue Jan 10, 2012 3:37 pm

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



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Sylverayda
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Postby Sylverayda » Tue Jan 10, 2012 4:50 pm

TRO, which indicators did you use above? I'm a bit lost in this abundance.
I also find that some have a different price (on top in green) than the actual price. Can i change it?

Could you please suggest which indicators from which batch? Are all 2009/2010/2011 obsolete or usable?
Thank you.

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newscalper
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Postby newscalper » Tue Jan 10, 2012 7:16 pm

Apologies to TRO for being off topic - MO, if there's a better topic to discuss this on now, it used to be ES's PA thread but I don't think many are there now: then I'll shift over to that.

Does this kind of look right or have I got it totally wrong?
This is a live trade I put on CAD - as price has fallen I've taken profits out at each 'sub' possible failure area- only a 1/4 position now left on.


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Postby Pro Trader » Tue Jan 10, 2012 9:06 pm

Demand level off the Daily low

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