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

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TheRumpledOne
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Postby TheRumpledOne » Wed Jan 11, 2012 9:18 pm

MightyOne wrote:Missed it while talking to other traders on GT :( but the stall was 20 pips from the daily high:

http://i40.tinypic.com/2d6qk4x.gif


What is GT?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Braathen
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Postby Braathen » Wed Jan 11, 2012 9:27 pm

Google Talk
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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dojirock
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Postby dojirock » Wed Jan 11, 2012 9:58 pm

I want to join the MO GT lottery... :D :P [-o<
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Braathen
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Postby Braathen » Wed Jan 11, 2012 10:12 pm

Hehe yeah i wouldnt mind that either doji :)
Always nice to talk to people :)
But alas im afraid the most intelligent question coming out of my
mouth in a conversation like that would be "How are you today?" lol :)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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dojirock
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Postby dojirock » Thu Jan 12, 2012 12:19 am

lol

I would listen, listen very intently........
:-#
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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Humble
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Postby Humble » Thu Jan 12, 2012 12:46 am

If they are doing "text chat" as opposed to "voice chat" with GT, I wonder if some of us could be allowed in on the basis "listen" and do not make any chatter?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby prochargedmopar » Thu Jan 12, 2012 12:59 am

Braathen wrote:Hehe yeah i wouldnt mind that either doji :)
Always nice to talk to people :)
But alas im afraid the most intelligent question coming out of my
mouth in a conversation like that would be "How are you today?" lol :)


I got a giggle out of that one: funny stuff
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby bettlebox » Thu Jan 12, 2012 1:29 am

think you have to have 1000+ post to your name to get into MOs inner circle :) or something to do with the position of sun and moon on your birthday.


There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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Postby Humble » Thu Jan 12, 2012 3:22 am

I appreciate it's invo only as MO would not want to be answering to much baby pips stuff over and over.

Would be helpful to have the GT IM chat open and watch the conversations with the charts up.

Nice pic, I can see MO, think I'm under the table (again) :)
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby Sylverayda » Thu Jan 12, 2012 4:47 am

TheRumpledOne wrote:Image

Let's clear things up:

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.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.


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


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


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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
We definitely crossed the weekly low :smt106

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