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

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BrandX
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Postby BrandX » Tue Jan 17, 2012 5:13 pm

MightyOne wrote:
BrandX wrote:
PebbleTrader wrote:
"think you have to have 1000+ post to your name to get into MOs inner circle"



I don't want to chat with most of you...
the 1000+ posts is a kind way of saying that :lol:

A few are invited & most are kicked within a week or two.

Now lets get back to Rat Trading...


Sensei TRO,

The MightyOne seems less than pleased with mine and PebbleTraders light hearted, humorous response. It appears to have constructed a weak response based on sarcasm tinged with humor.

Will you grant permission for me to respond in kind to it? This may possibly provide an introspective to it.
Perhaps a thickening of it's skin would result. This would be beneficial to any trader, even one that has reached a level of omnipotence.
I assure you I will sit down and stick sharpened bamboo sticks in my finger tips to prevent further sophomoric responses after that
:twisted:

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MightyOne
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Postby MightyOne » Tue Jan 17, 2012 5:55 pm

All I hear is blah blah blah I have a hard time dealing with rejection.

It is not my fault that people liken me to a god...

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PebbleTrader
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Postby PebbleTrader » Tue Jan 17, 2012 6:02 pm

I hope it was not taken as disrespectful.

I think it is great that MightyOne mentors traders via GT. I was just implying that if people stuck with it long enough, they would find that they don't need it as much as they think...

:)
Life is just a journey

BrandX
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Postby BrandX » Tue Jan 17, 2012 6:10 pm

MightyOne wrote:All I hear is blah blah blah I have a hard time dealing with rejection.

It is not my fault that people liken me to a god...


Please disregard my previous post requesting permission to respond.

The above confirms the symptoms of delusional reality.

Objective reality is an ineffective tool to use in this instance.
Last edited by BrandX on Wed Jan 18, 2012 4:09 pm, edited 1 time in total.

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forexbob
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Postby forexbob » Tue Jan 17, 2012 6:22 pm

Sylverayda wrote:
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.


Sylverayda, sometimes we READ and do not SEE...

reread MO's answer and you will see MBTRADING
as fas as i know TRO is also using MBTRADING (FXDD just for charting)

although mbtrading also has mt4, many use another platform from them and use one or more mt4 clients for charting.

further if OANDA works for you, why change.
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TheRumpledOne
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Postby TheRumpledOne » Tue Jan 17, 2012 6:32 pm

Relativity wrote:Lol.

Sometimes I want to laugh coz this method is too easy and yet people still don't get it.

Anyway, my extensive research for the past 2 years still shows that 20 pips from extremes = king.


Not easy... SIMPLE!!

Glad you are enjoying being a RAT!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Relativity
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Postby Relativity » Wed Jan 18, 2012 10:44 am

TheRumpledOne wrote:
Relativity wrote:Lol.

Sometimes I want to laugh coz this method is too easy and yet people still don't get it.

Anyway, my extensive research for the past 2 years still shows that 20 pips from extremes = king.


Not easy... SIMPLE!!

Glad you are enjoying being a RAT!!


Lol. Ok Simple.

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TheRumpledOne
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Postby TheRumpledOne » Wed Jan 18, 2012 1:40 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 CURRENT 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!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Postby TheRumpledOne » Wed Jan 18, 2012 2:17 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.

sianz84
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Postby sianz84 » Wed Jan 18, 2012 4:02 pm

Relativity wrote:Lol.

Sometimes I want to laugh coz this method is too easy and yet people still don't get it.

Anyway, my extensive research for the past 2 years still shows that 20 pips from extremes = king.


I believe that is quite true. The reason why people still don't get it is due to the point on taking profits. Care to share your research on the exits?

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