There is a great disturbance in the Force

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
The_Snowman
rank: 50+ posts
rank: 50+ posts
Posts: 82
Joined: Sun Oct 12, 2008 8:49 am
Reputation: 0
Location: In the desert
Gender: Male

Some more crazy charts

Postby The_Snowman » Sat Oct 02, 2010 2:27 pm

Here is a series of charts showing 9 trades, 8 shorts and 1 long, all signals from the RAT ZONE, you really have to turn the Sound Alert to TRUE to really appreciate the indicator, it is awesome! Thanks, TRO :D

The trades, as I say, I was just clicking away, taking every signal without really watching any other Technical Analysis, this set of trades wasn't looking too good for a start but they all closed at 2 pips profit, then the next signal was a BUY, it paid off also. :)
Attachments
10-1-2010 9-03-31 AM.png
10-1-2010 9-03-31 AM.png (114.09 KiB) Viewed 1963 times
10-1-2010 8-52-59 AM.png
10-1-2010 8-52-59 AM.png (148.47 KiB) Viewed 1963 times
10-1-2010 8-44-39 AM.png
10-1-2010 8-44-39 AM.png (66.28 KiB) Viewed 1963 times
10-1-2010 8-22-56 AM.png
10-1-2010 8-22-56 AM.png (68.98 KiB) Viewed 1963 times
10-1-2010 7-58-33 AM.png
10-1-2010 7-58-33 AM.png (43.84 KiB) Viewed 1963 times
sound alert true.png
sound alert true.png (125.01 KiB) Viewed 1963 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
The_Snowman
rank: 50+ posts
rank: 50+ posts
Posts: 82
Joined: Sun Oct 12, 2008 8:49 am
Reputation: 0
Location: In the desert
Gender: Male

You are on the internet - If you (google) search for it, you

Postby The_Snowman » Sat Oct 02, 2010 3:00 pm

vladv wrote:The_Snowman,can you share your indicators & template used in the above screenshots,please!?Thanks a lot.


Sure, no problem, the only thing you really need is TRO_RAT_ZONE and that must be in the MotherLode

I have different set up on different time frames, I can do a screen shot of each if you need it

Some settings -

EMA's 5, 21, 55, 200 (close)
SMA 8 (open)

see why here - WATCH THE VIDEO
Attachments
current indicators.png
current indicators.png (189.83 KiB) Viewed 1957 times

User avatar
trueblueTEX
rank: 500+ posts
rank: 500+ posts
Posts: 532
Joined: Mon Apr 12, 2010 4:38 pm
Reputation: 0
Gender: None specified

Postby trueblueTEX » Sat Oct 02, 2010 3:59 pm

Is there a specific video that discusses the reason for the MA's you've chosen?

User avatar
The_Snowman
rank: 50+ posts
rank: 50+ posts
Posts: 82
Joined: Sun Oct 12, 2008 8:49 am
Reputation: 0
Location: In the desert
Gender: Male

Postby The_Snowman » Sat Oct 02, 2010 4:43 pm

trueblueTEX wrote:Is there a specific video that discusses the reason for the MA's you've chosen?

No, well, maybe, try here

FX BOOTCAMP TRAINING

On second thought to answer your question, you can use any Moving Average you like, or none at all, but the main thing is, these settings WORK FOR ME :)
Last edited by The_Snowman on Sat Oct 02, 2010 6:25 pm, edited 1 time in total.

User avatar
The_Snowman
rank: 50+ posts
rank: 50+ posts
Posts: 82
Joined: Sun Oct 12, 2008 8:49 am
Reputation: 0
Location: In the desert
Gender: Male

Another few trades

Postby The_Snowman » Sat Oct 02, 2010 6:22 pm

Last set of charts, market bounced once, went back down to Rat Zone, will it bounce again?

First the 15 min chart, then zoom in to the 5 min charts?

TRO, how did I do?

PS - off to the desert tomorrow for 2 weeks so unless they got satellite dish set up, no private internet connection for me

:(
Attachments
worst looking trade 4.png
worst looking trade 4.png (54.22 KiB) Viewed 1913 times
worst looking trade 3.png
worst looking trade 3.png (54.07 KiB) Viewed 1913 times
worst looking trade 2.png
worst looking trade 2.png (57.32 KiB) Viewed 1913 times
worst looking trade 1.png
worst looking trade 1.png (62.32 KiB) Viewed 1913 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
newschool
rank: 150+ posts
rank: 150+ posts
Posts: 489
Joined: Fri Aug 21, 2009 2:26 am
Reputation: 0
Gender: Male

Postby newschool » Sat Oct 02, 2010 6:56 pm

Did you try with a small trailing instead of a TP.

User avatar
The_Snowman
rank: 50+ posts
rank: 50+ posts
Posts: 82
Joined: Sun Oct 12, 2008 8:49 am
Reputation: 0
Location: In the desert
Gender: Male

Postby The_Snowman » Sun Oct 03, 2010 2:16 am

newschool wrote:Did you try with a small trailing instead of a TP.


No, haven't been playing it with it for long enough to do that, but as it is primarily a SCALPING technique off a price reversal level, I doubt that it would work............. unless, as I will be doing in the future, look at the bigger picture to identify the retracement to the major trends and catching it near the reversal point.

And to go along with that plan would be to enter more small positions on further retracements once the reversal is identified by lower highs and lower lows (opposite for down trends)

Heading to the airport in a few hours, have a good time trading, while I am slaving away

User avatar
The_Snowman
rank: 50+ posts
rank: 50+ posts
Posts: 82
Joined: Sun Oct 12, 2008 8:49 am
Reputation: 0
Location: In the desert
Gender: Male

Postby The_Snowman » Sun Oct 03, 2010 3:18 pm

newschool wrote:Did you try with a small trailing instead of a TP.


Been thinking while flying, what are your suggestions on what to use as trailing stops?

The trades were made using 2 pip Profit Target and 20 pip Stop Loss, so - when to go to break even? 5 pips would be minimum When to go to trailing stop loss?

IF all those trades made it to 5 pips, and I made that the Profit Target, the bottom line would improve by 150%

See what I'm getting at, even to increase to 3 pips give 50% more profit, 4 pips, 100%

The profit is in the exit, it is a scalping technique.

I may have trading access this week after, so will continue with the DEMO 8)

User avatar
adaseb
rank: 500+ posts
rank: 500+ posts
Posts: 871
Joined: Fri Aug 21, 2009 5:20 am
Reputation: 0
Gender: None specified

Postby adaseb » Sun Oct 03, 2010 10:36 pm

This is not a bad method but you need to factor in how emotionally draining it can be to trade all day to get 20 pips and then lose it entirely in one trade.

Sure you can trade at $10-20/pip and make some good money with your 20 pips. But imagine starting the day off with a loser, then another loser.

Scalping is more like, risking 2 pips to make 20 pips.

User avatar
tmanbone
rank: 500+ posts
rank: 500+ posts
Posts: 723
Joined: Sun Nov 15, 2009 3:52 am
Reputation: 0
Gender: Male

Postby tmanbone » Mon Oct 04, 2010 4:51 am

Thanks for the myfxconsole heads up. I appreciate it.
"The simplicity of the markets is it's greatest disguise"

T

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”