2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Dec 12, 2016 3:22 pm

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

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Tue Dec 13, 2016 4:23 pm

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



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby waynehenderson36 » Tue Dec 13, 2016 4:26 pm

Hi Tro,
SL is 10 pips but what if the green candle you are trading the high of is only 5 pips high? Would your stop just be below this small candle or would you keep it at 10 pips? Thanks

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Tue Dec 13, 2016 4:31 pm

waynehenderson36 wrote:Hi Tro,
SL is 10 pips but what if the green candle you are trading the high of is only 5 pips high? Would your stop just be below this small candle or would you keep it at 10 pips? Thanks


POSITION SIZE = RISK / STOP LOSS.


The 10 pip SL was put there ONLY to satisfy all those naysayers who were screaming for and demanding a SL.

The SL should be a few pips above the current daily high or a few pips below the current daily low. Adjust position size accordingly. That way each trade has the same risk.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby waynehenderson36 » Tue Dec 13, 2016 4:37 pm

Ok great thanks!

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Wed Dec 14, 2016 7:26 pm

EURUSDM15.png
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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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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Thu Dec 15, 2016 7:45 pm

EURUSDM15.png
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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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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Fri Dec 16, 2016 5:44 pm

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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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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Tue Dec 27, 2016 8:17 pm

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



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby waynehenderson36 » Wed Dec 28, 2016 11:35 am

What does the black line show?

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