DRAIN THE BANKS

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Re: DRAIN THE BANKS

Postby TheRumpledOne » Mon Jul 09, 2012 1:20 pm

thinkoutsidethebox wrote:Hey TRO, I googled your indicators and I couldn't find them. Please help.


I can't post that information. It would violate forum rules. Keep searching.
TheRumpledOne
 
Posts: 356
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Tue Jul 10, 2012 9:18 am

2012.07.10 DAILY RAT REPORT

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GREEN RAT REVERSAL setup on the AUDUSD at/near the weekly open.

Yesterday's daily flipped from RED to GREEN and closed green. Today's daily candle, tested yesterday's low and reversed triggering a green rat entry.

For those of you who think I post trades AFTER THE FACT, let's set the record straight, the entry rules have been posted many, many times:

GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. .

RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT.

You know the entry criteria IN ADVANCE so you can participate in the trade if you choose. I have changed the entry slightly because I am not online 24/7. Instead of the high/low entry trigger, I enter at/near the weekly open.

Remember, STOP LOSS is a function of RISK and POSITION SIZE:

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = RISK / POSITION SIZE.

As a trader, you determine your comfortable risk and the position size you are comfortable trading. Then you calculate your stop loss.

"I am not forcing you to accept my concepts. I only request the traders to review the market from time to time keeping in mind my concepts and if found suitable use in the trades or just ignore. Thanks for your opinion."

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
TheRumpledOne
 
Posts: 356
Joined: Thu Sep 03, 2009 10:48 am

Re: DRAIN THE BANKS

Postby TheRumpledOne » Fri Jul 13, 2012 4:44 pm

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I have been working on the PRICE TURN indicators.

Price "turns" when the candle color of the current candle is not the same as the previous candle's color. You look for price to cross over the previous candle's open to confirm the turn has been made.

For those who trade trend reversals and/or pull backs, this helps to spot entries.

I made a YouTube video that explains price turn.
TheRumpledOne
 
Posts: 356
Joined: Thu Sep 03, 2009 10:48 am

Re: DRAIN THE BANKS

Postby TheRumpledOne » Wed Jul 18, 2012 11:48 am

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Some people understand better in English than in pictures, charts, tables, etc...
TheRumpledOne
 
Posts: 356
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Mon Jul 23, 2012 3:49 pm

WHAT IF YOU WERE COLORBLIND...

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Could you trade?

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Does that help you see when PRICE TURNS?
TheRumpledOne
 
Posts: 356
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Fri Aug 10, 2012 4:06 pm

Video on Price Turn Multi Meter

http://youtu.be/i7EoODYeaSc
TheRumpledOne
 
Posts: 356
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Thu Aug 16, 2012 11:26 pm

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Price turns and horizontal lines - video below

http://youtu.be/py0IMjd8nII
TheRumpledOne
 
Posts: 356
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Wed Aug 29, 2012 10:20 am

How to understand and use frequency distribution in your trading.

http://youtu.be/0YlTX1W3Y9k


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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
TheRumpledOne
 
Posts: 356
Joined: Thu Sep 03, 2009 10:48 am

Re: DRAIN THE BANKS

Postby TheRumpledOne » Tue Sep 04, 2012 6:33 pm

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PRICE TURN...
It should be obvious to the reader that once price turns, there is a statistically higher chance that price will continue in the same direction.
TheRumpledOne
 
Posts: 356
Joined: Thu Sep 03, 2009 10:48 am

Re: DRAIN THE BANKS

Postby TheRumpledOne » Tue Sep 18, 2012 6:51 pm

A must read!! THINKING FAST AND SLOW by Daniel Kahneman

http://youtu.be/jKl21h3D9Zw
TheRumpledOne
 
Posts: 356
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