Page 36 of 37

Re: DRAIN THE BANKS

PostPosted: Tue Jul 10, 2012 9:18 am
by TheRumpledOne
2012.07.10 DAILY RAT REPORT

Image

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.

Re: DRAIN THE BANKS

PostPosted: Fri Jul 13, 2012 4:44 pm
by TheRumpledOne
Image

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.

Re: DRAIN THE BANKS

PostPosted: Wed Jul 18, 2012 11:48 am
by TheRumpledOne
Image

Some people understand better in English than in pictures, charts, tables, etc...

Re: DRAIN THE BANKS

PostPosted: Mon Jul 23, 2012 3:49 pm
by TheRumpledOne
WHAT IF YOU WERE COLORBLIND...

Image

Could you trade?

Image

Does that help you see when PRICE TURNS?

Re: DRAIN THE BANKS

PostPosted: Fri Aug 10, 2012 4:06 pm
by TheRumpledOne
Video on Price Turn Multi Meter

http://youtu.be/i7EoODYeaSc

Re: DRAIN THE BANKS

PostPosted: Thu Aug 16, 2012 11:26 pm
by TheRumpledOne
Image

Price turns and horizontal lines - video below

http://youtu.be/py0IMjd8nII

Re: DRAIN THE BANKS

PostPosted: Wed Aug 29, 2012 10:20 am
by TheRumpledOne
How to understand and use frequency distribution in your trading.

http://youtu.be/0YlTX1W3Y9k


=============================================

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

Re: DRAIN THE BANKS

PostPosted: Tue Sep 04, 2012 6:33 pm
by TheRumpledOne
Image

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.

Re: DRAIN THE BANKS

PostPosted: Tue Sep 18, 2012 6:51 pm
by TheRumpledOne
A must read!! THINKING FAST AND SLOW by Daniel Kahneman

http://youtu.be/jKl21h3D9Zw

Re: DRAIN THE BANKS

PostPosted: Thu Oct 04, 2012 3:41 pm
by TheRumpledOne
THINKING FAST AND SLOW - Another must read book...

http://youtu.be/_XQM5hl_LF8