DRAIN THE BANKS!! - TheRumpledOne [Archive] - OnlineTradersForum.com

TheRumpledOne

01-26-2010, 07:41 AM

http://i49.tinypic.com/24gvadu.gif

Quote from TheRumpledOne:

Remember what H. Rearden said:

Now, 2 patterns of market behaviour 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)

<-------------------------------------------------------------------->

If price is NOT making a new high then it must be reversing from the high.

If price is NOT making a new low then it must be reversing from the low.

<-------------------------------------------------------------------->

"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

<-------------------------------------------------------------------->

DRAIN THE BANKS - LIKE A RAT

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

<-------------------------------------------------------------------->

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

<-------------------------------------------------------------------->

GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.

RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.

<-------------------------------------------------------------------->

That should answer any questions that have to do with trading this method.

TheRumpledOne

01-26-2010, 08:19 AM

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OPPORTUNITY...

TheRumpledOne

01-26-2010, 09:17 AM

http://i47.tinypic.com/330yd50.gif

RESULTS.

TheRumpledOne

01-26-2010, 09:27 AM

http://i46.tinypic.com/2uog95t.gif

RESULTS.

TheRumpledOne

01-26-2010, 10:07 AM

http://i49.tinypic.com/154dr1s.gif

OPPORTUNITY...

TheRumpledOne

01-26-2010, 12:33 PM

http://i46.tinypic.com/2qd1kjt.gif

RESULT.

TheRumpledOne

01-26-2010, 12:33 PM

http://i45.tinypic.com/309rmnn.gif

RESULT.

TheRumpledOne

01-27-2010, 08:08 AM

http://i49.tinypic.com/t6ow2r.gif

OPPORTUNITY...

TheRumpledOne

01-27-2010, 08:26 AM

http://i50.tinypic.com/ymdjt.gif

RESULTS.

WolfPickle

01-27-2010, 07:04 PM

Can this be explained to new traders?

Or is this for the very experienced only?

Thank you Mr. Rumple Done

TheRumpledOne

01-28-2010, 06:59 AM

http://i48.tinypic.com/neg7e8.gif

WAITING FOR OPPORTUNITY...

WolfPickle

01-28-2010, 07:03 AM

EDIT:

I see it!!

Brilliant!

Where can I find this programming?

TheRumpledOne

01-28-2010, 09:11 AM

http://i48.tinypic.com/21e9h3.gif

OPPORTUNITY...

WolfPickle

01-28-2010, 09:35 AM

you are an animal my friend!!! Simply irresistable!

$$$$$$$$$$$$$$$$$$$$

TheRumpledOne

01-28-2010, 09:37 AM

http://i50.tinypic.com/vzc2h5.gif

RESULTS.

TheRumpledOne

01-28-2010, 09:47 AM

http://i48.tinypic.com/2cxjknp.gif

OPPORTUNITY...

TheRumpledOne

01-28-2010, 10:18 AM

http://i50.tinypic.com/24dkhev.gif

RESULTS.

How many times do you have to see something to believe it?

I show you the OPPORTUNITY when it is there. All charts timestamped.

I have posted the entry rules.

I post the results.

What else is there?

TheRumpledOne

01-28-2010, 10:48 AM

http://i45.tinypic.com/107j0x4.gif

http://i47.tinypic.com/30xhn5v.gif

SUCCESS LEAVES CLUES.

WolfPickle

01-28-2010, 04:24 PM

TheRumpledOne

01-29-2010, 07:03 AM

http://i45.tinypic.com/2eeztpc.gif

DRAIN THE BANKS - LIKE A RAT

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

Let's clear things up:

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 daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

TheRumpledOne

01-29-2010, 09:37 AM

http://i47.tinypic.com/2a9zi82.gif

RESULT.

ArkhamB

01-29-2010, 07:23 PM

Hey Mr. Wolf...apparently this clothesfromthebottomofthehamper guy doesn't answer questions. Maybe he has everyone on ignore.

I don't understand posting in a forum with a megaphone, while at the same time wearing earplugs and a blindfold....

TheRumpledOne

02-01-2010, 03:17 PM

http://i50.tinypic.com/2dqp88.gif

Here's your "heads up" to the 2010 Pirate Gathering. You have plenty of time to DRAIN THE BANKS to pay for the trip. Michal Kreslik and yours truly will be there. Stay tuned for more details.

TheRumpledOne

02-01-2010, 03:21 PM

EDIT:

I see it!!

Brilliant!

Where can I find this programming?

Use your favorite search engine to find where I post my FREE MT4 INDICATORS.

TheRumpledOne

02-01-2010, 03:21 PM

TheRumpledOne

02-01-2010, 03:23 PM

Mr. Rumpledone, what are your thoughts on number of lots to trade this since there is a very small stop loss of 10 pips?

Can I ask if YOU are personally trading?

Is there a place I can go to get the coding for this?

What kind of platform do I need to run what you are running.

I need to know because if I use this everyday, I will need to get the signals in case you get sick and not be able to post them for me.

Thank you very much in advance!

Your friend, TheAlphaPickle

Yes, I trade just about every day.

Yes, you can find the code where I post my FREE MT4 INDICATORS.

You don't even need the indicators. You can SEE when price is within 20 pips of the daily high or daily low. You have the entry rules.

ArkhamB

02-01-2010, 05:26 PM

I don't understand people like you who do not make positive contributions.

LOL...I was trying to goad you into responding to Wolfpickle. Seemed like you were just ignoring him.

TheRumpledOne

02-02-2010, 07:55 AM

http://i46.tinypic.com/5k59pc.gif

OPPORTUNITY...

TheRumpledOne

02-02-2010, 09:31 AM

http://i46.tinypic.com/j5y3ht.gif

RESULTS.

TheRumpledOne

02-02-2010, 11:10 AM

http://i46.tinypic.com/mii2iv.gif

Remember what H. Rearden said:

Now, 2 patterns of market behaviour 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)

TheRumpledOne

02-03-2010, 06:14 AM

http://i50.tinypic.com/27zjmea.gif

OPPORTUNITY...

TheRumpledOne

02-03-2010, 09:00 AM

http://i48.tinypic.com/ifzpna.gif

RESULTS.

Do you like this chart better than the other one?

TheRumpledOne

02-04-2010, 02:26 PM

http://i49.tinypic.com/2l95hz6.gif

ClOp is Close - Open or how far up/down is the price from the open right now.

HiOp is High - Open or how far UP did price move away from the open today.

OpLo is Open - Low or how far DOWN did price move away from the open today.

Today is one for the record books.

TheRumpledOne

02-05-2010, 09:08 AM

http://i50.tinypic.com/b547qd.gif

OPPORTUNITY...

TheRumpledOne

02-05-2010, 09:26 AM

http://i47.tinypic.com/slr7k7.gif

In this case, the M5 candle was green at low + 20. The GREEN RAT BUS was leaving the station.

TheRumpledOne

02-09-2010, 06:39 AM

http://i50.tinypic.com/2jdp6wg.gif

OPPORTUNITY...

TheRumpledOne

02-09-2010, 07:57 AM

http://i50.tinypic.com/jsn52q.gif

RESULT

TheRumpledOne

02-09-2010, 08:13 AM

http://i46.tinypic.com/20ztct3.gif

RESULT.

TheRumpledOne

02-09-2010, 08:44 AM

http://i46.tinypic.com/122nog3.gif

ENCORE PERFORMANCE.

TheRumpledOne

02-09-2010, 09:33 AM

http://i45.tinypic.com/35bz2gp.gif

And again...

TheRumpledOne

02-10-2010, 06:44 AM

http://i50.tinypic.com/ipunnq.gif

OPPORTUNITY...

TheRumpledOne

02-10-2010, 08:07 AM

http://i46.tinypic.com/rsam15.gif

RESULT.

TheRumpledOne

02-11-2010, 09:08 AM

http://i47.tinypic.com/ir8gn5.gif

OPPORTUNITY...

TheRumpledOne

02-11-2010, 01:30 PM

http://i47.tinypic.com/dvj7sp.gif

RESULT.

TheRumpledOne

02-12-2010, 08:41 AM

http://i46.tinypic.com/1tx72r.gif

OPPORTUNITY...

TheRumpledOne

02-12-2010, 09:43 AM

http://i47.tinypic.com/20qkvbq.gif

Results.

TheRumpledOne

02-17-2010, 06:27 AM

http://i49.tinypic.com/2vljy2e.gif

Opportunity....

Let's clear things up:

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 daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

TheRumpledOne

02-17-2010, 07:23 AM

http://i46.tinypic.com/2ebg9zs.gif

RESULTS.

GREEN RAT REVERSAL - LONG ENTRY CRITERIA:
1) RED CANDLE CLOSES
2) GREEN CANDLE CLOSES
3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.

TheRumpledOne

02-18-2010, 07:53 AM

http://i47.tinypic.com/el8dn8.gif

OPPORTUNITY...

TheRumpledOne

02-18-2010, 08:03 AM

http://i46.tinypic.com/ztcizq.gif

RESULTS.

TheRumpledOne

02-23-2010, 08:14 AM

http://i48.tinypic.com/2nsqr00.jpg

OPPORTUNITY...

TheRumpledOne

02-23-2010, 08:52 AM

http://i48.tinypic.com/2nsqr00.jpg

RESULTS.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

02-24-2010, 08:02 AM

http://i47.tinypic.com/ws49vq.gif

OPPORTUNITY...

TheRumpledOne

02-24-2010, 08:36 AM

http://i49.tinypic.com/1197bd2.gif

The first 2 green rat reversals were losing entries.

Do you see a reason not to enter those trades?

Hints: There are at least 2 reasons. Use your eyes to see - do not think about it.

TheRumpledOne

02-24-2010, 08:55 AM

http://i49.tinypic.com/mlshu1.gif

RESULTS.

Reversals come in one of two flavors, "V" shaped or "U" shaped. This was a "U" shaped.

pallavi

02-25-2010, 04:07 AM

Can this be explained to new traders?

Or is this for the very experienced only?

Thank you Mr. Rumple Done

Indeed it is for the Professionals, newbies will have to learn reading these charts!

Nice work....!!!

TheRumpledOne

02-25-2010, 07:21 AM

http://i47.tinypic.com/2cegcva.gif

OPPORTUNITY...

TheRumpledOne

02-25-2010, 08:18 AM

http://i48.tinypic.com/264109j.gif

RESULTS.

TheRumpledOne

02-26-2010, 08:32 AM

http://i50.tinypic.com/2e680uw.gif

OPPORTUNITY...

TheRumpledOne

02-26-2010, 09:09 AM

http://i50.tinypic.com/2e680uw.gif

OPPORTUNITY...

TheRumpledOne

02-26-2010, 09:09 AM

http://i50.tinypic.com/28bbg9l.gif

RESULTS.

TheRumpledOne

02-26-2010, 09:33 AM

http://i48.tinypic.com/2d6mctc.gif

MORE RESULTS.

TheRumpledOne

03-01-2010, 06:28 AM

http://i46.tinypic.com/10ogu9c.gif

OPPORTUNITY...

TheRumpledOne

03-01-2010, 06:44 AM

http://i47.tinypic.com/kbww9i.gif

RESULTS.

TheRumpledOne

03-03-2010, 07:35 AM

http://i46.tinypic.com/w9jgn9.gif

OPPORTUNITY...

TheRumpledOne

03-03-2010, 01:48 PM

http://i49.tinypic.com/292l4kn.gif

RESULTS.

TheRumpledOne

03-04-2010, 10:50 AM

http://i45.tinypic.com/raw293.gif

OPPORTUNITY...

TheRumpledOne

03-04-2010, 11:27 AM

http://i46.tinypic.com/fktd86.gif

RESULT.

TheRumpledOne

03-09-2010, 07:20 AM

http://i46.tinypic.com/106zea1.gif

OPPORTUNITY... ClLo < 20

Let's clear things up:

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 daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

TheRumpledOne

03-09-2010, 08:00 AM

http://i49.tinypic.com/6s4dtx.gif

RESULT.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

03-10-2010, 05:23 AM

http://i43.tinypic.com/ab4hva.gif

OPPORTUNITY... ClLo < 20...

Let's clear things up:

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 daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

TheRumpledOne

03-10-2010, 05:36 AM

http://i41.tinypic.com/302qbzd.gif

RESULT.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

03-11-2010, 07:02 AM

http://i39.tinypic.com/2pq5o4y.gif

OPPORTUNITY... ClLo < 20

Let's clear things up:

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 daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

TheRumpledOne

03-11-2010, 07:12 AM

http://i44.tinypic.com/k49uaa.gif

RESULT.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

03-12-2010, 06:11 AM

http://i39.tinypic.com/21l4dv9.gif

OPPORTUNITY... ClLo < 20

Let's clear things up:

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 daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

TheRumpledOne

03-12-2010, 07:08 AM

http://i44.tinypic.com/359fqki.gif

RESULT.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

03-16-2010, 07:13 AM

http://i44.tinypic.com/t5k5zn.gif

Default

OPPORTUNITY... ClLo < 20

Let's clear things up:

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 daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

TheRumpledOne

03-16-2010, 10:24 AM

http://i39.tinypic.com/155sbbl.gif

RESULT.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

03-17-2010, 07:08 AM

http://i39.tinypic.com/oh4h2c.gif

OPPORTUNITY... ClLo < 20

TheRumpledOne

03-17-2010, 07:39 AM

http://i39.tinypic.com/2dwgbno.gif

OPPORTUNITY... ClLo < 20

TheRumpledOne

03-17-2010, 09:30 AM

http://i41.tinypic.com/300vhc6.gif

RESULT.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

03-18-2010, 10:30 AM

http://i42.tinypic.com/21alw8.gif

OPPORTUNITY... ClLo < 20

TheRumpledOne

03-18-2010, 11:05 AM

http://i42.tinypic.com/2v9ys6r.gif

RESULT.

TheRumpledOne

03-19-2010, 07:22 AM

http://i41.tinypic.com/wkgxg6.gif

OPPORTUNITY... ClLo < 20

TheRumpledOne

03-19-2010, 08:06 AM

http://i43.tinypic.com/igcdtv.gif

RESULT.

TheRumpledOne

03-23-2010, 06:15 AM

http://i39.tinypic.com/2056nbr.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.

RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.

TheRumpledOne

03-23-2010, 07:26 AM

http://i44.tinypic.com/vq4qro.gif

RESULTS.

GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.

TheRumpledOne

03-24-2010, 07:44 AM

http://i43.tinypic.com/jk7o6q.gif

OPPORTUNITY... ClLo < 20

TheRumpledOne

03-24-2010, 08:13 AM

http://i43.tinypic.com/2igd8nk.gif

RESULTS.

GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.

TheRumpledOne

03-25-2010, 01:00 PM

http://i40.tinypic.com/9u9owj.gif

OPPORTUNITY

TheRumpledOne

03-25-2010, 02:23 PM

http://i43.tinypic.com/10f3jx3.gif

RESULTS.

TheRumpledOne

03-30-2010, 06:31 AM

http://i43.tinypic.com/5xkjg4.gif

OPPORTUNITY...

TheRumpledOne

03-30-2010, 09:40 AM

http://i41.tinypic.com/21lvbj6.gif

RESULTS.

pallavi

03-31-2010, 04:35 AM

I must say the results are really amazing man!

TheRumpledOne

03-31-2010, 07:08 AM

http://i43.tinypic.com/i43dqc.gif

OPPORTUNITY...

TheRumpledOne

03-31-2010, 07:43 AM

http://i43.tinypic.com/w9ywbn.gif

http://i40.tinypic.com/16c8c5h.gif

RESULTS.

TheRumpledOne

04-01-2010, 08:01 AM

http://i43.tinypic.com/2cmusrp.gif

OPPORTUNITY...

TheRumpledOne

04-01-2010, 10:58 AM

http://i44.tinypic.com/t6e0w7.gif

RESULT.

Remember the entry is within 20 pips of the daily low.

TheRumpledOne

04-01-2010, 11:36 AM

http://i43.tinypic.com/15347xz.gif

RESULT.

TheRumpledOne

04-02-2010, 08:08 AM

http://i42.tinypic.com/2qxvztk.jpg

OPPORTUNITY...

Novice_trader

04-02-2010, 10:13 AM

Thanks. This is a little unrelated but I still use your stockfetcher TRO, RFR, and Combo scan. Your amazing. Have a great easter!

TheRumpledOne

04-02-2010, 02:13 PM

http://i39.tinypic.com/347h43n.gif

RESULTS.

TheRumpledOne

04-06-2010, 08:34 AM

http://i43.tinypic.com/qswkm9.gif

OPPORTUNITY...

TheRumpledOne

04-06-2010, 01:45 PM

http://i39.tinypic.com/2n19st3.gif

RESULTS.

TheRumpledOne

04-07-2010, 06:58 AM

http://i41.tinypic.com/12173x2.gif

OPPORTUNITY...

TheRumpledOne

04-07-2010, 07:37 AM

http://i44.tinypic.com/2uegrjc.gif

RESULTS.

TheRumpledOne

04-07-2010, 07:56 AM

http://i40.tinypic.com/t68my8.gif

RESULTS.

TheRumpledOne

04-08-2010, 10:45 AM

http://i43.tinypic.com/104gl0w.gif

OPPORTUNITY...

TheRumpledOne

04-08-2010, 03:42 PM

http://i44.tinypic.com/t83x8p.gif

http://i44.tinypic.com/jl32uu.gif

RESULTS.

TheRumpledOne

04-09-2010, 08:56 AM

http://i41.tinypic.com/nm0zyw.gif

OPPORTUNITY...

TheRumpledOne

04-09-2010, 09:31 AM

http://i43.tinypic.com/mi1g5s.gif

RESULTS.

TheRumpledOne

04-12-2010, 09:05 AM

http://i42.tinypic.com/becysk.gif

Don't let the rat beat you.

"Unless you experience the unpleasant symptoms of being wrong, your brain will never revise its models. Before your neurons can succeed, they must repeatedly fail. There are no shortcuts for this painstaking process."

Pg 54 - HOW WE DECIDE

"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."

Pg 64 - HOW WE DECIDE

"Think about the stock market, which is a classic example of a "random walk," since the past movement of any particular stock cannot be used to predict its future movement. The inherent randomness of the market was first proposed by the economist Eugene Fama, in the early 1960's. Fama looked at decades of stock market data in order to prove that no amount of knowledge or rational analysis could help you figure out what would happen next. All of the esoteric tools used by investors to make sense of the market were pure nonsense. Wall Street was like a slot machine."

Pg 67 - HOW WE DECIDE

TRADING IS SIMPLE:

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.

RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.

Price within 20 pips of the daily low (ClLo < 20) or daily high (HiCl < 20 ) - that is OPPORTUNITY

TheRumpledOne

04-12-2010, 09:33 AM

http://i42.tinypic.com/15xqsjr.gif

RESULTS.

TheRumpledOne

04-13-2010, 07:10 AM

http://i39.tinypic.com/jh31i9.gif

Price within 20 pips of the daily low (ClLo < 20) or daily high (HiCl < 20 ) - that is OPPORTUNITY

TheRumpledOne

04-13-2010, 08:36 AM

http://i41.tinypic.com/14t4pzk.gif

RESULTS.

TheRumpledOne

04-14-2010, 07:38 AM

http://i41.tinypic.com/b3keft.gif

Price within 20 pips of the daily low (ClLo < 20) or daily high (HiCl < 20 ) - that is OPPORTUNITY

TheRumpledOne

04-14-2010, 07:57 AM

http://i41.tinypic.com/21eqd5z.gif

http://i44.tinypic.com/kf0dbm.gif

RESULTS.

TheRumpledOne

04-20-2010, 09:23 AM

http://i42.tinypic.com/25ai1wg.gif

Price within 20 pips of the daily low (ClLo < 20) or daily high (HiCl < 20 ) - that is OPPORTUNITY

TheRumpledOne

04-20-2010, 09:50 AM

http://i40.tinypic.com/wbw41u.gif

RESULTS.

TheRumpledOne

04-27-2010, 07:47 AM

http://i39.tinypic.com/hueru9.gif

Price within 20 pips of the daily low (ClLo < 20) or daily high (HiCl < 20 ) - that is OPPORTUNITY

TheRumpledOne

04-27-2010, 08:44 AM

http://i41.tinypic.com/243hwqt.gif

RESULTS

TheRumpledOne

04-28-2010, 07:13 AM

http://i44.tinypic.com/wrdf95.gif

Price within 20 pips of the daily low (ClLo < 20) or daily high (HiCl < 20 ) - that is OPPORTUNITY

TheRumpledOne

04-28-2010, 08:20 AM

http://i41.tinypic.com/9qfhqe.gif

RESULTS.

TheRumpledOne

04-29-2010, 06:16 AM

http://i40.tinypic.com/289vatc.gif

OPPORTUNITY...

TheRumpledOne

04-29-2010, 07:11 AM

http://i39.tinypic.com/24mzytj.gif

RESULTS.

TheRumpledOne

04-30-2010, 07:19 AM

http://i43.tinypic.com/k4fb11.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

TheRumpledOne

04-30-2010, 07:38 AM

http://i44.tinypic.com/5pn23k.gif

RESULTS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

05-03-2010, 09:39 AM

http://i43.tinypic.com/53psog.gif

DRAIN THE BANKS - LIKE A RAT

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.

RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.

TheRumpledOne

05-03-2010, 03:52 PM

http://i40.tinypic.com/6gfpxs.gif

RESULTS.

TheRumpledOne

05-04-2010, 07:58 AM

http://i42.tinypic.com/2i71oyh.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

05-04-2010, 10:55 AM

http://i42.tinypic.com/1znybea.gif

RESULTS.

TheRumpledOne

05-05-2010, 07:31 AM

http://i39.tinypic.com/nqqxcy.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

05-05-2010, 08:25 AM

http://i42.tinypic.com/r7olz4.gif

RESULTS.

Note: The size of the daily bottom wick is usually greater than 20 pips. That is the reason you enter within 20 pips of the daily low.

TheRumpledOne

05-06-2010, 08:23 AM

http://i44.tinypic.com/e7cryh.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

05-06-2010, 08:36 AM

http://i43.tinypic.com/21b5gdu.gif

RESULTS.

TheRumpledOne

05-26-2010, 07:08 AM

http://i49.tinypic.com/5vxjf4.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

05-26-2010, 07:26 AM

http://i47.tinypic.com/30wqagw.gif

RESULTS.

TheRumpledOne

05-27-2010, 10:58 AM

http://i47.tinypic.com/ztc6l4.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

05-27-2010, 11:17 AM

http://i47.tinypic.com/2cgbvm.gif

Price was leaving the daily low + 20 area, no need to wait any longer.

TheRumpledOne

05-31-2010, 08:30 AM

http://i46.tinypic.com/2ibkr2b.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

05-31-2010, 08:53 AM

http://i46.tinypic.com/2z4a4ok.gif

Results.

TheRumpledOne

06-01-2010, 08:11 AM

http://i48.tinypic.com/2iuerer.gif

1) price within 20 pips of the daily high - that is OPPORTUNITY

RED RAT REVERSAL - SHORT ENTRY CRITERIA:

1) GREEN CANDLE CLOSES

2) RED CANDLE CLOSES

3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT.

STOP LOSS IS ALWAYS 10 PIPS.

TheRumpledOne

06-01-2010, 10:02 AM

http://i46.tinypic.com/2rhy076.gif

Price left the 20 pip rat zone before the rat reversal trigger... did you catch it?

TheRumpledOne

06-02-2010, 08:16 AM

http://i50.tinypic.com/alm2wx.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-02-2010, 08:34 AM

http://i47.tinypic.com/2chngxk.gif

Did you get in BEFORE price left the RAT ZONE?

Remember, TRADE WHAT YOU SEE...

If you SEE price reversing, then price IS reversing!

TheRumpledOne

06-03-2010, 08:11 AM

http://i50.tinypic.com/dlm7ex.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-03-2010, 09:37 AM

http://i46.tinypic.com/1z4buo2.gif

RESULTS.

TheRumpledOne

06-07-2010, 09:16 AM

http://i49.tinypic.com/5znvqg.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-07-2010, 09:49 AM

http://i49.tinypic.com/rkvgie.gif

RESULTS.

An entry within 20 pips of the daily low, provided an opportunity to make 10 pips or more.

TheRumpledOne

06-08-2010, 09:49 AM

http://i48.tinypic.com/2zokcj4.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-08-2010, 10:00 AM

http://i50.tinypic.com/t7czfs.gif

RESULTS.

TheRumpledOne

06-09-2010, 07:09 AM

http://i47.tinypic.com/f1gsxk.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-09-2010, 09:14 AM

http://i46.tinypic.com/2h8bjpc.gif

RESULTS.

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 daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.

RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.

TheRumpledOne

06-10-2010, 07:21 AM

http://i48.tinypic.com/2afk2th.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-10-2010, 07:50 AM

http://i48.tinypic.com/b7ndjk.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

06-11-2010, 10:12 AM

http://i49.tinypic.com/sq6wr4.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-11-2010, 11:20 AM

http://i45.tinypic.com/mcgfat.gif

RESULTS.

“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

TheRumpledOne

06-14-2010, 08:22 AM

http://i49.tinypic.com/18i1sg.gif

“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 daily low - that is OPPORTUNITY

TheRumpledOne

06-14-2010, 10:43 AM

http://i45.tinypic.com/33afioj.gif

RESULTS.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

06-15-2010, 07:35 AM

http://i48.tinypic.com/16ks7pl.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-15-2010, 08:44 AM

http://i46.tinypic.com/552jjn.gif

RESULTS.

Not every trade is a winner. The entry prior to the big run was a losing trade. By sticking with the method and taking the next entry, the loss was recovered and then some.

TheRumpledOne

06-16-2010, 07:11 AM

http://i49.tinypic.com/rb9mzc.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-16-2010, 07:57 AM

http://i45.tinypic.com/wt7y93.gif

RESULTS.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

06-17-2010, 06:33 AM

http://i45.tinypic.com/315nbis.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-17-2010, 08:02 AM

http://i50.tinypic.com/2n6z29f.gif

RESULTS.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

06-18-2010, 07:56 AM

http://i48.tinypic.com/mhwqvt.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

“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

TheRumpledOne

06-18-2010, 09:04 AM

http://i45.tinypic.com/fdsls9.gif

RESULTS.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

06-22-2010, 06:18 AM

http://i50.tinypic.com/nl7eb5.gif

“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 daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

06-22-2010, 06:43 AM

http://i45.tinypic.com/243q2z7.gif

RESULTS.

TheRumpledOne

06-23-2010, 08:40 AM

http://i48.tinypic.com/157kf1j.gif

“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 daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

TheRumpledOne

06-23-2010, 09:18 AM

http://i47.tinypic.com/1tq9vq.gif

RESULTS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

06-24-2010, 07:02 AM

http://i45.tinypic.com/10mpzmb.gif

"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 daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

TheRumpledOne

06-24-2010, 07:34 AM

http://i48.tinypic.com/25ake1c.gif

RESULTS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

06-25-2010, 07:04 AM

http://i50.tinypic.com/ifu7ir.gif

OPPORTUNITY

TheRumpledOne

06-25-2010, 07:38 AM

http://i46.tinypic.com/fk3061.gif

YOUR HOMEWORK...

Study this chart and find the entries.

TheRumpledOne

06-25-2010, 09:54 AM

http://i45.tinypic.com/w6v50o.gif

RESULTS.

TheRumpledOne

06-28-2010, 06:11 AM

http://i46.tinypic.com/6sh1f9.gif

"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 daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

TheRumpledOne

06-28-2010, 06:36 AM

http://i50.tinypic.com/726qaf.gif

RESULTS.

TheRumpledOne

06-29-2010, 06:35 AM

http://i45.tinypic.com/10s5hzl.gif

"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 daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

TheRumpledOne

06-29-2010, 07:10 AM

http://i45.tinypic.com/194f3d.gif

RESULTS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

06-30-2010, 07:33 AM

http://i46.tinypic.com/21ybt4.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

06-30-2010, 08:48 AM

http://i45.tinypic.com/33xa4qu.gif

RESULTS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

07-01-2010, 07:31 AM

http://i46.tinypic.com/2e5taat.gif

1) price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

07-01-2010, 08:11 AM

http://i45.tinypic.com/n4zgxz.gif

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

TheRumpledOne

07-02-2010, 08:34 AM

DRAIN THE BANKS - LIKE A RAT

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Ggreen candle closes - note the high price of the green candle.

4) Eenter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

After getting many, many (Yale student type) questions, I have added rule #7.

TheRumpledOne

07-07-2010, 08:38 AM

http://i46.tinypic.com/30bflnc.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

07-07-2010, 10:48 AM

http://i46.tinypic.com/2vjd6rq.gif

RESULTS.

TheRumpledOne

07-19-2010, 08:16 AM

http://i25.tinypic.com/2j5m1j5.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

07-19-2010, 10:25 AM

http://i29.tinypic.com/30sg9ld.gif

RESULTS

TheRumpledOne

07-20-2010, 06:29 AM

http://i25.tinypic.com/14ahjjn.gif

"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

TheRumpledOne

07-20-2010, 07:42 AM

http://i31.tinypic.com/wks9ht.gif

RESULTS

TheRumpledOne

07-21-2010, 08:50 AM

http://i31.tinypic.com/51ptw7.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

07-21-2010, 09:20 AM

http://i25.tinypic.com/2055vl1.gif

RESULTS.

"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

TheRumpledOne

07-22-2010, 08:50 AM

http://i31.tinypic.com/116md8m.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

07-22-2010, 09:34 AM

http://i27.tinypic.com/4j9tvc.gif

Entry at low + 20 pips ( 1.0392 ), gave an opportunity to make 10 quick pips.

TheRumpledOne

07-22-2010, 12:53 PM

http://i25.tinypic.com/23mm2ip.gif

MORE RESULTS.

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

07-26-2010, 08:06 AM

http://i30.tinypic.com/28kss4k.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

07-26-2010, 08:45 AM

http://i27.tinypic.com/29u1l5.gif

RESULTS.

"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

TheRumpledOne

07-26-2010, 09:46 AM

http://i27.tinypic.com/2el5obk.gif

MORE RESULTS.

Q) How do you know price won't go lower?

A) I don't. But when the day ends, the CURRENT daily low will be the low of the day.

TheRumpledOne

07-27-2010, 07:39 AM

http://i31.tinypic.com/sosc3q.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

07-27-2010, 07:55 AM

http://i32.tinypic.com/34e429x.gif

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

07-27-2010, 09:21 AM

http://i29.tinypic.com/1z3vwo1.gif

"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

DO YOU SEE IT?

TheRumpledOne

07-28-2010, 07:32 AM

http://i32.tinypic.com/kd3kuu.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

07-28-2010, 09:26 AM

http://i26.tinypic.com/2jdiarr.gif

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

08-02-2010, 08:12 AM

http://i25.tinypic.com/x5z6mf.gif

"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 daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

08-02-2010, 09:12 AM

http://i27.tinypic.com/152gepv.gif

RESULTS.

USDCAD price was 1.0235 when gauge was posted. Price reached 1.0247 BEFORE reversing and making a new low. This means another trade can be placed today.

TheRumpledOne

08-02-2010, 10:15 AM

http://i32.tinypic.com/143fhg8.gif

"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

TheRumpledOne

08-03-2010, 08:26 AM

http://i31.tinypic.com/291fd09.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

08-03-2010, 09:12 AM

http://i28.tinypic.com/vosopv.gif

RESULTS.

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.
__________________

TheRumpledOne

08-04-2010, 08:26 AM

http://i37.tinypic.com/2moxtlj.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

08-04-2010, 09:16 AM

http://i37.tinypic.com/kal8pf.gif

RESULTS.

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

08-05-2010, 07:25 AM

http://i35.tinypic.com/206c0wi.gif

"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 daily low - that is OPPORTUNITY

TheRumpledOne

08-05-2010, 07:55 AM

http://i35.tinypic.com/qqa4q0.gif

RESULTS.

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

08-06-2010, 07:52 AM

http://i33.tinypic.com/2a8fgnt.gif

HAPPY NFP DAY!

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

08-06-2010, 10:54 AM

http://i33.tinypic.com/b3vckk.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

08-09-2010, 07:04 AM

http://i38.tinypic.com/ivjxw2.jpg

"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 daily low - that is OPPORTUNITY

TheRumpledOne

08-10-2010, 07:26 AM

http://i34.tinypic.com/x3cvmf.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

08-10-2010, 07:51 AM

http://i36.tinypic.com/2vj674o.gif

RESULTS.

TheRumpledOne

08-11-2010, 08:05 AM

http://i34.tinypic.com/11wdlw2.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

08-12-2010, 07:16 AM

http://i33.tinypic.com/2nv82hg.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

08-12-2010, 07:53 AM

http://i36.tinypic.com/25pmy5f.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

08-13-2010, 07:01 AM

http://i33.tinypic.com/s2r2hl.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

08-13-2010, 07:53 AM

http://i34.tinypic.com/2hdnsjc.gif

"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

TheRumpledOne

08-16-2010, 07:25 AM

http://i35.tinypic.com/wv7kti.gif

"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 daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

08-16-2010, 07:32 AM

http://i37.tinypic.com/imryup.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

Last chance was at 109.45. That long entry was good for 10 or more quick pips.

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

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

08-17-2010, 07:14 AM

http://i37.tinypic.com/2s9uckw.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

08-18-2010, 07:12 AM

http://i33.tinypic.com/1zpmb1y.gif

"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

=============================================
"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

08-18-2010, 08:11 AM

http://i36.tinypic.com/2yzihz8.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

08-18-2010, 09:57 AM

http://i37.tinypic.com/6hrqbm.gif

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

08-23-2010, 08:37 AM

http://i37.tinypic.com/2i8zk02.gif

"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 daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

08-23-2010, 08:43 AM

http://i35.tinypic.com/qvyu.gif

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

08-25-2010, 08:08 AM

http://i38.tinypic.com/257eh78.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

08-25-2010, 08:34 AM

http://i36.tinypic.com/20hn7gm.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

08-27-2010, 09:31 AM

http://i36.tinypic.com/wu2dz.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

08-27-2010, 10:26 AM

http://i37.tinypic.com/2zpmq34.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

08-30-2010, 10:47 AM

http://i33.tinypic.com/aaykg.gif

"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 daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

08-31-2010, 07:19 AM

http://i36.tinypic.com/3149ctt.gif

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

"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 daily low - that is OPPORTUNITY

TheRumpledOne

08-31-2010, 08:11 AM

http://i35.tinypic.com/fc3zuv.gif

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

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

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

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

09-01-2010, 07:23 AM

http://i56.tinypic.com/2cnz15j.gif

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

"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 daily low - that is OPPORTUNITY

TheRumpledOne

09-01-2010, 07:39 AM

http://i52.tinypic.com/w1wol3.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

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

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

09-02-2010, 10:26 AM

http://i55.tinypic.com/syqc6q.gif

NO OPPORTUNITY - TAKE THE DAY OFF!

One must learn to wait for opportunity.

TheRumpledOne

09-03-2010, 07:50 AM

http://i53.tinypic.com/35ck0t5.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

09-03-2010, 09:17 AM

http://i51.tinypic.com/32zp6kj.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

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

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

09-14-2010, 09:29 AM

http://i54.tinypic.com/24pkoev.gif

"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 daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

TheRumpledOne

09-14-2010, 03:00 PM

http://i56.tinypic.com/9sz829.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

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

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

09-15-2010, 07:11 AM

http://i53.tinypic.com/2w4zo6p.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

09-15-2010, 07:37 AM

http://i54.tinypic.com/21012zq.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

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

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

TheRumpledOne

09-16-2010, 05:57 AM

http://i55.tinypic.com/2ibdj6q.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

TheRumpledOne

09-16-2010, 06:33 AM

http://i53.tinypic.com/2dbjggk.gif

1) Price within 20 pips of the daily low - that is OPPORTUNITY

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

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

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."