1) Price within 20 pips of the CURRENT daily low (ClLo < 20): This is OPPORTUNITY ============================================ PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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 CURRENT 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. Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!! The important part is to enter WITHIN 20 pips of the CURRENT daily low. The RAT REVERSAL is only one entry method. <--------------------------------------------------------------------> PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method. <--------------------------------------------------------------------> PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
Stop this now, you are gonna make everyone a winner. You should start selling this to others, but no one will buy it because it's the right way to win stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP! stop stop stop stop STOP!
SO TRUE! Instead, sell them a bunch of indicators that will make them try to guess what's going to happen instead. I recently was told of someone that sold 'indicators' for TS - yet he didn't trade them. Now, if the indicators were so good and TS is capable of automation, why in the world wouldn't the inventor / developer use them as well in automation? He claims that he doesn't have time? Excuse me, but isn't that the purpose of automation in the first place?
Let me also add that TS actually sponsors this guy and his work. I have a friend / fellow trader that bought much of his stuff and when I told him this guy was speaking at a local event, he said ... He's made enough money off of me and I haven't made a dime with his indicators after spending thousands of dollars on them. He also said, he's never shown me how to use them either...imagine that. Now, TS nor this developer of tools / indicators for the day trader can prove that the tools actually can make the trader more profitable or a better trader. Not to mention that they must not be capable of automation...otherwise, wouldn't this developer create automated systems using his own tools? The funny thing is...a system like what TRO is describing has a much better chance than the tools / indicators that my fellow friend / trader spent thousands of dollars purchasing...yet because the system seemed simple, the indicators looked more promising, BUT HOW? If there is no proof by either TS or the developer that it can help create better trading decisions, it's worth absolutely nothing. The fact that he doesn't use the tools in an automated environment which he created them in...that's another red flag.
"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 CURRENT daily low (ClLo < 20): This is OPPORTUNITY ============================================ WHY ISN'T EVERYBODY DOING IT? Most of you know I catch a lot of flak on my forums because SOME PEOPLE don't like the way I post. One worn out argument that is used repeatedly is, "If this is so (simple, great, profitable, ), then why isn't everybody doing it?" Simple answer is because SOYLENT GREEN is people! We all know exercise is great, but how many actually exercise? We all know smoking is bad, but how many do it anyway? We all know which foods are bad for our health, but how many eat those foods? We all know that we should save for our future and spend less than we earn but who does that? The list is almost endless. As long as there are people, there will always be some STUPID people and some smart people making STUPID decisions, where STUPID is defined as knowing better but acting otherwise. Meanwhile, the RATS are still beating the Yale students. ============================================= PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
1) Price within 20 pips of the CURRENT daily low (ClLo < 20): This is OPPORTUNITY ============================================ PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.