2009.09.10 DRAIN THE BANKS - LIKE A RAT

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Jhx
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby Jhx » Fri Nov 22, 2019 3:46 pm

BambinoFlex wrote:Been using the TRO_ATR_Lines_HL and its been working great this week for the rat trades. Here is GBPCAD as an example.

Yeah, it's a good place for profit taking too (or at least that's the way I like looking at it).

May I ask what session are you trading and the pairs that you're watching BambinoFlex? I'm close to having a bit more time in my hands and I was looking into getting back to the rat :D

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby BambinoFlex » Fri Nov 22, 2019 3:51 pm

Jhx wrote:
BambinoFlex wrote:Been using the TRO_ATR_Lines_HL and its been working great this week for the rat trades. Here is GBPCAD as an example.

Yeah, it's a good place for profit taking too (or at least that's the way I like looking at it).

May I ask what session are you trading and the pairs that you're watching BambinoFlex? I'm close to having a bit more time in my hands and I was looking into getting back to the rat :D



I get along with the GBP pairs. Usually GBPNZD and I only trade the rat trades during the New York and London Mashup. I think most of the moves are made during the London times and then the reversals on the NY sesh. It’s a different approach, instead of scalping the rat zone I place my moves on the wick formation. I’ve noticed that the retracements happen at this times. I’m in Houston, so from 6am - 11am Central Time.
"If you're wrong, guess what...thats TRADING"

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby JP1 » Fri Nov 22, 2019 7:37 pm

BambinoFlex wrote:
Jhx wrote:
BambinoFlex wrote:Been using the TRO_ATR_Lines_HL and its been working great this week for the rat trades. Here is GBPCAD as an example.

Yeah, it's a good place for profit taking too (or at least that's the way I like looking at it).

May I ask what session are you trading and the pairs that you're watching BambinoFlex? I'm close to having a bit more time in my hands and I was looking into getting back to the rat :D



I get along with the GBP pairs. Usually GBPNZD and I only trade the rat trades during the New York and London Mashup. I think most of the moves are made during the London times and then the reversals on the NY sesh. It’s a different approach, instead of scalping the rat zone I place my moves on the wick formation. I’ve noticed that the retracements happen at this times. I’m in Houston, so from 6am - 11am Central Time.


So can u tell me what the 4 and 13 mean next to the ATR shaded areas by any chance? Cant find a video on it
Fiddled with the settings but cant work it out

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby BambinoFlex » Fri Nov 22, 2019 8:21 pm

JP1 wrote:
BambinoFlex wrote:
Jhx wrote:Yeah, it's a good place for profit taking too (or at least that's the way I like looking at it).

May I ask what session are you trading and the pairs that you're watching BambinoFlex? I'm close to having a bit more time in my hands and I was looking into getting back to the rat :D



I get along with the GBP pairs. Usually GBPNZD and I only trade the rat trades during the New York and London Mashup. I think most of the moves are made during the London times and then the reversals on the NY sesh. It’s a different approach, instead of scalping the rat zone I place my moves on the wick formation. I’ve noticed that the retracements happen at this times. I’m in Houston, so from 6am - 11am Central Time.


So can u tell me what the 4 and 13 mean next to the ATR shaded areas by any chance? Cant find a video on it
Fiddled with the settings but cant work it out


I'll be honest, I don't know. My guess is that it has to do with the the ATR period.

Just noticed though, there's three instances of the ATR. TRO_ATR_LINES, TRO_ATR_LINES_HL, and TRO_ATR_LINESHL5.
"If you're wrong, guess what...thats TRADING"

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby Jhx » Fri Nov 22, 2019 8:58 pm

BambinoFlex wrote:
Jhx wrote:
BambinoFlex wrote:Been using the TRO_ATR_Lines_HL and its been working great this week for the rat trades. Here is GBPCAD as an example.

Yeah, it's a good place for profit taking too (or at least that's the way I like looking at it).

May I ask what session are you trading and the pairs that you're watching BambinoFlex? I'm close to having a bit more time in my hands and I was looking into getting back to the rat :D



I get along with the GBP pairs. Usually GBPNZD and I only trade the rat trades during the New York and London Mashup. I think most of the moves are made during the London times and then the reversals on the NY sesh. It’s a different approach, instead of scalping the rat zone I place my moves on the wick formation. I’ve noticed that the retracements happen at this times. I’m in Houston, so from 6am - 11am Central Time.
So instead of taking trades within the rat zone you enter within the wick zones using the rat reversal as an entry? (Sorry, just trying to understand :) )

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby BambinoFlex » Sat Nov 23, 2019 2:38 am

Jhx wrote:
BambinoFlex wrote:
Jhx wrote:Yeah, it's a good place for profit taking too (or at least that's the way I like looking at it).

May I ask what session are you trading and the pairs that you're watching BambinoFlex? I'm close to having a bit more time in my hands and I was looking into getting back to the rat :D



I get along with the GBP pairs. Usually GBPNZD and I only trade the rat trades during the New York and London Mashup. I think most of the moves are made during the London times and then the reversals on the NY sesh. It’s a different approach, instead of scalping the rat zone I place my moves on the wick formation. I’ve noticed that the retracements happen at this times. I’m in Houston, so from 6am - 11am Central Time.
So instead of taking trades within the rat zone you enter within the wick zones using the rat reversal as an entry? (Sorry, just trying to understand :) )



I’ll try not to confuse you with my thought process. So I’ve observed that most reversals happen during the London and New York sessions. I wait for extremes to form. When I look at the daily candle, if there isn’t a wick yet or it’s small, I’ll take a trade. Sometimes it will break a new high (or low for green rats) but usually it will start reversing. When I first started I was using the rat trade during the Tokyo open, it was going well but then I realized it was better to wait until the New York session to really see the daily candles range.
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby Jhx » Sat Nov 23, 2019 4:07 pm

BambinoFlex wrote:
Jhx wrote:
BambinoFlex wrote:

I get along with the GBP pairs. Usually GBPNZD and I only trade the rat trades during the New York and London Mashup. I think most of the moves are made during the London times and then the reversals on the NY sesh. It’s a different approach, instead of scalping the rat zone I place my moves on the wick formation. I’ve noticed that the retracements happen at this times. I’m in Houston, so from 6am - 11am Central Time.
So instead of taking trades within the rat zone you enter within the wick zones using the rat reversal as an entry? (Sorry, just trying to understand :) )



I’ll try not to confuse you with my thought process. So I’ve observed that most reversals happen during the London and New York sessions. I wait for extremes to form. When I look at the daily candle, if there isn’t a wick yet or it’s small, I’ll take a trade. Sometimes it will break a new high (or low for green rats) but usually it will start reversing. When I first started I was using the rat trade during the Tokyo open, it was going well but then I realized it was better to wait until the New York session to really see the daily candles range.

Ah, now I understand :lol: . Thank you for the explanation!

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Nov 25, 2019 3:04 am

BambinoFlex wrote:
JP1 wrote:
BambinoFlex wrote:

I get along with the GBP pairs. Usually GBPNZD and I only trade the rat trades during the New York and London Mashup. I think most of the moves are made during the London times and then the reversals on the NY sesh. It’s a different approach, instead of scalping the rat zone I place my moves on the wick formation. I’ve noticed that the retracements happen at this times. I’m in Houston, so from 6am - 11am Central Time.


So can u tell me what the 4 and 13 mean next to the ATR shaded areas by any chance? Cant find a video on it
Fiddled with the settings but cant work it out


I'll be honest, I don't know. My guess is that it has to do with the the ATR period.

Just noticed though, there's three instances of the ATR. TRO_ATR_LINES, TRO_ATR_LINES_HL, and TRO_ATR_LINESHL5.


ATR_LINES calculates the distance from the open. The lines are static. The indicator runs a loop and determines the minimum and maximum ATRs. The numbers like 4 and 13 indicate which ATR was the minimum and the maximum.

ATR_LINES_HL calculates the distance from the high and low. The lines are dynamic and move each time a new high or low is established.

Not sure about ATRLINES_HL5. I don't recall coding that.
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby JP1 » Mon Nov 25, 2019 8:43 am

TheRumpledOne wrote:
BambinoFlex wrote:
JP1 wrote:
So can u tell me what the 4 and 13 mean next to the ATR shaded areas by any chance? Cant find a video on it
Fiddled with the settings but cant work it out


I'll be honest, I don't know. My guess is that it has to do with the the ATR period.

Just noticed though, there's three instances of the ATR. TRO_ATR_LINES, TRO_ATR_LINES_HL, and TRO_ATR_LINESHL5.


ATR_LINES calculates the distance from the open. The lines are static. The indicator runs a loop and determines the minimum and maximum ATRs. The numbers like 4 and 13 indicate which ATR was the minimum and the maximum.

ATR_LINES_HL calculates the distance from the high and low. The lines are dynamic and move each time a new high or low is established.

Not sure about ATRLINES_HL5. I don't recall coding that.


Thanks TRO - still hasnt really helped me work out which ATR settings to use.....i have ATR_LINES_HL on the chart (see below)
Is the default setting multiplying ATR by 0.5 - is that how it works? I have fiddled with these settings, but it makes some strange changes on the chart that i cant work out

Edit: ok just seen ur daily video where u mention this (thanks!)...........so makes more sense now. But just to clarify, ATR14 and ATR 2.......means that the daily ATR 14 days ago was the highest, and 2 days ago was the lowest.........is that right?
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ATR HL.JPG
ATR HL.JPG (219.07 KiB) Viewed 2978 times

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Nov 25, 2019 5:47 pm

TRO001.png
TRO001.png (25.8 KiB) Viewed 2948 times


ATR(2) is the maximum in the above chart (furthest from the open) and ATR(6) is the minimum (nearest to the open).

A larger ATR period does not mean the ATR value will be larger.

Does that help?
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