2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

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[TheRumpledOne]

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[TheRumpledOne]

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[TheRumpledOne]

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[Mr. D]

Has anyone tried this on an index (sp500 or alike)?

[LeMercenaire]

Has anyone tried this on an index (sp500 or alike)?

I have used it on The DAX. Not a regular thing, just whenever I happen to see a set up, right-place-right-time kind of thing.

Works just fine.

[Mr. D]

Has anyone tried this on an index (sp500 or alike)?

I have used it on The DAX. Not a regular thing, just whenever I happen to see a set up, right-place-right-time kind of thing.

Works just fine.

Same 20 pips or HATR?

[LeMercenaire]

Has anyone tried this on an index (sp500 or alike)?

I have used it on The DAX. Not a regular thing, just whenever I happen to see a set up, right-place-right-time kind of thing.

Works just fine.

Same 20 pips or HATR?

I just take what it gives me. Once into profit, I don't let it go negative and will re-enter if it shows me a set up.

I'll work in mini Z-Lines etc to give me clues.

[Iamtraveller197]

Evening from the UK everyone,

After following TRO for a few months on FB I decided it was time to get involved with this community.

Thus far I've spent some time getting to know the Rat and Daily Pin Bar methods, not actually trading them, just reading up when I get some free time and simply looking at the charts come end of the day.

I'm curious r.e the Rat method, what seems to be the general consensus here in terms of green rat/red rat? Is there an established side that seems to perform better?

Also, I'm thinking I might just trade one pair alone - GU, do you think trading both methods mentioned on one pair alone will suffice?

Thanks in advance guys.

[LeMercenaire]

Evening from the UK everyone,

After following TRO for a few months on FB I decided it was time to get involved with this community.

Thus far I've spent some time getting to know the Rat and Daily Pin Bar methods, not actually trading them, just reading up when I get some free time and simply looking at the charts come end of the day.

I'm curious r.e the Rat method, what seems to be the general consensus here in terms of green rat/red rat? Is there an established side that seems to perform better?

Also, I'm thinking I might just trade one pair alone - GU, do you think trading both methods mentioned on one pair alone will suffice?

Thanks in advance guys.

Welcome aboard!

Generally, toss a coin and trade whatever Red or Green Rat falls out.

However, you could temper that by saying that if you are wanting to trade Cable exclusively, then going short is the Rat to be riding!

Which brings me to your final question - and I have to say that personally I would always recommend picking a pair and learning what makes it tick inside and out. Live and breathe it's behaviour patterns.

Then trade multiple methods on the same pair, rather than multiple pairs on one method.

However, that's just me. Others may beg to differ