2009.09.10 DRAIN THE BANKS - LIKE A RAT

[stu]

A good day today - there was someone somewhere in this thread who was trading off the daily with 100/50 pip SL/TP if I remember right, and TRO was suggesting 10 could still be shot for just as effectively with appropriate position size. Last night I set pending orders against 8 majors based on daily with 10/10 pip SL/TP - 6 triggered and 6 hit TP target.

Dipped in very briefly today again and looked at EU for RAT bar combinations - was a few minutes late to the screen to catch the obvious green setups but I jumped in hoping to catch a few pips and almost the same thing happened today as yesterday i.e. price went straight down. There was 00 line below so tried a wee sell on the way down, then bought a couple of times as price bounced along the 00, then as I was being called for lunch, set all to close at the 23fib (based on todays swing) which worked out nicely.

Hoping to get time to get the RAT indi set up over the weekend so I'm less 'adhoc' with what I'm doing.

cT_cs_10373817_EURUSD_2020-05-22_13-38-46.png (22.14 KiB) Viewed 4079 times

[LeMercenaire]

A good day today - there was someone somewhere in this thread who was trading off the daily with 100/50 pip SL/TP if I remember right, and TRO was suggesting 10 could still be shot for just as effectively with appropriate position size. Last night I set pending orders against 8 majors based on daily with 10/10 pip SL/TP - 6 triggered and 6 hit TP target.

Dipped in very briefly today again and looked at EU for RAT bar combinations - was a few minutes late to the screen to catch the obvious green setups but I jumped in hoping to catch a few pips and almost the same thing happened today as yesterday i.e. price went straight down. There was 00 line below so tried a wee sell on the way down, then bought a couple of times as price bounced along the 00, then as I was being called for lunch, set all to close at the 23fib (based on todays swing) which worked out nicely.

Hoping to get time to get the RAT indi set up over the weekend so I'm less 'adhoc' with what I'm doing.

cT_cs_10373817_EURUSD_2020-05-22_13-38-46.png

Is that the Buy Zone principle? Sorry, I'm having a thick day, today and don't quite follow what you mean.

I know that before I contracted it down to just The DAX ('coz I'm lazy), I was bagging +2 pips on as-near-as-dam*** every pair I could chuck a stick at, off the midnight bar (uk time).

[stu]

A good day today - there was someone somewhere in this thread who was trading off the daily with 100/50 pip SL/TP if I remember right, and TRO was suggesting 10 could still be shot for just as effectively with appropriate position size. Last night I set pending orders against 8 majors based on daily with 10/10 pip SL/TP - 6 triggered and 6 hit TP target.

Dipped in very briefly today again and looked at EU for RAT bar combinations - was a few minutes late to the screen to catch the obvious green setups but I jumped in hoping to catch a few pips and almost the same thing happened today as yesterday i.e. price went straight down. There was 00 line below so tried a wee sell on the way down, then bought a couple of times as price bounced along the 00, then as I was being called for lunch, set all to close at the 23fib (based on todays swing) which worked out nicely.

Hoping to get time to get the RAT indi set up over the weekend so I'm less 'adhoc' with what I'm doing.

cT_cs_10373817_EURUSD_2020-05-22_13-38-46.png

Is that the Buy Zone principle? Sorry, I'm having a thick day, today and don't quite follow what you mean.

I know that before I contracted it down to just The DAX ('coz I'm lazy), I was bagging +2 pips on as-near-as-dam*** every pair I could chuck a stick at, off the midnight bar (uk time).

You referring to the daily set?...assuming so, I haven't got up to speed on buy-zone yet, but noticed earlier in the thread someone was playing the RAT reversal bar combo at daily level. Red candle closes, then green, put pending long at the top of the red (they were gunning for 50 pips & some discussion ensued). As I've been playing a bit with just the combo, some lines, and no real attention to zones just now, I thought I'd try the dailys last night - they came through big time on the 10/10 principal that TRO seems to work with.

e.g.....daily chart for USDCAD

cT_cs_10373817_USDCAD_2020-05-22_16-52-28.png (11.82 KiB) Viewed 4064 times

[LeMercenaire]

A good day today - there was someone somewhere in this thread who was trading off the daily with 100/50 pip SL/TP if I remember right, and TRO was suggesting 10 could still be shot for just as effectively with appropriate position size. Last night I set pending orders against 8 majors based on daily with 10/10 pip SL/TP - 6 triggered and 6 hit TP target.

Dipped in very briefly today again and looked at EU for RAT bar combinations - was a few minutes late to the screen to catch the obvious green setups but I jumped in hoping to catch a few pips and almost the same thing happened today as yesterday i.e. price went straight down. There was 00 line below so tried a wee sell on the way down, then bought a couple of times as price bounced along the 00, then as I was being called for lunch, set all to close at the 23fib (based on todays swing) which worked out nicely.

Hoping to get time to get the RAT indi set up over the weekend so I'm less 'adhoc' with what I'm doing.

cT_cs_10373817_EURUSD_2020-05-22_13-38-46.png

Is that the Buy Zone principle? Sorry, I'm having a thick day, today and don't quite follow what you mean.

I know that before I contracted it down to just The DAX ('coz I'm lazy), I was bagging +2 pips on as-near-as-dam*** every pair I could chuck a stick at, off the midnight bar (uk time).

You referring to the daily set?...assuming so, I haven't got up to speed on buy-zone yet, but noticed earlier in the thread someone was playing the RAT reversal bar combo at daily level. Red candle closes, then green, put pending long at the top of the red (they were gunning for 50 pips & some discussion ensued). As I've been playing a bit with just the combo, some lines, and no real attention to zones just now, I thought I'd try the dailys last night - they came through big time on the 10/10 principal that TRO seems to work with.

e.g.....daily chart for USDCAD

cT_cs_10373817_USDCAD_2020-05-22_16-52-28.png

Gotcha'. So it's a Daily RAT. Kinda'...

A RAT is formed in the zone back away from that day's extreme (H or L), so would you form a zone on say, the Weekly extreme, or just look for that candle change pattern.

That's just brought something back to mind...

Once upon a time, Pippy and I looked at a doo-dah called The Daily Colour Change Candle set up (it's on YT). Can't remember enough about it but may be worth looking at to see if there is any cross over with what you're thinking.

[LeMercenaire]

Is that the Buy Zone principle? Sorry, I'm having a thick day, today and don't quite follow what you mean.

I know that before I contracted it down to just The DAX ('coz I'm lazy), I was bagging +2 pips on as-near-as-dam*** every pair I could chuck a stick at, off the midnight bar (uk time).

You referring to the daily set?...assuming so, I haven't got up to speed on buy-zone yet, but noticed earlier in the thread someone was playing the RAT reversal bar combo at daily level. Red candle closes, then green, put pending long at the top of the red (they were gunning for 50 pips & some discussion ensued). As I've been playing a bit with just the combo, some lines, and no real attention to zones just now, I thought I'd try the dailys last night - they came through big time on the 10/10 principal that TRO seems to work with.

e.g.....daily chart for USDCAD

cT_cs_10373817_USDCAD_2020-05-22_16-52-28.png

Gotcha'. So it's a Daily RAT. Kinda'...

A RAT is formed in the zone back away from that day's extreme (H or L), so would you form a zone on say, the Weekly extreme, or just look for that candle change pattern.

That's just brought something back to mind...

Once upon a time, Pippy and I looked at a doo-dah called The Daily Colour Change Candle set up (it's on YT). Can't remember enough about it but may be worth looking at to see if there is any cross over with what you're thinking.

https://www.youtube.com/watch?v=oZZ97DxWNYw

[stu]

You referring to the daily set?...assuming so, I haven't got up to speed on buy-zone yet, but noticed earlier in the thread someone was playing the RAT reversal bar combo at daily level. Red candle closes, then green, put pending long at the top of the red (they were gunning for 50 pips & some discussion ensued). As I've been playing a bit with just the combo, some lines, and no real attention to zones just now, I thought I'd try the dailys last night - they came through big time on the 10/10 principal that TRO seems to work with.

e.g.....daily chart for USDCAD

cT_cs_10373817_USDCAD_2020-05-22_16-52-28.png

Gotcha'. So it's a Daily RAT. Kinda'...

A RAT is formed in the zone back away from that day's extreme (H or L), so would you form a zone on say, the Weekly extreme, or just look for that candle change pattern.

That's just brought something back to mind...

Once upon a time, Pippy and I looked at a doo-dah called The Daily Colour Change Candle set up (it's on YT). Can't remember enough about it but may be worth looking at to see if there is any cross over with what you're thinking.

https://www.youtube.com/watch?v=oZZ97DxWNYw

Thanks Lem, seems very similar principal...just a few differences I think I noticed from when Avery & the other poster were discussing it. RAT way has just one pending order (the video brackets both ends of the day) and Avery was advising 10 pips TP and entry again next day rather than going for the big multi day pip run as per the video.

[tuxman]

https://www.youtube.com/watch?v=oZZ97DxWNYw

Indeed quite insightful, thanks!

[Drockerr]

A good day today - there was someone somewhere in this thread who was trading off the daily with 100/50 pip SL/TP if I remember right, and TRO was suggesting 10 could still be shot for just as effectively with appropriate position size. Last night I set pending orders against 8 majors based on daily with 10/10 pip SL/TP - 6 triggered and 6 hit TP target.

Dipped in very briefly today again and looked at EU for RAT bar combinations - was a few minutes late to the screen to catch the obvious green setups but I jumped in hoping to catch a few pips and almost the same thing happened today as yesterday i.e. price went straight down. There was 00 line below so tried a wee sell on the way down, then bought a couple of times as price bounced along the 00, then as I was being called for lunch, set all to close at the 23fib (based on todays swing) which worked out nicely.

Hoping to get time to get the RAT indi set up over the weekend so I'm less 'adhoc' with what I'm doing.

cT_cs_10373817_EURUSD_2020-05-22_13-38-46.png

Hi Stu, Iam new to TRO's Rat method and trust me its so hard to understand as there are so many videos can you please sum up this method for me? Id really appreciate it. Thanx a bunch.

[stu]

A good day today - there was someone somewhere in this thread who was trading off the daily with 100/50 pip SL/TP if I remember right, and TRO was suggesting 10 could still be shot for just as effectively with appropriate position size. Last night I set pending orders against 8 majors based on daily with 10/10 pip SL/TP - 6 triggered and 6 hit TP target.

Dipped in very briefly today again and looked at EU for RAT bar combinations - was a few minutes late to the screen to catch the obvious green setups but I jumped in hoping to catch a few pips and almost the same thing happened today as yesterday i.e. price went straight down. There was 00 line below so tried a wee sell on the way down, then bought a couple of times as price bounced along the 00, then as I was being called for lunch, set all to close at the 23fib (based on todays swing) which worked out nicely.

Hoping to get time to get the RAT indi set up over the weekend so I'm less 'adhoc' with what I'm doing.

cT_cs_10373817_EURUSD_2020-05-22_13-38-46.png

Hi Stu, Iam new to TRO's Rat method and trust me its so hard to understand as there are so many videos can you please sum up this method for me? Id really appreciate it. Thanx a bunch.

Hi there - this video is probably the best place to start.....

https://www.youtube.com/watch?v=stc5KQE ... NdqruBioik

[TheRumpledOne]

Hi Stu, Iam new to TRO's Rat method and trust me its so hard to understand as there are so many videos can you please sum up this method for me? Id really appreciate it. Thanx a bunch.

What is so hard to understand about trading away from the current daily high and daily low toward the open and only entering when price is less than 20 pips away from the current daily high and daily low?

Is the current daily range greater than 40 pips? (Bigger the better) Yes, then you can use THE RAT ZONE!

Is price less than 20 pips from the daily high? Yes, then you can sell short.

Is price less than 20 pips from the daily low? Yes, then you can buy.

Why are you making it so difficult to understand?