2009.09.10 DRAIN THE BANKS - LIKE A RAT

[aliassmith]

I never bother with weekly or monthly levels with RAT Zone. Only thing I would consider are Supply+Demand Zones (NOT TRO-Approved, lol).

Okay. And another question. I will trade on live account soon. Can I use the Walmal method?

Hey, that's entirely your call. Only you know if you are ready. However, the method is robust, use at the recommended time, don't get greedy and take what the market gives you. +1 is better than -10 'coz you were ''only'' at +9.

I've done something like that. I just new price would move 100 pips so it got to 90 something then I rode it back to zero. That was dumb.

[LeMercenaire]

Okay. And another question. I will trade on live account soon. Can I use the Walmal method?

Hey, that's entirely your call. Only you know if you are ready. However, the method is robust, use at the recommended time, don't get greedy and take what the market gives you. +1 is better than -10 'coz you were ''only'' at +9.

I've done something like that. I just new price would move 100 pips so it got to 90 something then I rode it back to zero. That was dumb.

I think we've all done it at some point in time, one way or another. It's kind of a rite of passage, lol.

[Mark Mark]

Hey, that's entirely your call. Only you know if you are ready. However, the method is robust, use at the recommended time, don't get greedy and take what the market gives you. +1 is better than -10 'coz you were ''only'' at +9.

I've done something like that. I just new price would move 100 pips so it got to 90 something then I rode it back to zero. That was dumb.

I think we've all done it at some point in time, one way or another. It's kind of a rite of passage, lol.

The most important thing is to learn the strategy and then do the discipline.

[LeMercenaire]

I've done something like that. I just new price would move 100 pips so it got to 90 something then I rode it back to zero. That was dumb.

I think we've all done it at some point in time, one way or another. It's kind of a rite of passage, lol.

The most important thing is to learn the strategy and then do the discipline.

Not necessarily, if you think about it. An undisciplined person will be less likely to put in the time needed to learn properly and will always be willing to look to cut corners.

Learning discipline - in all areas of life - will have a far reaching effect in your trading.

[BambinoFlex]

Lack of discipline is a large reason people aren’t successful trading an edge that might be profitable for someone else.

[IgazI]

Place your stop loss FIRST and then look for en entry within your risk-box, it is that simple.

Stay within your risk limits.

Increase your size to shrink your risk-box.

Have an escape plan;
exit when price makes a move toward your stop, re-enter if price does not touch it and reverses course.

rat_zone.png (131.29 KiB) Viewed 8962 times

[LeMercenaire]

Place your stop loss FIRST and then look for en entry within your risk-box, it is that simple.

Stay within your risk limits.

Increase your size to shrink your risk-box.

Have an escape plan;
exit when price makes a move toward your stop, re-enter if price does not touch it and reverses course.

rat_zone.png

Best and simplest description of this I have read. No gobbledegook!

[Mark Mark]

Place your stop loss FIRST and then look for en entry within your risk-box, it is that simple.

Stay within your risk limits.

Increase your size to shrink your risk-box.

Have an escape plan;
exit when price makes a move toward your stop, re-enter if price does not touch it and reverses course.

rat_zone.png

Best and simplest description of this I have read. No gobbledegook!

Rat zone is very tricky and you should think about risks

[TheRumpledOne]

Place your stop loss FIRST and then look for en entry within your risk-box, it is that simple.

Stay within your risk limits.

Increase your size to shrink your risk-box.

Have an escape plan;
exit when price makes a move toward your stop, re-enter if price does not touch it and reverses course.

rat_zone.png

Best and simplest description of this I have read. No gobbledegook!

Rat zone is very tricky and you should think about risks

There is nothing tricky about the RAT ZONE. Whenever one trades, risk should be thought about.

[Mark Mark]

Best and simplest description of this I have read. No gobbledegook!

Rat zone is very tricky and you should think about risks

There is nothing tricky about the RAT ZONE. Whenever one trades, risk should be thought about.

I like to trade buy zone and wick zone. Sometimes I trade using Walmal method. Opening range is very good and simple method for me. DSR and pivots I don't understand. About order block and imbalance: Avery, can I paint it on my chart using default tools in mt4?