2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

Note the USDJPY ClLo column.

[watchdog]

TRO

You are using your D1 ClLo to know when to be looking for your reversal then when it makes a new low and starts to move back up thats when you go to your M5 chart looking for it to break above the prior candle high. If that is correct. It then could still go lower and stop you out understood. However if that happens statisticly how many times to do the above before you should get a 20+ opportunity.

Trying to understand the nuances. Thanks

[stevegee58]

Hey TRO those stats in the first post of this thread look kinda like nukethewhales' analysis. LOL

[stevegee58]

Hey TRO is the low you're looking at yesterday's low or today's low?

[TheRumpledOne]

TRO

You are using your D1 ClLo to know when to be looking for your reversal then when it makes a new low and starts to move back up thats when you go to your M5 chart looking for it to break above the prior candle high. If that is correct. It then could still go lower and stop you out understood. However if that happens statisticly how many times to do the above before you should get a 20+ opportunity.

Trying to understand the nuances. Thanks

I ALWAYS look at the Daily low to determine when I can get in the best rat reversal.

Trading the H1 rat reversal setup can be profitable too.

I am not looking for a 20+ opportunity. I take whatever I can.

[TheRumpledOne]

Hey TRO is the low you're looking at yesterday's low or today's low?

The low in the gauge is TODAY'S LOW.

Sometimes I will use TRO_PLOT to plot both today's and yesterday's high/low.

[TheRumpledOne]

USDJPY had a nice finish.

[kc8flq]

Is the reversal ready for release? or is more testing required?

[cr0cop]

hey TRO when you release a motherlode on the forum, do the updates in the motherlode come in when you send the updates via email to the people that donated or do we still have to download the motherlode updates aside from the updates we get on email? Thanks

[zulemara]

There are a bunch of different strategies going on here, so here is what I see:

trade only long

Using the confines of being within 20 pips of the daily low, follow these rules:

Enter based on red candle close, green candle close, then current candle breaks previous green candle's high.

or enter if green candle hits a price ending in 0

GBPUSD and EURJPY are two good pairs for this.

Are there any times of the day that are better than others for this?

You seem to like M5, but any time frame works, but the higher the time frame, the longer it will take for setup. However, the rewards can be greater with a longer time frame.


Now to tie it all together, this is what your RSG rat reversal indicator is based on, is that correct?

If I'm anywhere near being on the right track, I can easily say this thread has been the most informative I have read.

and always 10 pip SL, and TP whatever you can get. using the MM stopping volume indicator, I can assume if it's green, stay in the trade and if it turns neutral, that's the time to get out, is that correct?

Thanks as always
zule