2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

"If you find a specific repeating pattern in the market, you can assume that it will happen with higher frequency in lower time frames." - H. Rearden

[foreman01]

Geezer, Here are your answers as best as I can do:

A. is the entry trigger. Its red because it is to sell. The price box follows it - it is the same as the line.

B.I EDIT: if red

IT INDICATES THE SHORT TRIGGER WAS TRIGGERED.

, so if green then it must indicate the LONG trigger was triggered

C. You should be pointing at the top red box. That is the price box of the trigger line. You can turn it off in the settings. I do. It is red because it is for a sell.

D. What you want are the TWO PRICES at the bottom - one green one red. They are the High and Low of our the last full bar in your current time frame. This is a cool indicator called , TRO_HL_PriceBox, I also Like TRO_HL (it draws lines instead). You can make them default in the settings to a specific time frame such as 1440 for the day. You can add multiple occurrences of these indicators so that there could be one for the 4 hour period as well as the daily, and even the hourly.

E [F] TRO_range_gauge. You can adjust the period to a default like 1440 for the day and 240 for the 4 hour period, and you can have multiple occurrences (but you will have to adjust the X,Y location of they will write on top of each other.

TRO have a few questions:

A. What is the horizontal line indicate?

B. What does the arrow indicate?

C. What does this price represent? Is it the price you enter your trade when it is hit?

D. What are the 2 prices at the top and bottom?

E. What is the name of this indicator?

Thanks!!

[zulemara]

In this shot, we are within 20 pips of the high, but the last setup for a trade was 4 candles ago. Why is RAT REVERSE being activated showing R S G? Wouldn't the current bar need to close as red and then you would have to go short at the low of that bar?

You have the RAT REVERSE indicator is set to H1 not M15 like the chart.

You should be able to SEE that!!

Also, you are using an old version. LOAD THE UPDATES IMMEDIATELY!!

Ok I modified the RAT REVERSE indicator. I don't know what is out of date though. I modified your got cheese template to include the high and low lines and the boxes.

[MightyOne]

TRO2009_RAT_NUMBERS works the same as the RAT PLOT only it contains more information.

Where the green numbers start is an up arrow and vise versa.

Top number is a measurement from the breakout to the high of the next bar.

Bottom number is a measurement from the breakout to the close of the next bar.

It works in reverse for the low breakouts.

[TheRumpledOne]

A. Is this indicator only for H1? In this example, we passed 'Ready' and 'Set', and are waiting for 'Go'?

NO, YOU CAN CHANGE THE INPUTS.

B. What does this small red down arrow mean? Sell stop on the low of that bar?

NO. IT INDICATES THE SHORT TRIGGER WAS TRIGGERED.


C. Can we set alert for the 'Go' in question A?

I DON'T KNOW IF I ENABLED ALERTS OR NOT.

[forrestang]

How many times per day do you guys trade the Rat?

Once hourly, anytime you get within 20pips of the D1 Low?

TRO: Are you trading all 12 of the pairs on the Rat Reverse Daily?

[TheRumpledOne]

ATTENTION TRADERS WHO ARE STRUGGLING WITH MT4

You need to read the following thread:

http://www.forexfactory.com/showthread.php?t=67529

Learn how the platform works... YOUR MONEY IS AT RISK!!

[TheRumpledOne]

How many times per day do you guys trade the Rat?

Once hourly, anytime you get within 20pips of the D1 Low?

TRO: Are you trading all 12 of the pairs on the Rat Reverse Daily?

Trade until you hit you daily goal or loss limit then quit.

I usually only trade ONE PAIR at a time.

[TheRumpledOne]

What is this one with "Fractal" in the heading?

TRO2009_MP_FRACTAL.

A red up arrow means price is above the resistance fractal.

A blue down arrow means price is below the support fractal.

A gray right arrow means price is between support and resistance.

When price breaks through a fractal level, it will see out a previous fractal projection. But that's way off this subject. Think of it as a break out indicator.

[MightyOne]

How many times per day do you guys trade the Rat?

Once hourly, anytime you get within 20pips of the D1 Low?

TRO: Are you trading all 12 of the pairs on the Rat Reverse Daily?

My entry charts are the 6, 8, & 12 hour.

I trade the daily, weekly, monthly, yearly.

I do not place more than 8 trades per day.


How far does price move from a daily low extreme?

How far does price move from a weekly low extreme?

I try and target a range that is hit on > 80% of the candles.

As an example:

1. You find your self at the weekly low.

2. Some time there after you go long and exit for 65 pips.

3. You look over at the weekly chart and see that price moves hundreds and hundreds of pips from one of the extremes > 80% of the time.

While it is not wrong to exit for the respectable gain of 65 pips, it is no where near the the hundreds and hundreds of pips that statistics say that particular extreme is worth.

The 2 Extreme or "Too Extreme" method is the core of my trading.

I wrap TRO's entry methods around my core because they make me the most money.