2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

GREEN RAT REVERSAL...

[TheRumpledOne]

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.

Isn't it "To extreme" as in "go to the extreme"?

[MightyOne]

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.

Isn't it "To extreme" as in "go to the extreme"?

If you are trading away from an extreme then you are trading toward the other.

I call it "2 Extreme" as in "there are only two extremes"

2 Extreme, To Extreme, Too Extreme, 1of2 Extreme, it really doesn't matter what you call it as long as you get the idea

I will void holding durations for longs should price move > 38% of the target range short and vise versa.

A correction much greater than 1/3 the range is more likely to be a real move.

Just because a daily long is void that does not mean that a long trade from a weekly will be void...
that is how I know how long to hold when a daily and weekly low are the same.

That said, I do "pause" trades from time to time when it is obvious that there will be a large correction.

[roger_over]

MO ,
Thank you for your response to my questions. Also I just wanted to add that in just 2 days of looking at this and attempting to disseminate all of the useful info on this thread , I have placed 2 successful trades. It really is a great & simple system to use and I have so much more to learn. Thanks again for the help!!

[jz166]

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.

Thanks a lot, Avery!

[TheRumpledOne]

STATISTICAL MAXIMUMS HAVE BEEN REACHED...

[pablo101]

Crikey this GU is shooting for the stars

[TheRumpledOne]

RED RAT REVERSAL TRADE.

1) price within 20 pips of the daily high - that is OPPORTUNITY

2) green candle closes

3) red candle closes - note the low price of the red candle.

4) enter short at the red candle's low price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

Notice the HiCL (high - close) column for the D1 and W1.

[oldmangeezer]

Thanks for answering my questions.

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!!

[TheRumpledOne]

Sometimes the rules can be bent and sometimes they can be broken.

Higher lows mean price is moving up. Normally one would not take the rat reversal this close to the top.

Of course, it is risky. Trading IS risky.