2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

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





2) red candle closes





2) red candle closes





2) red candle closes

Trading is waiting... you must learn to wait for you entry trigger.




3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price





4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.





You could have made 10 or more pips for a 2% gain.


"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[TheRumpledOne]

Hi TheRumpledOne !

Thanks for the indicators, wow !!!

A question:

My problem is the order entry, I can not execute the order , the close is too near to the entry,.

I can no set the order by the 1.65783 GBP/USD M5 ,..

How do you do that?
If the entry point is not so well?
You have a screenshot live Account ?

thanks
tun,....

You need to trade with an ECN broker instead of a fixed spread bandit.

[Banky]

Hi there avery I asked this question some pages back about not eing able to get all three range guages my mt4 plat...I was able to activate all three guages. only the first two time frames are totally vissible the weekly on is partly hidden. Is there a shortcut key or something I need to do to activated the who screen...note I tried viewing in full screen. As usual Tro I know this is not a trading related question. please help

[forexbob]

Hi there avery I asked this question some pages back about not eing able to get all three range guages my mt4 plat...I was able to activate all three guages. only the first two time frames are totally vissible the weekly on is partly hidden. Is there a shortcut key or something I need to do to activated the who screen...note I tried viewing in full screen. As usual Tro I know this is not a trading related question. please help

banky,

because TRO trades with mbtrading navigator and only use mt4 for charting he probably is not viewing the terminal part in mt4, and then they are all 3 visible.

but the gauge have an input myChartY with which you can play a little (remove some slack space from between the gauges), so you can see a little more. But think everything will not fit.

that is when the terminal part takes the whole width of the screen. so you can also resize this part a little

it's a shame that they at metaquotes took the wrong bunch of russian programmers, so we can not detach windows from mt4

[TheRumpledOne]

Banky, please post a chart showing the problem.

[pip9999]

=====================================

Hi Avery

Thank for very clear Rat Trade examples---K.I.S.S.

How to read " H1/D1/W1 Range Gauge" in connection with Rat Entry Rules ?

Thank

cheers
------------------------


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





2) red candle closes





2) red candle closes





2) red candle closes

Trading is waiting... you must learn to wait for you entry trigger.




3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price





4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.





You could have made 10 or more pips for a 2% gain.


"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[Banky]

Banky, please post a chart showing the problem.

Thanks for your replies everyone... I figured out that I had to change the numbers in the X and Y axis This is after I changed the 'y' axis positioning it still wont fit in the whole screen.

[gfg1]

banky, what I did to might help you. Change the font size from 12 to 10 and then reposition the gauges using the x and y axis. Yes, they are smaller to see, but at least all 3 are on the screen. Also, as has been suggested remove the terminal, market watch, and navigator panes.

[TheRumpledOne]

You may want to change your monitor resolution, too.

[TheRumpledOne]

Avery. thanks for the new batch of indicators. What is the purpose of the vertical gray bar?

The gray bar marks the area weekly open +/- 100 pips to weekly open +/- 200 pips.

If you are a red rat and price is above the weekly open you want to wait for price to be at least 100 pips above the weekly open BEFORE you look to go short.

If you are a green rat and price is below the weekly open you want to wait for price to be at least 100 pips below the weekly open BEFORE you look to go long.

If you look at the above chart, you'll see going short before price moved 100 pips above the weekly open this week would have been a losing trade.