2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

OPPORTUNITY...

[TheRumpledOne]

RESULT.

[cwn6161]

Hey TRO - I've been reading through this thread, as well as a few others, trying to get a good grasp of the rat trades. In the last image you've shown, does your red entry line signify a rat reversal?

[TheRumpledOne]

It is a RED RAT REVERSAL TRIGGER.

However, RED RATS should enter in the RED RAT ZONE, not the GREEN RAT ZONE.

[scheeco]

Ok , I feel like I am a cheese trader, you know..I offer the cheese the rats seem to be eating.
Either I am not getting IT because I am seriously giving away pips - I feel like a cheese charity!

Sample trade:
My conditions for entry:
Check H1 bias
Check D1 bias
If both the same (green)
Look for a RAT
Redcandle closes.
Green candle closes.
I open at the high of the Green candle: 1.35988


But it does not take long and then I give my cheese away:


Are my indicators wrong?>
Am I undersating this wrong.
Any suggestions?
I am trading with MBT using the MT4 platform

[Pro Trader]

Scheeco I think you have too many indicators.

I use the candle colour multi-meter
D1 Range Guage
TRO_Opens to plot the D1,W1 and H1 opens on the chart
The TRO Rat_Plot which shows you the entry prices (I think this one is donational)
support and resistance barry TRO_Modified (I don't think thats the exact name but Im not at my trading pc right now so I cant remember)

The other indicators just crowd the screen. Just my 2 cents.

I trade with H1 and W1 and if price reaches the previous support or resistance level.

I will post a chart soon

[cwn6161]

scheeco, did you buy or short?

[scheeco]

Hi chaps,
thanks for your input.
Pro Trader:
I will remove indicators and use the ones you mentioned - I have the donational ones and see if less clutter means more cheese.

cwn616 :I went long as the bias for H1 and D1 was long.
Green candle closed a after a red candle singaling a RAT reversal.

[sbwent]

I Love this indicator. All green look for Green Rat reversals all red look for Red Rat reversals. Pick. Very cool Avery.

Can you please send me the link to download this indi and the other Rat indicators that you are all using? I wanna give this a go.

[Pro Trader]

I hope you find the screen shot useful.

Theres is another setup at around 01:15am on the chart (06:15 GMT ) too though I didn't highlight it.

Check EURUSD with this template and there were many more setups like this today.

Happy Trading