2009.09.10 DRAIN THE BANKS - LIKE A RAT

[webmail4tom]

entry:


loss

LukX,

I am having hard days as well, but you have to see the whole picture and this entry technique as a starting point anf growing process.

Look at my chart: 5 opportunities - All except one, good for +10 and more.

Now look at the times when each RedRat started to evolve ...

[gfg1]

lukx, maybe this can be of help as it is a picture not words. Right after your entry, there was a CC (custom candle MO refers to) that was red. It closed below the prior green one that you went short on. When the red CC closed price went down and retraced to the bottom of the closed red CC. Would have been good for 10 pips. Hope this helps.

no, no any advice I really appreciate. I also tried to figure out this whole close lower than something, but I always see it wrong.

[bredin]

I didnt see anything really wrong with lukx first entry (mabee it was against H1, I didnt really look too hard ) Its just that sometimes your not at the extreme yet.
Actually I liked the look of the signal candle since it was a HH and RED.

I dump as soon as price hits a new extreme and look for a new entry after that.

lukx, the less I chase small pips the more trades I have that do not close in profit and the more money I make. TRO is a master scalper. I am not.

G.

[TheRumpledOne]

Lukx:

Use H4 instead of M5.

It will slow you down.

Max 1 trade per candle.

[TheRumpledOne]

EVERYONE:

PLEASE STAY ON TOPIC.

THE TOPIC IS "DRAIN THE BANKS - LIKE A RAT."

[dojirock]

Hello,

Is there a minimum you need to see on the TRO_MP_HLC_PIPS, 1st column, open-close before you trade within 20 of the high or low, depending on what kind of rat you are?

Dojirock

[lukx]

Lukx:

Use H4 instead of M5.

It will slow you down.

Max 1 trade per candle.

Thanks TRO I will try. Tell me please , the SL in case of using H4, I assume it got to be a bit bigger than 10 pips right?

[lukx]

lukx, the less I chase small pips the more trades I have that do not close in profit and the more money I make. TRO is a master scalper. I am not.

G.

mind boggling sentence

[TheRumpledOne]

Hello,

Is there a minimum you need to see on the TRO_MP_HLC_PIPS, 1st column, open-close before you trade within 20 of the high or low, depending on what kind of rat you are?

Dojirock

No.

7) If the rules do not mention it, then it is of no concern.

[TheRumpledOne]

Lukx:

Use H4 instead of M5.

It will slow you down.

Max 1 trade per candle.

Thanks TRO I will try. Tell me please , the SL in case of using H4, I assume it got to be a bit bigger than 10 pips right?

5) STOP LOSS IS 10 PIPS