2009.09.10 DRAIN THE BANKS - LIKE A RAT

[Relativity]

EURUSD #1
Short @ 1.32656
S/L 8 pips + 2.5 spread
T/P 14 pips
Let's see....

Update : Stopped out, now waiting for next signal. Did not take +2 pips T/P when still in.

EURUSD #2
Short @ 1.32777
S/L 8 pips + 2.5 spread
T/P 14 pips
Waiting...

Update : T/P 14 pips

[Relativity]

GBPUSD
Entered Long @ 1.57278
S/L 8 pips + 2 spread
T/P 14 pips

Results : T/P 14 pips

[TheRumpledOne]

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The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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Choose Your Advice Carefully


Since your mind is your most valuable asset and your most valuable lever, you need to be careful what you put in it. Sometimes it is even more difficult to get rid of thoughts and ideas that are already in your mind than it is to learn something new - Pg 119 WHY WE WANT YOU TO BE RICH


F - Follow
O - One
C - Course
U - Until
S - Successful

- Pg 110 WHY WE WANT YOU TO BE RICH

If the rat is beating you, you are the reason why.

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"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."


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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[cosmoe1]

I went long where the red arrow is on the bottom left.
Put a 10 pip stop loss on it. Decided to go to bed.
Put a 25 pip trail stop on it. And woke up to this.
Still open @+100 pips.

Cosmoe1

[cosmoe1]

price within 20 pips of daily low. if a green candle shows up after a red candle go long with a 10 pip stop loss.

Cos

[emulin]

I went long where the red arrow is on the bottom left.
Put a 10 pip stop loss on it. Decided to go to bed.
Put a 25 pip trail stop on it. And woke up to this.
Still open @+100 pips.

Cosmoe1

thats awesome, and z-line trade also

but, dont you wait for daily range to be wider, at least 50 pip or somthing...?

i dont know if that was pure luck or you had some analisys told you do it.


...or it was 20 pip low from friday...

[cosmoe1]

I went long where the red arrow is on the bottom left.
Put a 10 pip stop loss on it. Decided to go to bed.
Put a 25 pip trail stop on it. And woke up to this.
Still open @+100 pips.

Cosmoe1

thats awesome, and z-line trade also

but, dont you wait for daily range to be wider, at least 50 pip or somthing...?

i dont know if that was pure luck or you had some analisys told you do it.

Whats a z-line trade?

Cos

[emulin]

I went long where the red arrow is on the bottom left.
Put a 10 pip stop loss on it. Decided to go to bed.
Put a 25 pip trail stop on it. And woke up to this.
Still open @+100 pips.

Cosmoe1

thats awesome, and z-line trade also

but, dont you wait for daily range to be wider, at least 50 pip or somthing...?

i dont know if that was pure luck or you had some analisys told you do it.

Whats a z-line trade?

Cos

some "method" from Never lose again thread....

[cosmoe1]

I went long where the red arrow is on the bottom left.
Put a 10 pip stop loss on it. Decided to go to bed.
Put a 25 pip trail stop on it. And woke up to this.
Still open @+100 pips.

Cosmoe1

thats awesome, and z-line trade also

but, dont you wait for daily range to be wider, at least 50 pip or somthing...?

i dont know if that was pure luck or you had some analisys told you do it.

Whats a z-line trade?

Cos

some "method" from Never lose again thread....

I only trade RAT

cos

[emulin]

I went long where the red arrow is on the bottom left.
Put a 10 pip stop loss on it. Decided to go to bed.
Put a 25 pip trail stop on it. And woke up to this.
Still open @+100 pips.

Cosmoe1

thats awesome, and z-line trade also

but, dont you wait for daily range to be wider, at least 50 pip or somthing...?

i dont know if that was pure luck or you had some analisys told you do it.

Whats a z-line trade?

Cos

some "method" from Never lose again thread....

I only trade RAT

cos

thanks for answering my question