2009.09.10 DRAIN THE BANKS - LIKE A RAT

[ZsApprentice]

Cosmoe,

If you trade RAT, then it would seem that on your Aussie trade, that you didn't really have a whole lot of data to work with (determining the low of the day) at the time you placed your trade.. At that time the Aussie was in both the RED and GREEN rat zones

[kiwiautotrader]

Hi there everyone,

My name is Aj, and can i congratulate everyone on making this such a stimulating site - it really does make addictive reading.

I have been trading rat (as specified) over the past couple of weeks both realtime and backtesting....with shall we say less than favourable results (no doubt due to the something i am doing wrong).

I would really love to meet anyone who is successfully trading either DTB or buyzone as I would appreciate asking a few simple questions. I'll be sure to pay the favour forward

Any help would be greatly appreciated

Kind Regards,
Aj

[cosmoe1]

Cosmoe,

If you trade RAT, then it would seem that on your Aussie trade, that you didn't really have a whole lot of data to work with (determining the low of the day) at the time you placed your trade.. At that time the Aussie was in both the RED and GREEN rat zones

Look back to last fridays low. When the market opened on sunday night, price basiclly went back to fridays lows plus about 5 pips. red candle-red candle-green candle. got in at highest point of green candle, wich was within 20 pips of daily low.

Stop thinking and analizing so much. Just react to price. Do I win every time. NO. My wins percentage is a whole lot higher now than what it was before I started to pay attention to Tro.

Cos

[TheRumpledOne]

Price within 20 pips of the daily low (ClLo <= 20) - that is OPPORTUNITY

Current price - current daily low is less than 20 pips.

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

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

[TheRumpledOne]

<-------------------------------------------------------------------->

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

<-------------------------------------------------------------------->

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.

<-------------------------------------------------------------------->


"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."


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

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

[TheRumpledOne]

Price within 20 pips of the daily low (ClLo <= 20) - that is OPPORTUNITY

Current price - current daily low is less than 20 pips.

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

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

[TheRumpledOne]

<-------------------------------------------------------------------->

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

<-------------------------------------------------------------------->

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.

<-------------------------------------------------------------------->


"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."


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

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

[maddman]

Tro, I'm back... Feels good to be back. Question: Do you advise to not take a trade when out of the Rat Zone? I personally like to take the bounces of the Rat Zone....
Maddman

[MightyOne]

Tro, I'm back... Feels good to be back. Question: Do you advise to not take a trade when out of the Rat Zone? I personally like to take the bounces of the Rat Zone....
Maddman

"<-------------------------------------------------------------------->

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

<-------------------------------------------------------------------->..." -TRO

[TheRumpledOne]

Price within 20 pips of the daily low (ClLo <= 20) - that is OPPORTUNITY

Current price - current daily low is less than 20 pips.

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

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