2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

Are you long with the Green H1 candle in the Rat Zone?

[hopearisen]

Hi Tro,
I must say THANK YOU! once again for your great work. Yes I was loooooong on the Green H1. 1st trade to lock in over 10pips, I'm obligue and obediency pay off. now what? I'll practice more plus follow your instuction,you make my day--thanks

[TheRumpledOne]

I thought YESTERDAY was GROUND HOG DAY.

Seems like the same thing keeps happening to the EURUSD... LOL!!

[1992 DREAM TEAM]

i am new to trading. is this a valid rat trade?

[Soda Stereo]

Hi TRO,
Can you tell me if this is correct with respect to the rat experiment?
1. The rat goes only in one direction and has a 60% success rate versus going both ways as the Yale students did and had a 52% success rate. So if going in one direction has more success, why go for a lower rate when you can have more success in one direction? Do you want to be beaten by a rat?
2. ?The dice was rigged? does this refer to the dealer and long trades vs short trades?

[TheRumpledOne]

What do you mean lower rate?

No, the rigged dice just meant going left was more profitable than going right.

The rats figured it out. The Yale students didn't.

[Soda Stereo]

Lower rate of success. 52% vs 60 %

[TheRumpledOne]

An aHA moment for THE RAT!!



Someone asked me about Heiken Ashi (HA) candles in the TWO PERCENT CLUB chatroom.

I told them HA candles can be profitable and stop you from over trading.

GREEN RAT HA REVERSAL - LONG ENTRY CRITERIA:

1) RED HA CANDLE CLOSES
2) GREEN HA CANDLE CLOSES
3) ENTER LONG AT OPEN OF NEXT CANDLE.

STOP LOSS IS ALWAYS 10 PIPS.


RED RAT HA REVERSAL - SHORT ENTRY CRITERIA:

1) GREEN HA CANDLE CLOSES
2) RED HA CANDLE CLOSES
3) ENTER SHORT AT OPEN OF NEXT CANDLE.

STOP LOSS IS ALWAYS 10 PIPS.

rat_post_aha template attached.

[forexbob]

An aHA moment for THE RAT!!



Someone asked me about Heiken Ashi (HA) candles in the TWO PERCENT CLUB chatroom.

I told them HA candles can be profitable and stop you from over trading.

GREEN RAT HA REVERSAL - LONG ENTRY CRITERIA:

1) RED HA CANDLE CLOSES
2) GREEN HA CANDLE CLOSES
3) ENTER LONG AT OPEN OF NEXT CANDLE.

STOP LOSS IS ALWAYS 10 PIPS.


RED RAT HA REVERSAL - SHORT ENTRY CRITERIA:

1) GREEN HA CANDLE CLOSES
2) RED HA CANDLE CLOSES
3) ENTER SHORT AT OPEN OF NEXT CANDLE.

STOP LOSS IS ALWAYS 10 PIPS.

rat_post_aha template attached.

Thanks for the template,

lets see if my rat is not turning left when there is NO cheese!

[hopearisen]

Hi Tro,
TRADE WITH THE BIAS NOT AGAINST IT
1)If the weekly/daily/hourly candle is RED then the
weekly/daily/hourly bias is DOWN.
2)If the weekly/daily/hourly candle is GREEN the
weekly/daily/hourly bias is UP.
Please,could you throw more light on this,I mean the wisdom of implementation/combination to trade with regards to tro-multimeter-candle color.
There seems to be more embedded in the multimeter_candle_ color to aid trade entry. how do you combine the indicator candle colours to trade specific green rat trade.
I am curious after watching and taking trade successfully with the combination you illustrated above with--wkly and hrly candle.

thank you