2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

WHAT A DAY TO BE A RED RAT!!

[TheRumpledOne]

TRO,

I've been paper trading this method. Do you find commissions eat you up sometimes?

Thanks

No.

[ewcraigs]

How do you prevent it? It seems like it sometimes whips you in/out of a trade. How are you selective between all of the long trades.

TRO,

I've been paper trading this method. Do you find commissions eat you up sometimes?

Thanks

No.

[TheRumpledOne]

How do you prevent it? It seems like it sometimes whips you in/out of a trade. How are you selective between all of the long trades.

TRO,

I've been paper trading this method. Do you find commissions eat you up sometimes?

Thanks

No.

Switch to H1 or H4 candles if you find yourself being "whipped".

[TheRumpledOne]

GREEN RATS GETTING FAT!!

[TheRumpledOne]

GO GREEN RATS, GO!

[TheRumpledOne]

RATS or Yale students?

http://www.nuclearphynance.com/default.aspx

[TheRumpledOne]

Let's clear things up:

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

[TheRumpledOne]

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"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."

[TheRumpledOne]

Interesting:

http://gicharts.blogspot.com/2011/03/ho ... ading.html