2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED

[BrandX]

3xCC Three CC's?
Color
Cloud

Clutter
Confuse

Complicate
Chaos ?

[PebbleTrader]

We tend to think of TIME as the passage of it, as in via a clock.

Time in trading should be thought of more as intervals of price between continuously successive prices.

It is not so much the passage of time that really matters, but the subsequent intervals of price numbers that follow.

[newscalper]

That's just a convoluted way of saying price moved quicker in this time period than this time period yeah? Price velocity, not momentum, as momentum requires mass, which we have no indication of in Forex as we have no volume info.

[BrandX]

Time in trading should be thought of more as intervals of price between continuously successive prices.

Exactly, this is one of the tenets of rat trading. I had my buy-sell zones drawn early in the trading day for GBPUSD....they held without a major directional change.

[MightyOne]

[quote="newscalper"]That's just a convoluted way of saying price moved quicker in this time period than this time period yeah?... (blah blah blah)quote]

It is about comparisons, yes.

[MightyOne]

Missed it while talking to other traders on GT but the stall was 20 pips from the daily high:

http://i40.tinypic.com/2d6qk4x.gif

[TheRumpledOne]

1) price within 20 pips of the CURRENT 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.

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


"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."

[Sylverayda]

Today was a lucky day for red rats. There's always tomorrow though. I know, i know. Don't make any assumptions based on the PAST!!!

[BrandX]

Today was a lucky day for red rats. There's always tomorrow though. I know, i know. Don't make any assumptions based on the PAST!!!

It was fantastic for GBPUSD! It rose through the sell line, retraced back through the buy line and fell like a rock. Did not cross the buy line til 1.5325! From 1.5480 to 1.5325. 150 pips.

Now, if I would've remembered to un-mute my speakers after a phone call I would have heard the alerts and caught most of them. But I did catch 50 of them.

[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 CURRENT 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.


Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!!


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


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