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

[TheRumpledOne]

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

[coobin]

One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%).
You still have a 10 pip stop but you had 15 pips of room while you were wiggling your way into a trade.

Hi All

Can somebody please explain me that strategy?

I do not quite get the point here.

Coobin

[BrandX]

One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%).
You still have a 10 pip stop but you had 15 pips of room while you were wiggling your way into a trade.

Hi All

Can somebody please explain me that strategy?

I do not quite get the point here.

Coobin

I drew a chart to help you visualize it, hope it helps.

[LittleKnown]

Brandx buddy why you been so negative, hardly going to be not happy trading microlots to practice a concept after of course the demo test. Stop being a nob, in your 28 posts what have you brought to the table?

[BrandX]

For me trading is fun, by extension the forums are fun as they occasionally offer a strategy that is ludicrous. So, my chart was in the same spirit as the ridiculous strategy.
Now, I am definately not a person to discourage you from employing this method. Here it is in it's original form, use it verbatim and then post the results for us. I have a feeling you might want to alter it a bit after a price reversal or two.

"You need only use your eyes paupau:

http://i41.tinypic.com/ngek29.gif

One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%).
You still have a 10 pip stop but you had 15 pips of room while you were wiggling your way into a trade."

[MightyOne]

For me trading is fun, by extension the forums are fun as they occasionally offer a strategy that is ludicrous. So, my chart was in the same spirit as the ridiculous strategy.
Now, I am definately not a person to discourage you from employing this method. Here it is in it's original form, use it verbatim and then post the results for us. I have a feeling you might want to alter it a bit after a price reversal or two.

"You need only use your eyes paupau:

http://i41.tinypic.com/ngek29.gif

One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%).
You still have a 10 pip stop but you had 15 pips of room while you were wiggling your way into a trade."

How do you have time to trade when you spend all of your time masterbating to your own brain scans? Just wondering...

[BrandX]

Now that's funny MO! You are getting the part about trading/forums being fun. But the subject matter of your humor sort of gives us an insight to your profile info "Single Forever". :>) Maybe lumbar vertebrae alteration/removal could facilitate more options for you. :>)

[BrandX]

Rat trading, draw your zones, make your trades. It gives you entry/exit, is there anything simpler?

[MightyOne]

Now that's funny MO! You are getting the part about trading/forums being fun. But the subject matter of your humor sort of gives us an insight to your profile info "Single Forever". :>) Maybe lumbar vertebrae alteration/removal could facilitate more options for you. :>)

[LittleKnown]

LOL Honey Badger Haha