Search found 33 matches

by skivers
Sat Nov 20, 2010 12:24 pm
Forum: TheRumpledOne
Topic: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Replies: 4528
Views: 2417532
Gender: None specified

http://kreslik.com/forums/userpix/8987_short_1.png as you can see from this shot I do not get winners 100% of the time. lost 10 pips on first trade. closed out 2nd trade +20 pips. losing is just part of trading. cos Nice trading cosmoe1. Looking at your chart has made a light bulb come on. A green ...
by skivers
Sun Nov 14, 2010 6:48 pm
Forum: TheRumpledOne
Topic: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Replies: 4528
Views: 2417532
Gender: None specified

Re: Question on: Trade like a RAT...

maddman wrote:Please excuse my lack of understanding but maybe you or someone could give me some clarity? Q. A trade is placed when the candle moves into zone within 20 pips of the high or low. Correct? Also, what I then am expecting is a reversal in that zone to make 5 pips or more before exiting the position with your chosen amount of pip profit? Correct? Lastly is the trade place when? When the candle in the zone closes and still in the zone?
trueblueTEX wrote:eeeewwwww, eeeewwwww, eewwwwww (Horshack voice) I know this one!!

He only trades one per day.


May I suggest you try reading the first 15 pages of this thread - It is explained in much better detail than I can give in one post.

You will probably learn even more that I did :)
by skivers
Sun Nov 14, 2010 11:50 am
Forum: TheRumpledOne
Topic: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Replies: 4528
Views: 2417532
Gender: None specified

Not exactly in the rule book but here it goes: http://i52.tinypic.com/308ccic.gif http://i55.tinypic.com/func08.gif Interesting- You took two shots after the same higher high with a +3 followed by +17 - that little green price rejection candle gave you the reason to get in again. I was saying that ...
by skivers
Sun Nov 14, 2010 11:19 am
Forum: TheRumpledOne
Topic: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Replies: 4528
Views: 2417532
Gender: None specified

MightyOne wrote:Not exactly in the rule book but here it goes:

http://i52.tinypic.com/308ccic.gif

http://i55.tinypic.com/func08.gif


Interesting- You took two shots after the same higher high with a +3 followed by +17 - that little green price rejection candle gave you the reason to get in again.
by skivers
Fri Nov 12, 2010 7:29 pm
Forum: TheRumpledOne
Topic: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Replies: 4528
Views: 2417532
Gender: None specified

A sixth sense do NOT necessarily make you a YALE Student. 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 ...
by skivers
Fri Nov 12, 2010 2:21 pm
Forum: TheRumpledOne
Topic: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Replies: 4528
Views: 2417532
Gender: None specified

http://i49.tinypic.com/1197bd2.gif The first 2 green rat reversals were losing entries. Do you see a reason not to enter those trades? Hints: There are at least 2 reasons. Use your eyes to see - do not think about it. Well, in spite of TRO saying "if the rules do not mention it , it is of no c...
by skivers
Fri Nov 12, 2010 2:00 pm
Forum: TheRumpledOne
Topic: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Replies: 4528
Views: 2417532
Gender: None specified

http://kreslik.com/forums/userpix/11079_CaughtOut_1.jpg Got caught out twice. :cry: Waited for price to be within 20pip of low, bought on high of previous green candle..both trades are loser..What did i not see here.. I want to be green rat ps:Pardon my poor english :oops: Nice screenshot to discus...
by skivers
Thu Nov 11, 2010 10:02 pm
Forum: TheRumpledOne
Topic: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Replies: 4528
Views: 2417532
Gender: None specified

http://kreslik.com/forums/userpix/11079_CaughtOut_1.jpg Got caught out twice. :cry: Waited for price to be within 20pip of low, bought on high of previous green candle..both trades are loser..What did i not see here.. I want to be green rat ps:Pardon my poor english :oops: Nice screenshot to discus...
by skivers
Sat Nov 06, 2010 10:23 am
Forum: TheRumpledOne
Topic: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Replies: 4528
Views: 2417532
Gender: None specified

Re: Question

Hi TRO, If I remember correctly, you have mentioned before that we should: (1) trade in the same direction (color) as the current H1 bar. (2) trade only one color, i.e. be a green or red rat. My question is whether we must follow condition (1) AND (2), or do we just follow (1) OR (2)? I agree with ...
by skivers
Fri Nov 05, 2010 3:47 pm
Forum: TheRumpledOne
Topic: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Replies: 4528
Views: 2417532
Gender: None specified

I was pleased to take this trade a few mins ago - I still have an itchy get out of the market finger - but at least I initially used TRO's idea of having a plan for moving my stop - closed the platform after that. Have a great weekend http://kreslik.com/forums/userpix/12257_5nov_1.png

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