Kreslik.com - traders community since 2006

Another very important key, is to only trade in one direction.. That way you will make sure to catch "the low" eventually. So, if you are looking for green rat trades, and you see that the "daily range" is usually around 125 pips, and the market is only at 70 pips for the day, an...

Not that I am any expert by any means.. and this whole "withing 20 pips of the low of the day" discussion is one I have pondered in my head many, many times.. What works for me, is to watch for "the low" of the day to occur, and then green rat trade from there until the middle of...

TRO and his indicators have helped me tremendously..

That's all I can say..

I learned that PATIENCE is necessary when Rat trading, and WAITING for the low/high of the day to confirm entry was vital, as well as EXIT STRATEGY is the name of the game in the Rat's world.

It looks like to me, a way to manage your position so that you can maintain your initial risk position throughout "the day" I guess.. so that if you initially risked 2%, then you create a box that defines that for your account, and then based upon how your trades shake out during the sessi...

Start from the beginning.. What are you trying to do? What makes this mousetrap better? What objective are you trying to obtain? I see your terminology above, and I understand it, but I don't really understand what you are trying to show with it.. And YES, you are correct, nobody asked me.. :-)

Me too..

Kodex,

Try watching for the 2 hrs before the NY open and the next 3 hours after the NY open..

That's what times "seem" to be best for me.

Cosmoe,

If you trade RAT, then it would seem that on your Aussie trade, that you didn't really have a whole lot of data to work with (determining the low of the day) at the time you placed your trade.. At that time the Aussie was in both the RED and GREEN rat zones

300%/week.. that's pretty d*** awesome.. and a very lofty yet achievable goal..

Now the hard part is going to be NOT withdrawing any at $15k, and letting that bad boy get to 6 figures..