2009.09.10 DRAIN THE BANKS - LIKE A RAT
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I thought Bredin covered this fairly well in his last post.
If you want some serious reading that answers your last question, have a search for an ebook called Phantom Of the Pits. (and thanks to PTG for the reference)
If you want some serious reading that answers your last question, have a search for an ebook called Phantom Of the Pits. (and thanks to PTG for the reference)
Is price closing higher or lower than something? Simple yet powerful question. ..MO
- TheRumpledOne
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LOL.... you see the charts I post - it's not Rev 8 or 9.
I am trading Rat Reversals off the daily low. All I need to know is how far price is away from the daily low and the colors of the candles.
I am trading Rat Reversals off the daily low. All I need to know is how far price is away from the daily low and the colors of the candles.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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"I believe YALE should refer to not understanding the concept of the RAT but I think it would be unfair to criticise one for learning to be familiar with price action as this is more of a skill imo. "
Yale refers to ANY and ALL trading behavior that is not RAT like.
Yale refers to ANY and ALL trading behavior that is not RAT like.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
Daily low or high ???
Hi TRO,
1) Do you reset your daily high/low at midnight or are you using session high/lows (like 4pm-4pm CT 24 hour high/lows) ???
2) I'm currently using TradeStation ... are they ripping me off with spreads and commissions per trade??? I have to make up quite a few pips (spread + commish) before I'm breakeven when trading the RAT.
Thanks!
1) Do you reset your daily high/low at midnight or are you using session high/lows (like 4pm-4pm CT 24 hour high/lows) ???
2) I'm currently using TradeStation ... are they ripping me off with spreads and commissions per trade??? I have to make up quite a few pips (spread + commish) before I'm breakeven when trading the RAT.
Thanks!
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- TheRumpledOne
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2% this morning trading DTB from 6:00 to 7:00am GMT. It can be done.
Took a while and I was only taking a few pips at a time as Im still fairly new to DTB. 4 trades in total:
3 pips
3 pips
3 pips
2 pips
I will note that I could have made more on each of these trades if I let them run. I could have made the 2% on the first trade alone infact. Im sure over time I'll get better at reading PA and hang on a little but 2% is 2% whether you get it on one trade or 4.
I found its impossible to get in on some setups because price can move so fast. The spread on say EJ on occassion is around 2.5 pips. You get a red candle then a green, mark the high of the green candle but the ask line never comes back down to that price and goes without you. I missed quite a few like that hence why I was trading for and hour. But thats trading I guess.
No screen shots Im afraid.
Happy trading to all.
Thanks TRO
Took a while and I was only taking a few pips at a time as Im still fairly new to DTB. 4 trades in total:
3 pips
3 pips
3 pips
2 pips
I will note that I could have made more on each of these trades if I let them run. I could have made the 2% on the first trade alone infact. Im sure over time I'll get better at reading PA and hang on a little but 2% is 2% whether you get it on one trade or 4.
I found its impossible to get in on some setups because price can move so fast. The spread on say EJ on occassion is around 2.5 pips. You get a red candle then a green, mark the high of the green candle but the ask line never comes back down to that price and goes without you. I missed quite a few like that hence why I was trading for and hour. But thats trading I guess.
No screen shots Im afraid.
Happy trading to all.
Thanks TRO
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