2009.09.10 DRAIN THE BANKS - LIKE A RAT

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gangsta1
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Postby gangsta1 » Wed Feb 10, 2010 12:21 pm

Took 5 valid rat signals on the GU. Got out when I could. Down 24 pips for the day.


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TheRumpledOne
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Postby TheRumpledOne » Wed Feb 10, 2010 12:41 pm

gangsta1:

Look at the RAT ZONE GAUGE.

What does the H1 Bias say?

What does the D1 Bias say?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Wed Feb 10, 2010 12:42 pm

Image
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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gangsta1
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Postby gangsta1 » Wed Feb 10, 2010 1:29 pm

TheRumpledOne wrote:gangsta1:

Look at the RAT ZONE GAUGE.

What does the H1 Bias say?

What does the D1 Bias say?


Short and Short.

I had previously asked you about rat reversals and the h1 bias and you stated that many will be against the h1 bias.

Do you have an indicator that shows the h1 colors over the candles on the m5 chart?

flex
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Postby flex » Wed Feb 10, 2010 1:36 pm

so for green rats price needs to be above daily open but below daily low + 20 pips? and above hourly open.

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Postby daveM » Wed Feb 10, 2010 1:47 pm

Gangsta

May I suggest that you develop a written trading plan with entry rules clearly defined....

I sense that you are confused as to long or short and a well researched plan will help you immensely.

This system is confusing until you see what it is....... there are many variables, it can be as complex.. OR a simple as you make it...

By developing a written plan and testing each part of it repetitively you will train your eye.

You need only one setup to work with, you do not have to get every pip, find the setup that 'speaks' to you, master that one and then perhaps add another in a few months.

You can know that others have had a difficult time mastering it until they see what the simplicity is. there have been many debates, some very experienced traders have struggled and finally seen the light.

I suggest that you research which is the place to enter for each colour rat, the correct distance from the high or low which will give you the best results.... test your hypothesis repeatedly until you know the precise setup that you want to use.

Keep in mind that there was a lot of statistical research done to develop this system, we users also have to do research to catch up.

Test test test test, prove your theory and then you will do fine.

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Postby TheRumpledOne » Wed Feb 10, 2010 2:05 pm

Image

One trade like this and 2% goal is reached.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Feb 10, 2010 2:06 pm

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RESULT.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Feb 10, 2010 2:56 pm

flex wrote:so for green rats price needs to be above daily open but below daily low + 20 pips? and above hourly open.


NO.

When price is within 20 pips of the daily low, the D1 is usually red. That is why you use the TRO Multimeter CandleColor to see the color of the H1 and W1 candles. It's better to have 2 out of 3 on your side.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Feb 10, 2010 3:00 pm

gangsta1 wrote:
TheRumpledOne wrote:gangsta1:

Look at the RAT ZONE GAUGE.

What does the H1 Bias say?

What does the D1 Bias say?


Short and Short.

I had previously asked you about rat reversals and the h1 bias and you stated that many will be against the h1 bias.

Do you have an indicator that shows the h1 colors over the candles on the m5 chart?



And I also stated REPEATEDLY not to trade against the H1 bias (CANDLE COLOR). Let the H1 candle close and see what happens next hour.
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.

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Thank you for your support.


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