2009.09.10 DRAIN THE BANKS - LIKE A RAT

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Pro Trader
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Postby Pro Trader » Sat Feb 13, 2010 10:30 pm

Hi TRO is your TRO2009_Multi_Meter_Open similar to or the same as your new TRO2010_MM_CANDLECOLOR?

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Postby gangsta1 » Sun Feb 14, 2010 11:34 am

Question for GREEN RATS: Are you adding the spread to the high of the set-up candle? E.g. High of green candle is 1.5500, would you place a limit order at 1.5500 or would you place a limit order at 1.5500 + spread so if spread was 1 pip then entry would be 1.5501.

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Postby TheRumpledOne » Sun Feb 14, 2010 3:52 pm

Pro Trader wrote:Hi TRO is your TRO2009_Multi_Meter_Open similar to or the same as your new TRO2010_MM_CANDLECOLOR?


Different implementation, same results.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Sun Feb 14, 2010 3:53 pm

gangsta1 wrote:Question for GREEN RATS: Are you adding the spread to the high of the set-up candle? E.g. High of green candle is 1.5500, would you place a limit order at 1.5500 or would you place a limit order at 1.5500 + spread so if spread was 1 pip then entry would be 1.5501.


What are YOU doing?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby gangsta1 » Sun Feb 14, 2010 4:43 pm

Adding the spread, And you?

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Postby ab1 » Sun Feb 14, 2010 11:37 pm

Tro

Think I entered this question in the wrong place so Ill do it again here.....

The Rat Zone indicator Ive notice doesent reset automatically at the start of each trading day.....you have to switch back and forth between time frames to reset it...is that normal or is there a fix for that.

Thanks


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Postby ab1 » Mon Feb 15, 2010 12:05 am

Tro

I see that the D1/W1 Bias also needed to be reset by reloading the indicators....not a problem, but is that what has to be done every day? and do you know what other indicators, if any, need that as well.

Many Thanks


ab1

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Postby TheRumpledOne » Tue Feb 16, 2010 11:34 pm

ab1 wrote:Tro

Think I entered this question in the wrong place so Ill do it again here.....

The Rat Zone indicator Ive notice doesent reset automatically at the start of each trading day.....you have to switch back and forth between time frames to reset it...is that normal or is there a fix for that.

Thanks


ab1


I'll have to take a look at the code.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Wed Feb 17, 2010 12:25 pm

Image

Opportunity....


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 to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby gangsta1 » Wed Feb 17, 2010 1:04 pm

How about clearing up if YOU enter on the bid or ask when taking green rats.

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