2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Sat Mar 06, 2010 11:50 pm

gangsta1 wrote:Lets start a poll. How many pips do you take?

I usually bail for 3 to 4....The one thing I dont like about this method is that the stop is greater than the target!


You can start new thread for your poll.

PLEASE STAY ON TOPIC IN THIS THREAD.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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gangsta1
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Postby gangsta1 » Sun Mar 07, 2010 1:40 pm

Okay, lets forget the poll.

How many pips are you rat traders targetting? Seems like most of us are bailing with what we can. Is there anyone staying in the long runners?

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JESGPY
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Postby JESGPY » Sun Mar 07, 2010 2:00 pm

i dont think gangta1's poll was out of topic. because its asking how many pips the people taking with the method shown on this topic.
And also that can contribute to show what some are doing wrong.

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JESGPY
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Postby JESGPY » Sun Mar 07, 2010 2:03 pm

Patch wrote:JESGPY

MS paint comes with Windows right? Does it have screen capture capability? If not, how do you get a chart into Paint to save it?

Thanks
Patch


yes it comes with Windows. You just save your chart at MT4 and then open that chart you saved in MS Paint and then just "Save As" .PNG.

JUAN

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Postby scheeco » Mon Mar 08, 2010 11:46 am

Ok,
took a trade this morning at 11:05 GMT.
Folllowing RAT trade and advise from PRO Trader (thanks mate!)
Less indicators.
It was a small profit but I am only in the process of building confidence with this.Take what I can!

Seems that top and bottom of the hour are the places to watch for opportunities.
Attached are my thoughts and reason for entries.
Image

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Postby scheeco » Mon Mar 08, 2010 12:20 pm

another one at 12:05 GMT.
Below again my thoughts - sorry for spamming but I the last 3 weeks I really lost loads of pips and considered myself cheese fodder. So hopefully the screenshots will help me, and others and perhaps those who know can direct where I am doing something wrong.
Image

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Postby scheeco » Mon Mar 08, 2010 1:33 pm

Ok , another one at 13:05 GMT...also nearly stopped me out at (SL =10pips)
Image

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Postby forexbob » Mon Mar 08, 2010 11:50 pm

gangsta1 wrote:Okay, lets forget the poll.

How many pips are you rat traders targetting? Seems like most of us are bailing with what we can. Is there anyone staying in the long runners?


as TRO said, take what you can.
but he also asked: do you have a plan ??

so we are here touching a part of the plan. The entry rules are clear defined.
but what is at the back of that paper with entry rules?

blank?! or ...
a well defined set of exit rules.

mine are just a 'work in progress'
will move sl to breakeven + 1 when x pips in profit
move my sl up in several steps
and further trailing stop.

now here just not set fixed numbers, because what i do now
is under test and maybe just not the best way.
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TheRumpledOne
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Postby TheRumpledOne » Tue Mar 09, 2010 1:10 am

scheeco: You took 2 long trades and a short trade. You do realize that makes you a YALE STUDENT!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby cwn6161 » Tue Mar 09, 2010 2:19 am

scheeco - try doing rat trades in either the short or long direction, not both. for now, don't even look at doing rat reversals. that way you get a feel for the method.

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