2009.09.10 DRAIN THE BANKS - LIKE A RAT

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Jalarupa
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Postby Jalarupa » Sat Mar 20, 2010 6:09 pm

Baby steps... hehehe ;-)

Will get there though :P

*edit* keen to start learning what Zline trading is all about... Give me a few weeks while I read the DTB and NLA threads and hopefully we'll start seeing more n more lines disappearing.

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Postby Pro Trader » Tue Mar 23, 2010 9:02 am

Havent posted in a while but I'm back.

I was trying to see how I could integrate Bredrins new indi with how I trade DTB.

I'll just focus on DTB for now and keep things simple

USDCHF Long

W1 is up so only trade long

White rectangle shows previous support
Blue rectangle shows price breaking that support
Red candle close
Green candle close (above H1)
Long at high of green candle

Entry price is shown using TRO's Rat PLot indicator

Took a few pips

Image

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TheRumpledOne
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Postby TheRumpledOne » Tue Mar 23, 2010 11:14 am

Image


1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."


GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Tue Mar 23, 2010 12:26 pm

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RESULTS.

GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Pro Trader » Wed Mar 24, 2010 6:31 am

EJ Long

Simple green rat trade within 20 pips of the daily low and with H1

Interesting to note that price did break the previous support level aswell.

I did not consider W1 with this trade. Just H1 and the fact that price was within 20 pips of the daily low

Took a few pips

Image

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Postby Pro Trader » Wed Mar 24, 2010 6:41 am

EU Long

Simple green rat trade within 20 pips of the daily low and with H1

Interesting to note that price met the previous support level aswell.

I did not consider W1 with this trade. Just H1 and the fact that price was within 20 pips of the daily low

Took a few pips

Image

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Postby Pro Trader » Wed Mar 24, 2010 7:03 am

AUDUSD Long

Simple green rat trade within 20 pips of the daily low and with H1

Interesting to note that price did break the previous support level aswell.

I did not consider W1 with this trade (though it was green also). Just H1 and the fact that price was within 20 pips of the daily low

Took a few pips

Daily target reached

Image

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TheRumpledOne
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Postby TheRumpledOne » Wed Mar 24, 2010 1:00 pm

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



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TheRumpledOne
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Postby TheRumpledOne » Wed Mar 24, 2010 1:11 pm

Image


RESULTS.

GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.
__________________
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Pro Trader » Thu Mar 25, 2010 6:31 am

AUDUSD Long

Simple green rat trade within 20 pips of the daily low and with H1

I did not consider W1 with this trade.

Red candle close
Green candle close (above H1)
Long at high of green candle

Entry shown at yellow line which is also a psych level

Took a few pips

Image

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