2009.09.10 DRAIN THE BANKS - LIKE A RAT

[bredin]

Oh dear... what have I reduced the RAT to?





Smilies show new D1 high/lows, prices show entries.

Next step: riding the D1 bar from end to end

edited for asthetics

G.

[TheRumpledOne]

Oh dear... what have I reduced the RAT to?

DO TELL!!

[bredin]

Id just wondered what the entries would look like If i only looked at the entries directly after a new D1 extreme was set (those are the smilies).

They look like good quality to me
there is no H1/D1/W1 filtering on those entries.

It looks to me like the nemesis of the rat is the long slow ascent (or decent), which I can see on EU last friday, however it provides the op for the other rat to ride the candle.... no double-entendre intended.... Now I see the rat as a kind of rodent kumite, winner takes the most cheese.

G.

[TheRumpledOne]

What color rat are you, Bredin?

Don't tell me you're a YALE STUDENT!!

[prochargedmopar]

What color rat are you, Bredin?

Don't tell me you're a YALE STUDENT!!

TRO,

Say for instance I'm a Green rat BUT I trade only 2 pairs.
eur/usd and usd/chf.
As one goes up the other goes down and vise/versa.

I will almost always have a setup for a green rat trade right around the corner. Am I really a green rat?

[TheRumpledOne]

Green Rats only trade long.

If you only trade long, then you could be a Green Rat.

[prochargedmopar]

TRO,

Why do you teach to enter at a specific price point. Very clear and precise entry's at that?

Aren't you afraid that the liquidity of the market will be such that you get a wider spread or slippage when all your follows have orders set at the same level?

I have sent a check to MBtrading. Are we gonna be fighting over the same funds?
LOL

[bredin]

He he, I was noting how different rats see the world

Im a RED RAT, but dont tell the greenies!

G.

[Pro Trader]

UJ 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

In the trade a while before profit (never cancel a SL)

Took 7 pips

[TheRumpledOne]

OPPORTUNITY...