2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Tue Jun 01, 2010 1:10 pm

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

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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Postby TheRumpledOne » Tue Jun 01, 2010 3:01 pm

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Price left the 20 pip rat zone before the rat reversal trigger... did you catch it?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: Name of the indicator

Postby TheRumpledOne » Tue Jun 01, 2010 3:04 pm

jackm1 wrote:Can someone please tell me the name of this donational indi and whether it was sent out last year ( which month ). Thanks Kindly.


TRO2009_MP_HLC_PIPS or TRO2010_MP_HLC_PIPS

I don't remember which month it was sent.
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jackm1
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Postby jackm1 » Tue Jun 01, 2010 5:21 pm

Thanks TRO, however, as you can see in the attached picture I still do not get the candle colors or "Drain the Banks" cockpit. Can you please advise what am I missing here.....Thanks.
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trueblueTEX
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WOW!!!!

Postby trueblueTEX » Tue Jun 01, 2010 7:57 pm

I have had more consecutive winning trades (all demo) using the Green Rat Reversal than I've EVER had doing anything else!!! I have a hot key to go long and a hot key to close (also use the Move SL TP by Mouse EA -- but not really utilizing it much, yet). I still CANNOT see how one would have the time to put in a limit order!!!!

Now that I've got some kind of confidence with this I will run it demo for a while more and then hopefully fund a real account!!!

Thanks, Avery!!!

Let me ask you this: is it really this easy?!?!

When I first looked into trading forex 2 years ago, I thought that maybe the best way to trade was to watch price go in a certain direction for a while, get in, then get out if it starts going against you. Everyone said that was naive.

It seems to me that that is basically just what I'm doing NOW with the Rat Reversal trades.

Tex

aka: Chuck

ps: I've been trading for 2% per day and only GU, that's trading 1.2 or 1.3 lots per trade on a 6k account and I've made more than $500 dollars. The big losses that I've had (SL) have always been because I was fooling with scripts or the move sl tp by mouse EA. I have had some small wins of $10 per trade while avg has been $60-ish.

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TheRumpledOne
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Postby TheRumpledOne » Tue Jun 01, 2010 9:57 pm

Easy? Practice makes it easy.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby trueblueTEX » Tue Jun 01, 2010 9:58 pm

TheRumpledOne wrote:Easy? Practice makes it easy.

That's what I'm working on!!

Just bagged another 3.1 pips!! = $40.30

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TheRumpledOne
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Postby TheRumpledOne » Tue Jun 01, 2010 9:58 pm

jackm1 wrote:Thanks TRO, however, as you can see in the attached picture I still do not get the candle colors or "Drain the Banks" cockpit. Can you please advise what am I missing here.....Thanks.


Change the x and y inputs to 10 and 10... that should make the gauge visible.
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TheRumpledOne
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Postby TheRumpledOne » Tue Jun 01, 2010 10:03 pm

PONDER THIS...

If you enter a rat reversal trade and your stop has never been threatened, what does that imply?
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Postby trueblueTEX » Tue Jun 01, 2010 10:19 pm

TheRumpledOne wrote:PONDER THIS...

If you enter a rat reversal trade and your stop has never been threatened, what does that imply?


It would imply price can't push down (Green Rat) at least for time being.

My 3.1 trade would be about 17 pips right now if I had let it go.

Currently, I bail on the trades when I see my "profit" (potential) be threatened, not my SL.

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