2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TygerKrane
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Postby TygerKrane » Wed May 05, 2010 4:16 pm

TheRumpledOne wrote:
Coles wrote:

Hi TRO,
New to posting here, mostly reading thread to get up to speed. What's the name of this indicator and where can I find it? I like the fact that you just wait for it to show you an opportunity.
Thanks.


WELCOME TO THE JUNGLE!

The indicator is TRO2010_MP_HLC_PIPS. It is a DONATIONAL indicator. You can use the FREE TRO_RANGE_GAUGE to get the same information for a single pair.


Hey Coles!
Welcome to Kreslik :!:

This is an example of an MT4 template I made when I was trying Rat Reversals. I felt it was helpful in that it allowed me to see six pairs at one time. Sure, its not as many as TRO's 12 pairs, but I think it's a good start for watching multiple pairs.

I use a 15.6" screen.

Image

Image

NOTE:
The last indi is TRO_RAT_ZONE. I put the '_k' there because I made some minor code changes so that certain colors, line styles, and other personal preferences etc. would be the default when I dragged the indicator from the Navigator pane.

~Friendly neighborhood TygerKrane

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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TheRumpledOne
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Postby TheRumpledOne » Wed May 05, 2010 8:07 pm

Image

Look at where price is YEAR TO DATE (YTD).

Can you SEE OPPORTUNITY?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

morfisher
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Postby morfisher » Wed May 05, 2010 8:12 pm

Hi Tro
Could you send me the donational version for 'buy zone for dummies', I made my first donation a couple of weeks ago. Thanks, am all over with this at the moment, mainly because of the work treadmill, am off over the next couple of weeks so will have plenty of time to try this out. I am trying to make regular profits before I go live.
By the way, the tro tunnel, how does this work, and what's the MA960 about?
Regards.

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TheRumpledOne
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Postby TheRumpledOne » Wed May 05, 2010 8:15 pm

flex wrote:this is the one loser i had today
Image

again i could have gotten out with a tiny profit... but how would i ever be able to let profits run if i did this?


What is

5 * 2?

4 * 3?

If you make 4 - 5 trades and net 2 - 3 pips, that's 10 - 12 pips a day.

If you risk 2%, you increase your account by 2% or more.

You must first learn to capture the small pips BEFORE you go after the larger pips.

Sooner or later you get real lucky and catch a rocket for 10 or more pips.

You need an EXIT PLAY BOOK.

What do you do at:

+ 1 pip - wait

+ 2 pips - wait

+ 3 pips - move stop to break even

+ 4 pips - wait

+ 5pips - move stop to entry + 2

etc.... up to 20 pips or more.

Then STICK TO THE EXIT PLAY BOOK. Your job is to execute. The market will take care of the rest.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

Coles
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Postby Coles » Wed May 05, 2010 9:16 pm

TheRumpledOne wrote:
Coles wrote:

Hi TRO,
New to posting here, mostly reading thread to get up to speed. What's the name of this indicator and where can I find it? I like the fact that you just wait for it to show you an opportunity.
Thanks.


WELCOME TO THE JUNGLE!

The indicator is TRO2010_MP_HLC_PIPS. It is a DONATIONAL indicator. You can use the FREE TRO_RANGE_GAUGE to get the same information for a single pair.


Appreciate your answering TRO.
Thanks.

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Coles
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Postby Coles » Wed May 05, 2010 9:35 pm

TygerKrane wrote:
TheRumpledOne wrote:
Coles wrote:

Hi TRO,
New to posting here, mostly reading thread to get up to speed. What's the name of this indicator and where can I find it? I like the fact that you just wait for it to show you an opportunity.
Thanks.


WELCOME TO THE JUNGLE!

The indicator is TRO2010_MP_HLC_PIPS. It is a DONATIONAL indicator. You can use the FREE TRO_RANGE_GAUGE to get the same information for a single pair.


Hey Coles!
Welcome to Kreslik :!:

This is an example of an MT4 template I made when I was trying Rat Reversals. I felt it was helpful in that it allowed me to see six pairs at one time. Sure, its not as many as TRO's 12 pairs, but I think it's a good start for watching multiple pairs.

I use a 15.6" screen.

Image

Image

NOTE:
The last indi is TRO_RAT_ZONE. I put the '_k' there because I made some minor code changes so that certain colors, line styles, and other personal preferences etc. would be the default when I dragged the indicator from the Navigator pane.

~Friendly neighborhood TygerKrane


Thanks TygerK. I need all the help I can get.

prohlfer
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Postby prohlfer » Wed May 05, 2010 9:55 pm

Just a quick question. What do you use to enter these trades, stop, limit, or market?

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TheRumpledOne
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Postby TheRumpledOne » Wed May 05, 2010 10:36 pm

Limit orders.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

prohlfer
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Postby prohlfer » Wed May 05, 2010 10:52 pm

So, if you are a green rat, you wait for the second green candle to make a new high, then set the limit order to the high of the previous green candle?

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forexbob
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Postby forexbob » Thu May 06, 2010 8:47 am

prohlfer wrote:So, if you are a green rat, you wait for the second green candle to make a new high, then set the limit order to the high of the previous green candle?


for a green rat, after red candle ; green candle
at the next candle i put in a buystop with as price high of previous green candle
and watch if it get filled.
if not cancel order.
(which of course does not work if price goes immediate higher)

study all the diff types of orders at mbtrading

http://www.mbtrading.com/forexOrderTypes.aspx
The highest Forex rebates: http://www.cashbackforex.info

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