2009.09.10 DRAIN THE BANKS - LIKE A RAT

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jackm1
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Postby jackm1 » Wed Jun 02, 2010 1:18 am

" Change the x and y inputs to 10 and 10... that should make the gauge visible "


Thanks and it is visible now.

How do I get the candles color green and red, I do not get that and therefore can't work the RAT race.
All paid jobs absorb and degrade the mind. -Aristotle

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cosmoe1
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Thanks again Tro

Postby cosmoe1 » Wed Jun 02, 2010 3:02 am

I was re-reading this whole thread again for about the 4th time. I missed this the last 3 times. It sure saved me alot of pips tonite.
(I am a red rat).
Instead of losing 10 pips when price retraces I took 1, 2, or 3, pip profits.

AT +5 pips, I will be ready to bail at +3 if price pulls back.

At +10 pips, I will enter a trailing stop of 4 or 5 pips.

At +15, I will cancel the trailing stop and enter a hard stop at +10.

Then I will move the hard stop up if price moves up.

At +25, I may move the hard stop up to +25 or to a price ending in 0 or 9.

Sometimes, I may exit 1/2 of my position at +20 to lock in a 1% gain.

The idea is to be CONSISTENT. You'll miss out sometimes, but you only need ONE big run and you are done for the day.

Remember, the daily goal is 2% or more and DO NOT OVER TRADE.

Cosmoe1

cosmoe1
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Patience Pays off

Postby cosmoe1 » Wed Jun 02, 2010 3:31 am



Thought I was going to get stopped out, glad I held tight. Got My daily goal of 20 pips on this one trade.

Cosmoe1

jackm1
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Postby jackm1 » Wed Jun 02, 2010 3:45 am

Thanks DaleTee. That was obvious, just did not think staright today I guess, kept looking for some indi and became a YALE student. It happens.
All paid jobs absorb and degrade the mind. -Aristotle

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MightyOne
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Re: Patience Pays off

Postby MightyOne » Wed Jun 02, 2010 5:20 am

cosmoe1 wrote:
Thought I was going to get stopped out, glad I held tight. Got My daily goal of 20 pips on this one trade.

Cosmoe1


The only things you can trust are closed candles.

The current candle will do a lot of things including "stall" to make you sweat, but if the candle hasn't closed then it is just an illusion.

If taking profit when you see it is your plan then way to go Cosmoe1 for having a plan and sticking to it!

Believe that you should win, live long, and prosper. -MO

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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 02, 2010 1:14 pm

Image

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

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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 02, 2010 1:18 pm

jackm1 wrote:" Change the x and y inputs to 10 and 10... that should make the gauge visible "


Thanks and it is visible now.

How do I get the candles color green and red, I do not get that and therefore can't work the RAT race.


Download and use the TEMPLATE I provided at the beginning of this thread.
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.

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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 02, 2010 1:29 pm

Image

Did you get in BEFORE price left the RAT ZONE?

Remember, TRADE WHAT YOU SEE...

If you SEE price reversing, then price IS reversing!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 02, 2010 2:45 pm

ATTENTION ALL RATS


If you are trading more than one pair and you are NOT consistently profitable then pick ONE pair and only trade that pair until you are consistently profitable.


KEEP IT SIMPLE!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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forexbob
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Postby forexbob » Wed Jun 02, 2010 3:17 pm

TheRumpledOne wrote:ATTENTION ALL RATS


If you are trading more than one pair and you are NOT consistently profitable then pick ONE pair and only trade that pair until you are consistently profitable.


KEEP IT SIMPLE!


VERY GOOD POINT TRO !

i do still only 1 pair , EU.
managed 1% daily on avg during last months.

and fellow RAT traders, remember what MO told:

1% daily a year, adds another zero to your base.
and just 6% cumulative per month doubles the base.

do the math, don't overtrade ,
defend the base and work slowly towards your set goals.
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