2009.09.10 DRAIN THE BANKS - LIKE A RAT

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MightyOne
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Postby MightyOne » Sat May 29, 2010 4:12 pm

TheRumpledOne wrote:You say I could exit here but where was the entry?


The discussion was about exits, the entry was your entry :wink:

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TheRumpledOne
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Postby TheRumpledOne » Mon May 31, 2010 1:28 pm

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."
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Mon May 31, 2010 1:50 pm

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Results.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Mon May 31, 2010 2:03 pm

Good read:

http://insideouttrading.com/gifts/no-mo ... tainty.pdf

Looks like the RAT REVERSAL fits the criteria!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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jackm1
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Name of the indicator

Postby jackm1 » Mon May 31, 2010 6:31 pm

Can someone please tell me the name of this donational indi and whether it was sent out last year ( which month ). Thanks Kindly.
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cosmoe1
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Thanks TRO

Postby cosmoe1 » Tue Jun 01, 2010 1:45 am



I closed the trade when I did becausse I reached my daily goal on this one trade.

Cos

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

Image

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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TheRumpledOne
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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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