2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
trueblueTEX
rank: 500+ posts
rank: 500+ posts
Posts: 532
Joined: Mon Apr 12, 2010 4:38 pm
Reputation: 0
Gender: None specified

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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11418
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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!

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

User avatar
trueblueTEX
rank: 500+ posts
rank: 500+ posts
Posts: 532
Joined: Mon Apr 12, 2010 4:38 pm
Reputation: 0
Gender: None specified

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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11418
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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.
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11418
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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?
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
trueblueTEX
rank: 500+ posts
rank: 500+ posts
Posts: 532
Joined: Mon Apr 12, 2010 4:38 pm
Reputation: 0
Gender: None specified

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.

jackm1
rank: <50 posts
rank: <50 posts
Posts: 14
Joined: Mon Oct 12, 2009 5:07 pm
Reputation: 0
Location: San Francisco, CA
Gender: Male

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

DaleTee
rank: <50 posts
rank: <50 posts
Posts: 9
Joined: Tue Jul 28, 2009 12:28 pm
Reputation: 0
Gender: None specified

Postby DaleTee » Wed Jun 02, 2010 1:44 am

Right click on chart, select properties, select lime for up and bull, select red for down and bear, or select your own color combo.

cosmoe1
rank: 50+ posts
rank: 50+ posts
Posts: 118
Joined: Wed Jul 29, 2009 3:22 am
Reputation: 0
Gender: Male

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
rank: 50+ posts
rank: 50+ posts
Posts: 118
Joined: Wed Jul 29, 2009 3:22 am
Reputation: 0
Gender: Male

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”