2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 03, 2010 1:14 pm

Avery, are you actually trading on 5m chart? All your examples are on 5m charts.

YES

Although I understand prices are the same regardless of timeframes, there is a big difference in terms of signal. Very often in your examples, a rat trigger appears on your 5m chart that it would have have appeared on 15m chart. i.e. what is a rat trade on 5m is not a trade at all on 15m.


How is the result of rat m5 against m15 in your experience? Thanks.


Let's clear things up:

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) THE PRICE IS THE SAME ON ALL CHARTS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Thu Jun 03, 2010 2:36 pm

Image

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



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Postby tfg » Fri Jun 04, 2010 10:00 am

TheRumpledOne wrote:Image

RESULTS.


Avery, you took a long trade when H1 bias is short? Is this contrary to what you previously suggested "Don' trade against the H1 direction"?

tfg

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Postby TheRumpledOne » Fri Jun 04, 2010 1:29 pm

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



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Postby TheRumpledOne » Mon Jun 07, 2010 2:14 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!



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Postby TheRumpledOne » Mon Jun 07, 2010 2:48 pm

Image

RESULTS.

An entry within 20 pips of the daily low, provided an opportunity to make 10 pips or more.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby PipGalore » Mon Jun 07, 2010 3:17 pm

Hello everyone.

I've been reading this forum for awhile now and im all confused because i've been reading too many interesting stuff here.

Anyway, can someone please explain to me the difference between Drain the bank - Like a Rat and Drain the Bank - Rev 9?

i've downloaded and saw both the template and im still confused. Sorry.

Columba
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Rat trading vs. HLs

Postby Columba » Mon Jun 07, 2010 9:09 pm

Good new week to all. A question for TRO and possibly other experienced TRO unsystem traders.

I think this is a stat question for TRO. I am doing some M5 trading with rat reversals and straight rats. I also continue to trade *randomish* HLs, although I usually set my HLs about every 12 pips or so [I really draw in the lines] depending on recent market movement (very unscientific, sorry) using EJ, GU and sometimes EU.

Some days the HL trading is more successful . . . actually, I seem to be getting about equal results from HL trading to rat trading. Rat reversals are best of all.

OVER TIME, should there be a stat advantage to taking the straight rat trades over the HLs?

What I am trying to do is have a comprehensive strategy for the turns (use rat reversals) and for other times (use rat or HL).

Looks like a really warm one in Tucson today, TRO. Used to live there. Wish I still did.

Columba

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Postby TheRumpledOne » Mon Jun 07, 2010 10:36 pm

Columba:

Not sure what you mean by a "straight rat trade" or a HL?

Just remember:

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
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.

Columba
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Refining the rat

Postby Columba » Tue Jun 08, 2010 1:11 am

Right TRO. I do understand the optimal entries for reversals within 20 pips of the daily hi/lo. Also appreciate the logic of trading only longs or shorts.

My question would be if I am trading, say longs only, as price is advancing would I be statistically advantaged to take rat trades as price exceeds the previous bar high wick [that's what I previously called a straight rat trade, not off a reversal] or could there be some advantage to just trading off random horizontal lines (HL) as the price moves up.

I think the HLs are an old (ex?) favorite of yours. They still appeal to me.

Thanks for sharing your genius with us.

Columba

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