2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

tfg
rank: 50+ posts
rank: 50+ posts
Posts: 83
Joined: Thu May 06, 2010 8:53 am
Reputation: 0
Location: London
Gender: None specified

Postby tfg » Thu Jun 24, 2010 11:07 pm

zapzinig wrote:Weekly extremes have much more potential for rat reversals.

Image


Zapzinig,

What indicator do you use to display the lines of weekly high/low?

tfg

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

zapzinig
rank: 50+ posts
rank: 50+ posts
Posts: 131
Joined: Fri May 19, 2006 8:57 pm
Reputation: 0
Gender: None specified

Postby zapzinig » Fri Jun 25, 2010 12:08 am

tfg wrote:
zapzinig wrote:Weekly extremes have much more potential for rat reversals.

Image


Zapzinig,

What indicator do you use to display the lines of weekly high/low?

tfg

II_CrashZone

User avatar
Makamilman
rank: <50 posts
rank: <50 posts
Posts: 10
Joined: Sat Apr 21, 2007 12:59 am
Reputation: 0
Real name: Roger McLeskey
Gender: Male

Placing/Adjusting Orders

Postby Makamilman » Fri Jun 25, 2010 2:00 am

I used to trade futures on TS. I wish I new the DTB system then. I used the Matrix Window to enter, edit, and delete orders. It was the greatest tool. Single click to enter and adjust orders. You could easily move your stop by clicking and dragging up the numbers.
Using MT4 seems awkward having to right click on the screen then modify order then press OK and so on. Manually enter order numbers takes too long.
There has to be a better way. To be the quick rat on MT4, I seem to have to adjust my stop in a hurry to gather pips or be eaten. I?m having a problem with that quick adjustment(s).
Is there a similar tool to TS Matrix to enter, adjust orders on MT4 or what is the fastest way?
If there isn't anything but their current order system, it would be great if someone could code such a tool.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11415
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Jun 25, 2010 2:46 am

I do not use MT4 to trade. I use the MB Trading NAVIGATOR.
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
Makamilman
rank: <50 posts
rank: <50 posts
Posts: 10
Joined: Sat Apr 21, 2007 12:59 am
Reputation: 0
Real name: Roger McLeskey
Gender: Male

Postby Makamilman » Fri Jun 25, 2010 3:26 am

So do you use MT4 to chart and just trade with the Navigator?

I went on MB's site and only found a link to a developer?s site for the Navigator.

Did I miss something on their site or where do I find the Navigator to explore?

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

tfg
rank: 50+ posts
rank: 50+ posts
Posts: 83
Joined: Thu May 06, 2010 8:53 am
Reputation: 0
Location: London
Gender: None specified

Postby tfg » Fri Jun 25, 2010 8:55 am

Hi, Avery,

I 've been a green rat doing ok outside the 20 pips daily high/low. However, when I tried green rat trade within the 20 pips daily low, the price kept breaking to a new low and killed the green rat, like catching a falling knife. Clearly, I seem to miss something quite key here but don't know what...?

I trade on M15. Any suggestions that it can help me to better identifying a reversal of daily low? Appreciate it.

tfg

tommydq
rank: <50 posts
rank: <50 posts
Posts: 23
Joined: Wed Apr 01, 2009 3:46 pm
Reputation: 0
Location: Savannah, GA
Gender: None specified

Postby tommydq » Fri Jun 25, 2010 11:15 am

First day of my modified trading plan for the London Session paid off. Two trades today. The first one I only got a pip. On the second trade I made 10 pips on the first 1/2 of the position and set my profit target to 75% of the daily range assuming the the daily high at the time I entered the trade would be the high of the session. I went back to bed and woke 1.5 hrs later to see the 2nd half position closed at my target for a 63 pip gain. A nice 7.4% profit on 2 trades.

[left]http://i756.photobucket.com/albums/xx202/tommydq/Forex%20Trading%20-%20Two%20Percent%20Per%20Day/2010-06-25.png[/left]

tommydq
rank: <50 posts
rank: <50 posts
Posts: 23
Joined: Wed Apr 01, 2009 3:46 pm
Reputation: 0
Location: Savannah, GA
Gender: None specified

Postby tommydq » Fri Jun 25, 2010 11:54 am

I'm a red rat and I've had similar problems trading the London session on up days. I've made most of my pips in the green rat zone on down days. The problem as I see it is during the London session is the length daily candle is still being built. Normally at the London open only 1/4 to 1/3 of the daily range has been traversed and often the London session is creating a down move or up move to create the daily range. On up days I've done best taking more trades with 3-5 pips of profit / trade instead of trying to get my 2% in a single trade. But I also get stopped out at 10 pips more often on those days. You may also want to look at USDCAD / USDCHF on days like today. They'll generally be going in the opposite direction of the GBP and EUR pairs.

tfg wrote:Hi, Avery,

I 've been a green rat doing ok outside the 20 pips daily high/low. However, when I tried green rat trade within the 20 pips daily low, the price kept breaking to a new low and killed the green rat, like catching a falling knife. Clearly, I seem to miss something quite key here but don't know what...?

I trade on M15. Any suggestions that it can help me to better identifying a reversal of daily low? Appreciate it.

tfg

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11415
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Jun 25, 2010 12:03 pm

Image

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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11415
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Jun 25, 2010 12:37 pm

Image

YOUR HOMEWORK...

Study this chart and find the entries.
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.


Return to “TheRumpledOne”