2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Thu Jul 22, 2010 5:51 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.

7) If the rules do not mention it, then it is of no concern.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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bgbearnavy
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Rat Reversal Trade

Postby bgbearnavy » Thu Jul 22, 2010 8:16 pm

TRO,

How did you know to pick that one? There were several green rat reversals before that one. If a trader doesn't pick the exact bottom one, they will get whipsawed to death. I am really struggling with the negative reinforcement.

For me, the RED RAT gets beat up on EURUSD dollar today

Thanks for the clarification,
Jesse





TheRumpledOne wrote: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.

7) If the rules do not mention it, then it is of no concern.

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TheRumpledOne
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Postby TheRumpledOne » Thu Jul 22, 2010 8:32 pm

See the first trade out of the rat zone? Simple and profitable.

Now look closely, how many reversals occurred IN THE ZONE?

And how many of those were losers?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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gangsta1
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Postby gangsta1 » Sun Jul 25, 2010 5:36 pm

I am thinking about getting an EA that takes rat reversals built - I believe it can be done as the EA just needs to find enter the rat setup within 20 pips of the day high/low, very surprised that it hasnt been done yet. Granted that the EA will not be like trading manually for a number of reasons, specifically the fact that the EA will not "take what it can!". However, I believe it would be useful for testing purposes. Anyone with me?

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TheRumpledOne
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Postby TheRumpledOne » Sun Jul 25, 2010 7:52 pm

EAs are for YALE STUDENTS.

The testing has been done. We are trading.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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bredin
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Postby bredin » Sun Jul 25, 2010 9:03 pm

gangsta1 wrote:I am thinking about getting an EA that takes rat reversals built - I believe it can be done as the EA just needs to find enter the rat setup within 20 pips of the day high/low, very surprised that it hasnt been done yet. Granted that the EA will not be like trading manually for a number of reasons, specifically the fact that the EA will not "take what it can!". However, I believe it would be useful for testing purposes. Anyone with me?


Ive already written one.

Im not releasing it.

If you do have to get one, then make sure it only enters for you. then manage your own trade. Coding scalping exits is a lot harder than you think.

G.
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Postby bredin » Sun Jul 25, 2010 11:42 pm

Image

Yale Results: Took the trade out of the demand zone, waiting for exit.

G.
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Postby bredin » Mon Jul 26, 2010 12:08 am

Image

Exit @ 89632 :)

G. (edit for typo)
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TygerKrane
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Postby TygerKrane » Mon Jul 26, 2010 10:20 am

Bredz :D
I think you posted the wrong exit pic, its the same as the entry one...

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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TheRumpledOne
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Postby TheRumpledOne » Mon Jul 26, 2010 1:04 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.

7) If the rules do not mention it, then it is of no concern.
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.


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