2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- TheRumpledOne
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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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Rat Reversal Trade
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
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:
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.
- TheRumpledOne
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- Joined: Sun May 14, 2006 9:31 pm
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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?
- TheRumpledOne
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- bredin
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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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- bredin
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Yale Results: Took the trade out of the demand zone, waiting for exit.
G.
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- bredin
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Exit @ 89632
G. (edit for typo)
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
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- TygerKrane
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- TheRumpledOne
- rank: 10000+ posts
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- Joined: Sun May 14, 2006 9:31 pm
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- Real name: Avery T. Horton, Jr.
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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 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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