2009.09.10 DRAIN THE BANKS - LIKE A RAT

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tfg
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Postby tfg » Tue Jul 27, 2010 9:12 pm

Does anyone trade RAT on D1?

Grateful if you could share your SL and TP level and experience?

tfg

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TheRumpledOne
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Postby TheRumpledOne » Wed Jul 28, 2010 12:30 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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Rubyrover
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Postby Rubyrover » Wed Jul 28, 2010 1:41 pm

Hi TRO

I have been reading this thread with great interest as I am new to this Forum. I note that you usually post only 1 chart from OPPORTUNITY even where there are a number of pairs that are within 20 pips of the daily low.

Please would you mind letting me know which pairs you prefer to trade and the reasons that you trade those in preference to the others?

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TheRumpledOne
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Postby TheRumpledOne » Wed Jul 28, 2010 2:25 pm

Image

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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TheRumpledOne
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Postby TheRumpledOne » Wed Jul 28, 2010 3:24 pm

Rubyrover wrote:Hi TRO

I have been reading this thread with great interest as I am new to this Forum. I note that you usually post only 1 chart from OPPORTUNITY even where there are a number of pairs that are within 20 pips of the daily low.

Please would you mind letting me know which pairs you prefer to trade and the reasons that you trade those in preference to the others?


Once I pick a pair to trade for the day, I usually stick with that pair.

Usually, I trade pairs having the highest hourly average ranges.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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tfg
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Postby tfg » Wed Jul 28, 2010 3:29 pm

Hi, Avery, do you have an indicator that shows multipair average daily range? If so, what is the name please?

Thanks.

tfg

TheRumpledOne wrote:
Rubyrover wrote:Hi TRO

I have been reading this thread with great interest as I am new to this Forum. I note that you usually post only 1 chart from OPPORTUNITY even where there are a number of pairs that are within 20 pips of the daily low.

Please would you mind letting me know which pairs you prefer to trade and the reasons that you trade those in preference to the others?


Once I pick a pair to trade for the day, I usually stick with that pair.

Usually, I trade pairs having the highest hourly average ranges.

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TheRumpledOne
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Postby TheRumpledOne » Wed Jul 28, 2010 9:24 pm

Image

TRO2010_MP_INTERNAL will show the ATR for multiple pairs.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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tfg
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Postby tfg » Wed Jul 28, 2010 9:52 pm

TheRumpledOne wrote:Image

TRO2010_MP_INTERNAL will show the ATR for multiple pairs.


Thank you very much, Avery. Can I use it to display average hourly range? If not, any other indicators?

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Postby bredin » Wed Jul 28, 2010 10:17 pm

tfg,

II_RANGE will do that nicely, too :)

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tfg
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Postby tfg » Wed Jul 28, 2010 10:33 pm

bredin wrote:tfg,

II_RANGE will do that nicely, too :)

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Thanks, Bredin.. Nice one!

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