2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

OPPORTUNITY

[TheRumpledOne]

hey TRO when you release a motherlode on the forum, do the updates in the motherlode come in when you send the updates via email to the people that donated or do we still have to download the motherlode updates aside from the updates we get on email? Thanks

You need to download the Motherlode if you want those FREE indicators.

[TheRumpledOne]

There are a bunch of different strategies going on here, so here is what I see:

trade only long

Using the confines of being within 20 pips of the daily low, follow these rules:

Enter based on red candle close, green candle close, then current candle breaks previous green candle's high.

or enter if green candle hits a price ending in 0

GBPUSD and EURJPY are two good pairs for this.

Are there any times of the day that are better than others for this?

You seem to like M5, but any time frame works, but the higher the time frame, the longer it will take for setup. However, the rewards can be greater with a longer time frame.


Now to tie it all together, this is what your RSG rat reversal indicator is based on, is that correct?

If I'm anywhere near being on the right track, I can easily say this thread has been the most informative I have read.

and always 10 pip SL, and TP whatever you can get. using the MM stopping volume indicator, I can assume if it's green, stay in the trade and if it turns neutral, that's the time to get out, is that correct?

Thanks as always
zule

"There are a bunch of different strategies going on here, so here is what I see:"

No, actually there is only one. "ALWAYS TURN LEFT". That means only trade in ONE DIRECTION - LONG or SHORT.

It doesn't matter what your entry trigger is. You can use SQUIGGLY LINE CROSSOVERS as your entry trigger so long as you "ALWAYS TURN LEFT".

[TheRumpledOne]

[Kenyuki]

There are a bunch of
No, actually there is only one. "ALWAYS TURN LEFT". That means only trade in ONE DIRECTION - LONG or SHORT.

hey tro,

is there any specific reason behind this (apart from obviously basing it on the "rat experiment")?

i mean what if the dtb signals ok to go short and i decided to trade only in one direction, e.g. long? how does that fit?

i understand that pairs are named at a certain order because the base is always stronger than the quote, is that the reason why you always go long only?

thanks for your advise,
Ken

[TheRumpledOne]

Entry within 20 pips of the daily low paid off again.

[TheRumpledOne]

There are a bunch of
No, actually there is only one. "ALWAYS TURN LEFT". That means only trade in ONE DIRECTION - LONG or SHORT.

hey tro,

is there any specific reason behind this (apart from obviously basing it on the "rat experiment")?

i mean what if the dtb signals ok to go short and i decided to trade only in one direction, e.g. long? how does that fit?

i understand that pairs are named at a certain order because the base is always stronger than the quote, is that the reason why you always go long only?

thanks for your advise,
Ken

You are either a GREEN RAT or a RED RAT.

You trade the signals for they type of rat that you are and ignore the other rat's signals.

I don't know about the base being stronger than the quote.

I go long because the rat always turned left.

[TheRumpledOne]

OPPORTUNITY

[TheRumpledOne]

THE DRAINING CONTINUES...

[stevegee58]

Hey TRO I noticed that on your "OPPORTUNITY" screen caps sometimes one or more pairs have an asterisk * (like GBPUSD above).

What's that indicate?