2009.09.10 DRAIN THE BANKS - LIKE A RAT

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lukx
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Postby lukx » Thu Aug 19, 2010 2:07 pm

11 winning trades = + 55pips
9 loosing trades = -90 pips

common how you can be profitable with such odds.

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trueblueTEX
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Postby trueblueTEX » Thu Aug 19, 2010 2:09 pm

why did you let them go to sl each time?

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lukx
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Postby lukx » Thu Aug 19, 2010 2:11 pm

trueblueTEX wrote:why did you let them go to sl each time?


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

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Postby trueblueTEX » Thu Aug 19, 2010 2:26 pm

6) Take whatever profit you can.

Not what losses you can.

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lukx
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Postby lukx » Thu Aug 19, 2010 2:38 pm

i'm taking 5 pips so I should be risking 10 and taking 1 pip ?!

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trueblueTEX
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Postby trueblueTEX » Thu Aug 19, 2010 2:40 pm

Isn't taking 1 pip better than losing 10?

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TheRumpledOne
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Postby TheRumpledOne » Thu Aug 19, 2010 3:47 pm

lukx wrote:Today, whole day i traded TRO method (rat zone, rat entry) sl 10 pips target 5 pips. Here are results... it is above 2% but not profit , rather loss :

Image


Stick with ONE PAIR!!

You learn to juggle ONE BALL AT A TIME.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Thu Aug 19, 2010 3:49 pm

trueblueTEX wrote:Isn't taking 1 pip better than losing 10?


:)
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Aug 19, 2010 3:52 pm

Yes, he is over trading.

Start balance was $197.73

at one time the account was $203.03

203.03 - 197.73 = 5.30

5.30 / 197.73 = 2.68 %

GAME OVER.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby MightyOne » Thu Aug 19, 2010 4:28 pm

tfg wrote:MO, trading gbpusd on H1 and H4, what would be your SL levels?

Reading from what you said, 30 pips and 50 pips respectively sound reasonable?

...given TRO trades 5m with a 10 pips SL (already included spreads)

MightyOne wrote:
nkhawaja wrote:I am on M1 or M5, mostly M5 and trying to be within 20pips. I see the difference between your method and TRO is the stop loss.

so the screen shot is of H4 time zone, is it mostly what you trade on. +5/7 pips on H4 isnt it very low?


When trading the Rat on a large TF I use 1/10 leverage.

5 pips = 50 pips.

You get the same result with less risk but you have to wait out a larger move.

I call it long term scalping :lol:


You can easily make money using what TRO showed you as well.

Just please look at the surrounding PA.

If price is skyrocketing upwards on a >60* angle then you are a dumb ass if you take a short trade.

Try and mix it with logic...

If you are trading the short term charts then pick one direction.

If you are frequently getting stopped out then that should encourage you to use limit orders.



If you are trading the Macro Rat then your SL is the midpoint between the highest high and entry point.

Your leverage is reduced to 1/10 to "scalp" the long term charts.

A 34 pip SL then becomes the equivalent of a 3.4 pip SL

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