2009.09.10 DRAIN THE BANKS - LIKE A RAT

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lukx
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Postby lukx » Thu Sep 16, 2010 4:16 am

TheRumpledOne wrote:Lukx:

Use H4 instead of M5.

It will slow you down.

Max 1 trade per candle.


Thanks TRO I will try. Tell me please , the SL in case of using H4, I assume it got to be a bit bigger than 10 pips right?

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lukx
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Postby lukx » Thu Sep 16, 2010 4:17 am

bredin wrote:
lukx, the less I chase small pips the more trades I have that do not close in profit and the more money I make. TRO is a master scalper. I am not.

G.


mind boggling sentence :)

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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 16, 2010 4:51 am

dojirock wrote:Hello,

Is there a minimum you need to see on the TRO_MP_HLC_PIPS, 1st column, open-close before you trade within 20 of the high or low, depending on what kind of rat you are?

Dojirock


No.

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 » Thu Sep 16, 2010 4:52 am

lukx wrote:
TheRumpledOne wrote:Lukx:

Use H4 instead of M5.

It will slow you down.

Max 1 trade per candle.


Thanks TRO I will try. Tell me please , the SL in case of using H4, I assume it got to be a bit bigger than 10 pips right?


5) STOP LOSS IS 10 PIPS
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.

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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 16, 2010 10:54 am

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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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 16, 2010 11:32 am

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.


=============================================

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

=============================================

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."
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.

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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 17, 2010 11:21 am

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!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 17, 2010 11:50 am

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.


=============================================

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

=============================================

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."
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.

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trueblueTEX
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Postby trueblueTEX » Fri Sep 17, 2010 12:34 pm

WOW! 28 pips on the GU in 20 min!! I was trying Steve Hopwood's management EA and even went to the little trader's room for a few minutes!!!

Laugh_Smile

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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 17, 2010 12:58 pm

trueblueTEX wrote:WOW! 28 pips on the GU in 20 min!! I was trying Steve Hopwood's management EA and even went to the little trader's room for a few minutes!!!

Laugh_Smile


What does that have to do with DRAINING THE BANKS LIKE A RAT?

PLEASE STAY ON TOPIC!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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