2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 4:08 pm

Image

Price action...

For each candle, Price will either:

a) break through the line above,
b) break through the line below,
c) all of the above
d) none of the above

I have lines plotted every 10 pips.

Price does not like to stay inside the lines.
Last edited by TheRumpledOne on Wed Oct 07, 2009 5:13 pm, edited 1 time in total.
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Postby TheRumpledOne » Wed Oct 07, 2009 4:11 pm

stevegee58 wrote:Hey TRO were you looking for the specific pattern of a red close then a green close? Or could it have been a green close, then a green close within 20 pips of the low?


RED CLOSE WITHIN 20 PIPS OF THE LOW

GREEN CLOSE (USUALLY) WITHIN 20 PIPS OF THE LOW

HAS TO BE RED CLOSE , GREEN CLOSE , THEN GREEN TO GO LONG AT THE HIGH OF THE PREVIOUS GREEN CANDLE.
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Re: dtb-the rat indi

Postby TheRumpledOne » Wed Oct 07, 2009 4:13 pm

mactrader9 wrote:were can i download this indicator ty waiting for reply
keep up the good work here nice forum


What indicator?

Check the September MT4 Motherlode for the indicators and template.
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Postby TheRumpledOne » Wed Oct 07, 2009 5:11 pm

Image


RAT REVERSAL.

Price was within 20 pips of the daily low.

A red candle closed.

A green candle closed with a high price of 1.4678.

The long entry was at 1.4678.

Plenty of profit with very little drawdown.

DON'T LET THE RAT BEAT YOU!!

No, it is NOT the same chart from before.

But the setup was the same!!
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Postby TheRumpledOne » Wed Oct 07, 2009 5:13 pm

noxquces wrote:Can we simply look at the M5 Rat Reverse R S G boxes, if all green then take that trade or also need confirmation on H1 or D1?


NO CONFIRMATION IS NEEDED.
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Postby TheRumpledOne » Wed Oct 07, 2009 5:43 pm

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"Now, 2 patterns of market behaviour happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)"

- H. Rearden

If price is NOT making a new low then it must be reversing from the low.

Just KEEP IT SIMPLE!!
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Postby zulemara » Wed Oct 07, 2009 5:55 pm

TRO could you please clarify:

From what I am gathering, the TRO2009_MP_RAT-SCALPER is just showing you when you have a red close, green close, and go signal when high of previous candle is reached(or vice versa)

Whereas the TRO2009_MP_RAT_REVERSE is showing you when the price is within 20 pips of the daily low with the same parameters as above.

So if you are looking for a higher probability trade, you want to follow the reverse indicator. If you are looking for constant scalping, follow the other indicator which uses the same criteria, but doesn't require to be within 20 pips of the low or high. Is that correct?

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MY Rat seems to be Retarded,

Postby snscott » Wed Oct 07, 2009 6:17 pm

I *MUST* be doing something wrong here.

I have followed the R_S_G inidcator four times now, setting a 10-pip SL. I have now been stopped out 3 of the 4 times - usually within minutes.

ONLY trading one direction- LONG- on one pair, EURUSD.

Only entering when R_S_G all turn to green on 5m chart.

Looking back over the 5 min chart for EURUSD, it sure looks like the bars move OPPOSITE to the RAT_PLOT arrow quite often - but not always. Seems like MY trades always catch the "moves opposite the signal" reversals and get stopped out.

MY RAT keeps running into the damn mouse-trap. :cry:

Very frustrating. :oops:

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 6:31 pm

Image

Price had to leave the 1.465x level.

Either down to 1.454x or up to 1.456x.

KEEP IT SIMPLE!
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Postby zulemara » Thu Oct 08, 2009 3:08 am

zulemara wrote:TRO could you please clarify:

From what I am gathering, the TRO2009_MP_RAT-SCALPER is just showing you when you have a red close, green close, and go signal when high of previous candle is reached(or vice versa)

Whereas the TRO2009_MP_RAT_REVERSE is showing you when the price is within 20 pips of the daily low with the same parameters as above.

So if you are looking for a higher probability trade, you want to follow the reverse indicator. If you are looking for constant scalping, follow the other indicator which uses the same criteria, but doesn't require to be within 20 pips of the low or high. Is that correct?

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