2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Tue Sep 21, 2010 8:41 pm

trueblueTEX wrote:Stopped out for 10.8 pips.


It looks like you could have made 1 or 2 pips.

You were in the trade for over 5 minutes.

If price is NOT going your way then it is going AGAINST you.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Tue Sep 21, 2010 8:50 pm

pika wrote:
TheRumpledOne wrote:
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."


Hi Avery,

Thank you for sharing your Rat Reversal method which I follow with interest. I would like to clarify what you mean by the statement "The RAT REVERSAL is only one entry method." Do you mean this method should be used only once a day? Or it should not be entered more than once when a trade is running? Or it should not be entered concurrently with more than one pair at any one time? Or do you mean entry should only be based on only one direction consistently (i.e. one must choose to be either a green or a red rat, but not both)? etc... Look forward to your advice.

Ken


" I would like to clarify what you mean by the statement "The RAT REVERSAL is only one entry method." "

It means you can use whatever entry method you like such as moving average crossover, RSI, ATR, horizontal lines, breakouts, etc... SO LONG AS, you enter within 20 pips of the daily high/low.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby trueblueTEX » Tue Sep 21, 2010 8:53 pm

TheRumpledOne wrote:
trueblueTEX wrote:Stopped out for 10.8 pips.


It looks like you could have made 1 or 2 pips.

You were in the trade for over 5 minutes.

If price is NOT going your way then it is going AGAINST you.


Like 55 minutes, actually!!

Ok, lesson learned (maybe ;-) )



Avery,


would recommend against trying DTB during the Asian session?

If not, what pair/pairs would you recommend and would you prefer one TF over another FOR the Asian session?

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Postby TheRumpledOne » Tue Sep 21, 2010 11:56 pm

If you think about it, at the beginning of the Asian session, price is in both the RED RAT and the GREEN RAT zones. Let the rat zones get some distance between them.
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Postby TheRumpledOne » Wed Sep 22, 2010 12:26 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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Postby TheRumpledOne » Wed Sep 22, 2010 1:10 pm

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 » Wed Sep 22, 2010 1:13 pm

Hey TRO,

did you enter at the 1.56302 line on the second push up?

or did you enter on the first push up?

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Postby ajaymein » Wed Sep 22, 2010 1:16 pm

trueblueTEX wrote:Hey TRO,

did you enter at the 1.56302 line on the second push up?

or did you enter on the first push up?


I think he entered on the line on the second push up. I entered on the first push and got out with a couple of pips.

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Postby lukx » Wed Sep 22, 2010 1:22 pm

TheRumpledOne wrote: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."


"The important part is to enter WITHIN 20 pips of the daily low"

hmmm... but he actually entered higher than within 20 pips of the daily low. Or maybe I wrongly understand word "within" ? Is it enough if green candle just enter the zone and we can enter if it's above the zone. Or we should also enter inside the zone? TRO you gave me advice to use 4h tf but with 4H I barely got any rat entries inside the 20 pip zone.

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Postby TheRumpledOne » Wed Sep 22, 2010 2:57 pm

No, Lukx, I did NOT enter higher. That's just where the RAT PLOT indicator triggered.

"The important part is to enter WITHIN 20 pips of the daily low"

Entry price - low of the day < 20.

I told you to use the H4 so you would SLOW DOWN. I didn't say use it as the entry trigger.



"The important part is to enter WITHIN 20 pips of the daily low"
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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