2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

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.

[TheRumpledOne]

1) Price within 20 pips of the daily low - that is OPPORTUNITY

[TheRumpledOne]

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."

[trueblueTEX]

Hey TRO,

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

or did you enter on the first push up?

[ajaymein]

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.

[lukx]

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.

[TheRumpledOne]

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"

[lukx]

uh... so how I should use 4h ? use 5m for trigger and only go long when 4h is in agreement ?

[TheRumpledOne]

lukx, tell me what you SEE.

NOT what you think.

NOT your interpretation.

TURN MIND OFF.

TURN EYES ON.

[TheRumpledOne]

FOR LUKX ONLY...

lukx, tell me what you SEE.

NOT what you think.

NOT your interpretation.

TURN MIND OFF.

TURN EYES ON.