2009.09.10 DRAIN THE BANKS - LIKE A RAT

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lukx
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Postby lukx » Wed Sep 22, 2010 3:26 pm

when price went back into 20 pip zone and there was 4h green candle in this area before, it bounced up (wicked area)

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TheRumpledOne
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Postby TheRumpledOne » Wed Sep 22, 2010 8:57 pm

Now apply that to your trading.
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 23, 2010 11:22 am

Image

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

Current price - current daily low is less than 20.

ClLo <= 20
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 23, 2010 12:07 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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ajaymein
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Postby ajaymein » Thu Sep 23, 2010 12:23 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."


Traders of fixed spread bandits would have gotten stopped before price continued! Did you?

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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 23, 2010 12:43 pm

Image

LUKX what do you SEE?

IS THE IMAGE GETTING CLEARER?
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 23, 2010 2:06 pm

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LUKX , do you SEE how you can trade on H4 now?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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lukx
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Postby lukx » Thu Sep 23, 2010 2:33 pm

well TRO i though I can see but unfourtanetely I took EG trade and lost:

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Postby lukx » Thu Sep 23, 2010 2:36 pm

EU also kicked my ass:
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TheRumpledOne
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Postby TheRumpledOne » Thu Sep 23, 2010 2:45 pm

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HEADS UP GREEN RATS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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