2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Sep 30, 2010 1:27 pm

HORSEMOUTH201 wrote:Hope you dodn't mind me posting this on your thread Tro, I might just be getting the hang of this..The red candle closed with a low of 1.8573, which is 12pips from daily low....Green candle closes, price breaks high of green candle..Bang..Glad I was focusing on the 15 minute chart, rather than the 1 hr like I did yesterday....Using a FSB at the mo, but spead is 1pip on this currency..Hopefully, will join the big boys soon.. 8)


By my guest. Post away so long as your post is ON TOPIC.

Thanks for posting.
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.

User avatar
gfg1
rank: 150+ posts
rank: 150+ posts
Posts: 185
Joined: Thu Aug 21, 2008 12:38 am
Reputation: 0
Gender: Male

Postby gfg1 » Thu Sep 30, 2010 1:32 pm

Avery, what is the indi that fills in the pink and blue within 20 pips of the hi and lo? TIA

TheRumpledOne wrote:Image

RESULTS.

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.

"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."

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

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Sep 30, 2010 2:18 pm

TRO_RAT_ZONE
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.

TurboTommy84
rank: <50 posts
rank: <50 posts
Posts: 1
Joined: Thu Sep 30, 2010 2:17 pm
Reputation: 0
Gender: None specified

Postby TurboTommy84 » Thu Sep 30, 2010 2:24 pm

Having read just about everything about this system, i have to say you have done a very good job! Follow the rules, and the possibilities are endless!

Now, I do have a question, when i activate the "rat" template and the DBT V9 template, the mt4 runs very slow and choppy? More so with the DBT v9 but some with "rat" too, to the point were it is almost impossible to place a order without having the "deviation" set to a few pips because the price changes before the order is submitted.

Is there any "fixes" to this? anything I can do? My computer isn`t exactly slow, but it does this anyhow.

Thanks
Tommy

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Sep 30, 2010 2:42 pm

Image


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

"Now, 2 patterns of market behavior 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)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden

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

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."

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

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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.

User avatar
tmanbone
rank: 500+ posts
rank: 500+ posts
Posts: 723
Joined: Sun Nov 15, 2009 3:52 am
Reputation: 0
Gender: Male

Postby tmanbone » Thu Sep 30, 2010 3:20 pm

TRO,

Do you only take the first trade out of the rat zone or do you consider getting back in above, the zone, after a take profit and a retrace?
"The simplicity of the markets is it's greatest disguise"

T

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Sep 30, 2010 3:23 pm

Image

There are those who still do not understand and have doubts how this can work.

Look at the chart. It is a DAILY CHART.

See the dots.

The upper dot is 20 pips below the high of the day. If you go short above the dot, how many times can you exit with a profit?

The lower dot is 20 pips above the low of the day. If you go long below the dot, how many times can you exit with a profit?

The frequency distributions on the right hand side tell you how many times the daily wicks fell into the ranges. In this case it is for the last 5 days so you can easily count by hand.

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

"Now, 2 patterns of market behavior 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)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden

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

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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Sep 30, 2010 3:38 pm

tmanbone wrote:TRO,

Do you only take the first trade out of the rat zone or do you consider getting back in above, the zone, after a take profit and a retrace?


It depends. I try not to be too greedy.
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.

User avatar
trueblueTEX
rank: 500+ posts
rank: 500+ posts
Posts: 532
Joined: Mon Apr 12, 2010 4:38 pm
Reputation: 0
Gender: None specified

Postby trueblueTEX » Thu Sep 30, 2010 4:05 pm

Avery,

does the "Count" in your screenshot above count the number of times that price made a bottom and them came up by 20 pips? (or down, for red rats?)

What indicator is that you used to show the distribution.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Sep 30, 2010 4:15 pm

Not exactly.

It only counts once per day if you are using D1 period.

TRO2009_WICK_COUNT_UI is the indicator.
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.


Return to “TheRumpledOne”