2009.09.10 DRAIN THE BANKS - LIKE A RAT

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noxquces
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Postby noxquces » Wed Oct 07, 2009 1:21 am

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?

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 12:40 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.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 1:27 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.
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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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 1:52 pm

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OPPORTUNITY
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 2:10 pm

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RESULTS
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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stevegee58
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Postby stevegee58 » Wed Oct 07, 2009 2:35 pm

I'm starting to think that the key to successfully trading this is to sit there with your finger over the "close trade" button as soon as you're filled.

My observation has been that once the trade moves into profit, even if it's only 1 or 2 pips, you have to be ready to close it. If it stalls, just close it, but don't wait for more pips or you risk turning a profit into a loss. You're entering a trade with an eye toward a sudden favorable move in your direction, but you take what you're given.

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 3:05 pm

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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!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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stevegee58
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Postby stevegee58 » Wed Oct 07, 2009 3:13 pm

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?

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dtb-the rat indi

Postby mactrader9 » Wed Oct 07, 2009 3:38 pm

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

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

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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.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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