2009.09.10 DRAIN THE BANKS - LIKE A RAT

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The_Snowman
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Postby The_Snowman » Fri Oct 01, 2010 7:29 pm

nkhawaja wrote:I am pretty sure i had the template for TRO-RAT, and i also looked again and again in this forum. my template seems like corrupted, could you please share the template again.

thanks


easy to build your own, here is what I use, basically, some I have activate only on certain time frames, personal preference :)

pay no mind to MTPRTData, you won't have that one
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tro rat temp.png
tro rat temp.png (172.58 KiB) Viewed 1555 times

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tmanbone
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Postby tmanbone » Fri Oct 01, 2010 7:44 pm

An order stipulating that if one part of the order is executed, then the other part is automatically canceled.


Yes
"The simplicity of the markets is it's greatest disguise"

T

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The_Snowman
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Postby The_Snowman » Fri Oct 01, 2010 7:49 pm

Hi TRO,

This is an excellent detail explanation of the theory and statistics behind the strategy. The problem for me has been when trading in realtime. During the day, one does not know where the daily hi or lo is, since price is still developing. The current hi at 12:00 noon, may be the middle price by the time the daily candle ends. Trading on the noon hi will yield stop outs.

I am incorporating ATR (Average True Range) to help with this. Are there any other suggestions on helping to guage where the HIs and LOs may be when the candle is still forming?

Thanks,

Neville

[font=Comic Sans MS]Absolutely, you need to install the Daily Pivot Points and Mid Points, see the charts I posted today, these are TRO modified indicators, they display real good and price will react at those levels due to the amount of traders that use them[/font]

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tmanbone
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Postby tmanbone » Fri Oct 01, 2010 7:55 pm

I sure would like to own of set of those pivots and mids.

Edit: Found them. Thanks,
"The simplicity of the markets is it's greatest disguise"



T

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Postby ncase » Fri Oct 01, 2010 9:51 pm

The_Snowman wrote:[font=Comic Sans MS]Absolutely, you need to install the Daily Pivot Points and Mid Points, see the charts I posted today, these are TRO modified indicators, they display real good and price will react at those levels due to the amount of traders that use them[/font]


Thank you snowman. I saw that in your screenprint later in the thread. By the way, I wouldn't be mad if you or tmanbone posted the name of the Daily Pivots and Mid points indicator(s) :) . Otherwise I'll just search through my batches for something obvious.

Neville

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skivers
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Postby skivers » Mon Oct 04, 2010 8:32 am

Hi - a new boy here :) :)

I spent the whole weekend reading this thread from the beginning and cutting and pasting anything important into a word file (this file is now my biggest!)

I had a play on Thursday and and lost only when I had not understood the rules.

I had one loss on Friday when I placed my last ever manual entry on this system (market orders from now on).

These are my three trades for this morning

The first looks late - but I was waiting for the hour to change so the market sentiment would also be short.
I did not trade the rat leaving the trap because of the H1 bias being long.

The last trade nearly stopped me out - I made a small error with the market order and got in late (it went to 10! so I missed triggering the SL by a whisker)

I reckon you guys and girls might be able to criticise that particular trade for me. - I feel in my bones something is not right - but I haven't a clue what it is.

I got out real fast on any pauses and grabbed the pips on offer - I'l let you guys have the rest :D

I stopped on the 10 pips so a nice 2% for me today

Skivers




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tmanbone
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Postby tmanbone » Mon Oct 04, 2010 12:17 pm

Delete
"The simplicity of the markets is it's greatest disguise"



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The_Snowman
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Thinking of the HOUR candle color

Postby The_Snowman » Tue Oct 05, 2010 6:30 am

TheRumpledOne wrote:Image

Price was leaving the daily low + 20 area, no need to wait any longer.


This chart shows exactly why it is so hard for people to trade with the Hour Candle colour.

Clearly, for the last hour, price is going down. Now the CAN indicator is Green only because the new hour has only 2 bars.

This indicates either, a) best to only look for trades every hour, or b) do we really need to put that much importance on the hour candle colour?

Can anyone expand on the reasoning behind that? Thanks, John

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The_Snowman
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Postby The_Snowman » Tue Oct 05, 2010 6:39 am

TheRumpledOne wrote:PONDER THIS...

If you enter a rat reversal trade and your stop has never been threatened, what does that imply?


.... that you are NOT trading the BEAST = EUR - JPY :lol:

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skivers
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Postby skivers » Tue Oct 05, 2010 7:44 am

Today's trades

And sorry for the messy screen with all the cancelled market orders

The first was + 2 - if i could have got my market order in in time when my rat left the trap i would have been finished then!
It was followed by a +1, +4 and finally a +4

so 11 for the day another 2%!!

The second trade was in too early I entered just before the minute change and spent an uncomfortable 7 minutes. Thinking about it the hourly candle wasn't in my favour - i need to put a line on my chart in future

thanks TRO :)

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