2009.09.10 DRAIN THE BANKS - LIKE A RAT
Moderator: moderators
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15563
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
"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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15563
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
"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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15563
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15563
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- stevegee58
- rank: <50 posts
- Posts: 19
- Joined: Mon Oct 01, 2007 7:34 pm
- Reputation: 0
- Gender:
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.
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.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15563
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
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!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- stevegee58
- rank: <50 posts
- Posts: 19
- Joined: Mon Oct 01, 2007 7:34 pm
- Reputation: 0
- Gender:
-
- rank: <50 posts
- Posts: 1
- Joined: Wed Oct 07, 2009 3:01 pm
- Reputation: 0
- Gender:
dtb-the rat indi
were can i download this indicator ty waiting for reply
keep up the good work here nice forum
keep up the good work here nice forum
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15563
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
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!
Please do NOT PM me with trading or coding questions, post them in a thread.
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.
Thank you for your support.