2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 4:11 pm

stevegee58 wrote: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?


RED CLOSE WITHIN 20 PIPS OF THE LOW

GREEN CLOSE (USUALLY) WITHIN 20 PIPS OF THE LOW

HAS TO BE RED CLOSE , GREEN CLOSE , THEN GREEN TO GO LONG AT THE HIGH OF THE PREVIOUS GREEN CANDLE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Re: dtb-the rat indi

Postby TheRumpledOne » Wed Oct 07, 2009 4:13 pm

mactrader9 wrote:were can i download this indicator ty waiting for reply
keep up the good work here nice forum


What indicator?

Check the September MT4 Motherlode for the indicators and template.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby watchdog » Wed Oct 07, 2009 4:34 pm

TRO

You are amazing! This is superb. I like this setup. Noticed that two things don't seem to agree though. If you put the TRO_RANGE_GAUGE up and the TRO2009_MP_HLC_PIPS up where you can see them both you will notice that the ClOp are not the same. It seems the TRO2009_MP_HLC_PIPS is the one that is not accurate, plotting the daily_open_line makes it obvious.

But this looks so good I can't tell how great it is! Superb is the best that I can describe this. Thank you.

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 5:11 pm

Image


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!!

No, it is NOT the same chart from before.

But the setup was the same!!
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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 5:13 pm

noxquces wrote: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?


NO CONFIRMATION IS NEEDED.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Wed Oct 07, 2009 5:43 pm

Image

"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.

Just KEEP IT SIMPLE!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby zulemara » Wed Oct 07, 2009 5:55 pm

TRO could you please clarify:

From what I am gathering, the TRO2009_MP_RAT-SCALPER is just showing you when you have a red close, green close, and go signal when high of previous candle is reached(or vice versa)

Whereas the TRO2009_MP_RAT_REVERSE is showing you when the price is within 20 pips of the daily low with the same parameters as above.

So if you are looking for a higher probability trade, you want to follow the reverse indicator. If you are looking for constant scalping, follow the other indicator which uses the same criteria, but doesn't require to be within 20 pips of the low or high. Is that correct?

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snscott
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MY Rat seems to be Retarded,

Postby snscott » Wed Oct 07, 2009 6:17 pm

I *MUST* be doing something wrong here.

I have followed the R_S_G inidcator four times now, setting a 10-pip SL. I have now been stopped out 3 of the 4 times - usually within minutes.

ONLY trading one direction- LONG- on one pair, EURUSD.

Only entering when R_S_G all turn to green on 5m chart.

Looking back over the 5 min chart for EURUSD, it sure looks like the bars move OPPOSITE to the RAT_PLOT arrow quite often - but not always. Seems like MY trades always catch the "moves opposite the signal" reversals and get stopped out.

MY RAT keeps running into the damn mouse-trap. :cry:

Very frustrating. :oops:

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Postby watchdog » Wed Oct 07, 2009 6:21 pm

TRO

Those differences I referred to in earlier post don't seem to be there now. When I sent you that post they were more than 20 pips off from one another. Don't know why they were different tnen and not now.

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 6:31 pm

Image

Price had to leave the 1.465x level.

Either down to 1.454x or up to 1.456x.

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



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