2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 09, 2010 1:55 pm

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Price within 20 pips of the daily low (ClLo <= 20) - that is OPPORTUNITY

Current price - current daily low is less than 20 pips.

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

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

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 09, 2010 2:00 pm

trueblueTEX wrote:Hey TRO,

It looks like your trade arrows appear on the close of the previous green and not the high.

Do you use the close to enter or the high?



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.

7) If the rules do not mention it, then it is of no concern.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 09, 2010 3:42 pm

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No, I have NOT gone SQUIGGLY on you. Someone asked me about "The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method." They were curious about other entry methods.

Going long within the RAT ZONE when price closes about a rising moving average is another entry method.


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

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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

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.

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 09, 2010 8:29 pm

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Do you see how this works?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 09, 2010 8:55 pm

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Notice what happens when the moving average is going up and price closes above a horizontal line.

Remember the RULE OF THUMB regarding H1 candle color. Do you see it?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby forexbob » Tue Nov 09, 2010 9:38 pm

nice TRO, only got the 1st 15 pips of that one
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Postby MAXiMUS_ » Tue Nov 09, 2010 11:43 pm

hmm... moving averages? ... horizontal lines??

Don't be Yale student TRO ( LOL)

and seriously, are you working on some new strategies? Rat is good enough for me to do 1% daily :P
"It is stupid to fight a battle that you cannot win, and you cannot win unless you have properly planned for it". - Sun Tzu, The Art of War

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 10, 2010 6:03 am

No.. not working on new strategies. I was answering a question. The chart shows the important part is to enter within the RAT ZONE. The trigger is not as important as the price.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby genlogins » Wed Nov 10, 2010 10:15 am

Ohhhhhhhhhhh noooooooo the 20 pips from the high.

Is that what you are talking about TRO?


Because today I just did some trading on NLA. I Will post there the resyults, could you please be so kind to tell what I missed?

Thanks, Gen
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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 10, 2010 1:07 pm

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Price within 20 pips of the daily low (ClLo <= 20) - that is OPPORTUNITY

Current price - current daily low is less than 20 pips.

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

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.


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