2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
trueblueTEX
rank: 500+ posts
rank: 500+ posts
Posts: 532
Joined: Mon Apr 12, 2010 4:38 pm
Reputation: 1
Gender: None specified

Postby trueblueTEX » Tue Nov 09, 2010 12:32 am

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?

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

jaysen
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Wed Jan 06, 2010 3:19 am
Reputation: 0
Gender: Male

Postby jaysen » Tue Nov 09, 2010 1:28 pm



My attempts at green rat trades

Rat : Green
Green arrows : Entry @ high
Red arrow : Loss taken
Orange arrows : Entries omitted
Grey arrow : Didnt get filled

Other notes
Trade with the hour
Master 1 pair first
Trade 1 direction only
Dont chase if the entry was missed - always more trades around the corner
Its pretty darn hard to do this if you're paying spread
Trade management is important - Don't be greedy
Last edited by jaysen on Tue Nov 09, 2010 6:29 pm, edited 2 times in total.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12778
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1331
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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

Image


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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12778
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1331
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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!



Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12778
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1331
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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

Image

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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12778
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1331
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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

Image

Do you see how this works?
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12778
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1331
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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

Image

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!



Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
forexbob
rank: 150+ posts
rank: 150+ posts
Posts: 263
Joined: Mon Apr 20, 2009 9:52 am
Reputation: 15
Location: Planet Earth
Gender: None specified

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

nice TRO, only got the 1st 15 pips of that one
The highest Forex rebates: http://www.cashbackforex.info

User avatar
MAXiMUS_
rank: <50 posts
rank: <50 posts
Posts: 18
Joined: Sun May 09, 2010 4:43 pm
Reputation: 0
Gender: Male

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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12778
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1331
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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!



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.


Return to “TheRumpledOne”