2009.09.10 DRAIN THE BANKS - LIKE A RAT

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genlogins
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Postby genlogins » Sun Nov 14, 2010 11:12 am

hey MO, from thos picrues above, what means BO?
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skivers
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Postby skivers » Sun Nov 14, 2010 11:19 am

MightyOne wrote:Not exactly in the rule book but here it goes:

http://i52.tinypic.com/308ccic.gif

http://i55.tinypic.com/func08.gif


Interesting- You took two shots after the same higher high with a +3 followed by +17 - that little green price rejection candle gave you the reason to get in again.
Last edited by skivers on Sun Nov 14, 2010 11:28 am, edited 1 time in total.

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MightyOne
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Postby MightyOne » Sun Nov 14, 2010 11:27 am

skivers wrote:
MightyOne wrote:Not exactly in the rule book but here it goes:

http://i52.tinypic.com/308ccic.gif

http://i55.tinypic.com/func08.gif


Interesting- You took two shots after the same higher high with a +3 followed by +17 - that little green price rejection candle gave you the reason to get in again.


I was saying that you either would have made 3 pips or possibly get stopped out or up to 17 pips if you didn't get picked off.

I should point out that I am a Macro Rat...

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MightyOne
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Postby MightyOne » Sun Nov 14, 2010 11:30 am

genlogins wrote:hey MO, from thos picrues above, what means BO?


BO = Breakout

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skivers
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Postby skivers » Sun Nov 14, 2010 11:50 am

MightyOne wrote:
skivers wrote:
MightyOne wrote:Not exactly in the rule book but here it goes:

http://i52.tinypic.com/308ccic.gif

http://i55.tinypic.com/func08.gif


Interesting- You took two shots after the same higher high with a +3 followed by +17 - that little green price rejection candle gave you the reason to get in again.


I was saying that you either would have made 3 pips or possibly get stopped out or up to 17 pips if you didn't get picked off.

I should point out that I am a Macro Rat...


I would have taken the +3 being a confirmed micro rat :-)

I had not thought in terms of simply a recent HH - I have been looking for 'space' around a pullback if you know what I mean .

Thanks

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teamforex.eu
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Postby teamforex.eu » Sun Nov 14, 2010 1:48 pm

ASK FOR TRO:

I ask this confirmation: method RAT, obligates to negotiate, ONLY in the cases of 0-20 pips, within D1 LOW, or, can negotiate also in the cases of, 0-20 within D1 HIGHT? (RAT ZONES) Always respecting the plot rat.

Thanks

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TheRumpledOne
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Postby TheRumpledOne » Sun Nov 14, 2010 3:16 pm

teamforex.eu wrote:ASK FOR TRO:

I ask this confirmation: method RAT, obligates to negotiate, ONLY in the cases of 0-20 pips, within D1 LOW, or, can negotiate also in the cases of, 0-20 within D1 HIGHT? (RAT ZONES) Always respecting the plot rat.

Thanks


GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.



Let's clear things up:

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
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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maddman
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What Pairs?

Postby maddman » Sun Nov 14, 2010 5:54 pm

TRO please list all the pairs you trade during the daily sessions?
TheRumpledOne wrote:
teamforex.eu wrote:ASK FOR TRO:

I ask this confirmation: method RAT, obligates to negotiate, ONLY in the cases of 0-20 pips, within D1 LOW, or, can negotiate also in the cases of, 0-20 within D1 HIGHT? (RAT ZONES) Always respecting the plot rat.

Thanks


GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.



Let's clear things up:

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

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trueblueTEX
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Postby trueblueTEX » Sun Nov 14, 2010 6:05 pm

eeeewwwww, eeeewwwww, eewwwwww (Horshack voice) I know this one!!

He only trades one per day.

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maddman
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Question on: Trade like a RAT...

Postby maddman » Sun Nov 14, 2010 6:18 pm

Please excuse my lack of understanding but maybe you or someone could give me some clarity? Q. A trade is placed when the candle moves into zone within 20 pips of the high or low. Correct? Also, what I then am expecting is a reversal in that zone to make 5 pips or more before exiting the position with your chosen amount of pip profit? Correct? Lastly is the trade place when? When the candle in the zone closes and still in the zone?
trueblueTEX wrote:eeeewwwww, eeeewwwww, eewwwwww (Horshack voice) I know this one!!

He only trades one per day.

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