2009.09.10 DRAIN THE BANKS - LIKE A RAT
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price stops making lower lows, price finally decides to make a higher low.
green rat goes long if price is within 20 pips of daily low. you have to WAIT for a candle to close green. IF the next candle goes higher than the previous green
candles high price go long.
always use a 10 pip stop loss.
you only need 20 pips profit a day to make decent money. you do not have to get the 20 pips all in one trade. if you are in profit and price starts going against you, close your trade. then rince and repeat.
you have to be patient. if you are having a hard time with price going against you, walk away. You will need to trade when there is good volume in the market. the market only has good volume about 30% of the day, because your broker always takes the same same trade you do , only in the opposite direction. (but thats a whole other disscusion).
cos
cos
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- TheRumpledOne
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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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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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The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.
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"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."
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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 do NOT PM me with trading or coding questions, post them in a thread.
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- TheRumpledOne
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maddman wrote:Could someone actually list the correlated pairs?
This may help:
http://fxlabs.oanda.com/products/FXCorr ... index.html
All pairs are "correlated"... some are positively correlated and some are negatively correlated. It is the degree of correlation that matters.
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
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