2009.09.10 DRAIN THE BANKS - LIKE A RAT

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wkestler
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Postby wkestler » Mon Nov 22, 2010 11:05 pm

TRO, What does the red arrow means in your last chart?

Thanks,

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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 22, 2010 11:09 pm

The Red Arrows are RED RAT REVERSALS.


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!

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Postby PebbleTrader » Tue Nov 23, 2010 12:49 am

"We look backward too much and we look forward too much; thus we miss the only eternity of which we can be absolutely sure - the eternal present, for it is always now." - William Phelps

NOW is the only moment that matters!
Life is just a journey

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Postby Naynay » Tue Nov 23, 2010 1:59 am

OK, now here's a question.

On your last chart TRO, why didn't you take the earlier break of the first green candle after the large red candle down and the subsequent red candle?

I can think of a few reasons (not yet in the daily rat zone, wait for some downwards triangular consolidation before breakout)
Just wondering what your take on it was...

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ajaymein
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Postby ajaymein » Tue Nov 23, 2010 2:09 am

TRO, you crack me up. I bet you have a Notepad/Word Document where you just copy and paste replies. LOL :smt043

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 23, 2010 3:30 am

Notepad.
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 23, 2010 3:33 am

Naynay wrote:OK, now here's a question.

On your last chart TRO, why didn't you take the earlier break of the first green candle after the large red candle down and the subsequent red candle?

I can think of a few reasons (not yet in the daily rat zone, wait for some downwards triangular consolidation before breakout)
Just wondering what your take on it was...


If a red H1 candle is in the RAT ZONE, I wait for it to close. Then I wait for the next H1 candle to test the low. After that, green rats go with the green H1 candle.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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ajaymein
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Postby ajaymein » Tue Nov 23, 2010 3:39 am

TheRumpledOne wrote:Notepad.


:lol: :smt043 :smt044 :lol: :smt043 :smt044 :lol: :smt043 :smt044 :lol: :smt043 :smt044 :lol: :smt043 :smt044 :lol: :smt043 :smt044

OKAY I'm done laughing...LOL

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 23, 2010 2:11 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!



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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 23, 2010 3:12 pm

Image


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

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

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

"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."

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

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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