2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 23, 2010 4:04 pm

What color was H1 when you enter the trade?

What color was D1 when you enter the trade?

What color was W1 when you enter the trade?

Why don't you have the RAT ZONE indicator loaded?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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tacoman
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Postby tacoman » Tue Nov 23, 2010 4:43 pm

W1 and D1 Red, H1 Green.
Rat zone now loaded.
I guess just using the CandleColor Multimeter is a bit too minimalist?
Given last weeks open and S2 just above the entry point are these factors for a Rat to consider or ignore?
Thanks for your assistance.

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 23, 2010 4:58 pm

This is trading - ANYTHING CAN HAPPEN.

Price never closed above the low when the candle touched S2.

You were swimming against the D1 and W1 currents.

What did you expect to happen?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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tacoman
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Swimming like a rat

Postby tacoman » Tue Nov 23, 2010 5:17 pm

Okay, lesson learnt, so to avoid Yale I need more focus on the combination of TRO2010_MP_HLC_PIPS and TRO2010_MP_DW before I even look open a currency chart?
:oops:

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MightyOne
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Postby MightyOne » Tue Nov 23, 2010 6:13 pm

When candles are making shallow cuts into new lows and retreating or when price is ranging is the time in which I consider a long Rat Trade.

I already have a system for when red rats are swarming in like locusts...
it is called GET SHORT! :wink:

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TheRumpledOne
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Re: Swimming like a rat

Postby TheRumpledOne » Tue Nov 23, 2010 6:36 pm

tacoman wrote:Okay, lesson learnt, so to avoid Yale I need more focus on the combination of TRO2010_MP_HLC_PIPS and TRO2010_MP_DW before I even look open a currency chart?
:oops:


That would be a start.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Postby MightyOne » Tue Nov 23, 2010 6:50 pm

Possible Solution:

Double the TF when cuts are deep.

End the red candle at the first green candle.

http://i54.tinypic.com/fx6mjb.gif

http://i55.tinypic.com/11uypv4.gif

You can see that Tacoman's entry would not have been triggered.

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forexbob
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Postby forexbob » Tue Nov 23, 2010 7:45 pm

ajaymein wrote:
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


well he is (just like me) from the generation who started with a 3270 tube with only a blinking cursor, so notepad is a tremendous improvement (besides its free)

although i moved on to ultraedit LOL
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Postby MAXiMUS_ » Tue Nov 23, 2010 8:49 pm

Hiya MO, Good to see you here.

ZL tread was great and I hope maybe you can describe your way for exits?

TRO used to repeat constantly how to determine entry but about exit just mentioned once as he wrote while ago.
For guy who talked about taking just 3 pips...
3 pips TP is unacceptable if you know that RAT rev entries 2 of 3 are succesfull so 2 entries profit 6 pips 1 sl loss 10 pips. You can trade like this on demo account but in real trading this cannot be seriously taken.
"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 » Tue Nov 23, 2010 10:51 pm

I started BEFORE there were tubes. I keypunched cards.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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