2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Thu Oct 08, 2009 4:31 pm

snscott wrote:Hmm, ok, so what is the purpose of the [G] signal if you're not really looking for it to "tell you to GO"?

If it changes color (from gray) should that be considered the signal or suggestion that "you're too late"?


You can use it to tell you to GO but you may have missed the trade.

I use the indicator to watch multiple pairs to see where the next setup is.

If the G is "on", then I am probably too late. But sometimes, there is a second chance to enter.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Thu Oct 08, 2009 4:33 pm

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OPPORTUNITY...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Thu Oct 08, 2009 5:07 pm

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RESULTS.

NO MERCY!

DRAIN THE BANKS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Thu Oct 08, 2009 5:43 pm

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NO MERCY!

DRAIN THE BANKS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Thu Oct 08, 2009 5:54 pm

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NO MERCY!

DRAIN THE BANKS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby zulemara » Thu Oct 08, 2009 6:55 pm

snscott wrote:Ok, let me see if I can express the "rules" for these RAT indicators so even us mentally challenged noobs can understand :smt021

[hr]
FOR RAT REVERSE
Price has been moving down (red candles) and the Reversal R_S_G indicator shows [font=Wingdings]x[/font] [font=Wingdings]x[/font] [font=Wingdings]x[/font] and then G turns GREEN, [font=Wingdings]x[/font] [font=Wingdings]x[/font] [font=Wingdings]x[/font] that is the price should reverse now signal, meaning you should go LONG at that point.

Alternatively, if the price has been moving up (green candles) and the Reversal R_S_G indicator shows [font=Wingdings]x[/font] [font=Wingdings]x[/font] [font=Wingdings]x[/font] and then G turns RED, [font=Wingdings]x[/font] [font=Wingdings]x[/font] [font=Wingdings]x[/font] that is the price should reverse now signal, meaning you should go SHORT at that point.

If the three signal flags all turn to the same color, that "invalidates" the reversal set up and so your RAT has to bide his time and wait for the proper setup signals to reform.


[hr]
FOR RAT SCALPER
Wait for all three signals to change to the same color and then enter LONG if they're all GREEN, or SHORT if they're all RED.

If the [GO] signal changes to the alternate color, it invalidates the "scalp" set up and your RAT has to bide his time and wait for the proper setup signals to reform.

When using SCAPLER, only place your trades in the SAME DIRECTION all the time - either always wait for the LONG signal, OR wait for only SHORT signal. DO NOT trade in both directions.

The RAT "only turns left" - which means as a RAT TRADER, you only trade in ONE DIRECTION and only when the setup (RAT SCALPER INDICATOR) points you in your ALREADY CHOSEN DIRECTION.[hr]

TRO, do you think this explains it simpy enough for even those of us riding on the Short Bus :smt101 can understand? I'm not sure I am right concerning the "invalidation" rules, so correct me if I am wrong here.

(I mostly wrote this to make sure I understood) :oops:



hhmm that's not what I was doing, but I believe you are right and TRO basically confirmed it.

Now how does all that apply to being within the 20 pips of the daily high or low?

edit: TRO can you clarify: In both cases, shouldn't the RSG be all the same color? That is how I have been playing it and had success.

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Postby TheRumpledOne » Thu Oct 08, 2009 11:34 pm

Yes, as you enter the trade the RSG should all be GREEN or RED.

If they are not all the same color then you are entering too early or too late.
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Postby TheRumpledOne » Thu Oct 08, 2009 11:35 pm

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GREEN RAT REVERSAL ENTRY

R) red candle closes

S) green candle closes - note the high price of the green candle.

G) enter long at the green candle's high price
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Postby TheRumpledOne » Thu Oct 08, 2009 11:38 pm

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If you UNDERSTAND the RAT REVERSAL ENTRY, then you can SEE where the entry was WITHOUT indicators.
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Postby zulemara » Thu Oct 08, 2009 11:40 pm

TheRumpledOne wrote:Yes, as you enter the trade the RSG should all be GREEN or RED.

If they are not all the same color then you are entering too early or too late.


Thank you.

Are there any times of the day you recommend? I was thinking of 8-noon EST for london/US overlap

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