2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Thu Dec 30, 2010 1:36 pm

Image


MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

This is how you make 2% per day.
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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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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby cosmoe1 » Thu Dec 30, 2010 9:57 pm



price within 20 pips of daily low. red candle, red candle, green candle. green candle closes, go long at highest point of last green candle. 10 pip stop loss.
it is not a 100% perfect system, I did lose 10 pips earlier in the day. closed this out at +30, to give me my +20 for the day. when I get +20 for the day I quit.
cos

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Postby GeorgeCh » Fri Dec 31, 2010 11:03 am

Hi guys,

Been reading up on TRO's method for a few days now while watching the markets in demo mode.

Could you please take a look at the attached setup and let me know if this is the kind of trade TRO has in mind? This would help me gauge if I understood his method correctly.

What I see on the setup is a reversal from the high - I would have entered on the second candle at around 1.5512, or the low of the first red candle.
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wangyue22
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Postby wangyue22 » Fri Dec 31, 2010 4:04 pm

Hello george, Im not TRO and no expert on this method, from what i learned from the last 280 pages, (3days of coffee) is that your entry is correct according to TRO, how much you want out of that run is up to you
o.O
"find a job you love and you will never work a day in your life" Confucius

"its all relative" Eisenstein

"if you love everything, then nothing is work, if you think everything is work, then nothing is work" Confustein ^.^

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wangyue22
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Postby wangyue22 » Fri Dec 31, 2010 4:06 pm

also, TRO is a genius. finished reading all the pages on this thread, but thousands of pages awaits me in this forum. currently reading pipeasy on another forum. "We want price to never come back to our entry. Where do you think this will happen? It will happen near the open of the candle. " this is exactly the same logic as TRO's method ^.^


edit: oh god, another 260 page thread. there goes my weekend. ^.^

sorry TRO for being offtopic of this thread, but work computer wont let me upload images T.T

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Postby cosmoe1 » Fri Dec 31, 2010 4:42 pm

GeorgeCh wrote:Hi guys,

Been reading up on TRO's method for a few days now while watching the markets in demo mode.

Could you please take a look at the attached setup and let me know if this is the kind of trade TRO has in mind? This would help me gauge if I understood his method correctly.

What I see on the setup is a reversal from the high - I would have entered on the second candle at around 1.5512, or the low of the first red candle.




looks like a red rat trade set up on the 15 minute chart. You may want to drop down to a 5 minute chart to possible find a better entry point.
on a red rat setup, price makes a new high, look for a green bar, green bar, red bar, wait for red bar to close go short at lowest point of that last red bar close. 10 pip stop loss.

cos

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Postby GeorgeCh » Sat Jan 01, 2011 12:09 am

Happy 2011! May it bring you many pips and 2%+ days!

Eyeballing today's chart, I am very surprised at the efficiency of the method - as a red rat, there were a total of 3 trades that could be taken on EURUSD alone. The only caveat is that the 10 pip SL would have been too tight - but aside from that, the system works exactly as TRO said it does.

Check out the chart!


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Postby hazelj80 » Sat Jan 01, 2011 12:56 am

GeorgeCh wrote:Happy 2011! May it bring you many pips and 2%+ days!

Eyeballing today's chart, I am very surprised at the efficiency of the method - as a red rat, there were a total of 3 trades that could be taken on EURUSD alone. The only caveat is that the 10 pip SL would have been too tight - but aside from that, the system works exactly as TRO said it does.

Check out the chart!



you could have gotten out at the lines on the charts which are whole numbers, great places to exit. if you think the next whole number is too close, then exit at the next neasres one. you would have got your 2% for sure today. also, if you are a green rat, you would have traded with the W1 direction and got your moneys worth for sure

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Postby topedge » Sat Jan 01, 2011 4:20 pm

TheRumpledOne wrote:Image


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.


Hey TRO,
What indicator is this? Is it part of your free or is it a donational?
Thank you,

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TheRumpledOne
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Postby TheRumpledOne » Sun Jan 02, 2011 10:19 pm

TRO2010_MP_HLC_PIPS is a 2010 DONATIONAL indicator.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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