2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Wed Feb 02, 2011 12:45 pm

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HAPPY GROUND HOG DAY!

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1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY

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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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Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.

THINK ABOUT IT!!

<-------------------------------------------------------------------->

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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au_den1
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My first real trade

Postby au_den1 » Wed Feb 02, 2011 1:08 pm




TRO this is my first post here. What I look for is two or more candles in one direction and then look for the opposite this one happen to be a perfect setup this morning.

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TheRumpledOne
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Postby TheRumpledOne » Wed Feb 02, 2011 2:39 pm

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WILL GROUNDHOGS EAT CHEESE? LOL!!!

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MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

This is how you make 2% per day.
<-------------------------------------------------------------------->

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

Today, I am using the MO REVERSALS indicator that I coded.

<-------------------------------------------------------------------->

Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.

THINK ABOUT IT!!

<-------------------------------------------------------------------->

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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Postby TheRumpledOne » Wed Feb 02, 2011 2:42 pm

au_den1:

WELCOME TO THE JUNGLE!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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hopearisen
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Postby hopearisen » Thu Feb 03, 2011 1:07 am

Hi TRO one,
I need opinion on the criterials needed to use ClLO to take green rat trade,
I mean, ClLo should be <20 pips and taken when price is within 20 pips but what other things do 1 consider seLlecting the best pair. or OR POSSIBLY VIEW HOW you decide the pair to select apart from ClLo being < 20 I have tried several times but each time price go against me. would appreciate the idea. thanks

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 03, 2011 4:02 am

Follow the rules of thumb:

Do NOT trade against the H1 candle color.

Better to be long above the weekly open and short below.

So find pairs to trade that are above the weekly open.

Let a red H1 candle close in the Rat Zone. Wait to see if the new H1 candle turns green in the Rat Zone.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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hopearisen
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Postby hopearisen » Thu Feb 03, 2011 5:26 am

Thank you Avery!

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 03, 2011 1:22 pm

Image

1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY

<-------------------------------------------------------------------->

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

<-------------------------------------------------------------------->

Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.

THINK ABOUT IT!!

<-------------------------------------------------------------------->

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.

User avatar
TheRumpledOne
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Postby TheRumpledOne » Thu Feb 03, 2011 1:31 pm

Image


Price within 20 pips of the daily low (shaded area) - that is OPPORTUNITY

<-------------------------------------------------------------------->

Follow the rules of thumb:

Do NOT trade against the H1 candle color.

Better to be long above the weekly open and short below.

So find pairs to trade that are above the weekly open.

(W1 bar green in multimeter)

Let a red H1 candle close in the Rat Zone. Wait to see if the new H1 candle turns green in the Rat Zone.
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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Postby TheRumpledOne » Thu Feb 03, 2011 2:01 pm

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Did you wait?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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