2009.09.10 DRAIN THE BANKS - LIKE A RAT

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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!

Please do NOT PM me with trading or coding questions, post them in a thread.

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!



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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!



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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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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 03, 2011 2:11 pm

Image

H1 turned green.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby gfg1 » Thu Feb 03, 2011 2:48 pm

Avery, do you have a MM-MP for candle color? If so, you happen to know the name? TIA

TheRumpledOne wrote:
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.

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 03, 2011 2:57 pm

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Another chance for cheese!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 03, 2011 3:57 pm

Image

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

"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden

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

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

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