2009.09.10 DRAIN THE BANKS - LIKE A RAT
Moderator: moderators
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Someone asked about trading time frames other than M5.
PRICE IS THE SAME ON ALL CHARTS. You are NOT trading charts, you are trading price.
<-------------------------------------------------------------------->
DRAIN THE BANKS - LIKE A RAT
for H1 (60 MINUTE) CHARTS.
1) Price within 20 pips of the daily low - that is OPPORTUNITY
2) Red H1 candle closes within 20 pips of the current daily low
3) Go long when current H1 candles is green
4) STOP LOSS IS 10 PIPS
5) Take whatever profit you can.
6) If the rules do not mention it, then it is of no concern.
<-------------------------------------------------------------------->
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
TheRumpledOne wrote:
Someone asked about trading time frames other than M5.
PRICE IS THE SAME ON ALL CHARTS. You are NOT trading charts, you are trading price.
<-------------------------------------------------------------------->
DRAIN THE BANKS - LIKE A RAT
for H1 (60 MINUTE) CHARTS.
1) Price within 20 pips of the daily low - that is OPPORTUNITY
2) Red H1 candle closes within 20 pips of the current daily low
3) Go long when current H1 candles is green
4) STOP LOSS IS 10 PIPS
5) Take whatever profit you can.
6) If the rules do not mention it, then it is of no concern.
<-------------------------------------------------------------------->
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.
Thank you TRO. So for H1 and above timeframes, we do not enter at the high/low wicks of the green/red reversal candle as in M5, but within the body of the reversal candle inside the 20 pips zone.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
BIG pirate Joke
When I moved to that time frame................
BUMMMMMMMMM................. NEW VIRUS.........................
I thought I was seeing a new virus. What should I do? (I said)
Switched my Internet Off, and than turned to M1 again.
Than, Back on again.
UUUUFFFFFFF.......... it was just a
BIG Pirate (TRO) Joke......................
================================================
The Way To Money Is Using Simplicity And Take Small Loses
================================================
The Way To Money Is Using Simplicity And Take Small Loses
================================================
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.