2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 17, 2011 5:01 am

I have no idea what chart you are talking about.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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rat
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Postby rat » Thu Feb 17, 2011 6:05 am

the chart showing rat trader with ticks boxes - which indi is that ?

also another chart show different pairs with c1lo h1cl

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Postby TheRumpledOne » Thu Feb 17, 2011 2:38 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

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

WHY ISN'T EVERYBODY DOING IT?

Most of you know I catch a lot of flak on my forums because SOME PEOPLE don't like the way I post.

One worn out argument that is used repeatedly is, "If this is so (simple, great, profitable, ), then why isn't everybody doing it?"

Simple answer is because SOYLENT GREEN is people!

We all know exercise is great, but how many actually exercise?

We all know smoking is bad, but how many do it anyway?

We all know which foods are bad for our health, but how many eat those foods?

We all know that we should save for our future and spend less than we earn but who does that?

The list is almost endless.

As long as there are people, there will always be some STUPID people and some smart people making STUPID decisions, where STUPID is defined as knowing better but acting otherwise.

Meanwhile, the RATS are still beating the Yale students.


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

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 » Thu Feb 17, 2011 2:46 pm

rat wrote:the chart showing rat trader with ticks boxes - which indi is that ?

also another chart show different pairs with c1lo h1cl


Please post the link or the chart because I still don't know what you are asking about.

TRO2011_MP_GPS shows the following:

Image
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Thu Feb 17, 2011 3:11 pm

Image


<-------------------------------------------------------------------->
DRAIN THE BANKS - LIKE A RAT


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

2) Red candle closes

3) Green candle closes - note the high price of the green candle.

4) Enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

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

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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Postby prohlfer » Thu Feb 17, 2011 9:10 pm

Has anyone considered using these rules to scalp the EURO? It seems that during the early US market there would be enough movement to make this profitable.

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Postby TheRumpledOne » Fri Feb 18, 2011 4:11 pm

We use these rules to trade all pairs including the EURO.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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rat
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Postby rat » Fri Feb 18, 2011 5:21 pm

The rat zone indicator says "wait" and "ok to short"

"ok to short " means the rat rules all meet ?

Columba
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Keeping Watch

Postby Columba » Fri Feb 18, 2011 5:40 pm

TRO

Do you normally monitor some portion or the entire London session? That is essentially overnight for you in Tucson. Just wondering how much is 'enough?' No problem on New York obviously.

Columba

rat
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how to see which candle ??

Postby rat » Sun Feb 20, 2011 7:20 am

TRO :

can you explain my chart here how to see take which pair of blue/red candle to short ?

more then 20 candles closed within the red box or within 20 pips of daily high

au/usd chart 5 min on friday
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