2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 24, 2011 6:33 pm

You would have to run the stats on futures to find the ZONE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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iluvtrading
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Postby iluvtrading » Thu Feb 24, 2011 7:55 pm

TheRumpledOne wrote:Look at the 2011 DONATIONAL INDICATOR thread:

http://kreslik.com/forums/viewtopic.php?p=52380#52380


thnx TRO

:smt023

rat
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Postby rat » Fri Feb 25, 2011 2:16 am

MO REVERSAL :

MO stands for what ?

TRAINING WHEELS ON :

What is that ?

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Postby TheRumpledOne » Fri Feb 25, 2011 1:26 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!!


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

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

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

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

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

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 » Fri Feb 25, 2011 1:58 pm

Image

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 candle 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.

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

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

THINK ABOUT IT!!

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

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

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

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 rat » Fri Feb 25, 2011 7:15 pm

>>>>Go long when current H1 candle is green

TRO :

at what price you enter trade on above chart H1 usd/cad ?

Must the green candle in the green box also closed within 20 pips ?

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Postby TheRumpledOne » Fri Feb 25, 2011 8:17 pm

The RED candle closes.

Then if the new candle turns green, you enter.

You may want to wait a minute or 2. Or you may just jump in.

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

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

THINK ABOUT IT!!
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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Postby Humble » Sat Feb 26, 2011 12:21 am

rat wrote:MO REVERSAL : MO stands for what ?
TRAINING WHEELS ON : What is that ?


If it's obvious you are not reading the thread, peeps are not going to answer your questions.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby rat » Sat Feb 26, 2011 6:10 am

TRO :

I did what you said enter when candle turns green after red candle closes but sometimes green candle repaints after I enter. very risky.

why cannot wait for green candle to close and enter at the 3rd candle at the green candle high ?

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Postby TheRumpledOne » Mon Feb 28, 2011 3:51 am

"why cannot wait for green candle to close and enter at the 3rd candle at the green candle high ?"

You can do WHATEVER you want to do...

It is YOUR ACCOUNT.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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