2009.09.10 DRAIN THE BANKS - LIKE A RAT

[oldmangeezer]

THIS IS HOW I KEEP TRACK OF RAT REVERSALS.

The M5 Rat Reversal Indicator

I see the R-S-G (Ready Set Go) on the AUDUSD are all Green. Does this mean to look at this currency pair and look for a trigger to go long?


Thanks!!

[TheRumpledOne]

Tro, would it be useful to have a column showing overall candle length for the current candle along with an avg candle length/# bars? that way we could possibly see how much up or down space we have left to go on average?

Use the TRO2009_MPMM_CANDLECOLOR. It shows the current and average ranges.

[TheRumpledOne]

Hi Tro.

Could you please make Tro Rat D1 HL Breakout Indicator, which consist of Tro Rat & Reversal Strategy ?

My indicators usually have inputs for the chart period you want to use.

So you can use the RAT PLOT and RAT REVERSAL indicators on D1.

[TheRumpledOne]

All I need is one more bar in the code

In what code?

I am keeping it simple but if you SEE something that is profitable, TRADE IT!

[TheRumpledOne]

1) It does NOT MATTER. Just pick either RED or GREEN and stick with it.

2) The TRO2009_MP_RAT_REVERSAL

I have posted "ACCURATE INSTRUCTIONS" more than once.

[TheRumpledOne]

From what I can tell the rat is going to beat most of you because you sound like you are in Yale!!

Reread the thread if you do NOT understand.

[oldmangeezer]

What makes this confusing is other posts adding their trading spin on the "Got Cheese". I'm not knocking other members posts here. In all honesty since thread #1 indicators change, charts are posted with a short blurb of instruction. Is it possible when you post a chart to add text on your charts you post where you entered your trade and exited or any other pertinent information on your charts that would clarify any confusion. Thanks!!

[zulemara]

This is what I came up with, along with some examples:

ok point 1.  

in this picture, you see a 3 semaphore on a red candle. You then see a closed green candle and the you see the current candle

so you have 3 criteria, 1. you're within 20 pips of the daily high/low..in this case high. You are also in the shaded blue box which is part of the 20 pip criteria
2. you have a red candle, green candle
3. you have your trigger, which is indicated by the green line inside the shaded box.

so now you have your decision. It COULD reverse away from that high. A 3 semaphore has been made already so it could go either way.

BUT the trade setup says place a buy

are you sure if u should take the trade? look at the trend...green green green green. So you should place the pending buy.

case and point:




well look at that, new 3 semaphore has been painted and we are in a breakout candle.

What do we call that TRO? Results

[oldmangeezer]

Zule thanks for your explanation: (Based on the previous post)

You see a 3 semaphore on a "red" candle you then see a closed "green" candle and the you see the current candle.

So you have 3 criteria:

1. You're within 20 pips of the daily high/low..in this case high and are also in the shaded blue box which is part of the 20 pip criteria.


2. You have a red candle, green candle

3. You have your trigger, which is indicated by the green line inside the shaded box.


So now you have your decision.

It COULD reverse away from that high.

A "3" semaphore has been made already so it could go either way.

BUT the trade setup says place a "Buy"

Are you sure if you should take the trade?

Look at the trend...green green green green.

So you should place the pending buy.


Question: Are you trading off the 1 hour chart(s) and NOT the 5 minute chart(s)?

[zulemara]

yes, I trade the 1hr chart. Takes longer for setup, but rewards are greater AND I don't have to sit here constantly watching.