2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Wed Mar 16, 2011 1:57 pm

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The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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"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."

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

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

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Postby ewcraigs » Wed Mar 16, 2011 3:51 pm

RE: Plan B

Plan A looks like it IS using trailing stops, right? Can you give an example of how you might scale out?

Thanks

TheRumpledOne wrote:Exits are done according to my EXIT PLAY BOOK.


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

FOREX EXIT PLAY BOOK

PLAN "A"
+PIPS
20 WAIT
19 WAIT
18 WAIT
17 WAIT
16 SET STOP: ENTRY + 10
15 WAIT
14 WAIT
13 WAIT
12 WAIT
11 WAIT
10 SET STOP: ENTRY + 5
9 WAIT
8 WAIT
7 WAIT
6 WAIT
5 SET STOP: ENTRY + 3
4 WAIT
3 WAIT
2 WAIT
1 WAIT
0 ENTRY: STOP LOSS - 10


USE STOP MARKET


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

You also need PLAN "B" (for scaling out, trailing stops) and possibly PLAN "C" (for other market conditions).

You must develop your own EXIT PLAY BOOK.

ewcraigs
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Commissions

Postby ewcraigs » Wed Mar 16, 2011 4:36 pm

TRO,

I've been paper trading this method. Do you find commissions eat you up sometimes?

Thanks

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TheRumpledOne
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Postby TheRumpledOne » Wed Mar 16, 2011 9:22 pm

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WHAT A DAY TO BE A RED RAT!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: Commissions

Postby TheRumpledOne » Wed Mar 16, 2011 9:24 pm

ewcraigs wrote:TRO,

I've been paper trading this method. Do you find commissions eat you up sometimes?

Thanks


No.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: Commissions

Postby ewcraigs » Wed Mar 16, 2011 10:54 pm

How do you prevent it? It seems like it sometimes whips you in/out of a trade. How are you selective between all of the long trades.

TheRumpledOne wrote:
ewcraigs wrote:TRO,

I've been paper trading this method. Do you find commissions eat you up sometimes?

Thanks


No.

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TheRumpledOne
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Re: Commissions

Postby TheRumpledOne » Thu Mar 17, 2011 4:17 pm

ewcraigs wrote:How do you prevent it? It seems like it sometimes whips you in/out of a trade. How are you selective between all of the long trades.

TheRumpledOne wrote:
ewcraigs wrote:TRO,

I've been paper trading this method. Do you find commissions eat you up sometimes?

Thanks


No.


Switch to H1 or H4 candles if you find yourself being "whipped".
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 17, 2011 4:18 pm

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GREEN RATS GETTING FAT!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Mar 18, 2011 1:58 pm

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GO GREEN RATS, GO!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Sun Mar 20, 2011 8:42 pm

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predictivePowerOfPricePatterns.pdf
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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