2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

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

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

Let's clear things up:

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.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

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[TheRumpledOne]

A little refresher.

Legend for the control multimeter:

Strong Buyers = Lime;
Weak Buyers = Green;
None = Gold;
Weak Sellers = Crimson;
Strong Sellers = Red.

FREE MT4 indicators and template attached.



PLEASE DO NOT POST MY CODE ON OTHER FORUMS.

[2 xrismak]

Hi Tro,
I know where the template file goes, but where do all the other eight files go please on this TRo_RAT indicator, I love what I am seeing and I liberated you too for all the good work men, keep it up and expect another Donation from me Again pretty soon buddy !

[2 xrismak]

Tro,

Figured it out, put all the files in the experts/ Indicator folder in Meta trader. Yeah.

[TheRumpledOne]

Notice my post a couple of posts earlier.

Note the price of USDCAD and ClLo value.

Look at the price of USDCAD and the ClLo value in this post.

What do you SEE?

What does that mean?

[TheRumpledOne]

2 xrismak:

Read this thread

http://www.forexfactory.com/showthread.php?t=67529

[2 xrismak]

Thanks Tro !

[TheRumpledOne]

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

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

Let's clear things up:

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.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

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

[TheRumpledOne]

EURUSD lower price is 32 pips above the daily low.

What does this mean?

[TheRumpledOne]

What does this chart tell you?