2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

Kent:

THERE ARE NO ANSWERS!

I showed PLAN A of my EXIT PLAY BOOK. This was for EDUCATIONAL PURPOSES ONLY to help others design their own. I also have plans B, C, D.

You have to decide when/how to exit and put that in your own exit play book.

[Hawaiifive9]

Yo Tro --
Mahalo for the scoops re: the PDF assisted indys - appreciate the fast track to the freebies too. Is there a "table of contents", as it were, that lists the 2010 donationals & are they still available? Ciao Mein...

[TheRumpledOne]

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

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

THINK ABOUT IT!!


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MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

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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.

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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne]

Yo Tro --
Mahalo for the scoops re: the PDF assisted indys - appreciate the fast track to the freebies too. Is there a "table of contents", as it were, that lists the 2010 donationals & are they still available? Ciao Mein...

I will answer your question in the 2010 Donational Indicator thread.

[TheRumpledOne]

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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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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[wkestler]

TRO, i would like to ask for a simple advice. I can´t trade until 9:00 pm eastern time due to some changes on my schedule. Which will be a good pair starting on that time?

Thanks for your advice.

[ewcraigs]

TRO,

I notice that you mention a stop loss of 10 pips. What edge does DTB have over a 50% win /50% loss?

I assume that DTB must be higher than 50/50, because if you have a stop loss of 10 pips, then over the long term you must have a profit target of 20 pips for 50/50 to be profitable.

You say to take a profit whenever you can. But when risking 10 pips and for instance taking 5 pips profit, in a 50/50 system you will lose over the long term.

Appreciate your thoughts/insight.

[2trade]

hi avery

glad the web site is up missed it sooo much. i would like to know when you take the rat trade does the hour candle color matter, many times i see a green candle that is longer than the previous red candle but sit there hesitating and miss the trade other times it is just a fake out. if your a green rat does the hour have to be green too.
thanks

[tmanbone]

Glad we're back.

[Hawaiifive9]

Back in the saddle - welcome back