2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Fri May 27, 2011 7:09 pm

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

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.

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

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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Postby prochargedmopar » Fri May 27, 2011 10:47 pm

Been a while, I must say that the RAT is a very wise animal and it's entry technique into the market is also VERY sneaky!!!
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

racudeDaRat
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Postby racudeDaRat » Sun May 29, 2011 9:30 am

Hello Avery,
i've been wondering .. do u know any book which can help you develop ''disregard for money'' ?

i have read - your money and your brain etc - so my opinion is .. this kinda book can help me...

Thank you!

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TheRumpledOne
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Postby TheRumpledOne » Sun May 29, 2011 8:27 pm

''disregard for money'' ?

Perhaps you should consider taking a vow of poverty!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Relativity » Mon May 30, 2011 11:27 am

TheRumpledOne wrote:EURJPY is probably the best overall pair to trade based on volume, range and "action".


Yup.
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Postby PebbleTrader » Mon May 30, 2011 1:39 pm

racudeDaRat wrote:Hello Avery,
i've been wondering .. do u know any book which can help you develop ''disregard for money'' ?

i have read - your money and your brain etc - so my opinion is .. this kinda book can help me...

Thank you!


That is a good book. Your problem may not be answered in a book, but more so a look within. Determine how much you are willing to risk account wise such that if you lost it all, it would have little impact on your lifestyle/well being/emotions. Then you can trade it as if it is not money and something else, maybe think of it as tiny rocks, aka, "pebbles" (fearless).
Life is just a journey

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Postby wkestler » Tue May 31, 2011 8:57 pm

TheRumpledOne wrote:EURJPY is probably the best overall pair to trade based on volume, range and "action".


Thanks TRO for your help. I will start trading this pair and let people know which was the result.

Regards,

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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 08, 2011 12:54 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.

boise
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New guy

Postby boise » Thu Jun 09, 2011 11:06 pm

How do I upload this template into meta trader,sorry very new at this,would like to know the steps on how to upload,so that i can start to practice. and is the template on the first post? Thank you for all the help.

boise
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new

Postby boise » Thu Jun 09, 2011 11:11 pm

I am still reading,right now i am on page 39,still have a way to go to the end,but would like to start practing while I read to the end.

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