2009.09.10 DRAIN THE BANKS - LIKE A RAT

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wkestler
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Postby wkestler » Fri Aug 12, 2011 6:21 pm

Thanks for your answers regarding my question of DTB for D1 TF i will consider your advice specially now that i have a turnover and my SL was big enough to hurt me!!

TRO can you help me with something... i am a green rat and recently i set a position on D1 and it was activated after passing the high of the last green bar for just 1 pip but after that it all went really down and hit my wide SL. I know losses are part of trading but for higher TF it will be better to set a position to be open H + 5 pips for example instead of just when the high of the previous green bar is touched??

Thanks for your help and advice.

Regards,

Walter

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TheRumpledOne
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Postby TheRumpledOne » Fri Aug 12, 2011 6:25 pm

You are NOT trading time frames. You are trading PRICE.

PRICE IS THE SAME ON ALL TIME FRAMES!!
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.

wkestler
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Postby wkestler » Fri Aug 12, 2011 6:32 pm

Thanks your are 200% right!! I mentioned the TF just for reference but still have my doubt since my position was opened at my entry price according to DTB method but didn´t went up so do you consider it was just a losser trade as part of trading or i should place my entry price a bit higher that the high of last green bar?

thanks again and appreciate your help.

Regards

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TheRumpledOne
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Postby TheRumpledOne » Fri Aug 12, 2011 7:41 pm

Every trade will not result in a win.
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.

Hawaiifive9
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Postby Hawaiifive9 » Mon Aug 15, 2011 6:28 am

TheRumpledOne wrote:It was a trick question!

Unless you know what the entry trigger is, how can you determine the timing of the entry?

Remember, the (YALE STUDENT) brain will attempt to solve every problem it is given. Don't fall for this trick again!



YO - TRO


Well done...lesson learned =D>

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coobin
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Disastrous day

Postby coobin » Thu Aug 18, 2011 7:35 pm

Hi All,



This is my first post here. However I have been with this forum for quite a long time only reading not posting at all.

I started to trade rat 1 month a ago. I am green rat.

At the begining my results were quite ok, but the more I trade it , the worse results I get. Today I had a really horrible day. It is real money however micro lots, so not much pain.

After this one month of practising, I got to the conclusion that the main problem is that I get many 3pips winners, and full stop losers, so I am constantly on BE.

The main problem is when I figure out the trade is not working then it is already -10 pips, however before I figure out it is a good trade it is closed by me with only 3-5 pips profit.

I know the edge of the rat, but some strange thing always happens - when I closed it fast for 2-3 pips ( take what you can rule ), it shoots at least 10-15 pips. When I decide to hold long, then it goes -10. I feel like market knows what I will do and laughs at me.

Is there anybody who can trade that consistently with good results?

Regards,

Coobin
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MightyOne
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Postby MightyOne » Thu Aug 18, 2011 11:48 pm

Tro has a few ebooks that may help you.

You should try placing a partial position & add to it if nothing bad happens right out the starting gate.

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TheRumpledOne
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Postby TheRumpledOne » Tue Aug 23, 2011 1:29 pm

Coobin:

Are you trading AGAINST the H1 candle color?

Are you trading AGAINST the D1 candle color?

Are you trading AGAINST the W1 candle color?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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wkestler
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Postby wkestler » Tue Aug 23, 2011 6:28 pm

TheRumpledOne wrote:Coobin:

Are you trading AGAINST the H1 candle color?

Are you trading AGAINST the D1 candle color?

Are you trading AGAINST the W1 candle color?


Hi TRO, why should that matter if it´s not in the rules?? You just have to be more careful, right??

Isn´t his problem that is overtrading???

Regards and thanks for your help.

Walter

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MightyOne
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Postby MightyOne » Tue Aug 23, 2011 7:16 pm

I little red paint never hurt a short trade...

I can't say the same for green ;)

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