2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11397
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

wkestler
rank: <50 posts
rank: <50 posts
Posts: 30
Joined: Wed Mar 10, 2010 5:39 pm
Reputation: 0
Location: Guatemala
Real name: Walter Kestler
Gender: None specified
Contact:

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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11397
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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
rank: <50 posts
rank: <50 posts
Posts: 22
Joined: Mon Feb 28, 2011 6:02 am
Reputation: 0
Location: HAWAII
Gender: Male

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>

coobin
rank: <50 posts
rank: <50 posts
Posts: 4
Joined: Thu Aug 18, 2011 7:03 pm
Reputation: 0
Gender: Male

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
Attachments
18.08.2011.PNG
18.08.2011.PNG (154.84 KiB) Viewed 1632 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11397
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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!



Please do NOT PM me with trading or coding questions, post them in a thread.

wkestler
rank: <50 posts
rank: <50 posts
Posts: 30
Joined: Wed Mar 10, 2010 5:39 pm
Reputation: 0
Location: Guatemala
Real name: Walter Kestler
Gender: None specified
Contact:

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

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 ;)

coobin
rank: <50 posts
rank: <50 posts
Posts: 4
Joined: Thu Aug 18, 2011 7:03 pm
Reputation: 0
Gender: Male

Postby coobin » Tue Aug 23, 2011 7:58 pm

TRO, just to answer your questions:


"Are you trading AGAINST the H1 candle color? "

As far as H1 is concerned, when I trade against it, I am very fast to get out, being more cautious so to speak.

"Are you trading AGAINST the D1 candle color?"

D1 candle is rarely green as I trade daily low ( this is what rat is all about ) and usually daily low is below the daily open. So if I catch the daily extremes, as RAT methods suggests, then it is obvious the D1 CANDLE will be red at that particular time. Then it can shoot up and become green candle leaving a wick on the chart.

"Are you trading AGAINST the W1 candle color?"

I only trade when W1 Candle is up. ( I am a green rat )

For now I am gonna just stick to the method, I am not going to overthink, maybe after some practice I will SEE more then I see now.

Thanks for your help Tro and others. If you have anymore input, your help is appreciated.

Best regards,

Coobin

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”