You are NOT trading time frames. You are trading PRICE.
PRICE IS THE SAME ON ALL TIME FRAMES!!
2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- TheRumpledOne
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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
thanks again and appreciate your help.
Regards
- TheRumpledOne
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Disastrous day
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
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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- TheRumpledOne
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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
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
"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
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