2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Mon Oct 03, 2011 3:00 pm

nickohorny wrote:TRO I just have a trainingwheels question - It will only say WAIT, ONLY TRADE LONG, or ONLY TRADE SHORT based on price being above or below the weekly open right? So what does WAIT mean? what eactly is is WAITING for as it will either be above or below will it not?? Maybe I am not understanding this correctly?

also what is the actual difference between the indi trainingwheels and trainingwheels_DW??

Thank you


If you are a RED RAT, you are waiting for price to be below. If a GREEN RAT, you are waiting for price to be above.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby oldmangeezer » Mon Oct 10, 2011 2:43 pm

If someone be so kind to post a link to most current MT4 Rat Indicators & Templates.

My ISP is so damn slow it would take me 2 months to go through 333 pages.

Is the OP downloads still the current RAT files (indicators & template)?

Thanks in advance!!

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Postby racudeDaRat » Tue Oct 11, 2011 2:29 pm

Hello TRO
i am doing rats since may this year and i want to ask you if u would enter this marked trades in my photobucket.

http://s1205.photobucket.com/albums/bb438/racude/

i am asking because they look as normal entries, but because of them or similary looking ones) my monthly rat-working is gone in one day or two days LMAO.

Thank you so much!

A)
"Let the price RANGE 100 - 200 pips, THEN look for the reversal... "

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

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.

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

B)
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) Green direction

extrema
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Postby extrema » Tue Oct 11, 2011 4:22 pm

TheRumpledOne wrote:
NO PDF.

You have a plan for normal conditions and a plan for fast market conditions and a plan for abnormal spikes.



You can say that again !!

nickohorny
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Postby nickohorny » Fri Oct 14, 2011 3:40 pm

Hi, could someone please help answer the following on the chart posted below. Thanking you kindly!



Lastly - I have some basic questions regarding entry and exit:
Entry: If I am green rat, and I wish to go long, I am to place a 'buy stop limit' ABOVE current price correct? as if price is on GBP/USD as 1.5803'3' and the rat marks to enter at 1.5806'4' for example - I am to place the order due to it being ABOVE current market price and simply WAIT. Correct?

StopLoss: I understand rules say 10 pips. But once order is executed from the ASK price I am currently down roughly 2 pips due to spread, my stop is places and is 10 pips from my entry, so it's currently only 8 pips away from as soon as I entered. Is this normal or should I be accounting for the spread and have my stop at 10 pips FROM THE BID, so roughly 12 pips from entry?


Sorry for such basic questions - I am an ultra newb and just want to have peace of mind I am beginning to practie correctly is all!

Thanks for the help
:oops:

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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 14, 2011 3:46 pm

Do you have the most recent version of the TRO_RAT_ZONE? It should display H1, D1 and W1.

The MP_HLC_PIPS is correct for the current day. It looks like you are looking at the low of the previous day.

You can enter using whatever type of order you want.

The 10 pip stop loss includes the spread.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby nickohorny » Fri Oct 14, 2011 3:58 pm

Thanks TRO

I thought I was yeah, I will go back and check the latest one from the motherlode and see if that works out. I wasn't aware you did a version displaying the H1 also so thanks for that.

hmmm I'm confused now, My chart shows the low and high from midnight - midnight.
So here it is showing the low from Mdnight Eastern time...My MT4 displays the time -5 hours GMT. Is this not correct? I thought we took the 20 pip zones for high and low in the 24 hour period from midnight?

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Postby TheRumpledOne » Fri Oct 14, 2011 8:20 pm

Day start/end depends on the broker.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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nickohorny
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Postby nickohorny » Mon Oct 17, 2011 12:38 pm

Hi, my MP HLC pip chart def seems confusing to me..
Please see the pic, you can see it is telling me that GBP/CHF is within 20 pips of low - but on the chart it is actually within the high!

The time is right, its at 8.20am eastern, so im unsure what's up? it's kind of stopping me practicing as it is telling me wrong things. Is there something within the settings I need to change? Thanks

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Postby TheRumpledOne » Mon Oct 17, 2011 1:59 pm

Refresh your M5 chart!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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