2009.09.10 DRAIN THE BANKS - LIKE A RAT

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nickohorny
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Postby nickohorny » Mon Oct 31, 2011 10:31 am

TheRumpledOne wrote:You are thinking too much!

Do you want to go to Yale?


Ha! No I do not :)

I am just looking for ways to make sure I CAN take some trades daily and practice... Don't get me wrong - I do not want to be impatient and force any trades, and I am trying to only focus on a couple of pairs as am new to this. But am struggling to get any trades align with rule of thumb (with the H1 and above W1)

Can be difficult for them to setup. Basically if the H1 is red and I am a green rat (H1 will usually be red if approaching the LOW of day) then we are in need of the time to be approaching a new hour so as it will hopefully turn green whilst still within 20 pip zone... so suppose what I am saying is - if we are in 20 pip of low and it's say 2.30pm, then we won't get a chance to GO WITH the H1 (usually)

So just looking for alternative ways to make 10-20pip a day..

Is this a good application for Yale? lol

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Xwing76
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Postby Xwing76 » Mon Oct 31, 2011 1:02 pm

nickohorny wrote:
TheRumpledOne wrote:You are thinking too much!

Do you want to go to Yale?


Can be difficult for them to setup. Basically if the H1 is red and I am a green rat (H1 will usually be red if approaching the LOW of day) then we are in need of the time to be approaching a new hour so as it will hopefully turn green whilst still within 20 pip zone... so suppose what I am saying is - if we are in 20 pip of low and it's say 2.30pm, then we won't get a chance to GO WITH the H1 (usually)


For me trading only with H1 colour is the biggest filter of rat reversals, and like you say I find most set up in the early part of the hour or quite often straight from the hour start. I also try and wait until Daily Range is hit, both of these together often filters down number of entries on a pair to maybe 2-5 a day but I feel more confident taking them.

nickohorny
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Postby nickohorny » Mon Oct 31, 2011 2:41 pm

Hey Xwing, thanks for the reply.

I like your charts! very snazzy colours.. I have a question regarding entry for rat reversal - posted on your chart.
It seems I have not been following rules properly :-0

How many pairs do you trade by the way?

Thanks again

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SusieQT
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Postby SusieQT » Mon Oct 31, 2011 4:21 pm

Hi Tro,

Here is what I do to gain pips easily.

I take my signals from the hourly candle.
I take pips on the hourly candle open, trade from within 20 pips of the s & r lines. I also trade the news following price action. All of these combine to make for a winning "system". I mostly trade off the 15 mtf.

For today I'm done and going to spend the rest of the day with my two year old.

Only had two losses, 11 wins. I'm in the green for the day and still am since making this work for me as of last week. BTW this also works for me in the wee hours of the London session. I work most of the week and can't trade the New York session on most days.

I think everyone should start with a clean and clear template in order to see what price is doing. Some of Tro's free indicators are of wonderful help in getting started, as well as his charts so you can understand how it all works.


:)

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Postby nickohorny » Mon Oct 31, 2011 5:04 pm

SusieQT wrote:Hi Tro,

Here is what I do to gain pips easily.

I take my signals from the hourly candle.
I take pips on the hourly candle open, trade from within 20 pips of the s & r lines. I also trade the news following price action. All of these combine to make for a winning "system". I mostly trade off the 15 mtf.

For today I'm done and going to spend the rest of the day with my two year old.

Only had two losses, 11 wins. I'm in the green for the day and still am since making this work for me as of last week. BTW this also works for me in the wee hours of the London session. I work most of the week and can't trade the New York session on most days.

I think everyone should start with a clean and clear template in order to see what price is doing. Some of Tro's free indicators are of wonderful help in getting started, as well as his charts so you can understand how it all works.


:)


Hey Suzie, good stuff!
So are you trading using the buyzone at the beginning of the hourly candle?

Thanks

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Xwing76
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Postby Xwing76 » Mon Oct 31, 2011 5:14 pm

nickohorny wrote:Hey Xwing, thanks for the reply.

I like your charts! very snazzy colours.. I have a question regarding entry for rat reversal - posted on your chart.
It seems I have not been following rules properly :-0

How many pairs do you trade by the way?

Thanks again


Ideally i look for entry within 20 pips of the low yes, this might have been a pip or so above the zone (I don't use MT4 for my live trading execution) but I liked the fact price had failed attempt at a new low and H1 was about to turn my way.

nickohorny
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Postby nickohorny » Mon Oct 31, 2011 5:17 pm

nickohorny wrote:Hey Xwing, thanks for the reply.

I like your charts! very snazzy colours.. I have a question regarding entry for rat reversal - posted on your chart.
It seems I have not been following rules properly :-0

How many pairs do you trade by the way?

Thanks again


Same here, actually using Ninja which is pretty fast..

Oh also - what is the indi showing the Hourly candle in Bg again?
Might copy your chart setup, looks attractive to my eyes :)

Xwing76
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Postby Xwing76 » Mon Oct 31, 2011 5:25 pm

nickohorny wrote:
nickohorny wrote:Hey Xwing, thanks for the reply.

I like your charts! very snazzy colours.. I have a question regarding entry for rat reversal - posted on your chart.
It seems I have not been following rules properly :-0

How many pairs do you trade by the way?

Thanks again


Same here, actually using Ninja which is pretty fast..

Oh also - what is the indi showing the Hourly candle in Bg again?
Might copy your chart setup, looks attractive to my eyes :)


Ha ha, I copied it from Dragon and others on here, I use CustomCandle_TRO_Dot_Version with BGCandle setting to true

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TheRumpledOne
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Postby TheRumpledOne » Mon Oct 31, 2011 7:47 pm

Image

Trading with H1 out of the RAT ZONE can be very profitable.

You just have to WAIT!!
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.

handy148
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Time Zones

Postby handy148 » Tue Nov 01, 2011 9:45 am

I've got as far as page 320 so far.

One question please - we are all in different geographical time zones and/or different broker time zones and therefore the same chart will appear slightly different on certain time frames. Myself, I am in England but use OandA which is 4 hours behind GMT. The rat zones seem to start at 00.00 OandA time so presumably we are looking at many different rat zones depending upon broker/geographical location.

Of course, it could be that I'm a prime candidate for an honours degree at Yale.

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