2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 01, 2011 2:42 pm

Image

=============================================
GREEN RAT REVERSAL TRADE

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) If the rules do not mention it, then it is of no concern.


"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

============================================


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Postby TheRumpledOne » Tue Nov 01, 2011 2:45 pm

Xwing76:

Are you entering trades outside of the RAT ZONE?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Xwing76 » Tue Nov 01, 2011 3:06 pm

TheRumpledOne wrote:Xwing76:

Are you entering trades outside of the RAT ZONE?


Trying not to, that last one was just outside but a M15 & M5 setup with H1, the previous 2 were within the rat zone at the time they were taken

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Postby nickohorny » Tue Nov 01, 2011 4:24 pm

TheRumpledOne wrote:Xwing76:

Are you entering trades outside of the RAT ZONE?


See, now this is where I get confused :cry:

I have been re-reading your never lose again thread on trade2win, and through it you begin developing the rat reversal DTB method, you show many times trades to take OUTSIDE the RAT ZONE. The pic below is one example I taken from it about midway through and there are many like this. So is this WRONG then?

The actual link is here: http://www.trade2win.com/boards/day-tra ... e-180.html

Just want to make sure of my rules, if I am only to ENTER WITHIN THE ZONE, or if PRICE IS TO ENTER THE ZONE FIRST but taking it long don't then matter if inside or not. Thanks :roll:


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This just happened

Postby nickohorny » Tue Nov 01, 2011 5:38 pm

Hey, so this just happened to me, please confirm if I am right and the trade here was invalid due to price leaving the rat zone.

Thanks


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Postby Captain Pugwash » Tue Nov 01, 2011 6:51 pm

hi Nick

If I remember correctly the rat is only one entry method.

I am pretty sure you can catch price as it leaves the station :) (leaves the rat zone) irrespective of a pure rat trade when price breaks the high of the green candle.

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Postby nickohorny » Tue Nov 01, 2011 7:32 pm

Thanks Pugwash!

Only reason I ask as just earlier TRO asked Xwing if he was taking trades OUTSIDE the rat zone - making me thinkg he slightly confused as to why as that is not the DTB rules.. so just wanted to know what are the exact rules, take a reveral in zone or out, or either?. Thanks

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Postby TheRumpledOne » Tue Nov 01, 2011 7:55 pm

Let's clear things up:

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.


Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!!


The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.
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.

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 02, 2011 12:39 pm

Image

<-------------------------------------------------------------------->

1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY

<-------------------------------------------------------------------->

The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

<-------------------------------------------------------------------->

Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.

THINK ABOUT IT!!


<-------------------------------------------------------------------->

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

<-------------------------------------------------------------------->

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

<-------------------------------------------------------------------->

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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.

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 02, 2011 1:53 pm

Image

=============================================
GREEN RAT REVERSAL TRADE

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) If the rules do not mention it, then it is of no concern.


"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

============================================


PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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.

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Thank you for your support.


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