2009.09.10 DRAIN THE BANKS - LIKE A RAT

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nickohorny
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Postby nickohorny » Tue Nov 08, 2011 5:58 pm

Tro, in the RAT ZONE indi, on the gauge on the right it will show an arrow up or down with the H1 / D1 / W1.

Then under it either a OK TO BUY, OK TO SHORT, or WAIT

I realise this is to do with the training wheels, but what constitutes an OK TO BUY ?
I was just watching GBPJPY and the D1/W1 is down. but H1 at mo is up so said OK TO BUY, but then whilst H1 still up it changed to WAIT, so just wondering what it is as I presumed it was if the H1 bias was up it would say OK TO BUY.

Thanks.

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TheRumpledOne
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Postby TheRumpledOne » Tue Nov 08, 2011 9:11 pm

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

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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!

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 09, 2011 12:16 am

nickohorny wrote:Tro, in the RAT ZONE indi, on the gauge on the right it will show an arrow up or down with the H1 / D1 / W1.

Then under it either a OK TO BUY, OK TO SHORT, or WAIT

I realise this is to do with the training wheels, but what constitutes an OK TO BUY ?
I was just watching GBPJPY and the D1/W1 is down. but H1 at mo is up so said OK TO BUY, but then whilst H1 still up it changed to WAIT, so just wondering what it is as I presumed it was if the H1 bias was up it would say OK TO BUY.

Thanks.


Please post a chart so we can see what you see.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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kent-12345
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Postby kent-12345 » Wed Nov 09, 2011 5:01 am

Quick question on money management, I know you risk two percent per trade. How do you size your position, do you split your capital in 2 percent chucks so say 200 dollars per trade and every trade you play the same 200 dolars no matter if your capital grows or decreases, or do you use 2 percent so say your capitalital is $1000 you would risk $20 you win so now you would risk 2 percent of $1020 or the opposite you lose and the account is down to $980 would you now be risking 2 percent of $980. Thanks.

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 09, 2011 12:28 pm

Image

"Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame (with the obvious limitations explained above)
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden
=============================================
1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY
============================================
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!



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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 09, 2011 2:24 pm

kent-12345 wrote:Quick question on money management, I know you risk two percent per trade. How do you size your position, do you split your capital in 2 percent chucks so say 200 dollars per trade and every trade you play the same 200 dolars no matter if your capital grows or decreases, or do you use 2 percent so say your capitalital is $1000 you would risk $20 you win so now you would risk 2 percent of $1020 or the opposite you lose and the account is down to $980 would you now be risking 2 percent of $980. Thanks.


Adjust each day. Do not adjust each trade.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Xwing76
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Postby Xwing76 » Wed Nov 09, 2011 4:04 pm

Grabbed a few quick rat trades. Really feeling the benefit of having Dragon Lines appear within the ratzone, I have noticed for a while price does often bounce and turn at these areas, and even todays market with these extreme moves price has reacted at most of these, even if only briefly.



out for +10 last rat as I post

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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 10, 2011 12:19 pm

Image

=============================================
1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY
============================================

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.

Xwing76
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Postby Xwing76 » Thu Nov 10, 2011 3:10 pm

I'm really pleased with this trade, I was eying this entry area for a couple of hours, hoping price would react at a H1 dragon Line, so I was determined to hold this entry and had to walk away from the PC to stop myself closing the trade at one point. Closed at 40 pips now



Here is H1 view and why I was interested in that dragon Line


Xwing76
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Postby Xwing76 » Thu Nov 10, 2011 3:15 pm

double post

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