2009.09.10 DRAIN THE BANKS - LIKE A RAT

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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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Postby TheRumpledOne » Thu Nov 10, 2011 3:18 pm

Image

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

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

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

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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nickohorny
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Postby nickohorny » Thu Nov 10, 2011 4:15 pm

earlier today


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Postby nickohorny » Thu Nov 10, 2011 4:18 pm

and shortly after...


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Postby nickohorny » Thu Nov 10, 2011 4:21 pm

and after that:



After this price shot up - it's where Xwing took +30 on it...
seems I am restricting myself to gaining more pips by locking in profit at +1 once it hits +4. If I let it breathe more I could of took much more on these... hmmm what to do, what to do!

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TheRumpledOne
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Postby TheRumpledOne » Fri Nov 11, 2011 2:17 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 » Fri Nov 11, 2011 5:39 pm

Price reacting at H1 Dragon Line again, I'm glad to see these in my ratzone when considering a trade as well as always trading with H1 colour. It won't always work, I took loss earlier, but for me personally its giving me confidence, I like to have other reasons to take a rat trade as well as TRO's rules.


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