2009.09.10 DRAIN THE BANKS - LIKE A RAT

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nickohorny
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Postby nickohorny » Wed Nov 16, 2011 5:54 pm

Hi TRO and thanks for the response,

Firstly, the RAT ZONE indi I use is TRO_RAT_ZONE, and have the input values for 20 pip zones. It may be hard to see on my chart as I shade the zone colour just slightly paler than the bg colour. But you can see the navy dots showing the zone..

Is this the correct indicator? what made you ask me if i was using the correct one?

Secondly, I understand the rule of thumb - do not trade as a green rat long unless with the H1 and W1 bias.. but this is where I COMPLETELY STRUGGLE to get any trades per day! If I choose to only take them IN THE RAT ZONE with BOTH BIAS I literally can take a whole day without finding any setups. This is why I just chose to trade with the H1 as a filter for now.

Not only that, but If I pick just one pair to master as I am new (as you advise) It is even more difficult to get any setups! as just one pair there will be even less chances.

Once I see OPPORTUNITY on the gauge, I then look at TRO2010_MP_DW under it and it is extremely rare to see it within the LOW OF DAY and ABOVE D1 and W1.

I also see your posted charts and rarely are you showing taking rat trades long with the W1 and D1.

I hope you don't take this the wrong way from me.., I love your teaching, and have all your pdf books and indicators as I just want to learn so much and be profitable at some point, I am just struggling to master some steps I guess, well I am not as I KNOW they are VERY EASY to understand! but just don't seem to be working for me....yet! I need to work out where I am going wrong, I will try just taking trades with both H1 and W1 only now, see how I get on. I don't think I can EVER see price above D1 once in the rat zone.. never really came across it anyway!

I hope you don't mind me posting so much of late - I have read all this thread and the old NLA one on babypips and am only just getting active with demo trading hence my posts lately!

Thanks and keep up the awesome work :D

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 16, 2011 8:13 pm

Feel free to post. Express your opinions and share your experiences as much as you want.

You only need 1 or 2 trades per day.
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.

nickohorny
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Postby nickohorny » Wed Nov 16, 2011 8:59 pm

earlier trades, this time to go with both H1 and W1 bias only



then the dreaded stopout! Grrr damn you SL! :x



Come on rat pick up that delicious cheese for once!

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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 17, 2011 12:16 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!



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Postby TheRumpledOne » Thu Nov 17, 2011 1:47 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 17, 2011 2:34 pm

Ok, let's start fresh

I have just to my pc, so will await a setup today based on the following:



Only 2 pairs that can be in play at some point is either USD/CAD and USD/CHF as these are only 2 above W1. Let's wait and see if I can get a trade with either.

nickohorny
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Postby nickohorny » Thu Nov 17, 2011 5:22 pm

Tro, I was just wondering whatever happened to trading buzzard reversals? I used to remember reading you taking them setups all the time and just wondered why you dropped using it?

In fact, you seem to of had so many ways you traded and created diff methods like that and buyzone etc what made you now just decide to trade DTB within the rat 20 pip zone only?

I ask as recently I started to read NLA thread here on kreslik, and see it's beginining to now discuss all sorts of things like Zline, Momo, Mightyzones etc and it's all too much info it's confusing me and making me think of even more new ways I should learn to trade!!

handy148
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JS_Trendlines

Postby handy148 » Thu Nov 17, 2011 10:58 pm

TRO - way back on Tuesday 9th March at 6.55 pm 2010 in DTB forum someone with the user name "scar" posted the above named indi which draws supply and demand trendlines. Unfortunately there is no option to change the thickness of the lines. Wondered if there was any chance of you making that available next time you feel like coding something.

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Postby TheRumpledOne » Fri Nov 18, 2011 8:23 pm

nickohorny:

Trading like a rat just makes sense to me. It is simple and it's hard to overtrade. Not to mention, if you only trade one direction, sooner or later, you'll be profitable.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: JS_Trendlines

Postby TheRumpledOne » Fri Nov 18, 2011 8:25 pm

handy148 wrote:TRO - way back on Tuesday 9th March at 6.55 pm 2010 in DTB forum someone with the user name "scar" posted the above named indi which draws supply and demand trendlines. Unfortunately there is no option to change the thickness of the lines. Wondered if there was any chance of you making that available next time you feel like coding something.


I need the exact name of the indicator.

Post a link, chart and/or the code.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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