2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Fri Dec 02, 2011 3:46 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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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby slingblade » Fri Dec 02, 2011 6:45 pm

TheRumpledOne wrote:The broker's D1 candle... keep it simple!


Hi TRO,
Since you've mentioned this it allows me to ask:
Is it really so relative? Honest question.
Your broker is MBT yet you seem to primarily chart off of Alpari. MBT uses NY time and Alpari uses GMT, isn't that correct? Would it not make a difference for plotting rat zones and daily BuyZone trades? Also, since MBT has MT4 may I ask why you have chosen to chart from Alpari? I know you have mentioned having redundant feeds.(EDIT: I just looked and see now that the last few screenshots are using FXDD feed. Never mind the Alpari comment.)

Unrelated: Do you like using MBT's Desktop Pro software for entering/managing trades? Seems like their TTO feature would be useful for the BuyZone strategy.

Ignore the parts you want.

Erik

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TheRumpledOne
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Postby TheRumpledOne » Fri Dec 02, 2011 9:18 pm

Is what so relative?

Yes, it would make a difference FROM WHERE YOU ARE (THE OBSERVER). But if you ALWAYS use the same broker to chart, then your statistics and performance will be relative to you.

However...

If the price is making a daily low on the NY time but not on the GMT time, then the NY trader may be in the trade while the GMT trader is waiting.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Dec 02, 2011 9:19 pm

I use the NAVIGATOR to trade.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby slingblade » Fri Dec 02, 2011 9:42 pm

TheRumpledOne wrote:Is what so relative?

Yes, it would make a difference FROM WHERE YOU ARE (THE OBSERVER). But if you ALWAYS use the same broker to chart, then your statistics and performance will be relative to you.

However...

If the price is making a daily low on the NY time but not on the GMT time, then the NY trader may be in the trade while the GMT trader is waiting.


Yes, your "however..." comment gets to the heart of my question. The broker's time frame seems like it could matter depending on what market opening you are trading and your indicators' relation to that market's time.

Am I getting too Yalie?

As an example, I'm trying to trade from the Rat Zone within 20 pips of the daily low. If that zone resets at a time that isn't GMT, will it matter? I know that rat reversals can work anywhere on the chart but trading from the edges seems to give an edge.

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Postby slingblade » Fri Dec 02, 2011 9:59 pm

TheRumpledOne wrote:I use the NAVIGATOR to trade.


Does it use broker time or GMT? I'm assuming that the implied answer here is GMT. I'll look when I get home.

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Postby paupau » Sun Dec 04, 2011 9:18 am

TheRumpledOne wrote:
paupau wrote:Image

Yesterday's trade.
Any comments would be appreciated

Weekly & H1 are green
Price within 20 pips of daily low


Looks like you could have made 3 pips. Price was moving slow, so take the pips fast.


Actually the highest price was 78.090, which is 0.9 pips.
This is including the spread, so didn't take any profits / moved my stop loss yet.

And TRO, how many M5 candle bars before you consider that the price is moving slow?

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Postby handy148 » Sun Dec 04, 2011 1:39 pm

TRO - am I dreaming or did I see on one of your charts an indi which automatically draws a line at 50% of a MOMO candle?

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Postby TheRumpledOne » Sun Dec 04, 2011 1:46 pm

slingblade wrote:
TheRumpledOne wrote:Is what so relative?

Yes, it would make a difference FROM WHERE YOU ARE (THE OBSERVER). But if you ALWAYS use the same broker to chart, then your statistics and performance will be relative to you.

However...

If the price is making a daily low on the NY time but not on the GMT time, then the NY trader may be in the trade while the GMT trader is waiting.


Yes, your "however..." comment gets to the heart of my question. The broker's time frame seems like it could matter depending on what market opening you are trading and your indicators' relation to that market's time.

Am I getting too Yalie?

As an example, I'm trying to trade from the Rat Zone within 20 pips of the daily low. If that zone resets at a time that isn't GMT, will it matter? I know that rat reversals can work anywhere on the chart but trading from the edges seems to give an edge.



Image


Blue is NY, Yellow Asian, Maroon London. Look and SEE. Now you tell me if it matters.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Sun Dec 04, 2011 1:47 pm

handy148 wrote:TRO - am I dreaming or did I see on one of your charts an indi which automatically draws a line at 50% of a MOMO candle?


I may have written one.. May have been a DOT indicator.
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