2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 14, 2009 5:37 pm

A. Is this indicator only for H1? In this example, we passed 'Ready' and 'Set', and are waiting for 'Go'?

NO, YOU CAN CHANGE THE INPUTS.

B. What does this small red down arrow mean? Sell stop on the low of that bar?

NO. IT INDICATES THE SHORT TRIGGER WAS TRIGGERED.


C. Can we set alert for the 'Go' in question A?

I DON'T KNOW IF I ENABLED ALERTS OR NOT.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby forrestang » Wed Oct 14, 2009 5:40 pm

How many times per day do you guys trade the Rat?

Once hourly, anytime you get within 20pips of the D1 Low?

TRO: Are you trading all 12 of the pairs on the Rat Reverse Daily?

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 14, 2009 5:40 pm

ATTENTION TRADERS WHO ARE STRUGGLING WITH MT4

You need to read the following thread:

http://www.forexfactory.com/showthread.php?t=67529

Learn how the platform works... YOUR MONEY IS AT RISK!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 14, 2009 5:42 pm

forrestang wrote:How many times per day do you guys trade the Rat?

Once hourly, anytime you get within 20pips of the D1 Low?

TRO: Are you trading all 12 of the pairs on the Rat Reverse Daily?


Trade until you hit you daily goal or loss limit then quit.

I usually only trade ONE PAIR at a time.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 14, 2009 5:49 pm

foreman01 wrote:What is this one with "Fractal" in the heading?
Image


TRO2009_MP_FRACTAL.

A red up arrow means price is above the resistance fractal.

A blue down arrow means price is below the support fractal.

A gray right arrow means price is between support and resistance.

When price breaks through a fractal level, it will see out a previous fractal projection. But that's way off this subject. Think of it as a break out indicator.
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Postby MightyOne » Wed Oct 14, 2009 6:06 pm

forrestang wrote:How many times per day do you guys trade the Rat?

Once hourly, anytime you get within 20pips of the D1 Low?

TRO: Are you trading all 12 of the pairs on the Rat Reverse Daily?


My entry charts are the 6, 8, & 12 hour.

I trade the daily, weekly, monthly, yearly.

I do not place more than 8 trades per day.


How far does price move from a daily low extreme?

How far does price move from a weekly low extreme?

I try and target a range that is hit on > 80% of the candles.

As an example:

1. You find your self at the weekly low.

2. Some time there after you go long and exit for 65 pips.

3. You look over at the weekly chart and see that price moves hundreds and hundreds of pips from one of the extremes > 80% of the time.

While it is not wrong to exit for the respectable gain of 65 pips, it is no where near the the hundreds and hundreds of pips that statistics say that particular extreme is worth.

The 2 Extreme or "Too Extreme" method is the core of my trading.

I wrap TRO's entry methods around my core because they make me the most money.

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 14, 2009 6:14 pm

Image

GREEN RAT REVERSAL...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Wed Oct 14, 2009 6:18 pm

MightyOne wrote:The 2 Extreme or "Too Extreme" method is the core of my trading.

I wrap TRO's entry methods around my core because they make me the most money.


Isn't it "To extreme" as in "go to the extreme"?
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Postby MightyOne » Wed Oct 14, 2009 6:50 pm

TheRumpledOne wrote:
MightyOne wrote:The 2 Extreme or "Too Extreme" method is the core of my trading.

I wrap TRO's entry methods around my core because they make me the most money.


Isn't it "To extreme" as in "go to the extreme"?


If you are trading away from an extreme then you are trading toward the other.

I call it "2 Extreme" as in "there are only two extremes"

2 Extreme, To Extreme, Too Extreme, 1of2 Extreme, it really doesn't matter what you call it as long as you get the idea ;)

I will void holding durations for longs should price move > 38% of the target range short and vise versa.

A correction much greater than 1/3 the range is more likely to be a real move.

Just because a daily long is void that does not mean that a long trade from a weekly will be void...
that is how I know how long to hold when a daily and weekly low are the same.

That said, I do "pause" trades from time to time when it is obvious that there will be a large correction.

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Postby roger_over » Wed Oct 14, 2009 10:17 pm

MO ,
Thank you for your response to my questions. Also I just wanted to add that in just 2 days of looking at this and attempting to disseminate all of the useful info on this thread , I have placed 2 successful trades. It really is a great & simple system to use and I have so much more to learn. Thanks again for the help!!
Genius is more often found in a cracked pot than in a whole one.
E. B. White

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