2009.09.10 DRAIN THE BANKS - LIKE A RAT

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Pro Trader
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Postby Pro Trader » Mon Dec 19, 2011 7:00 pm

Demand levels off the Daily low

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kepo38
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Postby kepo38 » Mon Dec 19, 2011 8:12 pm

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Postby kepo38 » Mon Dec 19, 2011 8:57 pm

Pro Trader wrote:Demand levels off the Daily low

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Image

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MightyOne
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Postby MightyOne » Mon Dec 19, 2011 10:47 pm

Kepo, this system requires a 10 pip stop loss...

Even if you were as skilled at taking entries as TRO, you would still blow up your account with that lot size and money management.

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TheRumpledOne
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Postby TheRumpledOne » Tue Dec 20, 2011 1:07 pm

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1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY

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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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Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.

THINK ABOUT IT!!


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MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

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1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Tue Dec 20, 2011 8:17 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!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby MightyOne » Tue Dec 20, 2011 9:14 pm

I was getting ready to post the same thing...

http://i40.tinypic.com/21nljt1.gif

The risk I use when scalping is 0.5% per 10 pips if anyone was wondering.

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 21, 2011 1:22 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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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 21, 2011 3:30 pm

Image

Image

TRO_HLO plots the opens for the green candles, red candles or both.
Attachments
TRO_HLO.mq4
(13.21 KiB) Downloaded 140 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Wed Dec 21, 2011 3:35 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!



Please do NOT PM me with trading or coding questions, post them in a thread.

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