2009.09.10 DRAIN THE BANKS - LIKE A RAT

[Pro Trader]

Demand level off the Daily low

[TheRumpledOne]

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne]

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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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[Pro Trader]

Demand level off the Daily low

[TheRumpledOne]

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

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The important part is to enter WITHIN 20 pips of the CURRENT 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 CURRENT 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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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[BrandX]

Please someone send me this

kepo try work with original indicator more it is very good! It is simple and works from high and low of day. Just pay attention to price, high and low. On my chart I put daily open but it is not so important. Look at my chart, I wrote my thoughts to help you understand.
I lose some pips using it but I get more than I lose, so for me it is the best.

[TheRumpledOne]

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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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[Pro Trader]

Demand level off the Daily low yesterday



I think I'll get rid of the RSG indi as I don't think I really need it.

Post is a bit late as this trade triggered whilst I was away from my PC.
The level looked too good to leave so I set a pending order, and an alert for the price level and left. When my phone beeped I logged into my account on my iPhone and TP not too long after.

Happy New Year everyone. I wish you a happy and prosperous 2012

[MightyOne]

Who says Rat Trading doesn't work?

[TheRumpledOne]

2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED


This thread is a bit long so the discussion continues here:

http://kreslik.com/forums/viewtopic.php?p=60324#60324

PLEASE DO NOT POST IN THIS THREAD.

THANKING YOU IN ADVANCE FOR YOUR COOPERATION.