2009.09.10 DRAIN THE BANKS - LIKE A RAT

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

ANDRE1982
rank: <50 posts
rank: <50 posts
Posts: 6
Joined: Sat Apr 11, 2015 11:44 am
Reputation: 0
Gender: None specified

Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby ANDRE1982 » Sun May 17, 2015 8:08 pm

Another Green Rat day so far... Red Rats get ready... :roll: order entry sell stop 1.14260 ?

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

ANDRE1982
rank: <50 posts
rank: <50 posts
Posts: 6
Joined: Sat Apr 11, 2015 11:44 am
Reputation: 0
Gender: None specified

Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby ANDRE1982 » Sun May 17, 2015 8:54 pm

eurusdh1.png
eurusdh1.png (43.1 KiB) Viewed 240 times

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Sun May 17, 2015 9:15 pm

PINKPANTHER5 wrote:Drain the banks is a great system. Is there a way to project the semafore of multiple time frames on a single chart?


We stopped using the semaphores years ago....
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon May 18, 2015 3:07 pm

eurusdh1.png
eurusdh1.png (45.36 KiB) Viewed 213 times


RED RAT 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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Tue May 19, 2015 2:03 pm

eurusdh1.png
eurusdh1.png (37.21 KiB) Viewed 188 times


Weekly bias was SHORT... that was the clue for the RED RATS to feast...
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

ANDRE1982
rank: <50 posts
rank: <50 posts
Posts: 6
Joined: Sat Apr 11, 2015 11:44 am
Reputation: 0
Gender: None specified

Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby ANDRE1982 » Tue May 19, 2015 5:05 pm

eurusd rat zone.png
eurusd rat zone.png (43.83 KiB) Viewed 183 times

Hello TRO, please,where should I place an order? I correctly set the order green and red rat?

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Wed May 20, 2015 2:09 pm

ANDRE1982 wrote:
eurusd rat zone.png

Hello TRO, please,where should I place an order? I correctly set the order green and red rat?


You want to enter when price is IN THE ZONE or right as price is EXITING THE ZONE - within 20 pips of the current daily high/low.

Also, I usually use 5 minute candles for the RAT REVERSAL, not H1 candles.


Let's clear things up:

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.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.


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


The important part is to enter WITHIN 20 pips of the CURRENT daily high/low. The RAT REVERSAL is only one entry method.


GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG


RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Wed May 20, 2015 2:15 pm

eurusdh1.png
eurusdh1.png (46.14 KiB) Viewed 162 times


The short trigger is the lower PRICE BOX on RED RAT ZONE

The long trigger is the upper PRICE BOX on GREEN RAT ZONE

The trigger values are also displayed in the upper left hand corner of the chart.
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Wed May 20, 2015 2:27 pm

eurusdm5.png
eurusdm5.png (62.22 KiB) Viewed 160 times


The Rat Reversal can occur anywhere on the chart.

The best opportunity for profit is when price is in the RAT ZONE.
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Wed May 20, 2015 2:31 pm

eurusddaily.png
eurusddaily.png (46.26 KiB) Viewed 160 times


Remember, this is based on statistics...

Looking at the frequency distribution for the last 15 trading days, you can see the size of the upper and lower daily candle wicks usually exceed 20 pips.

That is why is it important to enter within 20 pips of the current daily high/low.
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”