2009.09.10 DRAIN THE BANKS - LIKE A RAT

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PINKPANTHER5
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby PINKPANTHER5 » Sat May 16, 2015 1:59 am

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

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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 ?

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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

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TheRumpledOne
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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!

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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

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RED RAT day...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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

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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!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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

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

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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!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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

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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!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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

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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!



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