2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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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

eurusdh1.png
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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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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

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

eurusddaily.png
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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!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Thu May 21, 2015 1:02 pm

eurusdh1.png
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Red Rats and Green Rats both rewarded today.
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 » Thu May 21, 2015 10:08 pm

Thanks TRO! :smt066 DRAIN THE BANKS

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Fri May 22, 2015 1:42 pm

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RED RATS!!
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 26, 2015 6:26 pm

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RED RATS FEASTING!!
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 27, 2015 1:10 pm

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Red Rats must have been hungry this week...
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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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Thu May 28, 2015 1:19 pm

eurusdm5.png
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Remember, PRICE IS THE SAME ON ALL CHART PERIODS!
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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