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 Jun 28, 2017 3:44 pm

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

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Thu Jun 29, 2017 5:26 pm

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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 » Fri Jun 30, 2017 4:45 pm

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DRAIN THE BANKS - LIKE A RAT

1) price within 20 pips of the CURRENT daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.


"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."


GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.


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.
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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MightyOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Mon Jul 03, 2017 11:32 pm

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby Mira » Tue Jul 04, 2017 2:01 pm

Same results :shock:

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__________ THE :smt096 IS A LIE__________

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Tue Jul 04, 2017 5:02 pm

That short would have been nice :(
but I went to bed.

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MightyOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Wed Jul 05, 2017 1:49 am

*sigh*

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nat
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby nat » Wed Jul 05, 2017 4:38 pm

MightyOne wrote:*sigh*

EURUSDM30.png


how are you deciding where to put those yellow lines?

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MightyOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby MightyOne » Wed Jul 05, 2017 6:38 pm

nat wrote:
MightyOne wrote:*sigh*

EURUSDM30.png


how are you deciding where to put those yellow lines?


I use what I call my 'average experience' :lol:

I learn little things here and there and then try to apply it.

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MightyOne
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Just an updated chart.

Postby MightyOne » Thu Jul 06, 2017 3:01 am

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