2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Wed Sep 16, 2009 12:01 am

cr0cop wrote:TRO, you are mentioning the new daily low etc.....but i thought we were only going to focus on 2 pairs with a +5 pip entry and a -10 pip stop....are you changing this strategy or is it still the same?


Each trader must find their own way.

I am not sure what you are "stuck" on.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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jz166
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Postby jz166 » Wed Sep 16, 2009 12:17 am

COOL, I cannot wait to be a rat. :D

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TheRumpledOne
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Postby TheRumpledOne » Wed Sep 16, 2009 1:30 am

Image

If PRICE makes a new DAILY LOW:

I know from statistics that if I go long within 20 pips of the low, that there's another 20+ pips profit.

I know from statistics, that if the previous candle is green and I go long at the previous candle's high, then I should win 2 out of 3 times.

Yes, you can use DRAIN THE BANKS - RAT TRADER on different chart periods and pairs.

You do NOT need the indicators. I use them to track multiple pairs.
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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bredin
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Postby bredin » Wed Sep 16, 2009 2:15 am

prochargedmopar wrote:sniff, sniff,

Me too.

I like this.

Be cool when you get it finished.

Pirates and Rats and ...... oh my!!


Should we be PiRats now?

G.

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cr0cop
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Postby cr0cop » Wed Sep 16, 2009 6:42 am

TheRumpledOne wrote:
cr0cop wrote:TRO, you are mentioning the new daily low etc.....but i thought we were only going to focus on 2 pairs with a +5 pip entry and a -10 pip stop....are you changing this strategy or is it still the same?


Each trader must find their own way.

I am not sure what you are "stuck" on.


thanks for answering TRO, the thing is that i am now confused.... these are the rules that i had for the rat system:
1. trade only two pairs EJ/ GU
2. entry 5+ pips 3. stop -10 pips
3. pick only short or long
4. re set entry points according to the opening price of each hour
5. trade only london or ny open

6. take as much as you can and look for the blackswam to work on your favor

from listening to you i thought we weren't supposed to add anything more than that, please let me know where i am wrong or what it is that i understood wrong

thank you TRO

PS if we are playing two pairs for this method and lets say we only go short, would it be good if we played pairs that do the oposite of each other? that way when one of the pairs goes bullish the other goes bearish and we have an entry via versa.....that way we wont have both go bullish if we are playing only bearish and have to wait for another play
Last edited by cr0cop on Wed Sep 16, 2009 7:26 am, edited 1 time in total.

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cr0cop
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Postby cr0cop » Wed Sep 16, 2009 7:23 am

Quick question TRO, is this what determines our exit? the gas level?




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lukx
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Postby lukx » Wed Sep 16, 2009 8:42 am

TheRumpledOne wrote:Image

If PRICE makes a new DAILY LOW:

I know from statistics that if I go long within 20 pips of the low, that there's another 20+ pips profit.

I know from statistics, that if the previous candle is green and I go long at the previous candle's high, then I should win 2 out of 3 times.

Yes, you can use DRAIN THE BANKS - RAT TRADER on different chart periods and pairs.

You do NOT need the indicators. I use them to track multiple pairs.


is it also for Daily High?
When pric emakes new DIALY HIGH you go short 20 pips from high etc?

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TheRumpledOne
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Postby TheRumpledOne » Wed Sep 16, 2009 3:50 pm

cr0cop wrote:Quick question TRO, is this what determines our exit? the gas level?





It give you an idea of when to start taking profit.
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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flinux
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Postby flinux » Wed Sep 16, 2009 5:50 pm

Image

GREEN RAT

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forexbob
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Postby forexbob » Wed Sep 16, 2009 7:22 pm

flinux wrote:Image

GREEN RAT



ciao flinux,

seems the green rat is doing OK, just some 'stupid' questions
can you explain the numbers ?
what are you using? ea indo own programming ??
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