2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 20, 2009 1:15 am

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

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prochargedmopar
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Postby prochargedmopar » Tue Oct 20, 2009 1:33 am

Always turn left,
Well,
Except when at one of the two road courses on the circuit.

Always a damn exception......................LOL
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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PTG
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Postby PTG » Tue Oct 20, 2009 9:21 am

TheRumpledOne wrote:QUESTION:

WHY DOES THE RAT LIKE NASCAR?


Because it's a rATneck ?? :wink: :lol:
This is my new signature: "new signature".

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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 20, 2009 12:26 pm

Figures ProCharged gets THIS correct...LOL!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 20, 2009 11:58 pm

Image

SOMETIMES THE ACTION IS FAST!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby pip9999 » Wed Oct 21, 2009 12:52 am

Hi Tro.

Thanks for wonderful Rat Method, but please verify my confusion regarding Rat Trainning Wheel :

Your examples was :

- GU D1_HiCl=3, by Tro rules should be seeking Red Rat Reverse trading only on lower TF=M5 (reversal from Daily High=3). (The best signal will be if Semafor 3 appear on H1 Candle)

- Look at HI rat reverse signal : Green-Green

- in my undestanding : NO TRADE for Red Rad Reverse,(IF H1 Rat reverse signal was Red-Red, waiting for Red entry on M5---valid Red Rat rules ?)

--------------------------------------------

- If we follow rat Training Wheels signal which is LONG Trade only, that will be violenced Red rat Reverse rules, since Price action is not within 20pips from Daily Low.

Thank you for your Patience by helping us using Rat reverse method

Regards,





TheRumpledOne wrote:Image

"TRAINING WHEELS" can help you...

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Re: No one wins every trade

Postby noone22 » Wed Oct 21, 2009 5:25 am

oldmangeezer wrote:No one wins every trade. No one.


Maybe "No one" wins. But not noone22.

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 21, 2009 5:28 am

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.

HOPE THAT HELPS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby forrestang » Wed Oct 21, 2009 5:37 am

Yet another question on the 'Take what you can" part?

TheRumpledOne wrote:I know the feeling.

What I do is protect ME from ME.

AT +5 pips, I will be ready to bail at +3 if price pulls back.

At +10 pips, I will enter a trailing stop of 4 or 5 pips.

At +15, I will cancel the trailing stop and enter a hard stop at +10.

Then I will move the hard stop up if price moves up.

At +25, I may move the hard stop up to +25 or to a price ending in 0 or 9.

Sometimes, I may exit 1/2 of my position at +20 to lock in a 1% gain.
The idea is to be CONSISTENT. You'll miss out sometimes, but you only need ONE big run and you are done for the day.
Remember, the daily goal is 2% or more and DO NOT OVER TRADE.

How often do you catch a trade that you can stay in for a good clip? Are most of your trades typically end in 3-5 pips?

Is it fair to say that you just a trailing each move by 5 pips and locking in profit that way?

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Postby Brookmyre » Wed Oct 21, 2009 5:48 am

forrestang wrote:Yet another question on the 'Take what you can" part?

TheRumpledOne wrote:I know the feeling.

What I do is protect ME from ME.

AT +5 pips, I will be ready to bail at +3 if price pulls back.

At +10 pips, I will enter a trailing stop of 4 or 5 pips.

At +15, I will cancel the trailing stop and enter a hard stop at +10.

Then I will move the hard stop up if price moves up.

At +25, I may move the hard stop up to +25 or to a price ending in 0 or 9.

Sometimes, I may exit 1/2 of my position at +20 to lock in a 1% gain.
The idea is to be CONSISTENT. You'll miss out sometimes, but you only need ONE big run and you are done for the day.
Remember, the daily goal is 2% or more and DO NOT OVER TRADE.

How often do you catch a trade that you can stay in for a good clip? Are most of your trades typically end in 3-5 pips?

Is it fair to say that you just a trailing each move by 5 pips and locking in profit that way?




Hey Forrestang...this is from a post that TRO posted earlier on this


"What I do is protect ME from ME.

AT +5 pips, I will be ready to bail at +3 if price pulls back.

At +10 pips, I will enter a trailing stop of 4 or 5 pips.

At +15, I will cancel the trailing stop and enter a hard stop at +10.

Then I will move the hard stop up if price moves up.

At +25, I may move the hard stop up to +25 or to a price ending in 0 or 9.

Sometimes, I may exit 1/2 of my position at +20 to lock in a 1% gain.

The idea is to be CONSISTENT. You'll miss out sometimes, but you only need ONE big run and you are done for the day.

Remember, the daily goal is 2% or more and DO NOT OVER TRADE. "


Hope that helps



Edit: Sorry dude, I missed the quote in your post :oops:

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