2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Mon Oct 26, 2009 1:57 pm

pp2 wrote:
TheRumpledOne wrote:Image

QUIT THINKING!

QUIT ANALYZING!

FOLLOW THE RAT REVERSAL TRADING RULES "AS IS"

OR

GO TO YALE... LOL!

THIS IS SO SIMPLE...

However, if you can NOT see it, then DO NOT TRADE IT!


I'm not Yale material, believe me.

Can I ask are you talking about previous day daily low or the day low of the day?

The rules for this trading is simple, no prob, no need to be a yale or any other student to take these 20 pips from the bottom trades.

But how about the tro2009 rat plot scalps please TRO, you're a scalper I think, so can you give some pointers? How/what/when/where can we take trades so that we can have a more win than loss ratio, I can't just take every single trade when a line appears ehh? :roll:


Are you sure you are NOT YALE MATERIAL?

Let's check...

Read the following and tell me if I wrote the word PREVIOUS

1) price within 20 pips of the 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.

"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."

POINTERS?

QUIT THINKING...

QUIT ANALYZING...

EXECUTE THE RAT REVERSAL "AS IS"

OR

ENROLL IN YALE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Mon Oct 26, 2009 2:11 pm

Image

Here is a perfect example of why the RAT beats the Yale students...

The Yale students would ANYALYZE and conclude, "PRICE IS TOO HIGH TO ENTER".

The RAT would simply execute a RAT REVERSAL at 1.6365 and take the cheese.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby snscott » Mon Oct 26, 2009 2:23 pm

TheRumpledOne wrote:The RAT would simply execute a RAT REVERSAL at 1.6365 and take the cheese.


That needs to be qualified further with: Only a GREEN RAT would go for the reversal (because it is a green one).

While the system is (painfully) simple, I think it is difficult for most people to accept that they need to limit themselves to ONE type of Rat and only trade in that direction.

In this case, you see the setup for a GREEN scalp, but if you strictly adhere to the rules, and have already declared yourself to be a "true RED blooded rat", you have to just bite your lip (and maybe taste some of that red rat blood :-) ) and watch those pips slip away.

The emotions-driven temptation is to take the setup signal no matter which direction it is pointing rather than remaining loyal to your chosen Rat Race.

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Postby snscott » Mon Oct 26, 2009 2:31 pm

TheRumpledOne wrote:QUIT THINKING!

QUIT ANALYZING!


RAT TRADING 101: Rule number 0

RAT = "Remove All Thought"?

:P

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TheRumpledOne
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Postby TheRumpledOne » Mon Oct 26, 2009 2:56 pm

snscott wrote:
TheRumpledOne wrote:The RAT would simply execute a RAT REVERSAL at 1.6365 and take the cheese.


That needs to be qualified further with: Only a GREEN RAT would go for the reversal (because it is a green one).

While the system is (painfully) simple, I think it is difficult for most people to accept that they need to limit themselves to ONE type of Rat and only trade in that direction.

In this case, you see the setup for a GREEN scalp, but if you strictly adhere to the rules, and have already declared yourself to be a "true RED blooded rat", you have to just bite your lip (and maybe taste some of that red rat blood :-) ) and watch those pips slip away.

The emotions-driven temptation is to take the setup signal no matter which direction it is pointing rather than remaining loyal to your chosen Rat Race.


"While the system is (painfully) simple, I think it is difficult for most people to accept that they need to limit themselves to ONE type of Rat and only trade in that direction."

Those who can are RATS.

Those who can't are YALE MATERIAL.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby skajake » Mon Oct 26, 2009 3:19 pm

Random outcome of a not-so randomly placed short order

Image

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TheRumpledOne
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Postby TheRumpledOne » Mon Oct 26, 2009 3:48 pm

Image

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



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Postby ifxm8 » Mon Oct 26, 2009 4:12 pm

Both color rats would have found the cheese this morning. Check out the GBP daily chart

As it goes... KISS

Keep
It
Simple
Silly or Stupid

:smt075


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TheRumpledOne
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Postby TheRumpledOne » Mon Oct 26, 2009 4:29 pm

Image

Your chart is not labeled properly.

Green rats would have entered within 20 pips of the low.

Red rats would have entered within 20 pips of the high.

Image

The H1 may make it easier to SEE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby MightyOne » Mon Oct 26, 2009 4:48 pm

TheRumpledOne wrote:Image

RED RAT


Amidst confusion there is a simple answer made complex by the minds inability to accept it.

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