2009.09.10 DRAIN THE BANKS - LIKE A RAT

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JESGPY
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Postby JESGPY » Mon Oct 26, 2009 7:25 pm

Maybe this is a dumb question .But the green rat can go long when we are with the daily HIGH? Not only when we are within the daily LOW.

Thanks

JUAN

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Postby snscott » Mon Oct 26, 2009 7:42 pm

Whenever you are approaching a daily extreme, high or low, it is time to pay attention to what the price does when it actually reaches the extreme (or not, as the case may be). Once near an extreme, the price is either going to break through that extreme (and in doing so, create a new daily high or low), or it is going to retreat away from that extreme.

This area is what TRO refers to as "OPPORTUNITY" - which means watch for the opportunity to take advantage of the REVERSAL away from the extreme. But there is no guarantee that it will reverse, obviously.

In terms of whether a Green Rat can trade when the price is at or near the daily high - I would say yes, you just follow the RAT SIGNALS. Even if you are at the daily high, if you get a red candle followed by a green candle, then on the NEXT candle, if price exceeds the high of that previous green candle - you have a valid Green Rat Signal to go long.


As always, someone correct me if I am wrong in my understanding here.

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foreman01
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Postby foreman01 » Mon Oct 26, 2009 7:57 pm

..........
Last edited by foreman01 on Mon Dec 14, 2009 9:15 pm, edited 1 time in total.

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Postby Bushfella » Mon Oct 26, 2009 8:21 pm

JESGPY wrote:Maybe this is a dumb question .But the green rat can go long when we are with the daily HIGH? Not only when we are within the daily LOW.

Thanks

JUAN


Ok, here's my pennethworth but I'm willing to be corrected;

If you're just playing rat reversal you can trade the reversal away from high or low but only when it is within the 20pip range (so any direction).

If you are playing red rat/green rat you trade in your chosen direction only but any reversal regardless of if it is at the daily high or out of the 20 pip range. Hope this makes sense but expecting a barrage of contradicting replies
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jackm1
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Get with the program

Postby jackm1 » Tue Oct 27, 2009 1:15 am

Guys,

If you all have the latest RAT indi, it clearly shows you " the line " and tell you to go long or short.

How much clarification you all need. Just follow the line's instruction, it even pops up an alert telling you " Bearish reversal or Bullish reversal ".

Oh well. I lost my a** off today on 5 min chart. Came back after an hour or two and took only 1H signals and got all of money back and then some.

I think I will stay with 1H or higher. Signals are solid. What you all say......about the TF. :shock:
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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 27, 2009 1:37 am

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 27, 2009 1:39 am

JESGPY wrote:Maybe this is a dumb question .But the green rat can go long when we are with the daily HIGH? Not only when we are within the daily LOW.

Thanks

JUAN


That depends... did you start trading when the price was near the low?
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 27, 2009 2:02 am

foreman01 wrote:
snscott wrote: . . .

In terms of whether a Green Rat can trade when the price is at or near the daily high - I would say yes, you just follow the RAT SIGNALS. Even if you are at the daily high, if you get a red candle followed by a green candle, then on the NEXT candle, if price exceeds the high of that previous green candle - you have a valid Green Rat Signal to go long.


As always, someone correct me if I am wrong in my understanding here.

I'm pretty sure you are incorrect. The rat signal has to be opposite from the daily extreme.

Thus Green rat plays from the daily low, and red rat plays from the daily high.


No, You are the one who is incorrect.

The Green Rat starts out near the daily low and the Red Rat starts out near the daily high. Trade Rat Reversals until your daily goal is met and then QUIT.

If price does an average move from low to high and you haven't met your daily goal, then you better recheck your position and daily goal sizes.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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foreman01
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Postby foreman01 » Tue Oct 27, 2009 2:25 am

.........
Last edited by foreman01 on Mon Dec 14, 2009 9:15 pm, edited 1 time in total.

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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 27, 2009 5:07 am

No. You said snscott was incorrect.

snscott was correct.

You are incorrect.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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