2009.09.10 DRAIN THE BANKS - LIKE A RAT

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ifxm8
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Postby ifxm8 » Tue Oct 27, 2009 5:12 am

TheRumpledOne wrote: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.


Picky, picky, picky. OK I see. Sorry! So I guess there's a chance for a new strategy right from the daily candle close? :-k Hmm...

Trade to trade well.
*V*

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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 27, 2009 5:20 am

Image

Do you see any GREEN RAT ENTRIES?

Do you see any RED RAT ENTRIES?
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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Postby TheRumpledOne » Tue Oct 27, 2009 5:22 am

Image

What about on M5...

Do you see any GREEN RAT ENTRIES?

Do you see any RED RAT ENTRIES?
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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snscott
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Postby snscott » Tue Oct 27, 2009 5:53 am

Sometimes, you get the cheese, sometimes you get the trap. Cry_Smile

That's how I felt Monday as a noob Green Rat sticking with EURUSD.

Image

Oh well, it's only money. :smt022

But I have not yet begun to fight.

I WILL get this right. ](*,)

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pablo101
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Postby pablo101 » Tue Oct 27, 2009 6:31 am

snscott wrote:Sometimes, you get the cheese, sometimes you get the trap. Cry_Smile

That's how I felt Monday as a noob Green Rat sticking with EURUSD.

Image

Oh well, it's only money. :smt022

But I have not yet begun to fight.

I WILL get this right. ](*,)


LOL!!!!
What line? The line that tells you which way you are trading! - MO

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pip9999
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thanks you Sncott

Postby pip9999 » Tue Oct 27, 2009 8:15 am

snscott wrote:
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.

Reply :
+++Bingo, thanks you for clarification.

What do you undestand under Rat signal ?

Daily High/Low Breakout Rules ?:
---Tro2009_Plot signal + Tro Rat Trainning Wheel signal.

Daily High/Low Reverse Rules ?:
---Tro2009_Plot signal + 1 H Reversal signal (GO). (normally I just check higher TF than 5M Chart on Tro2009_MM_RatReverse to see what direction the Rat might go in 15 - 30 minute.

Please correct me if I am wrong.Thank you

Cheers.


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

pip9999
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Postby pip9999 » Tue Oct 27, 2009 8:24 am

Hi Snscott

How many Winning trade we can expect from Get Cheese Method ?

I am trying to get Red RAT Performance at lease 6 winning trade out of 10 Trade on Demo, beforego Live trading.

Thank you

==================================



snscott wrote:Sometimes, you get the cheese, sometimes you get the trap. Cry_Smile

That's how I felt Monday as a noob Green Rat sticking with EURUSD.

Image

Oh well, it's only money. :smt022

But I have not yet begun to fight.

I WILL get this right. ](*,)

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MightyOne
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Postby MightyOne » Tue Oct 27, 2009 10:57 am

snscott wrote:Sometimes, you get the cheese, sometimes you get the trap. Cry_Smile

That's how I felt Monday as a noob Green Rat sticking with EURUSD.

Image

Oh well, it's only money. :smt022

But I have not yet begun to fight.

I WILL get this right. ](*,)


I find that placing a stop below the extreme leads to more favorable results than a static SL.

If the risk is too great then just shave a few lots off of your entry.

Just my opinion...

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JESGPY
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Postby JESGPY » Tue Oct 27, 2009 11:43 am

Which extreme MO.

The previous candle extreme? (if we are long the previous candles LOW, if we are short the previous candles HIGH?) or,

The entreme of that 20 pip range were we look for the oportunities to take the rats?

THANKS

JUAN

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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 27, 2009 12:52 pm

Six out of 10? You shouldn't need 6 trades a day. Look at a M5 chart and start counting from the daily low. How many green rat reversals do you need to make 10 pips? 20 pips?

I believe MO is talking about the daily high/low.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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