2009.09.10 DRAIN THE BANKS - LIKE A RAT

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JESGPY
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Postby JESGPY » Thu Oct 29, 2009 2:06 pm

Fed my rat with some cheese tody again.. only 10 pips. not 40 like yesturday.
But i am making it profitable for a few days now.

JUAN

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zulemara
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Postby zulemara » Thu Oct 29, 2009 2:53 pm

TheRumpledOne wrote:
zulemara wrote:I can post charts but they really aren't necessary. At 7pm EST a new daily bar is started. So you look at the previous 2 days and follow the reversal rules.

green red sell at low, red green buy at high. 50 pip TP 100 pip SL. I've been working on finding a way to maximize profits a little more, but have done just fine with the 50 pips. I'm just leaving a lot on the table, so I'm trying to tweak things and get a little more when the market is willing to give.


STOP LOSS = 10 PIPS.

RATS get off ASAP. Yale students take a little longer...LOL!!


10 pips on the daily chart is nothing. You'd get stopped out every trade. The whole idea is that I don't have time to babysit trades. 100 pips is rather large, but as you can see in my stats, it is rarely hit. I've had much much more success and a much higher win rate with daily than I did on any other time frame.

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Braathen
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Postby Braathen » Thu Oct 29, 2009 3:19 pm

Hi tro and everyone else in here :) this is my first post in this thread and ofc my first tro rat trade... so i read the thread and came up with this... since i dont have the indicators :( :( i had to eyeball it.. dunno if this was valid.. comments pls

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"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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MightyOne
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Postby MightyOne » Thu Oct 29, 2009 6:37 pm

zulemara wrote:
...10 pips on the daily chart is nothing. You'd get stopped out every trade....


When a daily candle opens it is first a 1 minute candle then a several minute candle, hour candle, several hour candle, and finally a daily candle on the open of the next bar.

In the beginning it has the momentum of youth and in the end it has the wisdom of age or trend.

Now think about long term chart opens for a second...

If a weekly bar is not a weekly bar until it closes then what does the rest of the weekly chart mean?

All that you are really left with is a journey from life to death and stories of the days of old to help define your purpose in life; it all starts with an open.

One of these days you may find that the markets are more random than you would like to believe.

That support and resistance offer comfort where there is no real comfort to be had.

The only thing that is real is the moment your are living in today.

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TheRumpledOne
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Postby TheRumpledOne » Thu Oct 29, 2009 6:39 pm

JESGPY wrote:Fed my rat with some cheese tody again.. only 10 pips. not 40 like yesturday.
But i am making it profitable for a few days now.

JUAN


10 pips could be a 2% gain with proper position size.

That's all you need.

DRAIN THE BANKS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Thu Oct 29, 2009 6:42 pm

REMEMBER - PRICE IS THE SAME ON ALL CHART PERIODS.

DO NOT BE FOOLED!
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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JESGPY
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Postby JESGPY » Thu Oct 29, 2009 7:11 pm

TheRumpledOne wrote:
JESGPY wrote:Fed my rat with some cheese tody again.. only 10 pips. not 40 like yesturday.
But i am making it profitable for a few days now.

JUAN


10 pips could be a 2% gain with proper position size.

That's all you need.

DRAIN THE BANKS!!


I know TRO. But I am still focused on making pips. When I make them daily ill trade a position size that fits my risk tolerance, will allow me to meet my daily goal,a nd will allow me to take a few loses also.

JUAN

athan00
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Postby athan00 » Thu Oct 29, 2009 10:58 pm

how do i get this indicator?

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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 30, 2009 12:18 am

Not sure what indicator you are asking about.

I posted indicators and templates about 5 or so pages ago.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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ifxm8
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Postby ifxm8 » Fri Oct 30, 2009 12:24 am

zulemara wrote:wow this thread exploded! I just wanted to post my results:

I have been trading DTB RAT reverse on daily chart for 2 weeks. On a 10k demo account using 1.0 lots, I have made 8.5k and had very few losses. I left a LOT of profit on the table in favor of consistent profitability.

http://zulemaratro.mt4stats.com is my stats page for all who are curious


:-k Hmm... If we take your MM strategy and apply it to your stats you only made a little over 4K with 77% wins. Still not bad for two weeks but watch the draw down. Hate to see Mr. MarginCall :smt029 come visit you. :smt022

[glow=red]*V*[/glow]

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