2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 15, 2010 2:33 pm

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RESULT
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 15, 2010 2:48 pm

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RESULT
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 » Fri Jan 15, 2010 3:15 pm

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



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jaysen
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Rat Reversal Trade

Postby jaysen » Thu Jan 21, 2010 12:48 pm



Here's my rat reversal trade attempt.


Here's what i have to look out:

Range of entire day so far = 108 (D1 Range Gauge <Range>)
Low of day so far = 1.4028 (D1 Range Gauge <Low>)
Current price action = Within 20 pips of low range
Range of past 24 days = 133.55 (D1 Range Gauge Avg(24))

Rationale for entry :
1. Daily Range is nearing Avg(24) - Possible setup for reversal or it could still trend lower
2. Based on TRO's statistics, price have a certain probability of re-bouncing from the daily low/high

Trade Entry :
Entry at 1.40428 - Potential profit at first high (first circle)
Price moved downwards and tried to retest low
Didn't make a new low
Price moved up
Entry at 1.40469
Price was slow and ranged for the new few candles
Exited at 1.40461 and 1.40476 for a little profit
Price exploded thereafter

Need to work on my profit taking strategy and psychology. Any tips anyone?

Thanks to TRO for coming up with this system!

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MightyOne
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Re: Rat Reversal Trade

Postby MightyOne » Thu Jan 21, 2010 3:26 pm

jaysen wrote:
Here's my rat reversal trade attempt.


Here's what i have to look out:

Range of entire day so far = 108 (D1 Range Gauge <Range>)
Low of day so far = 1.4028 (D1 Range Gauge <Low>)
Current price action = Within 20 pips of low range
Range of past 24 days = 133.55 (D1 Range Gauge Avg(24))

Rationale for entry :
1. Daily Range is nearing Avg(24) - Possible setup for reversal or it could still trend lower
2. Based on TRO's statistics, price have a certain probability of re-bouncing from the daily low/high

Trade Entry :
Entry at 1.40428 - Potential profit at first high (first circle)
Price moved downwards and tried to retest low
Didn't make a new low
Price moved up
Entry at 1.40469
Price was slow and ranged for the new few candles
Exited at 1.40461 and 1.40476 for a little profit
Price exploded thereafter

Need to work on my profit taking strategy and psychology. Any tips anyone?

Thanks to TRO for coming up with this system!


This is how I currently look at the Rat Trade:

Image

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MightyOne
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Postby MightyOne » Thu Jan 21, 2010 4:56 pm

See what i mean:

Image

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TheRumpledOne
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Postby TheRumpledOne » Thu Jan 21, 2010 5:37 pm

What does BB mean on your chart, MightOne?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Postby MightyOne » Thu Jan 21, 2010 5:39 pm

TheRumpledOne wrote:What does BB mean on your chart, MightOne?


Bullish/Bearish

or

Bearish/Bullish

aka

Rat Trade Setup

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IN-XS
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Postby IN-XS » Thu Jan 21, 2010 5:44 pm

Loving those pics MightyOne! Thanks for the help with all these explanations. And I wanna say a big thank you to you too Tro.

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Postby adaseb » Thu Jan 21, 2010 6:34 pm

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