2009.11.05 DRAIN THE BANKS - REV 9

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gangsta1
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Postby gangsta1 » Sat Feb 06, 2010 10:42 am

What timeframe is everyone using for the rat reversals? I get alot of stop outs on the m5 so was thinking to move up to the m15/h1. TRO would you say there are less false signals on the higher timeframes?

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TheRumpledOne
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Postby TheRumpledOne » Sat Feb 06, 2010 6:40 pm

There is no such thing as a false signal.

Remember the "rule of thumb" - DO NOT TRADE AGAINST THE H1 CANDLE COLOR?

If price is going down and puts in a new low, chances are the H1 is red. You can wait for H1 to close. Sometimes, price may have retraced 20 or more pips and sometimes not.

Waiting for H1 to close, allows you to watch the price action. Many times, the new H1 candle will test the low, fail to make a new low and reverse to become a green H1 candle.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Wed Feb 24, 2010 8:57 pm

REV9 is not meant to be used on M5.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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The_Pin
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Postby The_Pin » Wed Feb 24, 2010 10:55 pm

TheRumpledOne wrote:REV9 is not meant to be used on M5.

Most charts I see here is m5. It`s a bit confusing.
20pips and BO, 20pips and BO, 20pips and BO. Can I fit H1 chart in it. No I can`t, the average is more than 20pips (eg GPB/USD). So maybe m30 chart? Can do. What about less than m30? Can do. Does it matter or what matters? PROFIT MATTERS.
Try m1 chart. You have profit. Good, continue. No? Leave it.
Try m5 chart. You have profit. Good, continue. No? Leave it.
Try m15 chart. You have profit. Good, continue. No? Leave it.
Try m30 chart. You have profit. Good, continue. No? Leave it.

TheRumpledOne wrote:Any reason to enter when price is in the 20 pip zone is all you need. The trigger itself does not matter. It is a matter of LOCATION.


What`s Your Opinion?

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trueblueTEX
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Re: Readin Threads

Postby trueblueTEX » Fri Apr 16, 2010 3:59 pm

TheRumpledOne wrote:No, they don't.


I am!!! :lol:

Been reading TONS of stuff by and about TRO on several threads (including the archived BabyPips thread -- though only on page 8 or 9 of that one).

This is my first post.

There will be more :D

What time do you and/or others meet on PalTalk??

Ciao for now
Tex

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trueblueTEX
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Postby trueblueTEX » Sun Apr 18, 2010 3:55 pm

Howdy, again , folks!!

I downloaded PalTalk (got a nice virus for my troubles :-) ) and I've created my PalTalk account ("trueblueTEX", just like in here -- that's my handle in lots of places including Skype and FF) ....

BUT,

I can't find "two percent club".

Does it only "appear" when y'all are online?

Or do I need to be specifically invited?

Thanks
TEX

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trueblueTEX
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Postby trueblueTEX » Sun Apr 18, 2010 10:29 pm

Found it!

tfg
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Postby tfg » Fri May 14, 2010 7:51 am

TRO,

What timeframe is RAT reversal trade for? 5m or 15m?

I read earlier in the thread you mentioned that this is not for 5m but all your illustrative examples are off 5m charts?

Thanks. Tfg

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Postby TheRumpledOne » Fri May 14, 2010 2:04 pm

The RAT REVERSAL TRIGGER works on any time frame.


GREEN RAT REVERSAL - LONG ENTRY CRITERIA:
1) RED CANDLE CLOSES
2) GREEN CANDLE CLOSES
3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG.
STOP LOSS IS ALWAYS 10 PIPS.

I like to use M5 when price is within 20 pips of the daily low.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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tfg
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Postby tfg » Fri May 14, 2010 2:14 pm

TRO, thanks.

What are the benefits, in your understanding, of 5m chart over, say 15m, within 20 pips of the daily low?

Tfg

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