2011.01.04 THE RAT ADAPTS

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TheRumpledOne
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Postby TheRumpledOne » Thu Aug 11, 2011 12:36 am

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GREEN RATS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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MightyOne
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Postby MightyOne » Thu Aug 18, 2011 5:17 am

I have an idea for a chart inspired by On Balance Volume.

If price closes higher in three then draw the body from the open to the highest price
of the three where the open = the prev. highest/lowest price.

Doing this creates a chart w/ some pretty nice Rat signals as well as S&D.

http://tinypic.com/view.php?pic=ehap3k&s=7

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Postby PebbleTrader » Thu Aug 18, 2011 8:49 am

Hmm,

Interesting idea MO.

It's like a smart custom candle.

:)
Life is just a journey

aussiefx
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Postby aussiefx » Tue Nov 15, 2011 4:25 am

Ok, I'm going to ask a really dumb question as I can't seem to find a straight answer among all the talk of multi-colored rats, cheese, smart money etc etc. Lots of hints but I'm a black and white, yes or no kind of person. Are the rules for the "daily" buy zone the same as the normal buy zone i.e. same number of pips above or below open for daily as 5 min chart and same stop?

A single page / post (without a million posts after it) with the basic rules and indicators used in the Rat / Buyzone strategy would be greatly appreciated for dumb asses like myself.

Yours in confusion ](*,)

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Postby Belkin » Tue Nov 15, 2011 11:44 am

MightyOne wrote:I have an idea for a chart inspired by On Balance Volume.

If price closes higher in three then draw the body from the open to the highest price
of the three where the open = the prev. highest/lowest price.

Doing this creates a chart w/ some pretty nice Rat signals as well as S&D.

http://tinypic.com/view.php?pic=ehap3k&s=7



Hey Mo. can we continue talking about this on balance volume CC.

Also is this well drawn acording to your directions?

Image

Belkin

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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 17, 2011 1:06 pm

"Are the rules for the "daily" buy zone the same as the normal buy zone i.e. same number of pips above or below open for daily as 5 min chart and same stop?"

Yes, with the exception you only trade in one direction.
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.

aussiefx
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Postby aussiefx » Tue Nov 22, 2011 3:18 am

Avery, thanks for that answer. Prompt as always. Now I'm going to ask a bunch more potentially dumb questions as quite frankly, the more I read in these forums re Rat, Rat Buy zone, Daily Buy zone etc, the more confused I seem to get and talking to my fellow "TRO followers" I chat with it seems I'm not alone. I receive the "donational" indicators and have read the associated PDF. It does a great job explaining the various indicator settings but leaves many questions. I've been reading through the many posts and have been making notes in an effort to put together a concise set of "rules" to trade by (not money management as I have that sorted, thankfully) but it's hard to tell what applies to what here. So, having said that, I apologise in advance for the length of this post but here we go...

Rat Buy Zone
(I'm using the template Tro2011_rat_plot_bz which has the indicator of the same name)
1) Is this traded / tradeable on the 1H timeframe or is it best to stick to 1D?
2) If traded on 1H is the "rule" only trade in the direction of the 1D, and if so the 1D candle for the day you're actually trading (not the previous day's candle). i.e. only trade long if above 1D open, only trade short if below 1D open?
3) If traded on 1D is the "rule" only trade in the direction of the 1W, and if so the 1W candle for the week you're actually trading (not the previous day's candle). i.e. only trade long if above 1W open, only trade short if below 1W open?
4) In relation to points 2 & 3, if trading the Rat Buy Zone, do you still pick a "team" and only trade that direction and then only if it meets the relevant criteria in points 2 & 3 or is the "team" dictated by the higher time frame direction?

Rat Reversal
(referring to indicator TRO_RAT_ZONE)
I understand the basic principal of the Rat Reversal - pick a direction, when price is within 20 pips of hi / low wait for said candle sequence in appropriate direction and enter. My questions are:
1) Is / should / could this be used with Rat Buy Zone? If so, how?
2) In many posts you mention that the Rat Reversal is "only one entry method". What is / are the others? Rat Buy Zone?

Thanks for all your help yet again :)

aussiefx
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Postby aussiefx » Fri Jan 13, 2012 2:34 am

Ok, ignore my previous post - seems everyone already has any way...LOL

I've got a new question that all it needs is a very simple answer.

For a daily candle (D1), what time would you use for the candle open? 0:00 GMT or 4:00 GMT, or something completely different?

Reason I ask is that different providers consider different times as the "open" and yes, although price is price, if you draw a line in a different place in the sand then your results will be different.

Thanks again :)

aussiefx
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Postby aussiefx » Wed Jan 18, 2012 4:55 am

Helloooooooo...

Is there anybody out there :)

Just wondering if anyone else is trading this method?

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Postby Relativity » Wed Jan 18, 2012 10:48 am

aussiefx wrote:Ok, ignore my previous post - seems everyone already has any way...LOL

I've got a new question that all it needs is a very simple answer.

For a daily candle (D1), what time would you use for the candle open? 0:00 GMT or 4:00 GMT, or something completely different?

Reason I ask is that different providers consider different times as the "open" and yes, although price is price, if you draw a line in a different place in the sand then your results will be different.

Thanks again :)


It doesn't really matter. Really. Eventually you have to decide for yourself, since it still about trading extremes. Daily candles give 'enough meat' to trade off retracements.

If you are paranoid about timezones (like me), then use H5 Barro Swings and trade its extremes. Those swings capture PA of D1 chart pretty well.

So the same old story of daily extremes again.

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