2012.06.27 DAILY RAT REPORT

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TheRumpledOne
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2012.06.27 DAILY RAT REPORT

Postby TheRumpledOne » Wed Jun 27, 2012 2:54 pm

2012.06.27 DAILY RAT REPORT

Image

AUDUSD showed a GREEN RAT REVERSAL at/near the weekly open.

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.



DRAIN THE BANKS - LIKE A RAT

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.


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

Let's clear things up:

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!!
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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Postby newscalper » Fri Jun 29, 2012 11:07 am

TRO that doesn't clear thing up for me? How does the daily rat rules correlate to the standard rat rules then stated below?

You're saying enter if price hits yesterday's high (breakout) and enter with a stop of 10?? pips. Then in the next rules you are saying enter within 20 pips of the daily low (retracement)? The simple pending order on breakout of yesterdays high with a 10 pip stop was stopped out within 3 hours. Did you then re-enter, which again stopped out for -10? Third entry you could have netted a few pips, or got stopped out at break even if you're trailing? Then daily bars printed green, red so no entry for the large upward bar which then ensued.

You're not sat there watching the charts so what's your criteria for exit?

Bit confused by this atm.

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Postby TheRumpledOne » Fri Jun 29, 2012 10:46 pm

NO... The Daily Rat uses the RAT REVERSAL SETUP but looks to enter at/near the weekly open which is a BUY ZONE ENTRY. The entry is NOT at the previous day's high. It would be a buy zone entry using the weekly open or the daily open. You can pick either one or both (if you want to scale in).

The exit is just a R:R exit of 1, 2, 3 or more.

If you want a risk/reward of 1:1 then you set TP the same distance as your stop.
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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Postby newscalper » Sun Jul 01, 2012 11:28 pm

OK. Thanks. So you're not looking at catching the daily range, just 20 -30 pips off of the open. What made it confusing was the old rat rules then stated below.

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Postby FOREXINN » Thu Jan 10, 2013 5:02 pm

Hello
I am looking for the RAT BUYZONE INDICATOR !!! Can anyone direct me please as to where to find this or acquire it? Thank you.

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