2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED
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- TheRumpledOne
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The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.
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I do not understand
MightyOne wrote:
One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%).
You still have a 10 pip stop but you had 15 pips of room while you were wiggling your way into a trade.
Hi All
Can somebody please explain me that strategy?
I do not quite get the point here.
Coobin
Re: I do not understand
coobin wrote:MightyOne wrote:
One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%).
You still have a 10 pip stop but you had 15 pips of room while you were wiggling your way into a trade.
Hi All
Can somebody please explain me that strategy?
I do not quite get the point here.
Coobin
I drew a chart to help you visualize it, hope it helps.
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For me trading is fun, by extension the forums are fun as they occasionally offer a strategy that is ludicrous. So, my chart was in the same spirit as the ridiculous strategy.
Now, I am definately not a person to discourage you from employing this method. Here it is in it's original form, use it verbatim and then post the results for us. I have a feeling you might want to alter it a bit after a price reversal or two.
"You need only use your eyes paupau:
http://i41.tinypic.com/ngek29.gif
One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%).
You still have a 10 pip stop but you had 15 pips of room while you were wiggling your way into a trade."
Now, I am definately not a person to discourage you from employing this method. Here it is in it's original form, use it verbatim and then post the results for us. I have a feeling you might want to alter it a bit after a price reversal or two.
"You need only use your eyes paupau:
http://i41.tinypic.com/ngek29.gif
One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%).
You still have a 10 pip stop but you had 15 pips of room while you were wiggling your way into a trade."
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BrandX wrote:For me trading is fun, by extension the forums are fun as they occasionally offer a strategy that is ludicrous. So, my chart was in the same spirit as the ridiculous strategy.
Now, I am definately not a person to discourage you from employing this method. Here it is in it's original form, use it verbatim and then post the results for us. I have a feeling you might want to alter it a bit after a price reversal or two.
"You need only use your eyes paupau:
http://i41.tinypic.com/ngek29.gif
One trick that you can use (assuming you trade 3 lots) is to place a limit order for 2 lots (15 pips = 2%) and when(?) price blows through it set a sell stop for 1 lot at the entry price (10 pips = 2%).
You still have a 10 pip stop but you had 15 pips of room while you were wiggling your way into a trade."
How do you have time to trade when you spend all of your time masterbating to your own brain scans? Just wondering...
DBT Rat trades
Rat trading, draw your zones, make your trades. It gives you entry/exit, is there anything simpler?
Last edited by BrandX on Sun Jan 29, 2012 4:47 pm, edited 1 time in total.
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