2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED

[Nondisclosure]

Can someone point me to the very begining of "drain the bank". How to trade it, read/get the indicators etc.? Not looking for the answers to my questions here, just the links to the answers.

I can read and learn. And I want to.

[pjaikins]

Good luck. I've posted three questions here and got zero answers.

Can someone point me to the very begining of "drain the bank". How to trade it, read/get the indicators etc.? Not looking for the answers to my questions here, just the links to the answers.

I can read and learn. And I want to.

[Braathen]

i really dont want to be an ass.. but dudes.. its not like its hard to find.. and on your search.. u know what?.. i might learn something

[pjaikins]

Did you look at my questions? I asked them cause I could not find the answers in the posts thus far. My questions are different from the other guy.

i really dont want to be an ass.. but dudes.. its not like its hard to find.. and on your search.. u know what?.. i might learn something

[Braathen]

"You mention entering within the 20 pips zone of the current daily low. Do you still enter if the currency is very close to the top of that zone or steer clear?"
Is this your question? answer from TRO would most likly be another linky of his famous wall of text and a "trade what YOU see" at the end

[pjaikins]

Brilliant!

"You mention entering within the 20 pips zone of the current daily low. Do you still enter if the currency is very close to the top of that zone or steer clear?"
Is this your question? answer from TRO would most likly be another linky of his famous wall of text and a "trade what YOU see" at the end

[Sandra]

Brandx,

Here is a pic of my tradestation platform, Im trying to get the setup you had posted. Im using the Moving Average Envelope indi, with a period of 20
pctabove=.2 pctbelow =.2

but I only get two lines??



Sandra

[BrandX]

Brandx,

Here is a pic of my tradestation platform, Im trying to get the setup you had posted. Im using the Moving Average Envelope indi, with a period of 20
pctabove=.2 pctbelow =.2

but I only get two lines??



Sandra

One picture is worth a thousand words.
Simply add another Moving Average Envelope. Settings; 20, % above .1, % below .1, and see if that works for you.

[TheRumpledOne]

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1) Price within 20 pips of the CURRENT daily low (ClLo < 20) - that is OPPORTUNITY

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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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Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.

THINK ABOUT IT!!


<-------------------------------------------------------------------->

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

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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 CURRENT daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.

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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne]

1) price within 20 pips of the CURRENT 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.


"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."


<-------------------------------------------------------------------->

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.