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

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MightyOne
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Postby MightyOne » Thu Jan 05, 2012 6:36 pm

Very early on in a trade you tend to get what you ask for.

If you set a stop at BE you get BE

If you set a stop at +3 you get +3

Full stops do not protect gains, they minimize them.

If you are up 8 pips and you feel that you need to move your stop
to protect your position then the best play is to take the 8 pips.

I'm not going to continue to muddy up TRO's thread with strategy though because that is not the name of the thread.

nickohorny wrote:
MightyOne wrote:Here you go Nicko-

At +5 pips profit exit 5 MICRO lots with 1% profit.
[s]Move Stop to Break Even. [/s]
[s]Let the remanding 5 MICRO LOTS trail -5 pips behind price.[/s]


Thanks for the reply MightyOne, I am a bit confused though! Why did you cross out the exit strategy on the remainding 5 MICRO LOTS? Was was wrong about that part? Just need to know please :)

Thanks again

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nickohorny
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Postby nickohorny » Thu Jan 05, 2012 7:27 pm

MightyOne wrote:Very early on in a trade you tend to get what you ask for.

If you set a stop at BE you get BE

If you set a stop at +3 you get +3

Full stops do not protect gains, they minimize them.

If you are up 8 pips and you feel that you need to move your stop
to protect your position then the best play is to take the 8 pips.

I'm not going to continue to muddy up TRO's thread with strategy though because that is not the name of the thread.

nickohorny wrote:
MightyOne wrote:Here you go Nicko-

At +5 pips profit exit 5 MICRO lots with 1% profit.
[s]Move Stop to Break Even. [/s]
[s]Let the remanding 5 MICRO LOTS trail -5 pips behind price.[/s]


Thanks for the reply MightyOne, I am a bit confused though! Why did you cross out the exit strategy on the remainding 5 MICRO LOTS? Was was wrong about that part? Just need to know please :)

Thanks again


Aha I see..
I get what you mean, cheers

I agree, apologies to go off topic.
Nick.

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TheRumpledOne
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Postby TheRumpledOne » Thu Jan 05, 2012 7:33 pm

MightyOne, your comments are always welcome. Please feel free to post and share your ideas, methods, techniques, etc....
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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MightyOne
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Postby MightyOne » Thu Jan 05, 2012 8:36 pm

Here are 2 patterns that I look for before taking a rat trade:

a) 3-bar pattern where bodies are consecutively larger

b) 3-bar pattern where bodies are consecutively shorter

Price will either race towards S/R or slow down when it draws near to it (that is the theory anyway):

http://i41.tinypic.com/3494dh1.png

One of the reasons I have CC in shifts is to find these patterns.

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Postby prochargedmopar » Thu Jan 05, 2012 8:45 pm

MightyOne wrote:Here are 2 patterns that I look for before taking a rat trade:

a) 3-bar pattern where bodies are consecutively larger

b) 3-bar pattern where bodies are consecutively shorter

Price will either race towards S/R or slow down when it draws near to it (that is the theory anyway):

http://i41.tinypic.com/3494dh1.png

One of the reasons I have CC in shifts is to find these patterns.


Being there is no such thing as a trend, (read 1st page) These patterns will also be nice to use when price is continuing its march accross horizontal lines but after a little reaching has been in effect.
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Postby MightyOne » Thu Jan 05, 2012 9:39 pm

Close under a line short at the top & some more pictures of 3-bar patterns finding S/R

http://i43.tinypic.com/8xlw1t.gif

http://i40.tinypic.com/8yfdrn.gif

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Postby bredin » Thu Jan 05, 2012 10:01 pm

I feel a new indi (or two) coming on.... after I get my site fixed up :lol:

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Postby PebbleTrader » Thu Jan 05, 2012 10:32 pm

Nice to see some TRO YouTube videos.

TheRumpledOne was too funny! ...Rumpled T-shirts LOL :lol:

I was actually thinking before you explained it, "Man that is the most wrinkled shirt I've ever seen!"



Bredin, Best of luck with Trading School, should be a great way for some of the traders here to learn some of the concepts at an accelerated pace.
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Postby bettlebox » Thu Jan 05, 2012 11:50 pm

Great Videos TRO :)
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Question about indicators

Postby Sylverayda » Fri Jan 06, 2012 8:02 am

Hello TRO,

Thank you for sharing all the great info.

Can you tell me what trading platform you favor and how can i get your indicators please. It is my understanding that there is a bunch of free/donational indicators - which i already have and that there's another bunch of those which you get access to after payment. I'd like to get them. What do i do? If i'm wrong - sorry - english isn't my native language.

I've already placed this message in another thread of this forum (TRO indicators) - but no reaction :oops:

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