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

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jsme
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Postby jsme » Wed Feb 29, 2012 5:18 pm

Hey Thanks TRO. Once again...... :)

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winny
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Re: FXDD & MB Trading

Postby winny » Wed Feb 29, 2012 9:36 pm

TheRumpledOne wrote:
winny wrote:TRO,

I noticed that you went to FXDD, and probably left MB Trading.
Why did you leave MB and choose for FXDD ?

FXDD exists for 10 years I heard today.
They have a 2 pip spread on EUR/USD, why did you choose them ?


I use FXDD and ALPARI for CHARTING not trading!!


Ok, I understand.

winny
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Postby winny » Wed Feb 29, 2012 9:38 pm

TheRumpledOne wrote:
jsme wrote:I count back from the current H1 chart 24 bars. Than I draw my lines accordingly.

I trade off the M5. Doing so I was able to trade the EURUSD today as a green rat pretty well.


Image

I modified the RAT ZONE indicator to show use the last 24 bars to plot the zone.


Excellent, thank you very much TRO.
Where can I find the new Zone indicator ?

winny
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Postby winny » Wed Feb 29, 2012 9:47 pm

I have always been a fan of your buy zone strategies, it simply works.

Combined with your Rat Zone approach, very powerfull indeed.

I had an excellent trading day today, also because the
EUR/USD made a big move to the downside.

If I would have used the Rat Zone approach solely today then I guess,
I only should have taken the short trades, trading into the D! and W1 zones.

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TheRumpledOne
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Postby TheRumpledOne » Wed Feb 29, 2012 10:56 pm

winny wrote:
TheRumpledOne wrote:
jsme wrote:I count back from the current H1 chart 24 bars. Than I draw my lines accordingly.

I trade off the M5. Doing so I was able to trade the EURUSD today as a green rat pretty well.


Image

I modified the RAT ZONE indicator to show use the last 24 bars to plot the zone.


Excellent, thank you very much TRO.
Where can I find the new Zone indicator ?


I'll post it when I have it ready... still working on a few things.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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jsme
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Postby jsme » Thu Mar 01, 2012 1:12 am

winny wrote:
If I would have used the Rat Zone approach solely today then I guess,
I only should have taken the short trades, trading into the D! and W1 zones.


Hey winny, for what it is worth. I am a green rat. I traded the EURUSD today, and as it very obvious on the charts it was a down day.

Now it took some time for me to see my proper set up but I was able to be a green rat on the EURUSD today even with it being in a strong downward move.

That is what I really like about the rat reversal trades. At some point in the 24 hours a low is going to be made. And an opportunity will be presented.
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nickohorny
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Postby nickohorny » Thu Mar 01, 2012 10:30 am

Ah man!

TRO, I seem to getting beat up a bit lately rat trading, I am a green rat, and currently my trigger consists of taking a rat reversal off a 5 min chart long ONLY if it is also WITH the H1 also being long - No H1 long, no trigger.. I use it to try filter out stop outs, but just seem to be getting bashed about a bit lately.

have you or anyone else here have any ideas for me to try? I was thinking of maybe trying buy zone trade within the rat zone, so waiting for price to get in the 20 pip zone, then upon a new hour taking the buy zone trade long only, do you ever take these trades or is it only rat reversal triggers you use these days?

I am demo trading 2 mini lots on a $1,000 demo account, so risking 2% and should my 10 pip stop be hit I am down $20... 2 of them stops a day and I am down 4% which is when I call it a day, and this seems to be happening to me lately.

Thanks and also thanks for the HOLO vids on youtube I will be looking at them more closely now. Much appreciated.

jsme
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Postby jsme » Thu Mar 01, 2012 12:01 pm

Hey Nickohorny, you are trading similar to the way I choose to trade. Any chance of getting some screen shots of your trades to have a look at?

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Postby TheRumpledOne » Thu Mar 01, 2012 1:14 pm

Image


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

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

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the
forum. Thank you.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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nickohorny
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Postby nickohorny » Thu Mar 01, 2012 1:44 pm

1st trade of day, 2% down :(


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