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

[Karma]

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!!

TRO,
I was happy to see that Oanda started offering the MT4 platform also for trading on the Forex market, but I noticed that there are lags and sometimes the Oanda MT4 order routing is delayed.

Still I would like to use MT4 for some charting purposes.
Why did you choose FXDD and/or Alpari, are their MT4 charts more
reliable in your opinion ? And do you use a demo feed with them or is it a real account that you use, for charting purposes ?

For trading Rat Zones, I think it is better to use the most reliable datafeed/broker. Preferably using GMT, or GMT+1

Thank you for your help.

Hey Winny I just wanted to make a point and mention towards your post that if anyone feels the same way I do I use FXDD for charting and I use MBT Pro for order execution. It really seems to be the best way to do things.

FXDD has a viking platform which has substantially better spreads than it's mt4 counterpart. But fxdd is a ForeX Dealing Desk... make no mistakes there

Just my two cents

[TheRumpledOne]

Nick...

You are really swimming against the current with EURUSD right now.

First, get the latest TRO_RAT_ZONE that has the W1 bias on it.

Also, remember the #1 rule of thumb... do NOT trade against the H1 candle color. That should keep you out of trouble.

[nickohorny]

Nick...

You are really swimming against the current with EURUSD right now.

First, get the latest TRO_RAT_ZONE that has the W1 bias on it.

Also, remember the #1 rule of thumb... do NOT trade against the H1 candle color. That should keep you out of trouble.

Aaaah yes I am, I do have the new verison but for some reason must of added the older rat zone indi... will sort this today.

Regarding swimming against the current - TRO, is this not something we are pretty much always doing trading like rats within the 20 pip zone of the daily low? I mean to be trading there pretty much will mean the day is down at the time, thus trading long against the current.

And yes I will NOT be trading against H1 again no matter what, rules are set!

Thanks
Will post my results later today see how I get on

[jsme]

Just over my 2% (my daily goal) for the day in just two trades. Both trades followed the direction of the H1.

Keeping it simple TRO..works for me.

Nick you will get there, just take it slow.

[nickohorny]

Just over my 2% (my daily goal) for the day in just two trades. Both trades followed the direction of the H1.

Keeping it simple TRO..works for me.

Nick you will get there, just take it slow.

Nice work mate! I have taken 2 trades so far, one on USDJPY earlier today for 7 pips, and another recently on USDCHF for just 1 pip.

Both with H1 going long.. will post charts later!

May the pips be with you...

[jsme]

Wonderful Nick and may the pips be with you as well.

One more thing that I now do but didn't do for a great deal of time is keep a simple trading journal.
I had been told/read to keep one for years and I just never did. Success has increased after I started keeping the journal.

It is very simple. For example

0/05/12 09:16 USDCHF Green rat trade. H1 UP 3.4 pips gained.

Doing so has allowed me to go back over trades, both winners and losers to locate what is working for me and what is not.

Now if you are completly honest with yourself. You can see very quickly what does work well and than wait for that set up to occur.

[nickohorny]

Wonderful Nick and may the pips be with you as well.

One more thing that I now do but didn't do for a great deal of time is keep a simple trading journal.
I had been told/read to keep one for years and I just never did. Success has increased after I started keeping the journal.

It is very simple. For example

0/05/12 09:16 USDCHF Green rat trade. H1 UP 3.4 pips gained.

Doing so has allowed me to go back over trades, both winners and losers to locate what is working for me and what is not.

Now if you are completly honest with yourself. You can see very quickly what does work well and than wait for that set up to occur.

Ha Funny you should say that I went out and got myself a notepad specifically for that just the weekend! I'm more of a hand written kind of guy than typing it on the pc! Thanks for advice, will def begin jotting every trade down.

[nickohorny]

Master Tro, forgot to post this from friday! But I watched the HOLO vids on youtube and just wanted to see if i was on track here

[Fingobob]

Hi TRO,

There are a few biases that is inserted on the Rat zone indi

D1/W1/H1 bias. How do you use these biases when you trade the rat zone?

Also how does the range affect your trades? What is it supposed to tell us?

Fingobob

[Sylverayda]

Nick...

You are really swimming against the current with EURUSD right now.

First, get the latest TRO_RAT_ZONE that has the W1 bias on it.

Also, remember the #1 rule of thumb... do NOT trade against the H1 candle color. That should keep you out of trouble.

Thanks TRO. Big ones. See? There's always something new/-ish you can add to help us looser newbies (speaking for myself). (Now a little less in the red thanks to you).

Still Green.