2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Thu Dec 08, 2016 2:15 pm

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby waynehenderson36 » Thu Dec 08, 2016 2:39 pm

TheRumpledOne wrote:
waynehenderson36 wrote:Thanks Tro. Have you changed your daily targets too or is it still +50 pips or 2% of account....


At this stage, I am happy with 1% or more. Total pip count doesn't concern me.



Thanks Tro, I've been reading through the rat thread and looks like in the beginning the money management was 10 pips SL which was 2% of account. I know the SL is still 10 pips but has the percentage changed? Is it now 1% or even 0.5%?

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Thu Dec 08, 2016 5:58 pm

waynehenderson36 wrote:
TheRumpledOne wrote:
waynehenderson36 wrote:Thanks Tro. Have you changed your daily targets too or is it still +50 pips or 2% of account....


At this stage, I am happy with 1% or more. Total pip count doesn't concern me.



Thanks Tro, I've been reading through the rat thread and looks like in the beginning the money management was 10 pips SL which was 2% of account. I know the SL is still 10 pips but has the percentage changed? Is it now 1% or even 0.5%?


* POSITION SIZE = RISK / STOP LOSS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby waynehenderson36 » Fri Dec 09, 2016 12:40 pm

Thanks Tro for your help, I have been trawling through the posts. You really do have great patience lol.
Do you still use the weekly rule with the rat? Only short below weekly open and vice versa....

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Fri Dec 09, 2016 5:47 pm

waynehenderson36 wrote:Thanks Tro for your help, I have been trawling through the posts. You really do have great patience lol.
Do you still use the weekly rule with the rat? Only short below weekly open and vice versa....


There are rules. Rules are usually followed. Sometimes the rules are bent. Sometimes the rules are broken. Trade what you see is the main rule.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Fri Dec 09, 2016 6:40 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Dec 12, 2016 3:22 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Tue Dec 13, 2016 4:23 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby waynehenderson36 » Tue Dec 13, 2016 4:26 pm

Hi Tro,
SL is 10 pips but what if the green candle you are trading the high of is only 5 pips high? Would your stop just be below this small candle or would you keep it at 10 pips? Thanks

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Tue Dec 13, 2016 4:31 pm

waynehenderson36 wrote:Hi Tro,
SL is 10 pips but what if the green candle you are trading the high of is only 5 pips high? Would your stop just be below this small candle or would you keep it at 10 pips? Thanks


POSITION SIZE = RISK / STOP LOSS.


The 10 pip SL was put there ONLY to satisfy all those naysayers who were screaming for and demanding a SL.

The SL should be a few pips above the current daily high or a few pips below the current daily low. Adjust position size accordingly. That way each trade has the same risk.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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