DRAIN THE BANKS

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Re: DRAIN THE BANKS

Postby TheRumpledOne » Wed Jun 22, 2011 11:26 am

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1) Price within 20 pips of the 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!!


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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 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
 
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Thu Jun 23, 2011 11:54 am

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GREEN RATS get ready for some SMART MONEY cheese!
TheRumpledOne
 
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Wed Jun 20, 2012 3:45 pm

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As many of you may know, I have moved back to my ranch. At the moment, I don't have 24/7 internet access due to the rural location. This will change my trading style. I will use the DAILY RAT and look for entry opportunities at/near the weekly open price and at/near the weekly ATR zones. I can set and forget these trades.

There are videos of the ranch on my YouTube channel. I'll be making a video on my new trading style soon.

In the chart above, the EURJPY had a RAT REVERSAL setup on the daily chart AND the entry was near the weekly open price. This is an example of the trades I will be doing.

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
TheRumpledOne
 
Posts: 356
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Wed Jun 27, 2012 10:59 am

2012.06.27 DAILY RAT REPORT

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AUDUSD showed a GREEN RAT REVERSAL at/near the weekly open.

GREEN RAT REVERSAL - LONG ENTRY CRITERIA:
1) RED CANDLE CLOSES
2) GREEN CANDLE CLOSES
3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.



DRAIN THE BANKS - LIKE A RAT

1) price within 20 pips of the 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.


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Let's clear things up:

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

3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!!
TheRumpledOne
 
Posts: 356
Joined: Thu Sep 03, 2009 10:48 am

Re: DRAIN THE BANKS

Postby TheRumpledOne » Tue Jul 03, 2012 11:26 am

2012.07.03 DAILY RAT REPORT

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GBPUSD showed a RED RAT REVERSAL setup with the daily open at/near the weekly open.

The BUY ZONE entry is used at/near the daily and/or weekly open.

I am also working on the DYNAMIC HIGHEST GREEN OPEN/LOWEST RED OPEN indicator.

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Long for short opportunities at the HIGHEST GREEN OPEN and long opportunities at the LOWEST RED OPEN.
TheRumpledOne
 
Posts: 356
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Wed Jul 04, 2012 12:12 pm

2012.07.04 DAILY RAT REPORT

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The AUDUSD had the RAT REVERSAL setup today but took back the profits if you didn't take them first. Price bounced up off of the weekly open only to return.

It's the 4th of July but why is America celebrating? INDEPENDENT FROM WHAT?
TheRumpledOne
 
Posts: 356
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Thu Jul 05, 2012 12:00 pm

2012.07.05 DAILY RAT REPORT

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USDCHF had the RAT REVERSAL setup. Once price broke through the ATR ZONE, it was time to move the stop up and protect profit.

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
TheRumpledOne
 
Posts: 356
Joined: Thu Sep 03, 2009 10:48 am

Re: DRAIN THE BANKS

Postby thinkoutsidethebox » Sat Jul 07, 2012 9:46 am

Hey TRO, I googled your indicators and I couldn't find them. Please help.
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Mon Jul 09, 2012 1:19 pm

2012.07.09 DAILY RAT REPORT

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AUDUSD triggered a RED RAD REVERSAL at/near the weekly open.

The previous week's low, was a potential target or area to move the stop once penetrated.


PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
TheRumpledOne
 
Posts: 356
Joined: Thu Sep 03, 2009 10:48 am

Re: DRAIN THE BANKS

Postby TheRumpledOne » Mon Jul 09, 2012 1:20 pm

thinkoutsidethebox wrote:Hey TRO, I googled your indicators and I couldn't find them. Please help.


I can't post that information. It would violate forum rules. Keep searching.
TheRumpledOne
 
Posts: 356
Joined: Thu Sep 03, 2009 10:48 am

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