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TheRumpledOne
Registered: Aug 2006
Posts: 678 |
12-28-11 02:44 PM
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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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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TheRumpledOne
Registered: Aug 2006
Posts: 678 |
12-30-11 01:34 PM
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1) Price within 20 pips of the CURRENT daily low (ClLo < 20) - that is OPPORTUNITY
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The important part is to enter WITHIN 20 pips of the CURRENT 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 CURRENT daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
<-------------------------------------------------------------------->
PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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MBC
Registered: Nov 2011
Posts: 224 |
12-30-11 01:39 PM
Daily low ?
Where does your day start and begin ?
How often is this method wrong ?
What is your personal Profit factor ?
Thanks!!
Quote from TheRumpledOne:
<-------------------------------------------------------------------->
1) Price within 20 pips of the CURRENT daily low (ClLo < 20) - that is OPPORTUNITY
<-------------------------------------------------------------------->
The important part is to enter WITHIN 20 pips of the CURRENT daily low. The RAT REVERSAL is only one entry method.
<-------------------------------------------------------------------->
Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.
THINK ABOUT IT!!
<-------------------------------------------------------------------->
MAXIMUM RISK = 2% * ACCOUNT BALANCE.
STOP LOSS = 10 PIPS. (INCLUDING SPREAD)
POSITION SIZE = RISK / STOP LOSS.
<-------------------------------------------------------------------->
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 CURRENT daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
<-------------------------------------------------------------------->
PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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Edit/Delete • Quote • Complain |
TheRumpledOne
Registered: Aug 2006
Posts: 678 |
12-30-11 06:22 PM
The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.
<-------------------------------------------------------------------->
PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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Eight
Registered: Mar 2009
Posts: 3352 |
02-05-12 02:36 AM
This thread is amazing!! A method of trading is clearly exposed. One can learn it, it requires no backtesting to see what the results are. It can be checked out with just five minutes of quality time with a chart... and the upshot is:
People respond with insults and demands!!
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