NEVER LOSE AGAIN!! TheRumpledOne

This is a discussion on NEVER LOSE AGAIN!! TheRumpledOne within the Discretionary Trading forums, part of the Methods category; <--------------------------------------------------------------------> 1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY <--------------------------------------------------------------------> The important ...

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Old Mar 4, 2011, 2:12pm   #2164
 
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Re: NEVER LOSE AGAIN!! TheRumpledOne

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<-------------------------------------------------------------------->

1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY

<-------------------------------------------------------------------->

The important part is to enter WITHIN 20 pips of the 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 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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Old Mar 4, 2011, 2:48pm   #2165
 
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Re: NEVER LOSE AGAIN!! TheRumpledOne

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HAPPY NFP DAY!

<-------------------------------------------------------------------->

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.

<-------------------------------------------------------------------->

The important part is to enter WITHIN 20 pips of the 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!!

<-------------------------------------------------------------------->

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!!"


You are on the INTERNET, if you google search, you'll probably find what you are looking for.
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Old Mar 5, 2011, 12:52pm   #2166
Joined Apr 2008
Re: NEVER LOSE AGAIN!! TheRumpledOne

Hi TRO,

Do you have a preference list of currencies pairs that you trade? The reason I ask if many times when you show your gauge, several could be within 20 pips of tops or bottoms for the day but which one do you look to trade as a preference? Is there a league table which you pick the highest in play and look to scalp?

Many thanks

Ian.
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Old Mar 6, 2011, 4:00pm   #2167
Joined Feb 2006
Re: NEVER LOSE AGAIN!! TheRumpledOne

Hello Avery

How are you doing with your trading. It has been awhile. Do you see EUR/USD moving up or down in the next few days. The charts are bullish calling for it to move past 1.4000

Take care and look forward to your reply.
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Old Mar 9, 2011, 6:09am   #2168
 
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Re: NEVER LOSE AGAIN!! TheRumpledOne

TheRumpledOne started this thread Why I have not been posting much the past week or so .... NASCAR!!

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Went to the Phoenix race and then...

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...went to the Las Vegas race. Hard to focus on trading when NASCAR is nearby.
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Old Mar 9, 2011, 6:12am   #2169
 
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Re: NEVER LOSE AGAIN!! TheRumpledOne

TheRumpledOne started this thread
Quote:
Originally Posted by wyichc View Post
Hi TRO,

Do you have a preference list of currencies pairs that you trade? The reason I ask if many times when you show your gauge, several could be within 20 pips of tops or bottoms for the day but which one do you look to trade as a preference? Is there a league table which you pick the highest in play and look to scalp?

Many thanks

Ian.
I trade the ones with the highest hourly average range usually.
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Old Mar 9, 2011, 6:14am   #2170
 
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Re: NEVER LOSE AGAIN!! TheRumpledOne

TheRumpledOne started this thread
Quote:
Originally Posted by Warren Forex View Post
Hello Avery

How are you doing with your trading. It has been awhile. Do you see EUR/USD moving up or down in the next few days. The charts are bullish calling for it to move past 1.4000

Take care and look forward to your reply.
Doing just fine.

You should know I do NOT predict what price will do in the future. Instead, I prefer to identify what price IS doing at the moment and trade accordingly.
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