Confessions of a rat

[roger h]

Confessions of a rat.

No evidence of it but it is believed that 9 out of 10 of us are destined to be a Cat’s lunch. We see cheese (Mercedes 600) in a room of full of predators. How do we not end up prey get that stinking cheese? Here’s how:

#1 You do not want to trade.

#2 Are your indicators in place? Have more than one ideally two.

#3 If they are trade; but remember #1.

#4 If they are not or if only 1 of the indicators is compliant watch for 1 full minute. If the conforming indicator changes forget the trade. If the conforming indicator continues to conform but after the full minute the non-conforming indicator has acted weird also forget the trade. If the conforming indicator remains compliant during that minute the non-coning indicator remains unchanged but not worse then trade but remember #1.

#5 Watch your ass (position).

#6 Never open a 2nd position unless your indicators have reversed. For example if you short the dollar for 100000 your indicators have reversed giving you a profit then you may consider a trade of long dollar for 200000. Net long dollar 100000.

#7 Select the time you will trade 5pm-6pm Hong Kong 10pm Hong Kong.

#8 Decide the # of pips you will accept each session.

#9 Stick with the time with the # of pips.

#10 When the pips are achieved move on because #1.

#11 “Winners never quit” does not apply to rats.

#12 Do not get cocky you are a rat.

#13 Wacth what you trade. BUY or SELL? # of units? What p? BE CAREFUL.Confessions of a rat.

[xenolith]

Wow man that's good.

Everyone gets greedy now then it's important to set a target after which you stop trading enjoy the rest of the day. Limiting risk is key.

I've got you ask you though Roger what two or three indicators do you use to make your trades? just how much cheese (pips) do you set as a target?

[BillF]

Roger

Spot on - love your 13 pt. recipe for being a rat.

I'm a dragon in the Chinese calendar so I must think up a similar sequence for dragons - mind you I have indirectly - see my thread about "not fiddling" exasperation!

(http://www.moneytec.com/forums/showt...6734#post16734 http://www.moneytec.com/forums/_show...eadid-3557/_s-)

Bill..

[roger h]

Hey Xenolith

I can't figure out pivots resistances & supports much less anything else have given up on the "system" - Rezo has been doing a great job in his commentary!
I've gone all out 1:20 margin on Long Eur/USD never been called yet. I've added to positions each time margin has been available.
I think its pretty easy the market has no logic only emotions of teenagers raging horm; so the yapping whippersnappers have spoken for will take it to 1.2500 by the end of the year 1.3000 by Feb04

Hey Bill

Thats exactly right the more you look at it the more you fiddle with it. Great piece love it!

[Wik]

Hi Bill

Let's do a dragons' rules! Since Dragons are quite different Rats (mainly character) it will be a bit different but definitely #13 should be there!!!!