2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- TheRumpledOne
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lukx wrote:TRO, today on EJ I entered when price was 20 pips form daily low, but it hit sl. How do you make it that you are choosing so many good trades and dropping screenshots :
I've been a lurker here for a while, but I'd like to give this a shot to see if I've got this.
One of the RAT strategies (if not the) is following 2 reds and 1 green within 20 of the low, your entry is on the next candle as it passes up past the high of that last green candle.
Looks like your entry was 11 candles ago. With the 10 pip stop suggested around here, you'd still be stopped out on the next candle. But I don't think the entry is necessarily meant to be AT the +20 pip off low.
Please correct me if I'm driving erratically.
- TheRumpledOne
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