prohlfer wrote:So, if you are a green rat, you wait for the second green candle to make a new high, then set the limit order to the high of the previous green candle?
if you are a green rat, you wait for the second green candle to make a new high,
NO!!!
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.