flex wrote:So you would not use a rat trigger. What is your ultimate entry trigger? I've seen people enter long on red candles so that they get "wicked in". The rat entry is the total opposite since the candle has to travel first in your direction quite a bit.
I've seen people enter long on red candles so that they get "wicked in". The rat entry is the total opposite since the candle has to travel first in your direction quite a bit.
Not necessarily opposite, depends on what timeframe you are looking at.
The larger timeframe has one color/direction, but the smaller timeframes within give you the signal to go opposite of that large timeframe color/direction.
Ex: a red H1; within it there is the M5 Red/Green/Green which makes you go opposite the red H1
In real time, it looks like you are entering near the bottom of a long-bodied red candle (which might feel stupid). After the candle closes, in
hindsight, you see that your entry point is not the body anymore, but has magically turned into a wick.
In hindsight the entry looks beautiful...