2012.07.10 DAILY RAT REPORT
GREEN RAT REVERSAL setup on the AUDUSD at/near the weekly open.
Yesterday's daily flipped from RED to GREEN and closed green. Today's daily candle, tested yesterday's low and reversed triggering a green rat entry.
For those of you who think I post trades AFTER THE FACT, let's set the record straight, the entry rules have been posted many, many times:
GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. .
RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT.
You know the entry criteria IN ADVANCE so you can participate in the trade if you choose. I have changed the entry slightly because I am not online 24/7. Instead of the high/low entry trigger, I enter at/near the weekly open.
Remember, STOP LOSS is a function of RISK and POSITION SIZE:
MAXIMUM RISK = 2% * ACCOUNT BALANCE.
STOP LOSS = RISK / POSITION SIZE.
As a trader, you determine your comfortable risk and the position size you are comfortable trading. Then you calculate your stop loss.
"I am not forcing you to accept my concepts. I only request the traders to review the market from time to time keeping in mind my concepts and if found suitable use in the trades or just ignore. Thanks for your opinion."
PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
2012.07.10 DAILY RAT REPORT
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- TheRumpledOne
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2012.07.10 DAILY RAT REPORT
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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This is where you get the free RAT indicators:
http://kreslik.com/forums/viewtopic.php?p=25593#25593
http://kreslik.com/forums/viewtopic.php?p=25593#25593
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
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Thank you for your support.
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Template and Indicators
Hello Everyone !!!
I am new to this forum but have read most of it. I am impressed with this work and want to use it as my trading strategies. I want to thank you TRO for all your work and dedication. I have not seen anything like this any whaere else on the net.
I am looking for help with a template and indicators that looks like the one that is posted here.
I think I have all the indicators but could use some help please. Thank you all for your contributions.
I can be emailed @ thelovellc@aol.com
FOREXINN
I am new to this forum but have read most of it. I am impressed with this work and want to use it as my trading strategies. I want to thank you TRO for all your work and dedication. I have not seen anything like this any whaere else on the net.
I am looking for help with a template and indicators that looks like the one that is posted here.
I think I have all the indicators but could use some help please. Thank you all for your contributions.
I can be emailed @ thelovellc@aol.com
FOREXINN
-
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Best Pairs for the Rat Reversal Trade
TRO,
What pairs do you find work best with the Rat Trade?
v/r
Kirk
What pairs do you find work best with the Rat Trade?
v/r
Kirk
- PebbleTrader
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- PebbleTrader
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