2012.07.05 DAILY RAT REPORT
USDCHF had the RAT REVERSAL setup. Once price broke through the ATR ZONE, it was time to move the stop up and protect profit.
PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
2012.07.05 DAILY RAT REPORT
Moderator: moderators
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
2012.07.05 DAILY RAT REPORT
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
Hello TRO
I am a bit confused.
i dont know where to ask my questions....
Does the "buy the Zone" strategy still work ?
because i am trying to master it.
But now it seems to me that you are most concerned with "the rat reversal" strategy.
I like the Buy the Zone strategy for its simplicity.
which strategy should i try to master first ?
i dont know where to ask my questions....
Does the "buy the Zone" strategy still work ?
because i am trying to master it.
But now it seems to me that you are most concerned with "the rat reversal" strategy.
I like the Buy the Zone strategy for its simplicity.
which strategy should i try to master first ?
Hello Jijhhn:
TRO answered this question here:
http://kreslik.com/forums/viewtopic.php?t=3359
and here:
http://kreslik.com/forums/viewtopic.php?t=3361
If I understood well, he's waiting for a daily rat reversal setup to happen at/close to the weekly open.
Then he enters using the BUYZONE at/near the daily and/or weekly open.
He explain his exits here:
http://kreslik.com/forums/viewtopic.php?t=3366
Another exit option is explained here:
http://kreslik.com/forums/viewtopic.php?t=3363
Cheers
Francisco
TRO answered this question here:
http://kreslik.com/forums/viewtopic.php?t=3359
and here:
http://kreslik.com/forums/viewtopic.php?t=3361
If I understood well, he's waiting for a daily rat reversal setup to happen at/close to the weekly open.
Then he enters using the BUYZONE at/near the daily and/or weekly open.
He explain his exits here:
http://kreslik.com/forums/viewtopic.php?t=3366
The previous week's low, was a potential target or area to move the stop once penetrated.
Another exit option is explained here:
http://kreslik.com/forums/viewtopic.php?t=3363
Once price broke through the ATR ZONE, it was time to move the stop up and protect profit.
Cheers
Francisco
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
You are welcome TRO!
Today I entered my first daily rat trade:
EURJPY Opened on Sunday at 97.575 forming a bullish daily candle.
Monday candle was bearish with a low close to weekly open:97.638
I sent a sell short order 4 pips below yesterday low: 97.598
SL 10 pips: 97.738
TP weekly Low: 97.434
My order was taken but a 15 pips rally stopped me out; after this, the TP was reached...
Cheers
Francisco
Today I entered my first daily rat trade:
EURJPY Opened on Sunday at 97.575 forming a bullish daily candle.
Monday candle was bearish with a low close to weekly open:97.638
I sent a sell short order 4 pips below yesterday low: 97.598
SL 10 pips: 97.738
TP weekly Low: 97.434
My order was taken but a 15 pips rally stopped me out; after this, the TP was reached...
Cheers
Francisco
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.