2009.09.10 DRAIN THE BANKS - LIKE A RAT
Moderator: moderators
- roger_over
- rank: 50+ posts
- Posts: 85
- Joined: Sun Oct 11, 2009 7:28 am
- Reputation: 0
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- bredin
- rank: 1000+ posts
- Posts: 1033
- Joined: Mon Feb 16, 2009 10:41 pm
- Reputation: 7
- Gender:
- Contact:
roger_over,
As TRO said to me about a week ago....
You get Lucky
G.
As TRO said to me about a week ago....
You get Lucky
G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!
-
- rank: 150+ posts
- Posts: 225
- Joined: Fri Jan 29, 2010 11:13 am
- Reputation: 0
- Gender:
-
- rank: 150+ posts
- Posts: 225
- Joined: Fri Jan 29, 2010 11:13 am
- Reputation: 0
- Gender:
EU Long
Simple green rat trade within 20 pips of the daily low and with H1
Red candle close
Green candle close (above H1)
Long at high of green candle
I took 8 pips.
Done for the day in less than half an hour
Remember that statistically after 3 or more same colour candles we could be expecting a reversal. TRO. (I don't think thats an exact quote btw)
EU H1 chart had 5 red candles in a row so when the green DTB formed at the start of the next hour I had the confidence to hold the trade for more pips.
Simple green rat trade within 20 pips of the daily low and with H1
Red candle close
Green candle close (above H1)
Long at high of green candle
I took 8 pips.
Done for the day in less than half an hour
Remember that statistically after 3 or more same colour candles we could be expecting a reversal. TRO. (I don't think thats an exact quote btw)
EU H1 chart had 5 red candles in a row so when the green DTB formed at the start of the next hour I had the confidence to hold the trade for more pips.
I must be doing something wrong!
keep taking green rat trades which are within the 20 pips daily low and also green on the hourly chart but its very rare that it goes up enough to match the bidask. Is this just a lack of practice at choosing the right type of trade or am I doing something fundamentally wrong?
keep taking green rat trades which are within the 20 pips daily low and also green on the hourly chart but its very rare that it goes up enough to match the bidask. Is this just a lack of practice at choosing the right type of trade or am I doing something fundamentally wrong?
- Attachments
-
- chart1.gif (17.3 KiB) Viewed 4679 times
The Future's Bright, The Future is Tangerine
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:
Brew84 wrote:I must be doing something wrong!
keep taking green rat trades which are within the 20 pips daily low and also green on the hourly chart but its very rare that it goes up enough to match the bidask. Is this just a lack of practice at choosing the right type of trade or am I doing something fundamentally wrong?
If the green line is your buy, you should have bought where the red line is... I see a green rat reversal arrow there.
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.
- 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:
roger_over wrote:Hi Avery , How do you get those runners lol?, Man I try to stay away from UC pair as I seem to always get trapped..(It's just my inexperience thats all) I stick with GU and UCAD, wow nice trade , quick bunch of pips heh?
Got real lucky!
Price crossed below the 00, 75 and 50. Either is going up or down, so when it crossed back up I went long. Later it ran up in my favor. Bummer is I missed the 00 short on the way back down.
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.
- bredin
- rank: 1000+ posts
- Posts: 1033
- Joined: Mon Feb 16, 2009 10:41 pm
- Reputation: 7
- Gender:
- Contact:
Brew, the chart calculated off the Bid price.
If I am making market entries, I will hit sell (I am a RED RAT) when the Bid hits the line. If I were a GREEN rat I would hit buy at the line. Either way I will have to pay the spread with this order type.
G.
If I am making market entries, I will hit sell (I am a RED RAT) when the Bid hits the line. If I were a GREEN rat I would hit buy at the line. Either way I will have to pay the spread with this order type.
G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.