2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Wed May 26, 2010 12:06 pm

4 - Yes. Sometimes.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Wed May 26, 2010 12:06 pm

Image
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby trueblueTEX » Wed May 26, 2010 12:08 pm

TheRumpledOne wrote:4 - Yes. Sometimes.

ok!!

Hmm.... my image didn't upload.

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TheRumpledOne
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Postby TheRumpledOne » Wed May 26, 2010 12:21 pm

Image

RESULTS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu May 27, 2010 3:55 pm

Image

1) price within 20 pips of the daily low - that is OPPORTUNITY
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TheRumpledOne
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Postby TheRumpledOne » Thu May 27, 2010 4:14 pm

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Price was leaving the daily low + 20 area, no need to wait any longer.
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MightyOne
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Postby MightyOne » Fri May 28, 2010 5:22 am

TheRumpledOne wrote:Image

RESULTS.



If I may...

If it is not off topic :shock:


I would have made simple candle comparisons and exited after a comparatively larger body:


Image

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Postby TheRumpledOne » Fri May 28, 2010 5:26 pm

MightyOne... please explain in detail.

Thanks
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Postby MightyOne » Fri May 28, 2010 6:50 pm

TheRumpledOne wrote:MightyOne... please explain in detail.

Thanks



Nothing to explain really.

There is usually a final burst at the end of a move.

All that you are doing is comparing bursts in the prev. price action to bursts in the current price action.

A burst is something that sticks out from "normal PA" in other words non-momentum.

You should also be aware that the game changes when you are trading around high time frame extremes as they tend to attract high time frame losses.

As always, logic will see you through to the end:


Image

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Postby TheRumpledOne » Sat May 29, 2010 3:42 pm

You say I could exit here but where was the entry?
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