trueblueTEX wrote:cosmoe1 wrote:
Hey Mo,
check this out LOL.
Got out first time because it hit the 61.8 Fib.
took second trade because of news release.
i normally don't trade the news, but sometimes I trade the rebound of news trading. Something I picked up from a veteran trader.
Set T.P. @ the 161.8 Fib
Cosmoe1
Hmm, interesting
Cos
My FxPro chart does NOT go up that high on the CHIEF!! I have a gap of a couple of bars and only shows a High of 1.06990.
Even if switch it to M15, I still have a gap and the high is 1.06990.
2009.09.10 DRAIN THE BANKS - LIKE A RAT
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Re: Whoa!!
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Makamilman wrote:With a separate order entry system that's not on your chart, how do you get a visual on what's going on with the orders and stops?
It seems like it would be awkward and hard to manipulate in a fast moving market but apparently it's working for you guys. I'm highly visual and used to seeing my order on the chart. I guess if I want to drain some I need to get used to two systems.
Thanks for your suggestions.
the 50" plasma monitor helps a wee bit too. LOL
Cos
- trueblueTEX
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cosmoe1 wrote:Makamilman wrote:With a separate order entry system that's not on your chart, how do you get a visual on what's going on with the orders and stops?
It seems like it would be awkward and hard to manipulate in a fast moving market but apparently it's working for you guys. I'm highly visual and used to seeing my order on the chart. I guess if I want to drain some I need to get used to two systems.
Thanks for your suggestions.
the 50" plasma monitor helps a wee bit too. LOL
Cos
Cosmoe,
what pairs do you look at?
Tex
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Avery, I am going thru the entire thread again and notice below you did mention 5 min, 15 min, or 60 min for rat trades.
Is this still the case? I question because all your posted trades are only on 5 min. Is there any significant, as far as rat trade is concerned, on 5 min that I miss?
tfg.
Is this still the case? I question because all your posted trades are only on 5 min. Is there any significant, as far as rat trade is concerned, on 5 min that I miss?
tfg.
TheRumpledOne wrote:
A) Price makes new low for the day or is within 20 pips of low of the day
B) Previous candle is green ( 5 min, 15 min or 60 min )
C) Enter at previous candle high
Look at the chart:
See those 2 red candles near the bottom...
See the next candle was green...
See then next candle break the previous green candle's high - that was your entry...
See the profit!!!
- TheRumpledOne
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DRAIN THE BANKS - LIKE A RAT
1) Price within 20 pips of the daily low - that is OPPORTUNITY
2) Red candle closes
3) Green candle closes - note the high price of the green candle.
4) Enter long at the green candle's high price
5) STOP LOSS IS 10 PIPS
6) Take whatever profit you can.
7) If the rules do not mention it, then it is of no concern.
After getting many, many (Yale student type) questions, I have added rule #7.
1) Price within 20 pips of the daily low - that is OPPORTUNITY
2) Red candle closes
3) Green candle closes - note the high price of the green candle.
4) Enter long at the green candle's high price
5) STOP LOSS IS 10 PIPS
6) Take whatever profit you can.
7) If the rules do not mention it, then it is of no concern.
After getting many, many (Yale student type) questions, I have added rule #7.
Last edited by TheRumpledOne on Sat Jul 03, 2010 8:08 pm, edited 1 time in total.
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
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tfg wrote:Avery, I am going thru the entire thread again and notice below you did mention 5 min, 15 min, or 60 min for rat trades.
Is this still the case? I question because all your posted trades are only on 5 min. Is there any significant, as far as rat trade is concerned, on 5 min that I miss?
tfg.
You can trade RAT REVERSALS on any time frame.
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.
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