2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- TheRumpledOne
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- Location: Oregon
- Real name: Avery T. Horton, Jr.
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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.
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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- 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:
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price within 20 pips of daily low.
red candle closed, green candle closed.
went long at highest price of green candle.
yesterday someone asked how long do I sit in front of computer waiting for setup.
Today it was 5 minutes. time enough to scan the charts,
find a pair within 20 pips of low, red candle close-green candle close-enter long at highest price of green candle.
Cosmoe1
Avery or anyone else, should know this by now, but what is the name of this multi pair dashboard? TIA
TheRumpledOne wrote:
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.
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO
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