been playing with snippit tool on new computer
can not get pictures to upload into forum
Cos
2009.09.10 DRAIN THE BANKS - LIKE A RAT
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Single trade day. 10 pips first half, 20 pips second half. Cos, I use Oanda. When on a PC I open chart in new window and resize the window, hit ALT-PRINTSCREEN, open up Paint, Edit, Paste, File, Save, I use png format and upload to photobucket. Then use the photobucket link in my post. When I use my Mac I use [Command][Shift][4] to do my screen capture.
[left]http://i756.photobucket.com/albums/xx202/tommydq/Forex%20Trading%20-%20Two%20Percent%20Per%20Day/2010-07-15-usdchf.png[/left]
[left]http://i756.photobucket.com/albums/xx202/tommydq/Forex%20Trading%20-%20Two%20Percent%20Per%20Day/2010-07-15-usdchf.png[/left]
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cosmoe1 wrote:webmail4tom wrote:cosmoe1 wrote:
Not all trades are winners.
in the blue shaded area is a trade I took this morning before going to work.
Cosmoe1
Hi Cosmoe,
Two things come to my mind looking at your entry on this one:
1.) Would have been the correct (by the rules) entry at 1.03015, 5 minutes before you decided to go long?
The High of the previous green candle was at 1.03015, the High of the following candle was at 1.03015 as well, so placing a limit order would have been most likely triggered.
2.) Your trade was entered around lunch time. Generally I am suspicious about any signals around this time.
Thanks for posting your trades and thoughts!
Cheers
Tom
I believe it was a valid entry for green rat. you enter long when price within 20 pips of low, red candle close, green candle closes, limit order at highest point of green candle. I always use limit orders. Thanks.
But lets ask the master Tro.
Tro was this a valid entry?
Cos
The entry you took was a valid one, but what I tried to point out is that the first valid entry was 2 candles before and so your entry came too late for the 10 pip SL, while the correct entry would have left you with a SL below the lowest low 25 minutes earlier.
Lets see if I can attach a screenshot.
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- Bild 1.jpg (196.74 KiB) Viewed 4779 times
webmail4tom wrote:cosmoe1 wrote:webmail4tom wrote:cosmoe1 wrote:
Not all trades are winners.
in the blue shaded area is a trade I took this morning before going to work.
Cosmoe1
Hi Cosmoe,
Two things come to my mind looking at your entry on this one:
1.) Would have been the correct (by the rules) entry at 1.03015, 5 minutes before you decided to go long?
The High of the previous green candle was at 1.03015, the High of the following candle was at 1.03015 as well, so placing a limit order would have been most likely triggered.
2.) Your trade was entered around lunch time. Generally I am suspicious about any signals around this time.
Thanks for posting your trades and thoughts!
Cheers
Tom
I believe it was a valid entry for green rat. you enter long when price within 20 pips of low, red candle close, green candle closes, limit order at highest point of green candle. I always use limit orders. Thanks.
But lets ask the master Tro.
Tro was this a valid entry?
Cos
The entry you took was a valid one, but what I tried to point out is that the first valid entry was 2 candles before and so your entry came too late for the 10 pip SL, while the correct entry would have left you with a SL below the lowest low 25 minutes earlier.
Lets see if I can attach a screenshot.
O.K. Gottcha now I understand.
Thanks.
Thick skulled sometimes.
Cos
TheRumpledOne wrote:
Testing...
Apologize for not being able to find around but I donated and I downloaded all batches of the motherlodes but I'm not able to find the indicator above with the different pairs listing R-S-G. Could anyone point me in the right direction? Thank you.
Last edited by tinypips on Thu Jul 15, 2010 2:14 pm, edited 1 time in total.
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- TygerKrane
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???
webmail4tom wrote:The entry you took was a valid one, but what I tried to point out is that the first valid entry was 2 candles before and so your entry came too late for the 10 pip SL, while the correct entry would have left you with a SL below the lowest low 25 minutes earlier.
Lets see if I can attach a screenshot.
I don't see how that was a Rat Reversal entry...
Looks more like: Green/Green/High of 2nd Green to me.
_________________________
Also, I don't see how cosmoe1's entry could be considered a late entry...
Looks like: Red/Green/High of 2nd Green to me.
cosmoe1 wrote:
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
tinypips wrote:TheRumpledOne wrote:
Testing...
Apologize for not being able to find around but I donated and I downloaded all batches of the motherlodes but I'm not able to find the indicator above with the different pairs listing R-S-G. Could anyone point me in the right direction? Thank you.
Here is another of TRO's indicators that you may find useful:
- trueblueTEX
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