2009.09.10 DRAIN THE BANKS - LIKE A RAT

[cosmoe1]

been playing with snippit tool on new computer

can not get pictures to upload into forum

Cos

[tommydq]

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]

[webmail4tom]

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.

[cosmoe1]

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

[tinypips]

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.

[TygerKrane]

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.

[MightyOne]

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:

[cosmoe1]

been playing with snippit tool on new computer

can not get pictures to upload into forum

Cos

Waiting on valid entry.Thought I would wait to trade till after the news came out.
Finally got snipit tool to work.
I sure am not a computer geek. LOL

Cos

[cosmoe1]

Wish me luck LOL

Cos

[trueblueTEX]

Good luck!!!

I don't even have my charts up this morning. Working on a computer switch.