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.
GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.
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.