2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- trueblueTEX
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- TheRumpledOne
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- TheRumpledOne
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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!
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- trueblueTEX
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The red doji ("Red candle closes") on your chart is a green doji on mine. I'm just demo on FxPro, but I've noticed that real small doji's are often the opposite color of what several people get here on Kreslik. I don't know if they all use MBT or not.
I also notice that it seems like the USDCAD pair seems to be a frequent winner!!
Thanks, TRO!!!
Tex
I also notice that it seems like the USDCAD pair seems to be a frequent winner!!
Thanks, TRO!!!
Tex
- TheRumpledOne
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"Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame (with the obvious limitations explained above)
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden
DO YOU SEE IT?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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- trueblueTEX
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Yea, baby!!
10 Pips on the EU!!
- TheRumpledOne
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- trueblueTEX
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Key Word....
Now that you said these words.... "IN THE ZONE" now I can see which ones one should have taken.
-Man I am so pissed! I am getting my butt kicked - daily.
-Man I am so pissed! I am getting my butt kicked - daily.
TheRumpledOne wrote:See the first trade out of the rat zone? Simple and profitable.
Now look closely, how many reversals occurred IN THE ZONE?
And how many of those were losers?
- TheRumpledOne
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If you are getting your BUTT KICKED then you are probably OVER TRADING.
PICK ONE PAIR AND ONLY TRADE THAT PAIR FOR A MONTH.
You'll learn to WAIT for the opportunity. So what if you do not trade for a day or two because price was not where you wanted to trade it?
If you were hunting and didn't see anything to shoot at, what would you do... Fire your gun at nothing and potentially scare dinner away?
PICK ONE PAIR AND ONLY TRADE THAT PAIR FOR A MONTH.
You'll learn to WAIT for the opportunity. So what if you do not trade for a day or two because price was not where you wanted to trade it?
If you were hunting and didn't see anything to shoot at, what would you do... Fire your gun at nothing and potentially scare dinner away?
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.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
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