genlogins wrote:hey MO, from thos picrues above, what means BO?
BO = Breakout
Moderator: moderators
MightyOne wrote:skivers wrote:MightyOne wrote:Not exactly in the rule book but here it goes:
http://i52.tinypic.com/308ccic.gif
http://i55.tinypic.com/func08.gif
Interesting- You took two shots after the same higher high with a +3 followed by +17 - that little green price rejection candle gave you the reason to get in again.
I was saying that you either would have made 3 pips or possibly get stopped out or up to 17 pips if you didn't get picked off.
I should point out that I am a Macro Rat...
teamforex.eu wrote:ASK FOR TRO:
I ask this confirmation: method RAT, obligates to negotiate, ONLY in the cases of 0-20 pips, within D1 LOW, or, can negotiate also in the cases of, 0-20 within D1 HIGHT? (RAT ZONES) Always respecting the plot rat.
Thanks
TheRumpledOne wrote:teamforex.eu wrote:ASK FOR TRO:
I ask this confirmation: method RAT, obligates to negotiate, ONLY in the cases of 0-20 pips, within D1 LOW, or, can negotiate also in the cases of, 0-20 within D1 HIGHT? (RAT ZONES) Always respecting the plot rat.
Thanks
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.
RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.
Let's clear things up:
1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.
2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
trueblueTEX wrote:eeeewwwww, eeeewwwww, eewwwwww (Horshack voice) I know this one!!
He only trades one per day.
maddman wrote:Please excuse my lack of understanding but maybe you or someone could give me some clarity? Q. A trade is placed when the candle moves into zone within 20 pips of the high or low. Correct? Also, what I then am expecting is a reversal in that zone to make 5 pips or more before exiting the position with your chosen amount of pip profit? Correct? Lastly is the trade place when? When the candle in the zone closes and still in the zone?trueblueTEX wrote:eeeewwwww, eeeewwwww, eewwwwww (Horshack voice) I know this one!!
He only trades one per day.
MightyOne wrote:Not exactly in the rule book but here it goes:
http://i52.tinypic.com/308ccic.gif
http://i55.tinypic.com/func08.gif