ewcraigs wrote:Hi TRO,
I have read some of the posts here and listened to your interview. You mentioned that you are a green rat. Do you never trade as a red rat? Do you ever say to yourself, "Hey, this market isn't going up. I recognize that and I will trade as a red rat."?
I understand that you do not trade based on support resistance, trend, etc. So what if a stock or currency pair is making lots of red candles (downtrend Will you try to trade long even though the trade is likely to be shorter lived than one placed as a red rat?)
When I start trading, I look at the GPS gauge. That tells me what pairs, if any, are in the green rat zone. I pick one or 2 and trade those pairs that day.
When you switch from long to short and back, you are a YALE STUDENT.