i am doing rats since may this year and i want to ask you if u would enter this marked trades in my photobucket.
i am asking because they look as normal entries, but because of them or similary looking ones) my monthly rat-working is gone in one day or two days LMAO.
Thank you so much!
"Let the price RANGE 100 - 200 pips, THEN look for the reversal... "
As far as H1 is concerned, when I trade against it, I am very fast to get out, being more cautious so to speak.
D1 candle is rarely green as I trade daily low ( this is what rat is all about ) and usually daily low is below the daily open. So if I catch the daily extremes, as RAT methods suggests, then it is obvious the D1 CANDLE will be red at that particular time. Then it can shoot up and become green candle leaving a wick on the chart.
I only trade when W1 Candle is up. ( I am a green rat )
1) price within 20 pips of the daily low - that is OPPORTUNITY
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) Green direction