2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- BambinoFlex
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Closed out with profit. Draining the banks. Saw the opportunity, was at the daily high around an hour ago. Usually reversal are a little earlier but took the chance with a 3 pip stop loss (high).
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"If you're wrong, guess what...thats TRADING"
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- BambinoFlex
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Another Money Making Trade. Three small losses on the 5 minute chart, saw this around 12pm central US time and it paid off.
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"If you're wrong, guess what...thats TRADING"
- BambinoFlex
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Started earlier today. Same concept, saw the opportunity, was willing to lose those few pips. Paid off. Using the SEMAS as Lemercenaire recommended. Looks like its working.
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"If you're wrong, guess what...thats TRADING"
- BambinoFlex
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
If you look at my two most recent posts. You'll notice that price BOUNCES off the previous day WICK ZONE. The yellow color is yesterday's wick.
1. Price TENDS to stay away from WICKS
2. This means that price TENDS to OPEN and CLOSE:
a. Within yesterdays body
b. Outside yesterdays wick area (zone).
With this information and the correct HL5 modifications, a sensible TP on the rat trades is achieved.
1. Price TENDS to stay away from WICKS
2. This means that price TENDS to OPEN and CLOSE:
a. Within yesterdays body
b. Outside yesterdays wick area (zone).
With this information and the correct HL5 modifications, a sensible TP on the rat trades is achieved.
"If you're wrong, guess what...thats TRADING"
- BambinoFlex
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Next on the list GBPAUD. GBPNZD is the same but the spread is about 2 pips more. For small stop losses, I don't feel comfortable.
Waiting....
Waiting....
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"If you're wrong, guess what...thats TRADING"
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Friends,
is this long long post all about the system $TRILLION STRATEGY?? or is another thing?
is this long long post all about the system $TRILLION STRATEGY?? or is another thing?
- BambinoFlex
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
polo0202 wrote:Friends,
is this long long post all about the system $TRILLION STRATEGY?? or is another thing?
Haven't heard of the trillion strategy but this is the rat reversal trade post.
"If you're wrong, guess what...thats TRADING"
- BambinoFlex
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Red Rats Getting Ready for late Lunch!
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"If you're wrong, guess what...thats TRADING"
- BambinoFlex
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
Almost....
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"If you're wrong, guess what...thats TRADING"
- BambinoFlex
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT
We're in. Didn't break the previous wick but that's at my discretion.
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"If you're wrong, guess what...thats TRADING"
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