Many times a rat reversal setup on M5 will be against the H1 candle color especially if a new low was made that hour.
I do not wait for price to return to entry point.
2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- TheRumpledOne
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TRO, if you see multiple green rat reversals setting up on different pairs, would you trade more than one pair at a time? EDIT-NEVERMIND I found the answer on page 38 of this thread:
"Trade until you hit you daily goal or loss limit then quit.
I usually only trade ONE PAIR at a time."
What I would like to know though is; if for example the EJ and GU were both setup for rat reversals 20 pips from the daily low and you took the EJ for a loss. Would you then wait for the EJ rat reversal to setup again rather than continue to monitor the GU aswell? E.g. When the opportunity arises on multiple pairs do you choose a pair and stick with it untill price reverses from the low of that pair?
"Trade until you hit you daily goal or loss limit then quit.
I usually only trade ONE PAIR at a time."
What I would like to know though is; if for example the EJ and GU were both setup for rat reversals 20 pips from the daily low and you took the EJ for a loss. Would you then wait for the EJ rat reversal to setup again rather than continue to monitor the GU aswell? E.g. When the opportunity arises on multiple pairs do you choose a pair and stick with it untill price reverses from the low of that pair?
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Hi Tro,
I would like to know which indicator is the one that draws the horizontal line which shows MidPoint, Weekly Low, Daily Low, Daily Open - 100 pips and Daily Open -ATR? Don't seem to see that on my chart. Thank you in advance.
That one is TR0_TRADE_LINES_OHM
I would like to know which indicator is the one that draws the horizontal line which shows MidPoint, Weekly Low, Daily Low, Daily Open - 100 pips and Daily Open -ATR? Don't seem to see that on my chart. Thank you in advance.
That one is TR0_TRADE_LINES_OHM
Genius is more often found in a cracked pot than in a whole one.
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