2009.11.05 DRAIN THE BANKS - REV 9
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first real trade using this method
only took 10 pips & as I post this it's gone up 40 pips quite quickly but hey, who cares. I very nearly didn't bother cos there wasn't much momentum just before entry but I need to do less thinking. This is a very simple method but for some reason I have been making it difficult for my self & I don't really know why. Thank you Avery.
only took 10 pips & as I post this it's gone up 40 pips quite quickly but hey, who cares. I very nearly didn't bother cos there wasn't much momentum just before entry but I need to do less thinking. This is a very simple method but for some reason I have been making it difficult for my self & I don't really know why. Thank you Avery.
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hay tro
just got a quick question, when trading the rat if he /she slips through the net past daily low fast, do we keep chasing the rat or do we move on??
do we just trade the rat inside that 20 pip zone, if it falls below just leave it??
made heavy losses chasing the rat today..
day 2 -20pips
GREEN RAT REVERSAL TRADE - ANY CHART PERIOD
1) price within 20 pips of the daily low - that is OPPORTUNITY
2) GREEN RAT REVERSAL TRADE - ANY CHART PERIOD
1) price within 20 pips of the daily low - that is OPPORTUNITY
2) red/black candle closes
3) green/white candle closes - note the high price of the green/white candle
is ther a prize or a lesson to be learnt??
cheers tro
just got a quick question, when trading the rat if he /she slips through the net past daily low fast, do we keep chasing the rat or do we move on??
do we just trade the rat inside that 20 pip zone, if it falls below just leave it??
made heavy losses chasing the rat today..
day 2 -20pips
GREEN RAT REVERSAL TRADE - ANY CHART PERIOD
1) price within 20 pips of the daily low - that is OPPORTUNITY
2) GREEN RAT REVERSAL TRADE - ANY CHART PERIOD
1) price within 20 pips of the daily low - that is OPPORTUNITY
2) red/black candle closes
3) green/white candle closes - note the high price of the green/white candle
is ther a prize or a lesson to be learnt??
cheers tro
- TheRumpledOne
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- TheRumpledOne
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jonisonvespa wrote:hay tro
just got a quick question, when trading the rat if he /she slips through the net past daily low fast, do we keep chasing the rat or do we move on??
do we just trade the rat inside that 20 pip zone, if it falls below just leave it??
made heavy losses chasing the rat today..
day 2 -20pips
GREEN RAT REVERSAL TRADE - ANY CHART PERIOD
1) price within 20 pips of the daily low - that is OPPORTUNITY
2) GREEN RAT REVERSAL TRADE - ANY CHART PERIOD
1) price within 20 pips of the daily low - that is OPPORTUNITY
2) red/black candle closes
3) green/white candle closes - note the high price of the green/white candle
is ther a prize or a lesson to be learnt??
cheers tro
I think I know what you mean as I saw it happen today. The new low was being made so the 20 pip box was being reformed as it went. We would need to wait till it reversed to go green at the 20 pips above the new low and H1 was green or if a rat trade to meet those conditions. But wait for Tro's confirmation of this.
- TheRumpledOne
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You do not have to wait for low + 20 to enter. That is just one trigger.
Any reason to enter when price is in the 20 pip zone is all you need. The trigger itself does not matter. It is a matter of LOCATION.
Any reason to enter when price is in the 20 pip zone is all you need. The trigger itself does not matter. It is a matter of LOCATION.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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