MightyOne wrote:Missed it while talking to other traders on GT but the stall was 20 pips from the daily high:
http://i40.tinypic.com/2d6qk4x.gif
What is GT?
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MightyOne wrote:Missed it while talking to other traders on GT but the stall was 20 pips from the daily high:
http://i40.tinypic.com/2d6qk4x.gif
Braathen wrote:Hehe yeah i wouldnt mind that either doji
Always nice to talk to people
But alas im afraid the most intelligent question coming out of my
mouth in a conversation like that would be "How are you today?" lol
We definitely crossed the weekly lowTheRumpledOne wrote:
Let's clear things up:
1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.
2) The "within 20 pips of the CURRENT daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.
Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!!
The important part is to enter WITHIN 20 pips of the CURRENT daily low. The RAT REVERSAL is only one entry method.
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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.