sooner or later you will be right. this method involves scaling in when you see you are right.
I was in the AU version of those trades, although scalping for small gains cos I wasnt willing to step in front of the bus because there was no recent up momo to lead me to expect a large movement.
G.
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bredin
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lukx wrote:can someone also explain me this whole scaling in ? 1u , average , 2u , 4u.
I guess u are units so if my first entry is 100 units my second is 200 units right? But what is this average in between? SL ? or I enter again in this area with 100 units again?
http://kreslik.com/forums/viewtopic.php?p=44062#44062
MightyOne wrote:
Hi MO
I took a short after the first H4 momo into the weekly crash zone.
Knowing that many people here use rat entries, I want to know the logic behind them. My understanding is it is just price close up a little price goes down, price touches the low of the down bar, which doesnt really confirm direction like a momentum bar closing in the direction of profit.
So I am wondering if i'm missing the concept or it needs to be combined with something else? CC rat? fat cat rat? cc fat cat rat? lol
Also if i take the daily + extreme rat short at the beginning of the week, price will always be near the weekly extreme! so what confirmation do i have?
thanks
confused rat
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newark18
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Hey Lukx!
1. All of your questions are answered within this thread. If you want to learn this system, you have to make the effort to study each and every chart in this thread. No one is going to learn it but you.
2. Scaling in is one of the most important things about this system. You want to create a low risk high reward situation. The low risk comes in when you enter a trade using 1/4 or 1/2 position. So even if you have 50 to 100 pip SL, a stop out will not hurt. And you won't feel scared to enter at the next extreme. But as the trade goes in your direction, you increase your position which increases the potential of your reward.
3. Just try this: a) pick a direction (which way is the trend); b) wait for a correction; and c) rat into the trade. Now just hope it goes your way. I generally use H8 STF candle and D1 CC. That way, as MO says, I am using the daily+ extreme when I look at the CC's extreme.
I may be wrong about this but this is what I believe: BM is predicated on the belief that you don't know which way the market is going to go. But you have the ability to enter into a trade with low risk and high reward. So you can take chances. Sometimes you are wrong but sometimes you get that high reward. And in the end, the averages play out in your favor.
MO, feel free to correct me if I am wrong.
1. All of your questions are answered within this thread. If you want to learn this system, you have to make the effort to study each and every chart in this thread. No one is going to learn it but you.
2. Scaling in is one of the most important things about this system. You want to create a low risk high reward situation. The low risk comes in when you enter a trade using 1/4 or 1/2 position. So even if you have 50 to 100 pip SL, a stop out will not hurt. And you won't feel scared to enter at the next extreme. But as the trade goes in your direction, you increase your position which increases the potential of your reward.
3. Just try this: a) pick a direction (which way is the trend); b) wait for a correction; and c) rat into the trade. Now just hope it goes your way. I generally use H8 STF candle and D1 CC. That way, as MO says, I am using the daily+ extreme when I look at the CC's extreme.
I may be wrong about this but this is what I believe: BM is predicated on the belief that you don't know which way the market is going to go. But you have the ability to enter into a trade with low risk and high reward. So you can take chances. Sometimes you are wrong but sometimes you get that high reward. And in the end, the averages play out in your favor.
MO, feel free to correct me if I am wrong.
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