Mr. D's Humble Quest in the Wick Land

[Mr. D]

Once again about Z-lines from the Master himself,

post35647#p35647

[Mr. D]

Words of wisdom to beginners from MO,

post38256#p38256

[Mr. D]

'Morning!

Novices often ask where to start? MO gives a plan,

post38845#p38845

[Mr. D]

MightyOne has always been a fan of Rat trading. Here are basic rules:

TRADING IS SIMPLE:

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.


GREEN RAT REVERSAL - LONG ENTRY CRITERIA:
1) RED CANDLE CLOSES
2) GREEN CANDLE CLOSES
3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG.
STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA:
1) GREEN CANDLE CLOSES
2) RED CANDLE CLOSES
3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT.
STOP LOSS IS ALWAYS 10 PIPS.


Price within 20 pips of the daily low (ClLo < 20) or daily high (HiCl < 20 ) - that is OPPORTUNITY

[LeMercenaire]

MightyOne has always been a fan of Rat trading. Here are basic rules:

TRADING IS SIMPLE:

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.


GREEN RAT REVERSAL - LONG ENTRY CRITERIA:
1) RED CANDLE CLOSES
2) GREEN CANDLE CLOSES
3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG.
STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA:
1) GREEN CANDLE CLOSES
2) RED CANDLE CLOSES
3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT.
STOP LOSS IS ALWAYS 10 PIPS.


Price within 20 pips of the daily low (ClLo < 20) or daily high (HiCl < 20 ) - that is OPPORTUNITY

Perfect RAT run on the DAX this morning. Long. I love RATs!

[Mr. D]

Trading plan plan from MO in 2010,

post40242?sid=6dd1cd41d8f920b69f73730277779fa3#p40242

[Mr. D]

MO's advice to a beginner,

post41661#p41661

[Mr. D]

Que Sera, Sera (a bit about your average entry line),

post41683#p41683

[Mr. D]

MO was "not here to save mankind from collection agencies but to simply point the way to prosperity",

post41749#p41749

[Mr. D]

Five Stages Of Trading Grief

post43963

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