PeterBerregi wrote:forexjpn wrote:I believe a rat trade is to buy/sell the break of the reversal candle at a new high or low.
A reversal candle within 20 pips of the high or low is also valid for entry.
Thanks forexjpn, really appreciate the response.
Do you have any posts that you refer to that also provide some examples?
I found this post from bettlebox https://www.kreslik.com/forums/post77660#p77660 that looks like what you're describing. Is bb referring to a rat trade here using "dots" to illustrate it?
Thanks for your help.
My boring daily log
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Re: My boring daily log
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"
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Re: My boring daily log
PeterBerregi wrote:
Do you have any posts that you refer to that also provide some examples?
I found this post from bettlebox https://www.kreslik.com/forums/post77660#p77660 that looks like what you're describing. Is bb referring to a rat trade here using "dots" to illustrate it?
Thanks for your help.
Re:bettlebox link..... No, don't think he's explaining a rat trade there
Here's a thread on rat trades:
therumpledone/2009-09-10-drain-the-banks-like-a-rat-t2095
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Re: My boring daily log
Thanks forexjpn and salezyakuku. Much appreciated.
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Re: My boring daily log
Would anyone have the mightyzone indicator that has floated around this place? V8 used the phrase that he used it like training wheels and I was wondering if I could take a look and see if I see anything new. Thank you.
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Re: My boring daily log
Libertarian wrote:Would anyone have the mightyzone indicator that has floated around this place? V8 used the phrase that he used it like training wheels and I was wondering if I could take a look and see if I see anything new. Thank you.
Hi Libertarian.
I am sure there are others out there but I am currently using Blubbb's. You can find it and a whole lot of other goodies here: https://www.kreslik.com/forums/beginners-forum/blubbb-s-free-indicator-and-expert-advisor-thread-t1885
No doubt it is also somewhere amongst TRO's donational indicators, but I don't know which year. I have subscribed to them for the last few years, but I think it predates when I started.
Hope that helps
PB
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Re: My boring daily log
PeterBerregi wrote:Libertarian wrote:Would anyone have the mightyzone indicator that has floated around this place? V8 used the phrase that he used it like training wheels and I was wondering if I could take a look and see if I see anything new. Thank you.
Hi Libertarian.
I am sure there are others out there but I am currently using Blubbb's. You can find it and a whole lot of other goodies here: https://www.kreslik.com/forums/beginners-forum/blubbb-s-free-indicator-and-expert-advisor-thread-t1885
No doubt it is also somewhere amongst TRO's donational indicators, but I don't know which year. I have subscribed to them for the last few years, but I think it predates when I started.
Hope that helps
PB
PB, you are the fukin man! Thanks.
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Re: My boring daily log
If V8 is watching
Could you tell me more about the no trade zones you are referring to below in the quote from one of your posts? Or where I should look to read up more on this? Is this MOMO, retrace, return to the high/close over the high and close under the high?
"Crash zone is just one part of my trading. I mostly use 4hr momo bars mighty zone style or no trade zones (where price fails to close past a momo extreme, that's what I used for my entry on the cad/jpy trade). Also with those longer trades I will sometimes lock in some profit. If I get enough movement (21 day atr) before NY close I will take profit and look either for a price retrace or next best chance to get in."
Could you tell me more about the no trade zones you are referring to below in the quote from one of your posts? Or where I should look to read up more on this? Is this MOMO, retrace, return to the high/close over the high and close under the high?
"Crash zone is just one part of my trading. I mostly use 4hr momo bars mighty zone style or no trade zones (where price fails to close past a momo extreme, that's what I used for my entry on the cad/jpy trade). Also with those longer trades I will sometimes lock in some profit. If I get enough movement (21 day atr) before NY close I will take profit and look either for a price retrace or next best chance to get in."
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Re: My boring daily log
Good job V8 - another space traveling beast! I have a V10 and been lifting solid for 27 years! Now to work on my manual trading...
Re: My boring daily log
I think V8 might still be trying to recuperate from his last alcohol induced rant.
Libertarian wrote:If V8 is watching
Could you tell me more about the no trade zones you are referring to below in the quote from one of your posts? Or where I should look to read up more on this? Is this MOMO, retrace, return to the high/close over the high and close under the high?
"Crash zone is just one part of my trading. I mostly use 4hr momo bars mighty zone style or no trade zones (where price fails to close past a momo extreme, that's what I used for my entry on the cad/jpy trade). Also with those longer trades I will sometimes lock in some profit. If I get enough movement (21 day atr) before NY close I will take profit and look either for a price retrace or next best chance to get in."
Re: My boring daily log
John S. wrote:I think V8 might still be trying to recuperate from his last alcohol induced rant.Libertarian wrote:If V8 is watching
Could you tell me more about the no trade zones you are referring to below in the quote from one of your posts? Or where I should look to read up more on this? Is this MOMO, retrace, return to the high/close over the high and close under the high?
"Crash zone is just one part of my trading. I mostly use 4hr momo bars mighty zone style or no trade zones (where price fails to close past a momo extreme, that's what I used for my entry on the cad/jpy trade). Also with those longer trades I will sometimes lock in some profit. If I get enough movement (21 day atr) before NY close I will take profit and look either for a price retrace or next best chance to get in."
Ha story of my life
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