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Getting Moved In

Posted: Wed Jun 20, 2012 7:43 pm
by TheRumpledOne
Getting Moved In


Image

As many of you may know, I have moved back to my ranch. At the moment, I don't have 24/7 internet access due to the rural location. This will change my trading style. I will use the DAILY RAT and look for entry opportunities at/near the weekly open price and at/near the weekly ATR zones. I can set and forget these trades.

There are videos of the ranch on my YouTube channel. I'll be making a video on my new trading style soon.

In the chart above, the EURJPY had a RAT REVERSAL setup on the daily chart AND the entry was near the weekly open price. This is an example of the trades I will be doing.

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Posted: Fri Jun 22, 2012 3:03 am
by MightyOne
You don't even need a computer...

For years I just called my broker 3 times a day and used: graph paper, pen, ruler, and a phone as my trading tools.

I would like to move to the boondocks myself & just live off the land, piss in the wind, etc etc

SOMEDAY ;)

Posted: Sat Jun 23, 2012 1:39 am
by Relativity
=)))))))))))

Posted: Sat Jun 23, 2012 7:02 am
by newscalper
Daily rat. Hmm. Nice.

One thing I've always wondered about. Does the daily rat, to be valid, have to occur in the current week? Or can it occur last week (i.e. Thursday and Friday) for a Monday breakout trade?.

How are you managing take profit if you are away from the PC? Trailing under hourly candles or something else: set TP etc?