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2012.07.05 DAILY RAT REPORT
Posted: Thu Jul 05, 2012 3:51 pm
by TheRumpledOne
2012.07.05 DAILY RAT REPORT
USDCHF had the RAT REVERSAL setup. Once price broke through the ATR ZONE, it was time to move the stop up and protect profit.
PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
Hello TRO
Posted: Sat Jul 07, 2012 7:04 am
by Jihhn
I am a bit confused.
i dont know where to ask my questions....
Does the "buy the Zone" strategy still work ?
because i am trying to master it.
But now it seems to me that you are most concerned with "the rat reversal" strategy.
I like the Buy the Zone strategy for its simplicity.
which strategy should i try to master first ?
Posted: Tue Jul 10, 2012 4:13 am
by frang0nve
Hello Jijhhn:
TRO answered this question here:
http://kreslik.com/forums/viewtopic.php?t=3359
and here:
http://kreslik.com/forums/viewtopic.php?t=3361
If I understood well, he's waiting for a daily rat reversal setup to happen at/close to the weekly open.
Then he enters using the BUYZONE at/near the daily and/or weekly open.
He explain his exits here:
http://kreslik.com/forums/viewtopic.php?t=3366
The previous week's low, was a potential target or area to move the stop once penetrated.
Another exit option is explained here:
http://kreslik.com/forums/viewtopic.php?t=3363Once price broke through the ATR ZONE, it was time to move the stop up and protect profit.
Cheers
Francisco
Posted: Tue Jul 10, 2012 1:28 pm
by TheRumpledOne
Thanks Francisco.
Posted: Tue Jul 10, 2012 4:28 pm
by frang0nve
You are welcome TRO!
Today I entered my first daily rat trade:
EURJPY Opened on Sunday at 97.575 forming a bullish daily candle.
Monday candle was bearish with a low close to weekly open:97.638
I sent a sell short order 4 pips below yesterday low: 97.598
SL 10 pips: 97.738
TP weekly Low: 97.434
My order was taken but a 15 pips rally stopped me out; after this, the TP was reached...
Cheers
Francisco
Posted: Wed Jul 18, 2012 1:46 am
by TheRumpledOne
"I sent a sell short order 4 pips below yesterday low: 97.598 "
What was the reason you used yesterday's low rather than using the buyzone short trigger on the daily candle?
Posted: Wed Jul 18, 2012 2:26 am
by frang0nve
Hi TRO,
In this chart:
(EURJPY- Monday 2012.07.09)
Low:97.638
Close:97.641
(EURJPY- Tuesday 2012.07.10)
Open:97.638
At that moment, yesterday's Low was the same level than today's open, and my understanding is that the buyzone short trigger is open - 4 pips.
Cheers
Francisco
Posted: Wed Jul 18, 2012 6:48 am
by TheRumpledOne
OK.. thanks
Posted: Mon Mar 17, 2014 9:14 am
by lerbon123
EURJPY Opened on Sunday at 97.575 forming a bullish daily candle.
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