2009.09.10 DRAIN THE BANKS - LIKE A RAT

[cosmoe1]

+15 pips, gotta love it.

Cosmoe1

[TheRumpledOne]

"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden


1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

[zapzinig]

Weekly extreme, lower high on H1 ; next h1 candle M15 red rat with h1 candle color. 35 pips

[TheRumpledOne]

RESULTS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[zapzinig]

Weekly extreme, higher low on H1 ; next h1 candle M15 green rat with h1 candle color. 26 pips

[ForexChick]

Hello TRO,

What pairs do you recommend to trade after London close?

Thanks,
FC

[TheRumpledOne]

"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden


1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

[TheRumpledOne]

Hello TRO,

What pairs do you recommend to trade after London close?

Thanks,
FC

Any USD pairs.

[TheRumpledOne]

zapzinig:

Please post your template so others may follow along.

Thanks.

[TheRumpledOne]

RESULTS.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."