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================================================================ FOREX EXIT PLAY BOOK PLAN "A" +PIPS 20 WAIT 19 WAIT 18 WAIT 17 WAIT 16 SET STOP: ENTRY + 10 15 WAIT 14 WAIT 13 WAIT 12 WAIT 11 WAIT 10 SET STOP: ENTRY + 5 9 WAIT 8 WAIT 7 WAIT 6 WAIT 5 SET STOP: ENTRY + 3...

Care to elaborate?

This is the AUDUSD.

This should make it easier to understand. There is a frequency distribution of the upper and lower daily wick sizes. There is a histogram of the wick sizes.

You must first learn to capture the small pips BEFORE you go after the larger pips. You need an EXIT PLAY BOOK. What do you do at: + 1 pip - wait + 2 pips - wait + 3 pips - move stop to break even + 4 pips - wait + 5pips - move stop to entry + 2 etc.... up to 20 pips or...

<--------------------------------------------------------------------> 1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY <--------------------------------------------------------------------> PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING...

============================================= GREEN RAT REVERSAL TRADE 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...

"Now, 2 patterns of market behavior happen on a regular basis... ============================================ PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

============================================= "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...

Price is 39 pips above the current daily low.

Quote from atticus: C'mon man. You're on dozens of boards hawking some new system with no exit parameters. It's a joke.

No, I am not Jack's cousin. I don't know when they occur either. But I do know that sooner or later the current daily low will be the low of the day and I am happy and profitable taking my chances.

Did you see the charts I posted of AUDUSD today? A chart was posted when the price was within 20 pips of the daily low and was followed by a chart when the price was over 50 pips above the daily low. It should be obvious that this can be profitable. Atticus, if you are a profitable...

Atticus, please keep your replies civilized. No need to use offensive language. The only claim made here is that the daily wicks are usually larger than 20 pips. That has been shown with a frequency distribution of wick sizes. Therefore, entering trades within 20 pips of the daily low or...

"An ad hominem attack against an intellectual, not against an idea, is highly flattering. It indicates that the person does not have anything intelligent to say about your message." - Nassim Nicholas Taleb "The Black Swan" P-297 Atticus you are exaggerating. I am not hawking anything...

<--------------------------------------------------------------------> The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method. <--------------------------------------------------------------------> Trading is GUESSING. If it wasn't, you...

========================= ==================== "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...

"I am not forcing you to accept my concepts. I only request the traders to review the market from time to time keeping in mind my concepts and if found suitable use in the trades or just ignore. Thanks for your opinion." - Dr. S. Sivaraman

Not sure where you got the 400 number. The only forex trades I make are based on RAT REVERSALS or BUY ZONES. Yes, each trader should have their own EXIT PLAY BOOK to know exactly when to exit.

The opposite is true - you trade when you have a statistical edge. That is what DRAIN THE BANKS - LIKE A RAT is based on. When you trade within 20 pips of the CURRENT daily low on certain pairs, price is more likely to close 20 pips or more above the ACTUAL daily low than not. A few...