Price was within 20 pips of the current daily low and then moved higher.
No Branding - Like A Rat!!
- Thread starter TheRumpledOne
- Start date
Price was within 20 pips of the current daily low and then moved higher.
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1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY
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The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.
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Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.
THINK ABOUT IT!!
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MAXIMUM RISK = 2% * ACCOUNT BALANCE.
STOP LOSS = 10 PIPS. (INCLUDING SPREAD)
POSITION SIZE = RISK / STOP LOSS.
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1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.
2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
Price made another new low for the day.
More cheese for the green rat.
Hi MadMonk:
If the sell short trades were entered within 20 pips of the current daily high, then they are valid Red Rat trades.
The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
If the sell short trades were entered within 20 pips of the current daily high, then they are valid Red Rat trades.
The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
Green Rats get ready...
Time frame or chart period does not matter...
THE PRICE IS THE SAME ON ALL CHARTS!!
RED RAT OPPORTUNITY.
Let's clear things up:
1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.
2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS. THINK ABOUT IT!!
The important part is to enter WITHIN 20 pips of the daily high or daily low. The RAT REVERSAL is only one entry method.
Quote from TheRumpledOne:
RED RAT OPPORTUNITY.
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You are wrong here.
USDCHF will go over 0.8800 !!!
No reverse !!!