TRADING IS SIMPLE ... (TheRumpledOne)
- Thread starter TheRumpledOne
- Start date
any particular reasons that you have a skull and bones just before "drain the banks" ?
Take the trade in the direction price leaving the daily wick zones.
Of course, trade with the H1 and D1 candle colors.
We call ourselves FOREX PIRATES.
Take the trade in the direction price leaving the daily wick zones.
Of course, trade with the H1 and D1 candle colors.
TRO,
The rat reversal trade does not require you to go with any higher timeframe, correct? If I wanted to fade a daily high/low I would need a bar of the timeframe I am trading to close in the opposite direction (within X tics of the extreme) followed by the current bar breaking it's high/low. It might make sense to only be a green rat if we are above current weekly open, etc but the current daily and hourly would not matter if I were trading off the 5 minute?
Hope all is well for you.
FS
The rat reversal trade does not require you to go with any higher timeframe, correct? If I wanted to fade a daily high/low I would need a bar of the timeframe I am trading to close in the opposite direction (within X tics of the extreme) followed by the current bar breaking it's high/low. It might make sense to only be a green rat if we are above current weekly open, etc but the current daily and hourly would not matter if I were trading off the 5 minute?
Hope all is well for you.
FS
PRICE IS THE SAME ON ALL CHARTS!!
Changing time frames is just changing the data compression.
They say the devil is in the details, and I still don't understand how you profit on these. In your daily wick zone 4 video you show a trade that goes up 10 pips. But what about when price comes down in to the box and then pops back out (the wicks on the following candles). Those were biased to the upside would you take those too? If so, you would probably break even/lose on the day. If not, why wouldn't you?