NEVER LOSE AGAIN!! TheRumpledOne

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OPPORTUNITY...
 
"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."
 
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I have explained the GREEN RAT REVERSAL before but I'll do it again:

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.
 
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"If you find a specific repeating pattern in the market, you can assume that it will happen with higher frequency in lower time frames." - H. Rearden
 
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RED RAT REVERSAL TRADE.

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

2) green candle closes

3) red candle closes - note the low price of the red candle.

4) enter short at the red candle's low price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

Notice the HiCL (high - close) column for the D1 and W1.
 
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Sometimes the rules can be bent and sometimes they can be broken.

Higher lows mean price is moving up. Normally one would not take the rat reversal this close to the top.

Of course, it is risky. Trading IS risky.
 
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Note the D1 HiCl ( high - close ). That is how many pips the price has moved away from the high of the day.

Think of this as a price "GPS" - it tells you EXACTLY where price is in relation to the daily open, daily high and daily low.
 
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Price has to "go somewhere". It doesn't want to stay in the 1.494x level.

It had to go to the 1.495x or 1.493x level.
 
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I showed you the OPPORTUNITY ahead of time.

Now I show you the RESULTS.

I have explained the RAT REVERSAL before but I'll do it again:

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.
 
sorry tro

to tro

please accept my humble opoligies, i am bowing my head as i write, your trading concept is spot on, and very very simple, im very sorry for my comments.

but as you must understand any budding trader in looking for the edge or holy grail becomes very fustrated.

i think the light has been turned on after learning your method.

i reccomend any new trader to contact tro direct, he has a chat room where he will teach you AFTER you have contacted him.
(well i think it works that way)

to any budding trader turn off every indicator do not every look at them again.

i wish you well tro and thank you for clearing my mind from all the rubbish.

im in the 1.9% club, one more step.

wish there were more people in the world like you.

thank you tro
 
to tro

please accept my humble opoligies, i am bowing my head as i write, your trading concept is spot on, and very very simple, im very sorry for my comments.

but as you must understand any budding trader in looking for the edge or holy grail becomes very fustrated.

i think the light has been turned on after learning your method.

i reccomend any new trader to contact tro direct, he has a chat room where he will teach you AFTER you have contacted him.
(well i think it works that way)

to any budding trader turn off every indicator do not every look at them again.

i wish you well tro and thank you for clearing my mind from all the rubbish.

im in the 1.9% club, one more step.

wish there were more people in the world like you.

thank you tro

You're welcome.

But no one has to contact me before they come into the free chat room. And for the record, I do NOT have a PAID CHAT ROOM.

We can always use more "pirates" to DRAIN THE BANKS!!
 
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