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Everything posted by TheRumpledOne
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"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
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RESULTS. USDCAD price was 1.0235 when gauge was posted. Price reached 1.0247 BEFORE reversing and making a new low. This means another trade can be placed today.
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I became an IB for EFX GROUP before they merged with MB Trading. They offered me the IB as a "thank you" because I was telling the world there is NO FIXED SPREAD in Forex after I learned about the FIXED SPREAD BANDITS (brokers). I don't have a reason to say "no". I send out donational indicators as a "thank you" because some people show their appreciation for what I do by sending me donations. What do your questions have to do with trading? They are a not so veiled attempt at character assassination. "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."
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"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. 7) If the rules do not mention it, then it is of no concern.
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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. 7) If the rules do not mention it, then it is of no concern.
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1) Price within 20 pips of the daily low - that is OPPORTUNITY
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"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 DO YOU SEE IT?
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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. 7) If the rules do not mention it, then it is of no concern.
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1) Price within 20 pips of the daily low - that is OPPORTUNITY
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MORE RESULTS. Q) How do you know price won't go lower? A) I don't. But when the day ends, the CURRENT daily low will be the low of the day.
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RESULTS. "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
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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. 7) If the rules do not mention it, then it is of no concern.
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MORE RESULTS. 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. 7) If the rules do not mention it, then it is of no concern.
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Entry at low + 20 pips ( 1.0392 ), gave an opportunity to make 10 quick pips.
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1) Price within 20 pips of the daily low - that is OPPORTUNITY
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RESULTS. "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
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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. 7) If the rules do not mention it, then it is of no concern.
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RESULTS
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"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
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RESULTS
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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. 7) If the rules do not mention it, then it is of no concern.
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RESULTS.
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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. 7) If the rules do not mention it, then it is of no concern.
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DRAIN THE BANKS - LIKE A RAT 1) Price within 20 pips of the daily low - that is OPPORTUNITY 2) Red candle closes 3) Ggreen candle closes - note the high price of the green candle. 4) Eenter long at the green candle's high price 5) STOP LOSS IS 10 PIPS 6) Take whatever profit you can. 7) If the rules do not mention it, then it is of no concern. After getting many, many (Yale student type) questions, I have added rule #7.
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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.