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TheRumpledOne
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Everything posted by TheRumpledOne
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RESULTS.
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OPPORTUNITY...
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RESULTS. Reversals come in one of two flavors, "V" shaped or "U" shaped. This was a "U" shaped.
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The first 2 green rat reversals were losing entries. Do you see a reason not to enter those trades? Hints: There are at least 2 reasons. Use your eyes to see - do not think about it.
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OPPORTUNITY...
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RESULTS.
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OPPORTUNITY...
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RESULTS. GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.
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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. 3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.
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Results.
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OPPORTUNITY...
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RESULT.
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OPPORTUNITY...
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RESULT.
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OPPORTUNITY...
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And again...
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ENCORE PERFORMANCE.
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RESULT.
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RESULT
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OPPORTUNITY...
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In this case, the M5 candle was green at low + 20. The GREEN RAT BUS was leaving the station.
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OPPORTUNITY...
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ClOp is Close - Open or how far up/down is the price from the open right now. HiOp is High - Open or how far UP did price move away from the open today. OpLo is Open - Low or how far DOWN did price move away from the open today. Today is one for the record books.
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RESULTS. Do you like this chart better than the other one?
