DRAIN THE BANKS!! TheRumpledOne - page 36
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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.
"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."
1) price within 20 pips of the daily low - that is OPPORTUNITY
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
“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. Rearde
1) price within 20 pips of the daily low - that is OPPORTUNITY
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.
"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."
1) price within 20 pips of the daily low - that is OPPORTUNITY
RESULTS.
Not every trade is a winner. The entry prior to the big run was a losing trade. By sticking with the method and taking the next entry, the loss was recovered and then some.
Search for "drain the banks rev 9"
Where ? In google or some other place?
1) price within 20 pips of the daily low - that is OPPORTUNITY
Where ? In google or some other place?
Forum rules prohibit me from posting links or even mentioning other sites.
Use your favorite search engine to surf the net.