DRAIN THE BANKS!! TheRumpledOne - page 5
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So basically (correct me if I'm wrong): You trade fractals on different timeframes - and attempt to confirm the smaller timeframe fractals with those of a higher timeframe. Have I missed anything?
Care of showing us some profit reports, avg. win\avg. loss?
When price crosses the WEEKLY OPEN, it some times does so with a vengeance.
So basically (correct me if I'm wrong): You trade fractals on different timeframes - and attempt to confirm the smaller timeframe fractals with those of a higher timeframe. Have I missed anything?Care of showing us some profit reports, avg. win\avg. loss?
You are incorrect. This has nothing to do with fractals. You sound like Yale material.
You can see the wins and losses on the charts. If you can't SEE them then you need to reread this thread.
SEE WHAT I MEAN?
Here is a perfect example of why the RAT beats the Yale students...
The Yale students would ANYALYZE and conclude, "PRICE IS TOO HIGH TO ENTER".
The RAT would simply execute a RAT REVERSAL at 1.6365 and take the cheese.
RED RAT
There is no need to be little the old professor of Yale here.
Some of us has been inspired by his contribution to this field,
and I tell you there is no regret.
If you do not understand what he is saying just give a different answer.
What the old man of Yale is saying is that rat may take
a quick bite because of greed without regard of the
trap behind the cheese.
Not all cheese are good, some could be posions, most times
rats don't care anyway, and we know how most of them
end up.......poisoned, some get trapped in real time with
their head right inside the tap.
You can eat any cheese you want in as far you are playing
with demo account.
Thanks anyway, I love your reply using rat as an
example! No offence buddy.
hey tro u are kool with those how can i download your template?
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."
______________
Remember what H. Rearden said:
"Now, 2 patterns of market behaviour 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)"
If price is NOT making a new low then it must be reversing from the low.
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."
OPPORTUNITY....