DRAIN THE BANKS

[imrtl]

another day another 10 pips in the 6b. This is so simple, I can't believe I wasted all those years with crazy indicators everywhere.

thanks TRO, your stuff is great.

[TheRumpledOne]

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

[TheRumpledOne]

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."

[TheRumpledOne]

another day another 10 pips in the 6b. This is so simple, I can't believe I wasted all those years with crazy indicators everywhere.

thanks TRO, your stuff is great.

Nice trading!!

[TheRumpledOne]

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

[TheRumpledOne]

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

[TheRumpledOne]

“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

[TheRumpledOne]

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."

[imrtl]

Made 20 pips from GBPUSD 2 trades ( 10 each ) , and 10 pips USDCAD ( 1 trade ) today. It is pretty simple, simply amazing.

It's hard to believe that it really this simple. Of course I have had a couple losing trades along the way, but hey I am still practicing. And there is no such thing as 100% winners. My biggest problem is acting when I see it, instead of hesitating and thinking about it. Gotta keep those emotions in check.

have a great day!!!

[TheRumpledOne]

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