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I am not sure of how Big Mike and the rest of the Admins feel about links to other sites being posted so I am not posting it. Some people are just looking for any reason to have me banned.
Ok I reread his explanation (439 I think) and I study your chart. When price makes a high of day, you short when the candle crosses below the line. But where is the line drawn??
No, I did not take any RAT TRADES today...... but as you can see there were 4 of them...three shorts (Red rats) and one long (green rat) All worked !!!!!
If you look on the right hand side, the indicator with YELLOW headings shows the high - open and the open - low. This tells me how far price moved away from the open. When price movement hits a threshold amount, it is highlighted in RED.
The indicator with BLUE headings shows the high - close and the close - low. This tells me where price is NOW.
After an extreme is reached, I look for price to reverse, and take the trade. Once again, a long entry within 20 pips of the daily low, is usually profitable.
