This article is based on observations and contributions by Robert in the room and the article is constructed from email conversations with him. Thanks Robert!
By Mike Wilt
I writing this to make sure there is clarity between the RRTies and RRT (Railroad Track) patterns I make reference to periodically in the oil trading room. I see people use the names interchangeably. RRTies is a multiple 10 tick pattern while RRT is a 2, 10 tick bar pattern. To me a RRTies pattern is a RRT pattern that did not work out. Continue reading