Drain The Bank - Rev006

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

roshannaidu
rank: <50 posts
rank: <50 posts
Posts: 10
Joined: Sun May 17, 2009 1:20 am
Reputation: 0
Location: Durban
Real name: Roshan
Gender: Male

Drain The Bank - Rev006

Postby roshannaidu » Wed May 20, 2009 2:55 pm

Hi, from what I gather the 'drain the bank' strategy is primarily to trade the reversal.

How would one trade a breakout? or is this not advisable using this strategy.

Thanks

Roshan

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 15544
Joined: Sun May 14, 2006 9:31 pm
Reputation: 3035
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Wed May 20, 2009 4:31 pm

You trade the breakout when it first says, "BREAKOUT".
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 15544
Joined: Sun May 14, 2006 9:31 pm
Reputation: 3035
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu May 21, 2009 7:36 pm

Image

For those of you who "squiggle".

When the dynamic fibs sr plots dots outside the bolliners, a reversal usually happens.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

roshannaidu
rank: <50 posts
rank: <50 posts
Posts: 10
Joined: Sun May 17, 2009 1:20 am
Reputation: 0
Location: Durban
Real name: Roshan
Gender: Male

Breakout on DTB template

Postby roshannaidu » Thu May 21, 2009 8:05 pm

Hi, am I correct to say that that the other rules still apply ie.
1. check for semafor on 1H chart - current or previous candle
2. switch to M15 and trade breakout when 'BRREAKOUT' first appears.

Thanks TRO

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”