2009.11.05 DRAIN THE BANKS - REV 9

[TheRumpledOne]

[TheRumpledOne]

Tro could you please tell me if your recommended 10 pip SL includes the spread?

Todays results updated@ http://drainthebanks.wordpress.com/

The SPREAD has nothing to do with RISK and STOP LOSS.

You decide how much you are willing to lose per trade. That is your RISK.

Once you lose that amount, you pull the plug on the trade.

IT IS THAT SIMPLE.

[gangsta1]

"The only problem with the Rat Race is, whether you WIN or LOSE, you are still a RAT"

[gangsta1]

If someone is a green rat one day, can they change to a red rat the next day? Or do they ALWAYS have to be a green rat, even if price is below the weekly open and not 100 pips away (therefore untradeable to a green rat). Are the sides we choose permanent?

[TheRumpledOne]

You are either a red rat, a green rat or a Yale student.

If you do not know which one you are, you are a Yale student.

If you think you can change, you are a Yale student.

[PINKPANTHER5]

Why not just trade inside bars??

[TheRumpledOne]

Why not just trade inside bars??

Not sure what you are asking?

The RAT can be applied to any entry trigger. Green rats always go long. Red rats always go short. No one knows what a Yale student may or may not do.

[gangsta1]

TRO,

When trading reversals on the m15 chart I understand not to trade on breakout bars. However does this just apply to the m15 chart breaking out or should reversals not be taken on the m15 if the h1 is also breaking it? This applies to the classic DTB reversal.

Also I had someone post on my blog claiming that your real name is Mark Crisp lol! They also stated that the rat is based on a trade called fading the gap.

[TheRumpledOne]

TRADE WHAT YOU SEE.

If you are trading on M15 then trade accordingly.

I am not Mark Crisp...LOL!

"Rat reversals" have nothing to do with FADING THE GAP.

You shouldn't let Yale students post on your blog unless you are a Yale student.

[topedge]

Hi TRO,
I was in the room today and have several questions which I thought would be better posted here in case others would benefit as well. First thanks for your help in trying to help me. My questions are:
1) I have downloaded the zip files and have the tpl running on GBP. I have the Gold sweetzone which is pretty cool. On the DTB Rev 9, which indicators should I have on?
2) In the room shortly after I was IM'g you about asking questions, you spoke out loud and I thought you said 'an inside bar' on the GBP. Did this preclude the up move and if so, what time frame were you watching? You appear to have charts on candles, so were you referring to a bullish engulfing candle?
Thanks again,
Scott