Drain The Banks Doubt

trading strategies and money management discussion, code, results

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havoxx
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Drain The Banks Doubt

Postby havoxx » Mon Oct 26, 2009 10:46 pm

I was trying the DTB strategy when this happen.

There was a semafor on the H1 chart, there was a semafor on the 15 M chart too then i waited for the ok to buy signal, i went long, price went against me, waited a bar, long again, next bar long again. In total there was 12 bars against me, totaling 70 pips and there were som bars before that probably i should enter but didn't because i wasn't viewing the pair at the time.

I first entered at 0.91655
I wanted to know what i did wrong.
Thanks
I have the screens here.

Image
M15

Image
H1

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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 27, 2009 5:11 am

According to your charts, the H1 bias was SHORT.

Rule of thumb #1 is to NEVER TRADE AGAINST THE H1 CANDLE COLOR.

Why aren't you use the DRAIN THE BANKS template?

When you CHANGE THINGS DO NOT EXPECT THE SAME RESULTS!!
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.


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