Draining the Banks-2013

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JoeTRoscoe
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Draining the Banks-2013

Postby JoeTRoscoe » Tue Jun 11, 2013 7:04 am

After lurking at FF for awhile and understanding the semaphor, I have looked at TRO and his rat trading. I will be trading nano lots and using this system in real time. I will be using the template exactly as designed, and truly trade like a rat. Wish me luck.

Joe

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Postby JoeTRoscoe » Tue Jun 11, 2013 7:13 am

I have the template on idiot mode with training wheels. Nzdusd, Audusd, and eurusd all gave semaphors this hour. All say, DO NOT REVERSE, and so, we will do nothing.

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Postby JoeTRoscoe » Tue Jun 11, 2013 7:49 am

Eurjpy L2 green semaphor. DTB warns...DO NOT REVERSE.

Standing aside.

Trading is waiting.

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Postby newscalper » Tue Jun 11, 2013 8:17 am

If the semafor appeared this hour it will always say do not reverse because for the semafor to appear it must be a breakout so you trade in the direction of the break out and not a reversal

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Postby JoeTRoscoe » Tue Jun 11, 2013 8:21 am

We are doing RAT trading, which is not breakout trading. What I can see is that if a down semafor appears and H1 and D1 is also down, we do not take a green rat trade. My guess is that we need to wait for a up semaphor in the context of a down bias to take the red rat trade. I am going to do exactly what to software tells me. I am not from Yale. I will do what I am told, exactly.

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Postby newscalper » Tue Jun 11, 2013 8:25 am

OK. Rat and DTB are different. No sema required for the rat.

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Postby JoeTRoscoe » Tue Jun 11, 2013 8:36 am

According to RAT rules, we must have a sema on the one hour chart to consider a trade. Then we switch to 15 min to enter, stop loss ten pips, take profit using exit playbook.

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Postby newscalper » Tue Jun 11, 2013 9:19 am

That sounds like Drain The Banks, not the rat. Rat is simply taking an m5 bar breakout from the daily high or low.

Whatever, anyway, be better if you post charts to go with your commentarys. Welcome to Kreslik btw :)

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Postby JoeTRoscoe » Wed Jun 12, 2013 5:26 am

Thanks. I don't have anything to post yet. Markets are trending, and for the sake of clarification, you are right, I am using DTB. I have to learn to take screenshots from mt4. I am not one of you young whippersnappers, lol.

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Postby JoeTRoscoe » Wed Jun 12, 2013 6:12 am

testing a picture upload. I like it here. Nice and quiet.

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