2009.04.15 DRAIN THE BANKS - REV 006

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Shinobi-X
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Postby Shinobi-X » Fri May 22, 2009 4:02 am

This whole week has been a range trading mostly (from H1 standpoint) thanks to DTB I'm in green again. I was worried that the yellow icon (on 04:00 5/20/09 Alpari UK MT4 time) would move lower as price moved closer. but the fact remained that it was a strong level.

It's been 2 weeks now and it generated 781 pips (only 3 trades during this week and 1 trade last week). I trade exclusively from the 3 ZZ though (part of the DTB system). I rested my previous M1 method during these 2 weeks, probably will resume soon as I am trying to find out the best way to incorporate the two (if it's possible).

almost weekend...time to rejuvenate.

Have a great weekend.
The gap between reality and dream is called action.

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cashdaily
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Postby cashdaily » Fri May 22, 2009 6:25 am

Could you post your chart...may be we can learn together...thanks.

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Shinobi-X
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Postby Shinobi-X » Fri May 22, 2009 7:15 am

@cashdaily

I did put up my chart, turn back to page 14.

...or just open your e/j chart (I don't care what broker you use, the yellow icon would still appear at the same spot anyway plus minus 7 pips at most) and see the last four yellow icons. for each case, I entered several hours after I confirmed that the level was strong enough. I got out from my last trade when the price hit my TP level before it finally formed the last yellow icon several hours ago (note that the last yellow icon you now see on your chart first appeared 6 bars before current bar or 5 bars before the current yellow icon).

but before engaging my current method, I have to unlearn everything I've learned so far (from books, forums etc.)-which was hard to do. I've studied the chart, learned the behavior, do some forward testing and finally I arrived at this level. uhm, and I also try not to have any doubt when I'm in the market-crucial, very crucial. you can find the rest of what I did back in page 13 and 14.

Have a great weekend...
The gap between reality and dream is called action.

cashdaily
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Postby cashdaily » Fri May 22, 2009 9:59 am

Thanks for your chart. Im sorry for that.

john225
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Postby john225 » Fri May 22, 2009 2:53 pm

What is the HitRate of winning trades of the DTB system?

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rowdy
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Postby rowdy » Fri May 22, 2009 10:41 pm

john225 wrote:What is the HitRate of winning trades of the DTB system?


That is a very difficult question to answer considering that people trade this in a number of different ways. Also people here have varying levels of trading ability. I will tell you that I am an idiot but since I started to get good at this, I have yet to have a day when I didnt end up in the plus column and I can only trade part time. I would guesstimate that my hitrate is about 80%. Now if I am an idiot, you can imagine what the hitrate is for the pros. Also, the pros trade full time so they get even more opportunities. No doubt DTB is a very profitable system and it definitely works for me.
All I need is Supply and Demand

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Postby lisyah » Sat May 23, 2009 2:15 pm

john225 wrote:What is the HitRate of winning trades of the DTB system?


The idea of success is different in each individual. It is up to you to determine the criteria for a successful trade. Success for me is when I reach a particular pip profit for a month. ^_^

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TheRumpledOne
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Postby TheRumpledOne » Sat May 23, 2009 6:12 pm

Look for Rev 7!!
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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rowdy
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Postby rowdy » Sat May 23, 2009 6:20 pm

TheRumpledOne wrote:Look for Rev 7!!


Outstanding. I cant wait.

It is hard to imagine anything better than Rev 6.

Thanks TRO.

I hope you have a great vacation in Mexico.
All I need is Supply and Demand

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TheRumpledOne
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Postby TheRumpledOne » Sat May 23, 2009 6:45 pm

Some people were complaining that they didn't know when to trade the breakout or the reversal. The new TRO_MM_BO indicator should help them.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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