2009.04.15 DRAIN THE BANKS - REV 006

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TheRumpledOne
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Postby TheRumpledOne » Mon May 25, 2009 10:48 pm

I just tested it and it seems to work fine.

The indicator uses BID for shorts and ASK for longs.

I am not sure why it would trigger late.

YOU HAVE TO POST A CHART SO I CAN SEE THE PROBLEM - I CAN'T FIX WHAT I CAN'T SEE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Tue May 26, 2009 2:00 am

Yes, if D1 and H1 agree, it is very risky to trade against it.

Ask Rev 7 questions in the Rev 7 thread. Thanks.

I don't use H4.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Shinobi-X » Fri May 29, 2009 1:51 am

Well...

I've come here again to tell the progress of my trading. It's still on the track and I'm on the green for 199 pips this week with only 5 trades. not much, but it's ok. 3 zz tends to mark the extreme levels so it won't work that well during a trending / breakout phase, that's for sure. My method primarily concentrates on taking pip using '3' as a signal and therefore, I have to let my position ride for sometime (or hours) and I have to restrict myself from potential trades using '1' or '2' -this is the downside of my method. If I followed yesterday's '1' on E/J and entered a position (going against my method), I would get killed because it moved hundreds of pips away from that point (if you followed E/J chart yesterday you will understand what I'm talking about because today's chart doesn't have the '1' that I'm talking about due to the fact that the price pushed the '1' very far that it now become '3').

So far I've managed to grab 980 pips with 100% accuracy (9 wins out of 9 trades, still a long way to go though) and I'm anxiously waiting for my breakout to the 1000 level. Frankly, I've never been able to break through that level before because I was previously a full-time scalper. For those who questioned the method DTB or its modification I have nothing but to testify that this thing REALLY WORK and IT'S WORKING GREAT. To those still learning how to trade, I urge you to concentrate on one pair until you get acquainted with it and then, only then, will you understand how the pair react (I believe TRO mentioned this somewhere on this forum) and the simple statistics of it. For the rest of the traders...enjoy your pips!

Have a great weekend!
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TheRumpledOne
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Postby TheRumpledOne » Fri May 29, 2009 3:58 am

"Should I wait for the signal "OK to buy / sell" to enter. "

Also, you enter long when RESISTANCE BREAKOUT or you enter short when SUPPORT BREAKOUT first appears. Don't be 20 pips late to the party.

The semafor is NOT the signal to enter a trade.

And, you do NOT have to "believe" in DTB. THIS IS TRADING, not "faith".
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby lukx » Sun May 31, 2009 8:49 pm

TRO, just to make sure this is what you mean when saying "enter when first breakout appears" are those first breakouts ?

Image

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TheRumpledOne
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Postby TheRumpledOne » Mon Jun 01, 2009 4:44 am

lukx:

Yes, the one at the top is a breakout.

Whenever you see the blue dot getting pushed down, that's a break out of support.
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Postby Shinobi-X » Fri Jun 05, 2009 12:43 am

It's been 4 weeks and I'm well beyond 1,000 pips (10,000 pips if you count the 5th digit). TRO is adding better and better gear for this DTB in rev.08. I have benefited much from rev.06 and I hope rev.08 will be able to boost my performance.

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

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Postby vladv » Fri Jun 05, 2009 9:34 am

Rev.08?? I want it,too! :)

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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 05, 2009 4:49 pm

You should be using Rev 007 now.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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vladv
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Postby vladv » Sat Jun 06, 2009 8:47 am

Of course I'm using Rev 007 NOW and I can say that is the best for me,TRO,that was a joke for Shinobi-X.....

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