2009.04.15 DRAIN THE BANKS - REV 006

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ahdrewforex
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Postby ahdrewforex » Tue Apr 21, 2009 2:34 am

Hi to all, does anyone knows how to bring back the Alarm Screen after I clicked on OK?

because after clicking this OK, it is gone (until the next alarm is available)... hhm....

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TheRumpledOne
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Postby TheRumpledOne » Tue Apr 21, 2009 3:19 am

"but still this attempt
is lacking 3 images for each example (giving only 1-2 from 5
required)."

What is the reason for 5 images?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Tue Apr 21, 2009 3:21 am

"As a result, different people will interpret this system differently,
even if they think, that they're following system rules 100% correctly."

The rules are the rules. I posted charts showing how to apply each rule.

Bottomline is this: SOME PEOPLE ARE DRAINING THE BANKS ON A REGULAR RECURRING BASIS. The question is why aren't you?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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ahdrewforex
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Postby ahdrewforex » Tue Apr 21, 2009 3:21 am

Thank you very much Avery. I received your great sharing of your precious indicators. Thanks :-) God Bless You.

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Postby noone22 » Tue Apr 21, 2009 11:30 am

TheRumpledOne wrote:What is the reason for 5 images?


The reason for 5 images is to view the whole picture in its dynamic:
trade from begining (even earlier) till its end (even later)
to avoid any alternative version, misunderstanding, etc.

Providing one static chart image of the trade is not (fully) enough.
It is similar to providing one static image of right turn
to a learner driver instead
of full 5-minutes video "How to perform right turn at busy traffic light".

TRO, don't forget, that there are lots of "traders" here
(myself including), who don't know what breakout or limit order
or other basic things are,
and what is obvious and goes without saying to you -
is absolutely unknown or not easily understandable to them.

If some people are trading from off support up till resistance -
isn't it something wrong with their understanding of the method,
but more importantly - isn't it something wrong with trading manual?
Last edited by noone22 on Tue Apr 21, 2009 11:46 am, edited 1 time in total.

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Postby noone22 » Tue Apr 21, 2009 11:38 am

TheRumpledOne wrote:Bottomline is this: SOME PEOPLE ARE DRAINING THE BANKS ON A REGULAR RECURRING BASIS. The question is why aren't you?


But there are much more struggling people,
who cannot interpret the rules and whole system correctly.

Note, I'm not asking for anything here.

All I'm trying to say - that set of rules supplied
is not comprehensive and doesn't describe the system
in full (with all its scenarious and exceptions), and
having one good training video or 5-images series
at least will stop most of the questions and misunderstanding
at once.

Why I'm not trading this system (yet)?
Because I'm doing one step at the time, and learning
your BuyZone system currently.

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TheRumpledOne
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Postby TheRumpledOne » Tue Apr 21, 2009 12:57 pm

"All I'm trying to say - that set of rules supplied
is not comprehensive and doesn't describe the system
in full (with all its scenarious and exceptions), and
having one good training video or 5-images series
at least will stop most of the questions and misunderstanding
at once. "

It would take a book to describe every twist and turn. I have presented the basic trade. I stand by the fact that some traders are using this profitably. Furthermore, you can come to the FREE www.paltalk.com chatroom called the two percent club. This is where you can listen to live trading. If you have trouble finding the two percent club, just pm me from PalTalk , therumpledone, and I will invite you in.


"If some people are trading from off support up till resistance -
isn't it something wrong with their understanding of the method,
but more importantly - isn't it something wrong with trading manual? "

NO, unless I misunderstood your statement.

If a trader enters at/near support and stays long until price meets resistance, they would have made a very profitable trade.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheGabriel » Tue Apr 21, 2009 4:28 pm

I think the major problem is that there's NO RULE for breakouts, others may find the system profitable every day just because they trade breakouts too or avoid them.

626mx
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Postby 626mx » Tue Apr 21, 2009 4:31 pm

Avery, thanks a million for this. I struggled at first now draining the bank is easy. I will say using a platform that you can 1 click trade is a must though. My take profits are 1/2 pip to 4 usually, all day long on EJ, my broker has EJ with a very low spread so that works fine for me. IF you watch a period 9 RSI, under 30 or over 70 then take the DTB its almost guaranteed pips. Too easy man, thanks.

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Postby TheGabriel » Tue Apr 21, 2009 4:58 pm

I'm glad others are making profits, i've found out that trading in range is risky for a very few pips while you can trade on breakouts ;)...it's hard to be consistend but for example today i made 50 pips easly.

I'm saying this because with the DTB i've made 5 trades in a row for 3-8 dollars each, but with the waiting the price to get back and enter on the next trailing rule the profits are gone with a big loss.

I think a good trader can't say if a system is better than another if he doesn't forgot what he has learned, if you take a newbie (3-6 months of trading) but make it follow the DTB rules I don't think it will be profitable.

A very good trader can trade without or with a few indicators so trading a system or another...it's the same.
Last edited by TheGabriel on Tue Apr 21, 2009 5:29 pm, edited 1 time in total.

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