2009.05.23 DRAIN THE BANKS - REV 007

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Spikey
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Postby Spikey » Wed May 27, 2009 11:15 am

Heavenstorm wrote:sometimes the H1 current/previous candle has no semafor but the M15 shows a trigger ok to trade, do we still trade?



" 1) Only trade if there is a 1, 2 or 3 semafor on the current or previous H1 candle. NO EXCEPTIONS. "

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Heavenstorm
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Postby Heavenstorm » Wed May 27, 2009 11:41 am

Thanks Spikey

the problem i encounter is H1 show semafor but my M15 still says 'WAIT' even with the price hit the trigger mark so do I wait? or i trade at trigger point?

Spikey
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Postby Spikey » Wed May 27, 2009 1:05 pm

While your training wheels are on you should "wait" when it says wait. If you will demo trade this for at least several weeks you will get a better understanding of all the information on the screen.

Then you'll start to get a feel for what successful setups look like and which ones are too risky.

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lukx
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Postby lukx » Wed May 27, 2009 2:48 pm

TRO pretty please !!!! Make your 1h sema indycator so it can show 1h semas 123 on 15m charts. You told me that I could use doantion dashboard but it's eating a lot of memory and my mt is getting slloooow plus it doesn't show sema on previous 1h candle.

Heavenstorm
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Postby Heavenstorm » Wed May 27, 2009 4:28 pm

thanks spikey for your advice!

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Postby Heavenstorm » Wed May 27, 2009 4:30 pm

oh ya what if it says ok to trade but it has already pass the trigger point?

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TheRumpledOne
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Postby TheRumpledOne » Wed May 27, 2009 5:25 pm

Lukx: NO.
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.

madscalp
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Postby madscalp » Wed May 27, 2009 6:35 pm

Hi TRO
Congratulations for your site.
I'm new here and I'd like to know the meaning of the orange line on the chart ?
Could you post any trades today on cable ?
Thx

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TheRumpledOne
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Postby TheRumpledOne » Wed May 27, 2009 7:59 pm

What orange line? Post a chart so I can see what you see.

For the record, it is NOT my site. It is Michal Kreslik's site. That's why it is kreslik.com...LOL!
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.

Bushfella
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drain the banks

Postby Bushfella » Wed May 27, 2009 8:22 pm

Hi, I'm new at this so hope this is in the rightplace. Thank you Rumpledone for all your work. I loaded the "drain the banks rev 7" template into metatrader but it seems I need to add more indicators. I think I have found most but do not know which one provides the "semaphors". Can you direct me pleae. Many thanks, Bushfella

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