2009.05.23 DRAIN THE BANKS - REV 007

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Humble
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Postby Humble » Sat May 30, 2009 12:50 am

Congratulations Bushfella.

Although it may seem not to be very helpful at first, the answer to many questions is to just watch how it works. See how the market zig zags all day (be it mostly up or mostly down) and how DTB gets you in the trade. See how sometimes the prices moves without you and sometimes it comes back and gets you (Don't chase it).

As TRO always says, it's not what you trade it's how you trade it. But you can really only trade what you see. Of course it's nice when people give a few hints as they have on the page.

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wannabe21
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Which pair to focus on first?

Postby wannabe21 » Sat May 30, 2009 2:44 am

Another forex newbie here, and I'm already tired of giving my money to the banks. :cry:

So, I'm going to learn to drain the banks like a good pirate should. I opened a new MT4 demo account with MB Trading, and acquired the thanks-for-donating goodies from TheRumpledOne (thanks a million, TRO!!).

The 'idiot mode' tip was great. Are there any other DTB setting tips like that?

One common recommendation I read is that I should start out by just trading one pair. I'm open to suggestions as to which pair.

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TheRumpledOne
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Postby TheRumpledOne » Sat May 30, 2009 3:07 am

Which pair?

During London and NY sessions GBPUSD, EURUSD or USDJPY.

During Asian session USDJPY or EURJPY.
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.

Spikey
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Postby Spikey » Sat May 30, 2009 12:03 pm

The "Do Not Reverse" warning appears in Idiot Mode when the Support/Resistance lines are broken.

Believe me... even an "idiot" cannot miss it :)

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Postby A-GAME » Mon Jun 01, 2009 8:50 am

I must be an idiot because this is all extremely confusing?? I continually read how simple this system is however i am still unsure exactly when to make trades? Can somebody please post screen shots and instructions when preparing for a trade, exactly what triggers a trade, executing a trade and what the indicators mean? Sorry if it all seems so simple to you guys but i have been reading for two days and still havent got it? Im hanging to start using this system so any help would be much appreciated.

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Postby A-GAME » Mon Jun 01, 2009 8:58 am

And i still dont understand what the idiot mode ''DO NOT REVERSE'' sign is for? Yes yes i know, idiot lol...

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Postby john225 » Mon Jun 01, 2009 10:28 am

Better would be a video :)

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Postby A-GAME » Mon Jun 01, 2009 10:30 am

I agree that would be very helpful. Since adding the sound alerts i am up 20 pips from 3 trades so im definitely keen to learn more about this system. Its incredibly refreshing to get rid of the squiggly lines from my charts also lol.

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TheRumpledOne
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Postby TheRumpledOne » Mon Jun 01, 2009 11:24 am

Read the ANATOMY OF DRAINING THE BANK thread.
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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Postby A-GAME » Mon Jun 01, 2009 11:27 am

Thank you RumpledOne will do immediately...

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