2009.06.17 DRAIN THE BANKS REV 8

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canada888
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Postby canada888 » Fri Jul 10, 2009 5:29 pm

One thing may be helpful that I want to share with you guys.
I find that it is easier to scalp (reverse trade) when the market is ranging. So I open a 1H stochastics chart & a 3H stochastocs chart, if two directions are not the same plus the candles telling me the same thing, It is quite likely the price will be ranging.




I use (3_level_zz_semafor_dfsr.tpl) (created by TRO) to scalp


<MT4 is one hour ahead of my broker time, actually, this screen shot shows my last trade>



Practised my scalping skill using DTB this morning.
Target price for each trade is 15 pips.
I will post some step by step screen shots later. Right now
I need to do more testing on different strategies using DTB.
Last edited by canada888 on Fri Jul 10, 2009 6:41 pm, edited 4 times in total.

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Patch
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Postby Patch » Fri Jul 10, 2009 5:51 pm

pablo101

Where can I read about stopping volumn and what it is all about. and its significance. I am ignorant on this one.

If you didn't notice, these days US banks tick me off more than a little. jb
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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TheRumpledOne
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Postby TheRumpledOne » Fri Jul 10, 2009 7:01 pm

Patch... USE GOOGLE!!

Not to mention, I posted the STOPPING VOLUME link in the post where I posted the indicator.
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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Matteo
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Little index

Postby Matteo » Fri Jul 10, 2009 10:08 pm

Hi Patch... and others.

As I've been studying a lot on this forum last couple of weeks, here I report an index of the most useful threads for DTB I've found.
They are in chronological order...
Hoping this to be useful for other newbies like me:

- Anatomy of DTB
- 03.2009 The draining continues
- 04.2009 DTB rev 06
- 05.2009 DTB rev 07

Then about Volume:

- 06.2009 Volume Spread Analysis
- 06.2009 Stopping Volume

:wink:

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pablo101
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Postby pablo101 » Sat Jul 11, 2009 2:24 am

Patch wrote:pablo101

Where can I read about stopping volumn and what it is all about. and its significance. I am ignorant on this one.

If you didn't notice, these days US banks tick me off more than a little. jb


Why are you asking me about stopping volume patch? Sorry to hear about the banks affecting your life. A bunch of thieving rascals some of them.

Went to the two cents room last night and even more confused. Were they discussing TRO DTB or 3Clipz system? Not sure what is being traded or even how. Anyway back to drawing back, hopefully someone can help

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noone22
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Postby noone22 » Sat Jul 11, 2009 4:27 am

canada888 wrote:when the market is ranging


Could you give definition of "ranging"
and couple of examples of "ranging market", please.

And what is the opposite to it.

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pablo101
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Postby pablo101 » Sat Jul 11, 2009 4:54 am

noone22 wrote:
canada888 wrote:when the market is ranging


Could you give definition of "ranging"
and couple of examples of "ranging market", please.

And what is the opposite to it.


Hi, boths charts are eurusd. on the 8th is rangy on the 9th trend
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monolisa
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Postby monolisa » Sat Jul 11, 2009 5:13 am

Agree with you pablo101 (re 2c chat room). It's rather difficult to learn something in that kind of environment.

Wonder if sessions could be set up to teach the DTB and/or 3clipz methods...

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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TheRumpledOne
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Postby TheRumpledOne » Sat Jul 11, 2009 4:47 pm

If you have a question, ask it in the TWO PERCENT CLUB chat room.

Better if you have a mic, then I will hear you. If you type it, it may take a while for me to see it.

The room is "open" to talk about anything trading related instead of trying to force everyone to trade the exact same way.
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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monolisa
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Postby monolisa » Sun Jul 12, 2009 1:40 am

Thanks, TRO.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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