2009.06.24 WHY 95% OF TRADERS LOSE PART III

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PTG
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Postby PTG » Sat Aug 01, 2009 12:55 am

10pipsman wrote:I am not from US, but MBTrading is only accepting checks as form of deposit?


No, you can wire money to them.
This is my new signature: "new signature".

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jacal1
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Postby jacal1 » Sat Aug 01, 2009 7:02 am

since discovering DTB my results and my discipline has turned around Im doing less and making higher daily percentages.

I'm now in the process of fine tuning my use of DTB even further as I still have habits but my pip takes are getting larger went from 20pip positions to 50-70 pips on H1 2 or 3 semafore and I trade only with the main trend If position returns and does not break I put in second or third position.

I'm still amazed everytime the semofore leads the way and my squigglys' follow (sorry again TRO) but i have success now this first month has been a whopping success as an example $200 gain $16 loss almost 9/1 ratio for two trade days.

Discipline and Diligence I have and now I have DTB and these forums I hope will find success. Scratch that "I will find success"!!

As always thank you! TRO

DTB!!
The fear of Jehovah is the beginning of knowledge, wisdom and discipline...Prov 1:7

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Patch
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Postby Patch » Sat Aug 01, 2009 11:51 am

jacal1

Congratulations. It sure is exciting and encouraging to hear about the differences and changes that are taking place in your trading and discipline. Could you begin taking screen shots and posting your daily trades here for everyone?

Trust the Semafors !!!
Patch

Chrisl
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Postby Chrisl » Sat Aug 01, 2009 12:14 pm

Thanks Cyrillic !
downloaded the vids and will be watching over and over and over...
'You only see what you have learned to see,everything else is invisible'
...Mark Douglas

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jacal1
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Postby jacal1 » Sat Aug 01, 2009 6:47 pm

had a few positions on that as the resistance line was being stubborn and signal was strong across the board,

of 9 positions I averaged about 50 pips the most was 85pips arrow shows average area I entered I had actually started entering at 1.6510 on a 5m 3, 15m 3 and H1 2 stuck to my guns and went to bed ready to either be at a loss or total win as last day of month is always freaky especially when it falls on a friday, was willing to take half of weeks earning as loss as it would have still been better on 2%/day for the week.

Profit take was 50 pips from avg. price of 9 positions

Just noticed I even had a entry at 1.6501 dont know what that was.

missed the reversal (sleeping) but I was already concluded for the week as I had over and above my goals.

some of you may say too many positions exposed but what I actually do is split up what I am willing to expose in 3 entries and commit to my losses I never cut on a breakout I cut on a rebound and put up a fib to see where it could go. on this initial push

I trade balls to the wall but having DTB on my side it has enhanced my entries and exit by twofold

All this thanks to TRO!!
DTB!!
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fridays trade
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Last edited by jacal1 on Mon Aug 03, 2009 7:41 am, edited 1 time in total.

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jacal1
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trade today

Postby jacal1 » Mon Aug 03, 2009 7:40 am

this was one of my nicer trades so far today had a couple of 20pips H1 was 1 but bais seems to be on buy gbp/usd i took it

DTB
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dtb.gif
entry 1.6705 exit 1.6750
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germantrader
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Postby germantrader » Mon Aug 03, 2009 1:11 pm

Hello Jacal1

May I ask what indicators you are using ?
Is this the Drain the Banks indicator ?
And your entries are the break-out strategy of the 1 hour candles ?
Tku for any info.

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jacal1
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Postby jacal1 » Tue Aug 04, 2009 2:33 am

Hi germantrader ITS DTB rev8 with my squiggly added

no i use DTB for reversal need to be careful on major breakouts but all in all very good making positive trades.
The fear of Jehovah is the beginning of knowledge, wisdom and discipline...Prov 1:7

cosmoe1
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STOP OVER TRADING

Postby cosmoe1 » Wed Aug 05, 2009 2:36 am

TheRumpledOne wrote:Image

QUIT OVER TRADING!!

TRO_MO_BOXES update and TRO_RISK_SL_PS attached.


Thanks TRO. This little statement really hit home with me.
I have been trading drain the bank about one week now.
I set a goal of 25 pips profit per day. When I hit this mark I quit.

Thank you again for all the advise in this forum.

Tim

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TheRumpledOne
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Postby TheRumpledOne » Wed Aug 05, 2009 2:48 pm

You're welcome, Tim.
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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