2009.09.10 DRAIN THE BANKS - LIKE A RAT

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Pro Trader
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Postby Pro Trader » Wed Mar 31, 2010 12:45 pm

TheRumpledOne wrote:Image

OPPORTUNITY...


I guess this must be Results then TRO

Image

Get that cheese traders

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Postby Pro Trader » Wed Mar 31, 2010 12:47 pm

Ah you must have posted those whilst I was capturing the shot TRO.

Apologies for the double post

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Postby Brew84 » Wed Mar 31, 2010 3:51 pm

Pro Trader, im very new to the Drain the banks like a rat, and have been testing today with a demo account.

Could you tell me which times you find is most profitable in BST and is there a particular pair during those times which give plenty of cheese!!
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Postby Jalarupa » Wed Mar 31, 2010 3:55 pm

Image

I just wanna say because of what I am reading during the day at work on the NLA thread on Kreslik and BP (haven't even gotten to this thread yet). I have started incorporating Dragon money management into my trading plan and I have managed to compound my DEMO account by 5% for the past 2 weeks everyday. My plan is to take any profits over the 5% as a weekly payout for the weeks work and let the account compound on itself. So far this week I have managed to clear over a thousand fantasy Dollars and have sent my particulars to MBT to get me started on my first $400 account.

A HUGE THANK YOU to TRO and the NLA posters for giving me the confidence to NEVER LOOSE AGAIN!!! I will not forget you when I hit the big numbers ;-)

Gracias!
Last edited by Jalarupa on Wed Mar 31, 2010 4:14 pm, edited 1 time in total.

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Postby Pro Trader » Wed Mar 31, 2010 4:02 pm

Brew84 wrote:Pro Trader, im very new to the Drain the banks like a rat, and have been testing today with a demo account.

Could you tell me which times you find is most profitable in BST and is there a particular pair during those times which give plenty of cheese!!


Brew84 I am still fairly new myself.

I normally trade from 6am GMT. Sometimes I could be there till 7am, sometimes till 9 or 10am. It all depends on when a setup forms and whether I'm quick enough to get in on it or not. The only reason I took the trade I posted was because my internet was down this morning when I usually trade so I missed all the early opps. I saw TRO's opp post and opened the charts and waited till the setup formed above H1 and took it.

As for the pairs, I watch a few of the majors and take a trade on whichever one presents a setup with the rules. You never know how much cheese your gonna get ( well I don't) so you just take what you can when its there as TRO advises.

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Postby Pro Trader » Wed Mar 31, 2010 4:08 pm

Jalarupa wrote:Image

I just wanna say because of what I am reading during the day at work on the NLA thread on Kreslik and BP (haven't even gotten to this thread yet). I have started incorporating Dragon money management into my trading plan and I have managed to compound my DEMO account by 5% for the past 2 weeks everyday. My plan is to take any profits over the 5% as a weekly payout for the weeks work and let the account compound on itself. So far this week I have managed to clear over a thousand fantasy Dollars and have sent my particulars to MTB to get me started on my first $400 account.

A HUGE THANK YOU to TRO and the NLA posters for giving me the confidence to NEVER LOOSE AGAIN!!! I will not forget you when I hit the big numbers ;-)

Gracias!


Good news Jalarupa.

What method are you trading?

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Postby Jalarupa » Wed Mar 31, 2010 4:19 pm

Hey PT

I'm a Red Rat ;-)

This particular trade I saw the EURUSD had 9 Green Candles so I figured that statistically a red was due and I set up my red rat to bounce off the FIB retrace in the end got my 20 pip target plus 7 for measure and did it in only 20 mins :D

I mean I can really get used to working 20 mins in the morning and 20 mins in the afternoon. Can't wait to emancipate myself from slavery! YES MAN! :D

Big LOVE! :D
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I trade using <<FX SYNERGY>>

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Postby TheRumpledOne » Wed Mar 31, 2010 10:34 pm

Jalarupa wrote:
A HUGE THANK YOU to TRO and the NLA posters for giving me the confidence to NEVER LOOSE AGAIN!!! I will not forget you when I hit the big numbers ;-)

Gracias!


De nada.

But it is NEVER LOSE AGAIN.. not loose!!!
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Postby Jalarupa » Thu Apr 01, 2010 4:18 am

LOL :lol:

My bad! hehe... Truth be told I'm a closet disleksic and chronic bad speller...

Just wait you'll see ;-)

Thanks again
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Postby Pro Trader » Thu Apr 01, 2010 5:49 am

EJ Long

Simple green rat trade within 20 pips of the daily low and with H1

Red candle close
Green candle close (above H1)
Long at high of green candle

Entry shown at yellow line 126.19

In the trade a while before profit (never cancel a SL)

Took 6 pips

Anyone know why the end of the chart is chopped off so Rat_plot prices don't show?

Image

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