2009.11.05 DRAIN THE BANKS - REV 9

[octomanoak]

Hey TRO,

Trying to get caught up on all your work. I've read through the thread, but cannot locate the download link for v9 on the thread. The latest version I have is v8. Where do I locate the link for v9?

Octo

[octomanoak]

Hey TRO,

Trying to get caught up on all your work. I've read through the thread, but cannot locate the download link for v9 on the thread. The latest version I have is v8. Where do I locate the link for v9?

Octo

OK, now that was weird. AFTER I made the quoted post, the download link miraculously appeared. I KNOW it was not there before.

[Ducky]

Is it advisable to take a rat trade when the price is not in the 20 pip range of daily high or low? Thanks for your reply.

[jonisonvespa]

hi tro

been chasing the rat all week, so far getting 50/50 results, on the last day used 1hr/ then 15m to take the trade, much better results.

im starting to get see that the best place for the reversal to get the best probability of a win, is for the reversal to take place on the 20 line is that the case?

in you room keep hearing buzzard reversal, what type of trade is that??
can you explain? never seen that trade in the threads.

thanks for taking the time tro

[TheRumpledOne]

Is it advisable to take a rat trade when the price is not in the 20 pip range of daily high or low? Thanks for your reply.

If you are a green rat, you should be waiting to get in after price makes a new daily low. What is the reason you are not able to do this?

Of course, you can enter rat reversals after price has left the rat zone.

If you are a green rat and price has just left the red rat zone, it is better to wait.

[Ducky]

Thank you TRO for getting back on that. I will demo this for awhile and when I go live I will send you a donation of my first few $$. I know it's not required.

Another question:
Obviously it wouldn't be smart to trade the first hour or two of the broker day right? because high- low is in a narrow channel. But how about the USA session which is long after the day is established as far as broker day?
Thank you

[jonisonvespa]

hi tro,

sorry a bit off topic, i couldnt find a thred for this question, ive been using you wick count indi, top/bottom.

the time period is set to (24) am i correct in thinking this period is 24 days?

i want to have a look for longer period say 100,

what are you views looking over a longer period, or should you stick to a shorter period to keep in check with the current (trend of the pair)

i may regret saying trend

thanks for taking the time tro

[forexjake80]

soooo guess i gotta post here so the link becomes visible to me as well? Was going crazy reading the post couple of times still not finding it

[jonisonvespa]

hi tro
just wondering what the % figures are in the indicator how to use them
thanks for taking the time tro

ive figured left one is % left of the bar..

[Ducky]

To any experienced Drain The Banks trader:
Always trade with the H1 bias at the 20 pip trigger and all rat trades is that right? In other words both types of trades?
Thank you in advance