2009.11.05 DRAIN THE BANKS - REV 9

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gangsta1
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Postby gangsta1 » Tue Nov 17, 2009 5:16 pm

For anyone interested, I will be posting daily results and screenshots of trades taken in my new DTB blog I set up today. Todays results have been posted. I traded 24 times today over 7 pairs. The point of this test is to find out what pairs/times work best for me, I am letting you all know as you may find something useful from my posts there and I dont want to clutter threads with chart after chart.

http://drainthebanks.wordpress.com/

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jonisonvespa
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Postby jonisonvespa » Tue Nov 17, 2009 6:12 pm

looks good ganster,
do you trade h1 3 sem only, then enter the trade on 5m?
how about taking profit at 5 pluss spread?

gangsta1
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Postby gangsta1 » Tue Nov 17, 2009 7:11 pm

I trade 3semafors on the m5 chart. It is the choice of each individual trader what TP to use. I opt for a TP of around 10 pips in order to maintain a 1:1 risk:reward ratio. Personally, I would not be content with one loser knocking out 2 winners. Just my opinion.

tompiet
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Postby tompiet » Tue Nov 17, 2009 8:50 pm

Gangsta nice results (on M5)
I have 1 question..... How are you timing the end of the break out so well??? If I could time the reversal as well as you I could quit my job. Hah HA ha Thanks in advance
Tom Pietrzak
tompiet@yahoo.com

gangsta1
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Postby gangsta1 » Tue Nov 17, 2009 9:00 pm

I am not timing the end of the breakout. I am simply taking the rat reversals when price is within 20 pips of the daily high/low and a 3 semafor appears.

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 18, 2009 4:40 am

jonisonvespa wrote: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..




Actually, it is percent used.

The other is % in Range, where 0 % is the low or bottom of the range and 100 % is the high or top of the range.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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jonisonvespa
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Postby jonisonvespa » Wed Nov 18, 2009 10:47 am

hi gangster
are you entering a trade if price makes a new high or low, or do you enter the trade enters the 20 zone, also do you keep your stops to 10 min??
cheers

gangsta1
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Postby gangsta1 » Wed Nov 18, 2009 11:37 am

In 20 pip zone. SL alwyas 10 pips (give or take a few) as with TP.

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 18, 2009 4:27 pm

Image
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.

gangsta1
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Postby gangsta1 » Thu Nov 19, 2009 5:17 pm

Tro could you please tell me if your recommended 10 pip SL includes the spread?

Todays results updated@ http://drainthebanks.wordpress.com/

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