Drain The Bank - Rev006

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roshannaidu
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Drain The Bank - Rev006

Postby roshannaidu » Wed May 20, 2009 2:55 pm

Hi, from what I gather the 'drain the bank' strategy is primarily to trade the reversal.

How would one trade a breakout? or is this not advisable using this strategy.

Thanks

Roshan

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TheRumpledOne
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Postby TheRumpledOne » Wed May 20, 2009 4:31 pm

You trade the breakout when it first says, "BREAKOUT".
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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TheRumpledOne
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Postby TheRumpledOne » Thu May 21, 2009 7:36 pm

Image

For those of you who "squiggle".

When the dynamic fibs sr plots dots outside the bolliners, a reversal usually happens.
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.

roshannaidu
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Breakout on DTB template

Postby roshannaidu » Thu May 21, 2009 8:05 pm

Hi, am I correct to say that that the other rules still apply ie.
1. check for semafor on 1H chart - current or previous candle
2. switch to M15 and trade breakout when 'BRREAKOUT' first appears.

Thanks TRO

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