Kreslik.com - traders community since 2006

2009.03.22 DRAIN THE BANKS!



Join me in my FREE www.PalTalk.com chat room, the TWO PERCENT CLUB, as we drain the banks this week.

Free MT4 indicators and chart template attached.

DRAIN THE BANKS!!

TRO,

what time are you in the chat room?

Thanks!
dee

usually from 8 am - 5pm EST

Avery,

Please can you post the code for the calculation of the semafor dots. I want to transfer it to TS and give it a try on AAPL, RIMM, GOOG, ...
At the moment I do not use MT4 so I can`t open your files.

Thanking you

Sailor

The GBPUSD showed a H1 Buzzard Reversal setup for long but it broke to the downside and then put in a level 6 dynamic support dot. Long trigger was 1.4518 and was a nice reverse scalp off the bottom.

DRAIN THE BANKS!

Hi all
Can anyone give me an overview of how to trade the Drain the Banks template.
There seems to be a lot of stuff on there and I am trying to make sense of it
Thanks in advance

The latest template is in the other DRAIN THE BANKS THREAD.

The best way to learn is to come to the FREE www.paltalk.com chatroom called the two percent club. We can chat there. If you have trouble finding it, just pm me, therumpledone, and I will invite you in.

You can hear us drain the banks all day / all night.

Rumpledone,

is there ANY statistical study you can post here other than these charts which I have to admit do not make any sense to me? DRAIN THE BANKS, MILK THE COWS, I can see that you are claiming that if someone keeps repeating these small trades and is not greedy he will make money which I agree with that thought process. However, have you backtested any of these ideas? If not isn't this called crapshooting? Is there ANY scientific evidence you can show? Years ago Mike Kreslik posted very good scientific evidence that supported his ideas, do you have anything similar?

unluckycamel wrote:
However, have you backtested any of these ideas? If not isn't this called crapshooting? Is there ANY scientific evidence you can show?

I would like to comment here if I may;
Quite often scientific evidence does not say anything. Also backtesting
results can vary, it all depends on your experience with trading in general
and how YOU see price movements. Psychology is an important part in this game. Can and will you pull that trigger ??
Will you use excellent moneymanagement techniques ?? etc etc.

I think TRO did an excellent job by combining different techniques here, and this is the result. This is not a holy grail system (as I said before), you must have the skills to trade profitably with this one. Same thing goes for trading purely the BuyZone. I have to say that I traded his buyzone and was already making money during the very first trade. I did not need scientific evidence crap. I just started sitting behind that screen, started trading, developed my skills even more (by training my eyes), and started making even more money after that. So, if you start second guessing then you will end up with the 98%. They all search for that holy grail, they want a 100% perfect system. Its not there, sorry, only with your own effort and hard work you will make money hopefully.