Drain The Bank - Questions
Posted: Mon May 04, 2009 10:48 am
TRO,
First of all thank you for Drain The Bank.
I am new trading Forex and currently demo trading.
Have a couple questions using Drain The Bank:
1. I have noticed when price penetrates major support and resistance (3 semafor) the "3" also moves. When do we actually trade the reversal when we see this occur?
2. It also seems when the market is very active you need to be quick to pull the trigger on a trade. What would you recommend or what do you do when you are preparing for a trade?
3. My last question is what do you see are the most common mistakes traders make who use "Drain The Bank"?
Maybe this would be a good thread for stupid questions like mine. LOL
Thanks again
First of all thank you for Drain The Bank.
I am new trading Forex and currently demo trading.
Have a couple questions using Drain The Bank:
1. I have noticed when price penetrates major support and resistance (3 semafor) the "3" also moves. When do we actually trade the reversal when we see this occur?
2. It also seems when the market is very active you need to be quick to pull the trigger on a trade. What would you recommend or what do you do when you are preparing for a trade?
3. My last question is what do you see are the most common mistakes traders make who use "Drain The Bank"?
Maybe this would be a good thread for stupid questions like mine. LOL
Thanks again