Kreslik.com - traders community since 2006

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

You trade the breakout when it first says, "BREAKOUT".

For those of you who "squiggle".

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

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