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Drain The Bank - Rev006
Posted: Wed May 20, 2009 2:55 pm
by roshannaidu
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
Posted: Wed May 20, 2009 4:31 pm
by TheRumpledOne
You trade the breakout when it first says, "BREAKOUT".
Posted: Thu May 21, 2009 7:36 pm
by TheRumpledOne
For those of you who "squiggle".
When the dynamic fibs sr plots dots outside the bolliners, a reversal usually happens.
Breakout on DTB template
Posted: Thu May 21, 2009 8:05 pm
by roshannaidu
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