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Drain The Banks Doubt

Posted: Mon Oct 26, 2009 10:46 pm
by havoxx
I was trying the DTB strategy when this happen.

There was a semafor on the H1 chart, there was a semafor on the 15 M chart too then i waited for the ok to buy signal, i went long, price went against me, waited a bar, long again, next bar long again. In total there was 12 bars against me, totaling 70 pips and there were som bars before that probably i should enter but didn't because i wasn't viewing the pair at the time.

I first entered at 0.91655
I wanted to know what i did wrong.
Thanks
I have the screens here.

Image
M15

Image
H1

Posted: Tue Oct 27, 2009 5:11 am
by TheRumpledOne
According to your charts, the H1 bias was SHORT.

Rule of thumb #1 is to NEVER TRADE AGAINST THE H1 CANDLE COLOR.

Why aren't you use the DRAIN THE BANKS template?

When you CHANGE THINGS DO NOT EXPECT THE SAME RESULTS!!