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Draining the Banks-2013

Posted: Tue Jun 11, 2013 7:04 am
by JoeTRoscoe
After lurking at FF for awhile and understanding the semaphor, I have looked at TRO and his rat trading. I will be trading nano lots and using this system in real time. I will be using the template exactly as designed, and truly trade like a rat. Wish me luck.

Joe

Posted: Tue Jun 11, 2013 7:13 am
by JoeTRoscoe
I have the template on idiot mode with training wheels. Nzdusd, Audusd, and eurusd all gave semaphors this hour. All say, DO NOT REVERSE, and so, we will do nothing.

Posted: Tue Jun 11, 2013 7:49 am
by JoeTRoscoe
Eurjpy L2 green semaphor. DTB warns...DO NOT REVERSE.

Standing aside.

Trading is waiting.

Posted: Tue Jun 11, 2013 8:17 am
by newscalper
If the semafor appeared this hour it will always say do not reverse because for the semafor to appear it must be a breakout so you trade in the direction of the break out and not a reversal

Posted: Tue Jun 11, 2013 8:21 am
by JoeTRoscoe
We are doing RAT trading, which is not breakout trading. What I can see is that if a down semafor appears and H1 and D1 is also down, we do not take a green rat trade. My guess is that we need to wait for a up semaphor in the context of a down bias to take the red rat trade. I am going to do exactly what to software tells me. I am not from Yale. I will do what I am told, exactly.

Posted: Tue Jun 11, 2013 8:25 am
by newscalper
OK. Rat and DTB are different. No sema required for the rat.

Posted: Tue Jun 11, 2013 8:36 am
by JoeTRoscoe
According to RAT rules, we must have a sema on the one hour chart to consider a trade. Then we switch to 15 min to enter, stop loss ten pips, take profit using exit playbook.

Posted: Tue Jun 11, 2013 9:19 am
by newscalper
That sounds like Drain The Banks, not the rat. Rat is simply taking an m5 bar breakout from the daily high or low.

Whatever, anyway, be better if you post charts to go with your commentarys. Welcome to Kreslik btw :)

Posted: Wed Jun 12, 2013 5:26 am
by JoeTRoscoe
Thanks. I don't have anything to post yet. Markets are trending, and for the sake of clarification, you are right, I am using DTB. I have to learn to take screenshots from mt4. I am not one of you young whippersnappers, lol.

Posted: Wed Jun 12, 2013 6:12 am
by JoeTRoscoe
testing a picture upload. I like it here. Nice and quiet.