DRAIN THE BANKS

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DRAIN THE BANKS

Postby TheRumpledOne » Thu Sep 03, 2009 10:54 am

DRAIN THE BANKS

Image

1) Only trade if there is a 1, 2 or 3 semafor on the current or previous H1 candle. NO EXCEPTIONS.

SINCE THE PREVIOUS H1 CANDLE HAS A SEMAFOR - GBPUSD IS IN PLAY.

2) After you see the semafor on the H1 chart, look at the M15 chart for the long(light blue) and short(pink) triggers based on TRO DYNAMIC FIBS SR TRAIL indicator.

3) When price touches the trigger you enter. DON'T THINK, JUST ACT!

4) Only ONE TRADE PER M15 CANDLE. If price goes against you, just wait.

5) If price went against you and makes a new dynamic sup/res level, get ready to enter at the trigger. If you can't see how this works, then DO NOT TRADE IT. I have entered up to 3 times.

6) What's the STOP LOSS? The stop loss is your maximum allowed loss per trade based on your money management.

RISK = POSITION SIZE * STOP LOSS

STOP LOSS = RISK / POSITION SIZE

7) What's the TAKE PROFIT? You take what you can. I usually take 5+ pips and leave more on the table.
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Thu Sep 03, 2009 10:55 am

Don't let the rat beat you.

"Unless you experience the unpleasant symptoms of being wrong, your brain will never revise its models. Before your neurons can succeed, they must repeatedly fail. There are no shortcuts for this painstaking process."

Pg 54 - HOW WE DECIDE


"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

Pg 64 - HOW WE DECIDE


"Think about the stock market, which is a classic example of a "random walk," since the past movement of any particular stock cannot be used to predict its future movement. The inherent randomness of the market was first proposed by the economist Eugene Fama, in the early 1960's. Fama looked at decades of stock market data in order to prove that no amount of knowledge or rational analysis could help you figure out what would happen next. All of the esoteric tools used by investors to make sense of the market were pure nonsense. Wall Street was like a slot machine."

Pg 67 - HOW WE DECIDE


TRADING IS SIMPLE:

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.
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Re: DRAIN THE BANKS

Postby manus168 » Tue Sep 22, 2009 5:54 am

Can you share the indicators please :?:


Sincerly;


:)


Manus168
Yesterday = HISTORY !
Tomorrow = MYSTERY!
Today = GIFT !


Thats why we call it the PRESENT :)
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Re: DRAIN THE BANKS

Postby Edward Revy » Sun Sep 27, 2009 4:23 pm

Hi TheRumpledOne,

Don't shy to post links to your forum, otherwise it is quite hard to find the indicators you've been showing us.

Regards,
Edward
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Re: DRAIN THE BANKS

Postby Edward Revy » Sun Sep 27, 2009 4:23 pm

The Rev8 indicators can be found here:
http://kreslik.com/forums/viewtopic.php?t=1897

Regards,
Edward
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Re: DRAIN THE BANKS

Postby manus168 » Sun Sep 27, 2009 8:49 pm

Edward Revy wrote:The Rev8 indicators can be found here:
http://kreslik.com/forums/viewtopic.php?t=1897

Regards,
Edward



Thanks Ed;


Sincerly;

:)

Manus168
Yesterday = HISTORY !
Tomorrow = MYSTERY!
Today = GIFT !


Thats why we call it the PRESENT :)
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Fri Feb 26, 2010 10:15 pm

Rev 9 has been released.
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Re: DRAIN THE BANKS

Postby Traveller » Fri Feb 26, 2010 11:37 pm

Please give us a link where we can view it, thank you.
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Sat Mar 27, 2010 3:03 pm

Posting links to other forums usually results in my getting banned.

Your favorite search engine can find it.
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Re: DRAIN THE BANKS

Postby TheRumpledOne » Wed Mar 31, 2010 11:58 am

Image

DRAIN THE BANKS - LIKE A RAT


1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."


GREEN RAT REVERSAL - LONG ENTRY CRITERIA: 1) RED CANDLE CLOSES 2) GREEN CANDLE CLOSES 3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG. STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.
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