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TheRumpledOne
rank: 1000+ posts
Age: 53
Joined: 14 May 2006
Posts: 6014
Location: Tucson, Arizona
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2009.05.23 DRAIN THE BANKS - REV 007
DRAIN THE BANKS - REV 007 is now available.
Enhancements
D1 Bias Added.
New indicator - TRO_MM_PAD shows the candle color on all chart periods
New indicator - TRO_MM_BO shows breakouts and reversals on all chart periods
This is a simple method that, when applied properly ( and don't load up the charts with SQUIGGLY'S ), will enable you to NEVER LOSE AGAIN!
1) Only trade if there is a 1, 2 or 3 semafor on the current or previous H1 candle. NO EXCEPTIONS.
2) After you see the semafor on the H1 chart, look at the M15 chart for the long(indigo) and short(magenta) 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 work, 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.
7) What's the TAKE PROFIT? You take what you can. I usually take 5+ pips and leave more on the table.
Try this method using a micro lot or 0.1 mini lot. Trade it this way until you feel comfortable and are profitable on a consistent basis. Just trade it, AS IS, and don't add anything to it to improve it. You'll be amazed at how profitable a simple method can be.
All the indicators you need and then some, along with the REV 007 template, are in the attached zip file for FREE!
PLEASE DO NOT POST MY INDICATORS ANYWHERE
READ ABOUT LWP/SWP HERE
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| tro_drain_the_banks_rev07.zip |
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tro_drain_the_banks_rev07.zip |
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_________________
IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!
You are on the internet - If you (google) search for it, you'll probably find it.
DRAIN THE BANKS T-shirts here: http://www.drainthebanks.com
Last edited by TheRumpledOne on Mon Jun 01, 2009 1:42 pm; edited 3 times in total
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john225
rank: <50 posts
Age: 16
Joined: 13 May 2009
Posts: 10
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| Waht is the trigger the indigo and magenta line ?
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lisyah
rank: <50 posts
Age: 22
Joined: 19 Nov 2008
Posts: 5
Location: Birmingham
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| john225 wrote:
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Waht is the trigger the indigo and magenta line ?
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Magenta: Sell
Indigo: Buy
Unless I misinterpreted something, I think that's the answer to your question. ^_^
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Demonyca_ro
rank: <50 posts
Age: 30
Joined: 09 Mar 2009
Posts: 3
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Thank you so very much... Great as always 
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TheRumpledOne
rank: 1000+ posts
Age: 53
Joined: 14 May 2006
Posts: 6014
Location: Tucson, Arizona
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A trader sent me THIS
What do YOU think?
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_________________
IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!
You are on the internet - If you (google) search for it, you'll probably find it.
DRAIN THE BANKS T-shirts here: http://www.drainthebanks.com
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JESGPY
rank: 150+ posts
Age: 23
Joined: 19 Dec 2008
Posts: 167
Location: Asuncion
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prochargedmopar
rank: 1000+ posts
Age: 40
Joined: 20 Dec 2008
Posts: 1273
Location: Granbury, TX
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TheRumpledOne
rank: 1000+ posts
Age: 53
Joined: 14 May 2006
Posts: 6014
Location: Tucson, Arizona
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_________________
IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!
You are on the internet - If you (google) search for it, you'll probably find it.
DRAIN THE BANKS T-shirts here: http://www.drainthebanks.com
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JESGPY
rank: 150+ posts
Age: 23
Joined: 19 Dec 2008
Posts: 167
Location: Asuncion
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Yes it is.
Are you going to run the stats?
The only thing I think you can change is the instead of placing a fixed TP use traling stop to rack in more pips.
JUAN
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oldmangeezer
rank: <50 posts
Joined: 03 May 2009
Posts: 48
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TRO,
Thanks for the new version.
Appreciate all your work.
Have fun in Cabo!!
Are you trading on Monday (Memorial Day)?
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