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
2009.05.23 DRAIN THE BANKS - REV 007
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- TheRumpledOne
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2009.05.23 DRAIN THE BANKS - REV 007
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Last edited by TheRumpledOne on Mon Jun 01, 2009 1:42 pm, edited 3 times in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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Hey TRO
What do you think about this strategy?
http://www.forexfactory.com/showthread.php?t=44246
JUAN
What do you think about this strategy?
http://www.forexfactory.com/showthread.php?t=44246
JUAN
- prochargedmopar
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Looks like steve nison's description of "crack and snap" or "falling off the roof".
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- TheRumpledOne
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JESGPY wrote:Hey TRO
What do you think about this strategy?
http://www.forexfactory.com/showthread.php?t=44246
JUAN
Just have to run the stats... seems like it is a horizontal line strategy so it should work.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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Thanks For Version 7
TRO,
Thanks for the new version.
Appreciate all your work.
Have fun in Cabo!!
Are you trading on Monday (Memorial Day)?
Thanks for the new version.
Appreciate all your work.
Have fun in Cabo!!
Are you trading on Monday (Memorial Day)?
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