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- nomoretoxic replied Sep 23, 2008
sorry I was out. Let me check my pm's first and then the posts BRB
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
MMM Sometimes you need to trade unbalanced. read my posts - many times my risk/reward is unbalanced. Still take the trade - just need to adjust the load. hope it helps.
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
sorry I have it wrong - I have 97 (admiral markets) as the low of the breakout so in my side should be around 94. sorry for the misunderstanding
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
I think 96 is 3 pips passing the breakout candle so I assume he's correct.
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
oh by the way I set alarms at the limit (s) of the box, that way I don't glue myself to the screen. cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
don't like it — as you see , I already had my stops-limits on place. Notice the big "wicky" red candle that passed my stop loss( no, my stop loss didn't get fill) The reading is on the wall - smells like choppiness to me. Passing that judgment ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
good question to me 1 pip passing the box is good enough for me for a breakout. My entry, after the pullback gets on it's way will be 2 3 pips, not a hard and fast rule. about early 2007, I really don't have a clue. To me Jan-2007 was great. It all ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
Possible trade ahead — POSSIBLE TRADE? Note that my stops-limits are in place already. But things might change. let's see what happens.
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
for a box trade. sit on my hands. need to see a breakout at the box line for me to start a play.
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
The Trend — here you go. do you prefer to be cross-eyed looking at a zillion time frames??? After all, the chop will haunt you. and....no squiggly lines will save you...I guarantee that. cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
Here's the same charts I posted above. The reason why I don't play straight out breakouts. see for yourself. pretty much self-explanatory.
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
EUR-USD - London session here's an example of a long pullback - notice where I place my stop. As I mentioned before, Unbalanced R:R I take those trades by adjusting the load. Just bear in mind I am watching the pullbacks as it forms - real time. ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 22, 2008
About this gentleman, I really have no comments other than, if he wants to charge a fee to show you that you should keep a healthy MM. to increase your odds on the long run, here you have it...cost $00000. I assure you, there's nothing more about ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 22, 2008
Lenorex I suggest you read my post carefully. Many of your questions are answered in many of them. But still, I will give you a straight-shoot answer here on this post. Please always ask. I really don't mind but as I said before, even if I clear ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 22, 2008
First question - current market conditions are meaningless for a 5 minutes charts - you're trading in the middle of the storm - pure noise...so who cares? the market can be up/down/sideways...it won't matter. I have been burned on a straight ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 22, 2008
will be out for a couple of hours. I had a good day today. Hopefully you too... Just remember - there will be losing days. don't get discouraged. you can still PM or post, I will reply when I come back. Cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 22, 2008
I checked the pairs and yes they all yielded 20 pips you're on the right track cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 22, 2008
I can see the confusion. I haven't look at my notes but I deeply apologize. The price needs to break the box. It's a breakout we're looking for. Not necessarily close outside the box. Breaking to box clearly defines the market looking for a new high ...
Nomoretoxic's breakout