You should have your risk/reward at least 1:1...preferably 2:1

Nomoretoxic's breakout

E/U has been choppy. I am sitting on my hands today...not even a chance for me to counter-trend.

Nomoretoxic's breakout

do you have the stop-loss as same as entry??

Nomoretoxic's breakout

My advice: don't pay attention to the range of the box. That's over-thinking. Play the pullback-continuation as soon as the box ends. Just look on where the price is heading inside the box and be ready for the pullback. Simple and easy. The rest is ...

Nomoretoxic's breakout

I apologize not to reply earlier.....the only excuse I have is just overlooked your post(sorry, I am a honest guy) The easiest way to explain it is to look at cheelu's indicator. The dotted line is where you suppose to place your stop-loss. The ...

Nomoretoxic's breakout

I have to second what Panos and G has stated. I will personally keep and eye on this thread and will keep order here. There's plenty of people that owe Mr. feb's a lot on this business (myself included). Let's keep this thread as the author ...

The System (Irony included)

Jim The logic behind 7:009:00 am est - Very much follows the all so-called theory about the opening breakout. Well, not exactly, but has the same foundation. See, normally NY-London overlap creates a huge mass of traders investors, looking to ...

Nomoretoxic's breakout

This is what I use for swing trading. Works like a Swiss watch. Let's pray for feb's health and his prompt recovery. cheers!

The System (Irony included)

Guys I'm really glad this thread is alive and kicking. Last time I spoke with feb's on the phone I mentioned about this thread. He's very happy for you guys. I am going to visit him over this weekend to have a better assessment on his condition. ...

The System II (Yes with irony)

RR Don't worry, sometimes you just can't pull the trigger. Although we're very conscious about risk,we can't forget about who we are. As long as risk permits, we need play the market. No second guessing. cheers.

Nomoretoxic's breakout

I am very happy for you guys! As I mention in one of my posts, consistency is the key. As long as you have money management in check, you'll come ahead . Cheers

Nomoretoxic's breakout

well... seems like everyone is busy making positive pips here!!! good trading to all !! cheers

Nomoretoxic's breakout

I will keep you guys posted. I am also waiting on his recovery. I assure you, there's plenty of people praying and hoping for the best. cheers.

The System II (Yes with irony)

Feb's health — Dear Traders I have the pleasure of knowing feb's personally. I spoke with him this past Friday on the phone, his health has improved considerably, but still delicate.I have to say, he's my mentor. A kind individual who has been ...

The System II (Yes with irony)

I use alertfx.com - rate alert. hope it helps

Nomoretoxic's breakout

No Problem. Always happy to help. I am glad I make you look back into trading. Once you have a trade going on, chances are 50% of either winning or losing. My real "edge" (if we can call it that way) is money management. That's the tool I use to ...

Nomoretoxic's breakout

I believe that targets were shorter last year. This year most definitely had bigger ranges. I did good on this method last year. I have to look back but I believe my targets were shorter and many times I went off-balance. Sorry, but I really don't ...

Nomoretoxic's breakout

You're on the right track my friend. Welcome to the thread.

Nomoretoxic's breakout

RR, Tsquad, cheelu ..anyone following this method. I would like to know how many pairs are you currently trading?? how are you spreading the risk across the board..?? Thanks.

Nomoretoxic's breakout

We call it "London session" because normally is when the trades begin to appear. Frankfurt session , I believe starts on 1:00 AM (please correct me if I'm wrong) normally lacks on push. This is where we position ourselves in reality. On NY its ...

Nomoretoxic's breakout