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    • Basber replied Jun 7, 2012

      It happens Lemna. You can set a trailing distance stop for these times. I don't, because I don't mind these things when it comes to this method, but it's one of the ways to protect profits during heavy news. Regards, Basber

      Daily Break Strategy
    • Basber replied Jun 7, 2012

      I usually remove the orders on Non-Farm days. I don't mind the other news. Usually traders think technical analysis and fundamental analysis are two different things, but it's not. How is it possible for technical analysis to work if it's against ...

      Daily Break Strategy
    • Basber replied Jun 7, 2012

      People, if you want to make money, you should do exactly what Lemna did. Testing any method manually will give you confidence in system, but more importantly is you can inject your ideas into it. If you observe hundreds of entries, you may see some ...

      Daily Break Strategy
    • Basber replied Jun 7, 2012

      Nice job Lemna. I may share one of my other strategies in future. I use some of it basics to take more money out of this method, but the idea of tracking TP2 for higher profits is very valid. You can have 2 approaches : 1) Putting SL to BE after TP1 ...

      Daily Break Strategy
    • Basber replied May 23, 2012

      It doesn't matter Chris. You can use whatever broker you want. There are many websites and forums even here discussing pros and cons for different brokers. I'm not familier with all of them, so suggesting one is not what I like to do. Regards, Basber ...

      Daily Break Strategy
    • Basber replied May 22, 2012

      When someone wants to increase his/her risk, s/he must notice his/her maximum drawdown very very carefully. Many people asked "when you net 20% profit per season with less than 1% risk on every trade, why don't you double your risk to double your ...

      Daily Break Strategy
    • Basber replied May 22, 2012

      Yes, you're absoloutly right. I didn't bring it up to keep it as simple as possible. Take the main idea from the method, then personalize it to fit your personality and your knowledge. You can of course change TPs to take the most out of market. ...

      Daily Break Strategy
    • Basber replied May 20, 2012

      Second TP for the buy from last week also hit TP2. Another bought opened at the break of the high of the last friday. So in result, we have on TP2 for today and one open position. Orders for sell in "Second Entry" must've been placed till now. ...

      Daily Break Strategy
    • Basber replied May 20, 2012

      As I mentioned before, the best part to parsonalize is working on TPs, specially TP2. I prefer trailing. But Profit management is a very hard concept to grasp. So I provided the basic version to be as simple as possible. I agree, it's a weak part, ...

      Daily Break Strategy
    • Basber replied May 20, 2012

      Yes, you place the orders right when you enter the first trade. For example when the low of the previous day broke, your first sell will be executed. Orders for buy for "Second Entry" should be placed right away, after the execution of sell order, ...

      Daily Break Strategy
    • Basber replied May 18, 2012

      Honestly, how do you yourselves learn your language ?!?!! It's too hard ... I can't even look at it, leave alone the understand part !!!! I was always curious to know how to read chinese. Really hard man, really hard .. ! It's like the combination ...

      Daily Break Strategy
    • Basber replied May 18, 2012

      Few things that I came to till now : -- The maximum valid range is 170, not 120. Change the default to 170. -- Another thing is there are many days that it didn't take the trade (First pic), although the range is valid. It happens alot. -- Sometimes ...

      Daily Break Strategy