image Next hour.

Trading is as simple as 1-2-3

image Price dropped to within 5 pips of the new daily low before reversing. That can be considered another test. Waiting for entry. Waiting is very important.

Trading is as simple as 1-2-3

image Price dropped to within 8 pips of the new daily low before reversing. That can be considered a test. Waiting for entry. A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises ...

Trading is as simple as 1-2-3

image Letting the price test the new daily low. The indicator added at the top shows how far price is from the new daily high (HiCl) and from the new daily low (ClLo). It also shows how far from the daily open (ClOp) as well as current price. The ...

Trading is as simple as 1-2-3

image Next hour.

Trading is as simple as 1-2-3

image Next hour.

Trading is as simple as 1-2-3

image Waiting pays off.

Trading is as simple as 1-2-3

image Next hour.

Trading is as simple as 1-2-3

image I repeat this so new comers don't have to go back to the first post. A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW ...

Trading is as simple as 1-2-3

Trend is relative to time frame not objective.

How do you trade breakout without bleeding to death?

Funny, I thought would hop on the donkey, ride around the wall and eat the carrots. You never said I had to go OVER THE WALL. Good one, CrucialPoint. Suggestion: next time, do not post the answer for at least a couple of days. Thanks for the brain ...

Which type of trader are you?

"There is no trend" - This is a true statement. Trend is subjective. Two traders could disagree. "There is no breakout" - This is a false statement. Breakout is objective. Price either stays between two levels or it breaks out of one of the levels. ...

How do you trade breakout without bleeding to death?

Yes!

How do you trade breakout without bleeding to death?

Q) When is working this trading system and when not? A) This setup (system) happens daily on each pair. One must select the best pairs to trade. Q) Any EA? A) No EA has been written for this as far as I know. Q) What is the "close enough to HH / LL ...

Trading is as simple as 1-2-3

image Stalled trade.

Trading is as simple as 1-2-3

Only look at the preceding bar to determine if price is breaking out (of the preceding bar). I read this about price action on another forum: 1) Price will either breakout of the high, low or both of the previous bar 2) Price will not breakout of ...

How do you trade breakout without bleeding to death?

image since80808, notice the current bar[0] established a new low of the day. This makes EURUSD a candidate to trade next hour.

Trading is as simple as 1-2-3

image Next hour trade. since80808, notice the current bar[0] established a new low of the day. This makes EURUSD a candidate to trade next hour. I repeat this so new comers don't have to go back to the first post. A bar makes a NEW DAILY high and ...

Trading is as simple as 1-2-3

image Stops in place.

Trading is as simple as 1-2-3

image since80808, notice the previous bar[1] established a new low of the day. For the record, it was a double-bottom with bar[3]. The entry was made at the open of bar[0].

Trading is as simple as 1-2-3