What do you mean it survives? Didn't you just show us a cascade of 500 pip stop losses? im assuming you mean in the long run vs a "close all sell entries when opposite buy.."?

The REAL Traders Video Journal, 3-5% per month as a US trader

Im assuming you guys are trading this manually? isnt it easier/ideal as an EA? just seems tedious if price continues to go against you where you have to open orders on the grid

The REAL Traders Video Journal, 3-5% per month as a US trader

when do you close trades #1 & #2?

Billytt Die happy trading e/j daily breakout

This is exactly what i'm trying to figure.... do you close the one side of the limbo if trigger is on the other side you let that one stay until you hit the 5 pip mark? Piphunter00

Billytt Die happy trading e/j daily breakout

guys feel free to correct me or point me in the right direction/explination on this?

Billytt Die happy trading e/j daily breakout

Im failing to understand we don't giving broker any money and we make some %%%?? what do you mean by this exactly Billy?

Billytt Die happy trading e/j daily breakout

So im trying to wrap my head around this. If we do counter at MidPoint let's say, how it would really help us versus just taking MidPoint as a SL? Aren't they both the same thing? I dont seem to understand an advantage or edge in countering.

Billytt Die happy trading e/j daily breakout

Sorry yes i mixed it up lol i meant in general fixing the limbo trades, did i have the right idea in saying this? As far as Fixing "Limbo" trades Let's say I go long at the High, it fails to reach target, I counter at Midpoint and then what, just ...

Billytt Die happy trading e/j daily breakout

As far as Fixing "Limbo" trades Let's say I go long at the DZ High, it fails to reach target, I counter at Midpoint and then what, just wait for next trigger on the next day ? i suppose I would close the Short Limbo portion of trade if the new ...

Billytt Die happy trading e/j daily breakout

If you're referencing hedging to countering, i'd say yes it is partly the solution I'd say.

Billytt Die happy trading e/j daily breakout

I like the AUDUSD H4 Breakout because of it's price range. Problem is its 4 am est. Any Deadzone pairs offer the same sort range so its easy to counter in. anyone have suggestions?

Billytt Die happy trading e/j daily breakout

image

Billytt Die happy trading e/j daily breakout

I got it, so instead of countering at MidPoint, you'd counter at the H4 Candle Body. Makes alot of sense. If your Counter Triggers at the body of the candle (end of wick zone as i understand it), what if price reverses as soon as it touches the ...

Billytt Die happy trading e/j daily breakout

Can someone possibly confirm whether I'm right or wrong?

Billytt Die happy trading e/j daily breakout

Can you illustrate an example of what you're talking about by anychance on a chart? And yes its alot easier to run rather than putting down on paper LOL

Billytt Die happy trading e/j daily breakout

So you're advising using Body of the Candle and not the Wicks as I am?

Billytt Die happy trading e/j daily breakout

Three trades executed by the beginning of the box. Trade 1 Long Trade 2 Counter Sell Midpoint Then Trade 1 Closed at "Sell Trigger" (Low of H4) Trade 3 Counter Long at Midpoint We're now in our box with Trade 2 and Trade 3.... If Trade 2 & 3 were ...

Billytt Die happy trading e/j daily breakout

Are you talking about where i placed the REDBOX? At that point i would be SELL & LONG at the midpoint (over weekend), at its essence isn't that a breakeven?

Billytt Die happy trading e/j daily breakout

Is this a possible way to work out trades that go sour? In another words, does this work?

Billytt Die happy trading e/j daily breakout

Just trying to iron out this counter limbo situation. becausenim beginning to realize it's not what you trade it's how you trade it. Once the limbo trade is held into the next 0400-0800 Candle trigger, let's say price action tells us to go LONG, ...

Billytt Die happy trading e/j daily breakout