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- nomoretoxic replied Sep 25, 2008
Don't let the market intimidate you. If you get stopped on one side of the box AND YOU NOTICE AN EVIDENT MOVE TO THE OTHER SIDE . . work it out. Two strikes in a row - quit for the day. of course, you need to adjust MM and everything. You're ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 25, 2008
You work one side of the box. If nothing happens and there's an evident move to the other side, then you work the other. You wait and position yourself ahead of time....if nothing happens, well, move with the herd to the other side. Doing that you ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 25, 2008
No trade - for now — let the market come to you.
Nomoretoxic's breakout
- nomoretoxic replied Sep 25, 2008
that's not how you suppose to play it - read my posts
Nomoretoxic's breakout
- nomoretoxic replied Sep 25, 2008
it broke the upper side of the box.... how to play it?? sit on your hands cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 25, 2008
Here's why you should place your entry 2 -3 pips away from the breakout. The idea is to minimize risk. Cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 25, 2008
Dan The box will work at any consolidation period. I chose those times at London/NY after many years of trial and error. You're welcome to try any period you seem fit as long as you see a constant consolidation.
Nomoretoxic's breakout
- nomoretoxic replied Sep 25, 2008
well, seems like we're in the same page today. congratulations!!!
Nomoretoxic's breakout
- nomoretoxic replied Sep 25, 2008
Whenever you see a chart like this you must think on real time. The idea is to keep your stop away from the fire as much as you can. Remember this: you're minimizing risk, not avoiding it. Entry - 1.4691 original stop-loss - 1.4722 new stop-loss - ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 24, 2008
sorry my bad - G/U Thanks for clarifying cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 24, 2008
got 20 on E/U. long pullback but it worked out.. good job guys!!! cheers
Nomoretoxic's breakout
- nomoretoxic replied Sep 24, 2008
ok probably I jumped the gun to fast. did you already have your order filled?
Nomoretoxic's breakout
- nomoretoxic replied Sep 24, 2008
you didn't wait for the pullback candle to close.
Nomoretoxic's breakout
- nomoretoxic replied Sep 24, 2008
excellent trade!!! I didn't get that ride. this is exactly what I am talking about. I assume, bull had off-balance R:R but he adjusted his load. keep the good work cheers.
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
Again You could chose not to trade in market conditions like the charts above. That's valid. It's pretty much a judgment call. I take those trades...after all I keep the risk in check lowering the load (# of lots)...but that's me. This morning, my ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
OK Folks, here's where you need to pass judgment on a trade. As you saw on my last charts, I had place a stop-loss, entry and exit, but as the trade unfolds (in the case I was looking to trade, actually I didn't trade this morning) I would move my ...
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
I didn't trade EUR/USD this morning. got tired of waiting, besides got stuff to do. anyway I am going to look on the charts.
Nomoretoxic's breakout
- nomoretoxic replied Sep 23, 2008
it is a "what if" scenario. What would happen on a straight breakout cheers
Nomoretoxic's breakout