Learn&Earn

Breakouts are one og my favorite entrys. Good job whatever! Your explanations will give newcomer and people which still searching for a profitable strategy the possibility to learn. I hope that some people are listening carefully.

Current situation on DAX. Opening time for this instrument is 9am on my broker.

What's new on DAX?


P.S. Be careful, a lot of red news today!

Very slow market today, it's very hard to trade on such days. But if you are in, so here are few today's possibilities.

As i told before, i use to set tight Stop Losses. I trade mostly M15, so my trades run about 30-60mins usually. With recent slow market i don't see any reasons to set 20-30 pips SL. Low risk - less stress. Each trade i risk about 1% and target about 1%-1.5%. It's a good math, when you have 2-3 green trades a day.

EUR/USD. We had a good impulse before LO. We could enter it, or we could wait until LO. On London Open price decided to retest the broken level and then moved up again. SL about 7-8 pips, price ran about +12 pips. At least you could move your SL to breakeven, so no risk at this trade. Also on the top we can see the Divergence. So it was a signal to close our trade or at least to be careful and don't let our profit to become loss.


GBP/USD. Nice BO of yesterday's level. SL about 11-12 pips, price ran +13-14 pips our way. Market gave us a lot of time to fix the profit, twice retesting the top. Also Divergence we see. Don't hold your positions with risk when you see such situations! Move you SL at least to BE, or take what market gives.


AUD/USD. It's very, very slow pair! I don't trade it recently, but let's just take a look. There was only one chance to etner - before LO. To enter or not - it's your decision. BO and CCI confirmation are present. I don't enter such trades. SL was about 7-8pips, price ran about +11 in our way. There was also a lot of time to fix the profit. After LO there was no trade! If you see such situations, when price is moving your way, but CCI(14) is moving against - be careful! If you have open trades - try to make them safe and don't risk. If you have no open trades - stay out of the market. So no trade after London Open here.

EU S/R is in the good edge.

If you use template from this thread, than you can see green numbers in the bottom right corner. It's pipsometer - very useful indi, which shows pips in your open trade. Have attached it to this post.

Let's talk about exits a little bit. You can master your strategy, you can find really good points to enter, but exits are always hard predicted.

Exits are tough. The fact is, you can never know the optimal exit point for any trade until it’s over – sometimes it’s best to scalp a quick profit. Other times you should have exited at a stall at the next sup/res level. Other times the move continues and would have been a great trade, if only you’d trailed a stop. It can be very frustrating.

From my own experience i can say that exits are 50% of history statistics which you should do and see the behaviour of your pair, and 50% of your own trading style and psyhology.

For me, there are two ways to exit. The first is planned to exit at the closest potential area of sup/res, but I’m happy to take profits earlier if price action stalls or reverses. The second way is to set your target depending on your risk. For example, 1 : 1.5. If you see big move, you can move your TP and see what's going to happen and get more than was planned. Try to use trailing stop, if you like it, but test it before using.

Is that the best exit strategy? Sure not, but it works for me – it’s largely optimized for my psychology rather than potential for maximizing profits. We will talk about that little bit later, but remember that it's impossible to get all the pips from the market. Take what market gives you, but do it consistently.

DAX. Great level work out on H1 + Hidden Divergence

DAX. Nice BO with CCI confirmation and breaking the Round Number level. Great setup with quick run.

EUR/AUD. Some time ago it was the best pair to trade, it was my favorite. Recently in moves not so good, but sometimes we can see nice BO on it. Today's morning situation. Time allows us to take the trade, LO starts in more than hour, so our trade will work out till that. SL was around 10-12 pips, run until LO was up to 30 pips. London start brought us some retracement, price retested the broken level and went down again. Let's see what happen next.

USD/JPY. Two points to enter today. First was risky, because the time of the day - often there is no momentum at this time. Second one was nice with BO and CCI confirmation. Now the price is testing the high of the day.

Another ones for today. Sometimes it's hard to take Breakouts inside the box, but with help of CCI it becomes much more easier. If you take BO inside the box and CCI confirms - set your target on the hi/low of the box. Price retests that levels again and again.

GBP/JPY. This pair for those who love extreme, speed and adrenalin I don't recommend this pair to newbies, be careful, it moves quick. Never trade it without SL! Here we see two trades. One at Frankfurt Open. Great one with breaking yesterday's high. The next one on NY session (we skip the signal with grey line) - price did another BO, then retraced to retest the level at NYO (it does it very often at the session opening) and then continue moving. We enter on breaking the high. Both trades made 40+ pips.

Thanks for sharing.....keep it coming

Thanks Whatever Following years of mediocre sometimes inconsistent performance I am finding your input a great help. Thanks again. Brian.

First two ones for today. In both TP was bigger than SL and it worked out. Yesterday i told about trading inside of the box. Today we see it on GBP/USD and as i said we should set our target on the hi/low of the box. Today it worked out very well. EUR/USD was risky one, because CCI(100) didn't confirm the entry when BO happen. But timing was perfect, so i like to take such ones - nice BO + nice momentum. Then manage our trade and watch CCI behaviour. Today it worked good.

Eur Chf which I missed would have been a star performer today What you think???

Honestly, i don't use this pair at all, don't even watch it. But took a look and yes - today it was great move with nice BO and CCI confirmation on that pair. But don't know how it works in longterm, i don't know the behaviour of this pair. Need a practice and tests before making longterm conclusions.

Yes this is not good pair

Yesterday's breaking the box on EUR/AUD. The type of trades i love the most! When price breaking hi/lows of the day/period.