{quote} look at Cable Daily Chart. look at all the (what you call fakeys) on the candles, of the failed trades. over a week they might be 6 pips,8-pips 6 pips 10 pips 7 pips. What they have in common and this is an example. They are all above 6 or more pips. I HUNT THE 5 PIPS or I used to do, these are Frequency Distribution Statistics not averages.
{quote} I trade from my home office. I use a 42" monitor. Easier on the eyes.
{quote} Great, I get it. I've always seen a good potential in breakout strategies. However, I arrived at a conclusion that it is almost impossible to keep that profitable in the long term. I'm glad that you proved me wrong! I'll take a closer look at this again
{quote} AUD NZD Three days adventure. Waiting for price to make its move. May as well close it, and use the money to fund other trades ( pairs that moves at Jail #1 and Jail #2) Will scan all other pairs to find pair that in Jail #2 and Jail #3 {image}
God bless you!
{quote} I wish I could get my wife to wear something like that.
maybe this only happens in movies or with gfs not with wives....hehe....
{quote} Jail Break Signature set up This is my newbie view only. Any comment are welcome. Thank you Using Daily TF as direction. {image} Using H4 TF to confirm pull back from the jail already complete {image} Using H1 TF marking "smaller Jail". Draw "R" jail outside the "Main Jail". {image} Using M15. To take the trade , with tiny drawdown and the lowest risk possible. {image}
Well DoneAUD pairs update! I believe that all AUD pairs are waiting at the station for AUDUSD to finish a journey to the south - it's happening now and EURAUD is helping significantly!. Once it is all finished, all other pairs can start moving again. Let's check AUD charts and you will see where AUD is located. Top GBPAUD EURAUD Bottom AUDCAD AUDCFH AUDJPY AUDNZD {image}
{quote} Smooth! Where did you take the data?
{quote} Good morning Billy. Nice trade againMay I please ask you couple of questions? What does your statistic exactly tell you? Avg. 4H size, % from ADR, avg. breakout length, how many time price break Hi/Lo of 4H candle... this is information that you need, or something more sophisticated?
And why the first 4H of the day? What do you do when you oped SHORT, and after 2-3 pips price retraces back to the 4H range and breaks the other side of the candle? Thank you! {image}
Morning All, As Pat Chiko would say - 'I'm Newbie' to the jail break method, learning to identify the jails 1-2-3 jail setups on pairs. Below is my analysis on AUDUSD. I would appreciate your takes in confirming is the analysis is ok or how it can be improved. Thank you {image}
{quote} I compound as well, on certain trades, I use some of the extra profit to off set a fai, Some people say that is still losing, but as long as I have my % quota at end of week, it doesn't matter. I trade week in week out like a robot. not just waiting for a week or two for an entry.
{quote} you are treating this exactly like a business need weekly payments
