Billytt Die happy trading e/j daily breakout

Quoting birdland

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{quote} claudias approach is better working with indices...from my humble obseravtion

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Quoting claudia1

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Break of the 04.00 - 08.00 bar gave an easy + 50 very quickly on Ger 40.

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Quoting birdland

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{quote} actually, i only look at the price and only at GU. i don't even look at the dollar index or euro. yes, and in the current experiment (that's what i consider it) i only look at horizontal lines which are broken. later i might want to include supply&demand. H&S, maybe its forming, but that is too much information and bias thinking for this what i am doing here;-)

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Quoting turnip15

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{quote} Your idea of retail trader traps/levels seems to chime with my channels as a point of focus. The lower l4 hour level for instance, many new people would short , whereas we await a bounce back long ? Claudia's four hour bar seems to pay well on Dax. You get losing or tricky days but when Dax goes....it goes.

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Quoting birdland

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{quote} yes right, when many go short on the break or bulls have their stops there, then we go long. the 8ema channels are nice, i will maybe try something with them in the future. what do you mean? "The lower l4 hour level..." ?

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Quoting turnip15

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{quote} You contain the price within a "box" - a high and low. The low is simply the bottom horizontal where you expect to be triggered into longs whereas the novice goes short. Hope that helps?

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Quoting birdland

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{quote} no, for example now we have the following trigger lines (levels) {image}can you see the difference? i have marked the imporant bar with an arrow but i do nothing at the moment because trigger line for long (blue line) are too near to the main entry long level from this morning.

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Quoting birdland

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{quote} no, for example now we have the following trigger lines (levels) {image}can you see the difference? i have marked the imporant bar with an arrow but i do nothing at the moment because trigger line for long (blue line) are too near to the main entry long level from this morning.

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Quoting turnip15

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{quote} And this might be interesting as an educational observation of levels? {image}

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Quoting birdland

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here is another trick: the last red bar is followed by a blue bar without a wick. that means the wick has to follow soon. and that means you can go short now with a discount;-) {image}

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Quoting binnie

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{quote} At what point would you consider the short Bird? Once the new bar color changes or at the break of the open? Interesting idea ( trick ) Thanks for your input .

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Quoting birdland

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todays level for short and long.{image} in one week i will end this experiment because its then one month old. i have so many new ideas in my head so i will then start a new one;-)

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Quoting Lineseeker

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{quote} bird, what is the method to your madness. you’re clearly making pips.. what is the motivation? what are you trying to achieve with the experiments? i have read you going through breakouts, hedging/averaging and now market maker style. Is the ultimate goal an EA that has low Correlation to each other and trade it all?

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Quoting birdland

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{quote} An interesting idea, but I don't believe in EAs. First of all, I do it all because it's fun. And then I have made the experience that markets change again and again, be it just that they have trend phases and range phases. that's why it's better to have many different weapons in your arsenal that you can fall back on. that also helps a lot with mental stability, which is the most important element in trading...especially when you have drawdowns and nothing seems to work out. that happens all the time and it's better to put your energy into...

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