Disliked{quote} Okay. So the range is 03:00-03:15 PM for you (GMT+8). I use local london time. So it's 08:00-08:15 for me. Why do you say "to 4 pm" what does that mean? {quote} I don't understand how you come up with these decimal numbers to describe your SL or TP. Perhaps you can give another reasonable example in clear English that describes your entry and exit rules and illustrates them with an enlarged chart. It is very difficult to follow the whole thing and sometimes very confusing what you write. thanks in advance.Ignored
15 mins is the range or size of the bar.
The rules done change.
15 mins opening
2nd bar breaks the high or low
If high then we short. If low then we go long
Entry is either 1/2 of the range or 1/3 of the range. Target is 1 to 2 atleast.
I say those diviations because thats whats on the fib. You can simply input those values on trading view and see
Disliked{quote} Very good explanation. At the bearish candle at point 3 in your chart why not buying instead of selling? Maybe in this way the backtesting could be profitable. CheersIgnored
You can choose to buy if it breaks the high or sell if it breaks the low. But if you do so, it's best to focus on either the 30 min range or 1h range. The 15 min range often if not always goes the other way.
My way
https://www.tradingview.com/x/DgApGj5e
Simply break away only way
https://www.tradingview.com/x/9lxjWU5X
You can do some magic with it. But the rr is not so good.
Thats 9r vs 1.5 r
Lets say we put the sl at the 1/2 of the 30 mins. Maybe it could work. For 1 to 2.
https://www.tradingview.com/x/njqRuyNf
I extend an invitation to anyone who wants to learn the method by discord. So i can explain it in voice. And the rules. And you can ask any and all questions.
That way, i can even share how the daily bias worke, the 1 min, 5 min, and 15 min breakout, the 30, the 1 hour breakouts. And the reversals.
What i shared here is the method that i found most profitable. But if yiu want to know more, you must pay atleast 15 minutes of attention. :3
Just dm me. And I'll send you my discord tag
https://www.tradingview.com/x/ahiWpywe
30 min breakout
no signal for 15 min in this case.
One reason why i do the 30 mins is its not profitable and gets stopped out more
If you want a pure breakout try 1h. And you probably still have to do the 1/2 of range as risk to get a decent rr of atleast 1r. Or do some other model as entry to make sure you avoid the drawdown, like ict models etc. Or fibs on retest. But the 15 min reversal avoided all that.
I can also make up a fib model for the 1h to make it easier but thats like a different thread.
And there's also the 2 hour model. (I really like this but, youll have to be patient since the total waiting period is 6 hours)
https://www.tradingview.com/x/d6YjHNlL
Price movement from 1 min to 30 mins
It goes up then down then up then down and it really does a lot of fake outs, not just 1 2 or 3. So many times will it try to fool you and we cant really 100% say itll go our way. The next best thing we can do is bet small and high rr. So if we lose its ok, and if we win, we make up so much for all the times we loss. And if there is no signal, we dont trade.
Trading is gambling. So gamble responsibly.
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