sjmr2

Breakout long with target high of today.
Risk 27 tick RR 1:1

That's it for today. It's pretty hot here, so it's ice cream time with my youngest. We both love the same flavor — chocolate mocha. Hope everyone gets some chill time too!

Why did you consider last one weak? Drop before breakout higher ?
I have see quite many your long setups like this.
Lot of trapped shorts inside of circle and clear close above chop area for long.

The question I've been waiting for! Indeed, I’ve been waiting for someone to ask, and finally, someone has stepped forward. When you ask this question, it means there are several important notes in this journal that you’ve overlooked. This might be because you only focused on analyzing the charts and missed other key points. But I’m confident you’ll be able to find the answer. Believe me, the results gained from hard work and persistent effort never disappoint and will surely be appreciated. And when you do, keep it to yourself. You deserve to keep that answer as a reward for the effort you’ve put in.

"In 2023, a friend of mine (who is also a student) took six months to do the analysis, and now he only focuses on 2 types of setups out of the 5 that I use.
Take your time, don’t rush. Are you sure you’ve analyzed all the charts, especially from post number 1000 and above?

I only scratch the surface. I will go over 1000 again. More of visual study not like 5 preconditions for breakout long trade.
If we take only breakout trades ( my new favorite with momentum candle ), there are so many nuances. Sometimes strong momentum candle,
other times quite visible tail when entering. Sometime you enter at or even before breakout level, sometimes on clear close away form level.
Example long trades, sometime you skip initial breakout but enter next hammer candle.
( My reasoning for hammer: sellers shorted the level and push price down, but no no, not this time and buyers pushed it back up, candle closes as hammer
and move up continues ).

Can we even have picture perfect setup - preconditions same for every trade ?

Tried to take other setup today too but failed a lot. This one should have been only second trade for me to take today.
Yes I have notices that, for breakout long you like that price is coming into breakout level from higher low.
2 of my best trades today - breakout long move started from lower low.

Any pointers / what to pay attention too when I go over post from 1000 ?

GOLD

I see you start to see power of breakouts.

Hi Mandarin,

I have always Traded Break Outs just not exactly like Senjamerah does and certainly not as consistent as he is.

Use a suitable monitor—ideally one that is 15 inches or larger—for better visibility. Open the 1-minute chart and carefully observe how breakouts occur. Each time a breakout candle completes its formation, draw a line at that point to represent your potential entry level. Next, mark your Stop Loss (SL) and Take Profit (TP) levels accordingly. Study the outcome of this setup. Repeat the process multiple times to identify patterns and gain a deeper understanding. This repeated practice will help reinforce your skills in recognizing effective entry and exit points..

Usually I start trading from London open but today got nice breakout long 1 hour before it.

GOLD

Done trading for the day. Time to check out car prices at a few shops. My son’s been asking me over and over to get him a car so he can drive to campus. I’ve been pretending not to hear it—just being a worried dad, I guess. But I know sooner or later, I’ll have to let him be independent.

If I were referring to your chart, I wouldn’t have taken the trade. Looks like there’s a difference between the charts we’re using. It might not be a huge difference, but it’s enough to determine whether a setup is there or not.