New Day breakout by fed

thanks I am using it tonight. Last nigth's set up was complex due to no doby candel. I will find a way to trade on a no body candel days.... Let me take a look at the setup for tonight

Here is what I will do tonight, because the price opened above the pivot line I have set my pending long entries, but I will do watch for the price if it goes south then I will go short.

here is the screenshot again, the prev screenshot had some private data...

I am back testing the days that had small bodies (less then 15-20 pips) or no bodies, what I will do is that I will not trade that candel(the candel without a body makes things more complex), I will wait for the next hour's candel and that usualy will have a larger body and I will use that candel instead.

here is an example

Micro Trading this strat, negative start to the week yesterday and long today @ 152.80 down approx 40 pips. Hoping for a few winners as the week progresses.

hi, none of my pending orders trigerred yet. I set my long orders at 152.94(don't forget the spread for long orders mine is usualy 7 pips that I add on 30) and I also have 152.15 short orders.

my long orders are triggered..... tonight if I hit TP1, I will not target TP3 because it is way higher the R3 line. R3 line is about 20 pips above TP2 right @154.72 and that is my true target....

Hello Fed,
I would be great if you update information about rules TP's SL's in the first post.

hi feb,

is there a statistical reason why you take the body of the candle but not the wicks?

thanks for your reply

messy london session and ofcourse a bad loss nothing much you could do on a day like this........

But looking forward for tonight's breakout hopefully we will have a great trend...

its hard to explain technically but I will try to find a way. When I did a back test it worked better.

Such a bad price movement for the past 4 days. I mean which strategy can be successful with this kinf of movement?

and look at this beauty, we just have to wait for this pair to get back to normal

how has this method going for you fed?

Hi Fed, i've been silently following your threads. Keep up the great work.
The reason why silently following you is that i'm relatively new to this game.
Can you post your results

thanks

guessing this thread is dead fed?