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0400-0700 GMT Breakout Strategy

  • #2,741
  • Feb 23, 2010 3:24am Feb 23, 2010 3:24am
BE for me too today . The amount of B/E reduces even more the average loss per trade for the period ( Jan and feb ) so its all positive
still hunting for the big run , month is not finished yet

zaba1
  • #2,742
  • Feb 23, 2010 4:28am Feb 23, 2010 4:28am
just working like watches today!!! BUT !!! in ranging flat periods avoid!!! (like yesterday and friday...)
  • #2,743
  • Feb 23, 2010 5:43am Feb 23, 2010 5:43am
Quoting mistersimple
just working like watches today!!! BUT !!! in ranging flat periods avoid!!! (like yesterday and friday...)
yep but we have been in a ranging market for 9 months so the 85 ema will at least give you a shorter term trend to ride, the biggest problem is the ATR, at the moment its quite low so to get the 75 pip banker is very challenging

thought i might pose this queston in times of ranging markets liek cable has been for 9 months just look at the weekly chart to back that up, anyhow what effect would it have on the R:r that we took off 75% of the postion at 25 pips instead of movng to B/e it seems to me in tight ranges teh numebr of times it picks up 25 pips but doens not go on to convert to 75 is quite low, the other option is to just go for 25 pips with a 15 pip stop, just shooting the breeze would appreciate peoples input including Grant
  • #2,744
  • Feb 23, 2010 7:42am Feb 23, 2010 7:42am
Quoting kiwiduvet
however was arleady long cable on my other trading so have banked +25 +30 and +50 for the day
I tried to PM you because this question is not to do with the thread but you have it turned off, I was just wondering if you would like to share your system that bagged you 25, 30 and 50 this morning. anyway if your interested in sharing your system or reading my initial message then please turn on your PMs.

Thank You

Josh
  • #2,745
  • Feb 23, 2010 9:08am Feb 23, 2010 9:08am
Quoting wawarulez
I tried to PM you because this question is not to do with the thread but you have it turned off, I was just wondering if you would like to share your system that bagged you 25, 30 and 50 this morning. anyway if your interested in sharing your system or reading my initial message then please turn on your PMs.

Thank You

Josh
I'd like to hear about it if you can be bothered to share this, so if you do pm wawarulez please copy me in if you can... cheers!
  • #2,746
  • Feb 24, 2010 1:27am Feb 24, 2010 1:27am
have we all got 1.5461 and 1.5442 as the ranges today? Very narrow isnt it?
If you think you can or cannot do it you are correct
  • #2,747
  • Feb 24, 2010 1:43am Feb 24, 2010 1:43am
i think today is no trade because EMA 85 in Box ( grant method)
  • #2,748
  • Feb 24, 2010 1:51am Feb 24, 2010 1:51am
looking for 20 pips
If you think you can or cannot do it you are correct
  • #2,749
  • Feb 24, 2010 1:54am Feb 24, 2010 1:54am
out +15 dont like the looks of stochastics on the hourly and 4hrly. will try along at the upper end of range
If you think you can or cannot do it you are correct
  • #2,750
  • Feb 24, 2010 1:26pm Feb 24, 2010 1:26pm
Quoting sebafx
I'd like to hear about it if you can be bothered to share this, so if you do pm wawarulez please copy me in if you can... cheers!
PMed you guys did u get it
  • #2,751
  • Feb 24, 2010 2:35pm Feb 24, 2010 2:35pm
Quoting kiwiduvet
PMed you guys did u get it
yeah thanks man!! nice one!
seba
  • #2,752
  • Feb 24, 2010 2:46pm Feb 24, 2010 2:46pm
Quoting kiwiduvet
yep but we have been in a ranging market for 9 months so the 85 ema will at least give you a shorter term trend to ride, the biggest problem is the ATR, at the moment its quite low so to get the 75 pip banker is very challenging

thought i might pose this queston in times of ranging markets liek cable has been for 9 months just look at the weekly chart to back that up, anyhow what effect would it have on the R:r that we took off 75% of the postion at 25 pips instead of movng to B/e it seems to me in tight ranges teh numebr of times it picks up...
Hi Ray,

apologies for the delay in responding, i am sure you have seen the spread sheet i have done regarding the varying TP's and BE moves..

although Jan and Feb haven't been the greatest for this method they are still at BE. The ADR i have for cable atm the is 164 so 75 pips is still under half of its ADR. Thus for the time being i am going to leave it as is.

That being said i am watching it more closely and if by the end of MArch there is no improvement then i will look at other options for the target and BE move.

cheers

Grant

ps. if you have a copy of the pm could you possibly forward it to me as well please.

many thanks
  • #2,753
  • Feb 24, 2010 4:41pm Feb 24, 2010 4:41pm
Quoting grant18265
Hi Ray,

apologies for the delay in responding, i am sure you have seen the spread sheet i have done regarding the varying TP's and BE moves..

although Jan and Feb haven't been the greatest for this method they are still at BE. The ADR i have for cable atm the is 164 so 75 pips is still under half of its ADR. Thus for the time being i am going to leave it as is.

That being said i am watching it more closely and if by the end of MArch there is no improvement then i will look at other options for the target and BE move.

cheers

Grant

ps....
yep fair points Grant, just thought i would bring it to the forefront of discussion as near month end, will forward you the PM now
  • #2,754
  • Feb 24, 2010 5:24pm Feb 24, 2010 5:24pm
if you have a copy of the pm could you possibly forward it to me as well please
"The person who knows that enough is enough, will always have enough". .
  • #2,755
  • Feb 24, 2010 5:35pm Feb 24, 2010 5:35pm
Quoting kiwiduvet
PMed you guys did u get it
hey yeh got it sorry have been busy today, thanks very much.

Josh
  • #2,756
  • Feb 24, 2010 10:40pm Feb 24, 2010 10:40pm
Quoting maq
if you have a copy of the pm could you possibly forward it to me as well please
please forward it to me too. thank you.
  • #2,757
  • Edited Feb 25, 2010 12:30am Feb 24, 2010 11:43pm | Edited Feb 25, 2010 12:30am
Hi,

I thought I would like to contribute to the thread. Until now I was just reading .

Just a few comments (after I wrote code to simulate the strategy):
If the breakout is in the direction of the trend it improves the pipcount and the p&l.
The breakeven brings down massively the pipcount and the p&l
The take profitt brings down massively the pipcount and the p&l

If one fears of trading? Why trade?

ps: I have run tests between mid 2007 and end of 2009.

Regards
br

(Hope that helps )
.
  • #2,758
  • Feb 25, 2010 12:32am Feb 25, 2010 12:32am
I have edited my previous post because I wrote "end of 2010". How is that possible.. Probably because it was too early... and was thinking how to make this strat more profitable.
.
  • #2,759
  • Feb 25, 2010 12:34am Feb 25, 2010 12:34am
Bullrock,

Good post. Can share more on what you discovered? I understand not to use BE, but if not taking profit, what trail do you suggest? Is there any more detail you can share?

Dazz
  • #2,760
  • Feb 25, 2010 12:56am Feb 25, 2010 12:56am
Quoting dazzdude
Bullrock,

Good post. Can share more on what you discovered? I understand not to use BE, but if not taking profit, what trail do you suggest? Is there any more detail you can share?

Dazz
Hey Dazz,

sure, mate!! No secret!! (Discipline and human nature cannot be coded, that is the edge)

I have closed at the end of the day (24 gmt) simply. I will post some stats this week-end. Next I will try to use some trail of some sort to see if that improves.. Say have 3 units and then trail 1 on 1h trail 2 on 4h and tril 3 on 1d... Or somthing like that. For trailing I was thinking to use S/R, MA or fractals or something else.

Really until now I was thinking to code and initially I was really disappointed because it was a looser or very light winner... So I thought to do something with it. NO BE OR TP tweak helped at all...

Have a nice day.

I have to go. Next I will be back tonight.
.
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