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Mika's Breakout strategy

  • #161
  • Jan 21, 2015 12:56pm Jan 21, 2015 12:56pm
Mika's strategy is good. But sometimes the price may be near to pivot levels, or important Murrey levels. So you can choose to open in the direction of the signal, if the nearest important levels are provided support or resistance.
  • #162
  • Jan 22, 2015 2:04am Jan 22, 2015 2:04am
waiting for setups
Reaction is better than Prediction
  • #163
  • Jan 22, 2015 2:24am Jan 22, 2015 2:24am
hi mika thanks for sharing good system
gold h1
Attached Image (click to enlarge)
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  • #164
  • Jan 22, 2015 2:55am Jan 22, 2015 2:55am
Quoting mikajap
waiting for setups
I haven't followed yesterday pairs, what was yesterday results?

Thx
  • #165
  • Jan 22, 2015 2:57am Jan 22, 2015 2:57am
Maybe EURCAD and EURUSD setup are forming
  • #166
  • Jan 22, 2015 3:01am Jan 22, 2015 3:01am
Hi Mika.thanks for share your system
Is this setup true??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-fxpro-financial-services.png Size: 64 KB
  • #167
  • Jan 22, 2015 3:22am Jan 22, 2015 3:22am
2 difficult trades.
cad pairs not work very well
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: CADJPYH1.png Size: 38 KB
  • #168
  • Jan 22, 2015 3:31am Jan 22, 2015 3:31am
gbp usd
Attached Image (click to enlarge)
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  • #169
  • Jan 22, 2015 3:36am Jan 22, 2015 3:36am
Quoting m.yaghmouri
Hi Mika.thanks for share your system Is this setup true?? {image}
trades trigger always at the close of bar, when signal arrow appears.
Reaction is better than Prediction
  • #170
  • Jan 22, 2015 3:48am Jan 22, 2015 3:48am
Quoting endof.forex
hi mika thanks for sharing good system gold h1 {image}
welcome endof.forex,

the strategy works in all time frames, but i prefer to trade the london session signals to reduce unnecessary noise, IMO.

i see a gold setup, but its not in London so i didn't take it


also it is oversold already on CCI (RED) which is not on the set of rules

Attached Image (click to enlarge)
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Mika
Reaction is better than Prediction
  • #171
  • Jan 22, 2015 3:50am Jan 22, 2015 3:50am
GBPUSD should have hit TP

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Reaction is better than Prediction
  • #172
  • Jan 22, 2015 5:02am Jan 22, 2015 5:02am
Hi, first trade today TP hit. R:R is 1:1.
EU and UCHF trades still in progress

Thanks Mika
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 185 KB
  • #173
  • Jan 22, 2015 6:15am Jan 22, 2015 6:15am
Quoting lucariga
{quote} I haven't followed yesterday pairs, what was yesterday results? Thx
Hey mika , sorry to quote myself....
  • #174
  • Jan 22, 2015 6:19am Jan 22, 2015 6:19am
Quoting Clipi
2 difficult trades. cad pairs not work very well {image} {image}
GBPCAD hit SL

CADJPY Still running...

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 20 KB
Reaction is better than Prediction
  • #175
  • Jan 22, 2015 6:25am Jan 22, 2015 6:25am
Quoting lucariga
{quote} Hey mika , sorry to quote myself....
somebody posted his results yesterday using all pairs yesterday.
"today, using this system 7 wins and 4 losses, are more or less +75 pips"



i just traded 2. Because if i win 2 times, i stop trading for the day.
i trade USDJPY (winner)
AUDJPY (winner)

Mika
Reaction is better than Prediction
  • #176
  • Jan 22, 2015 6:29am Jan 22, 2015 6:29am
2nd trade for today target reached with R:R - 1:1. But i closed 2/3 of my lots and moved SL to BE. I wanna ride the down trend. Lets see how it goes.

EU long still in progress. Target 1:1 R:R not yet reached.
Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.jpg Size: 192 KB
  • #177
  • Jan 22, 2015 6:38am Jan 22, 2015 6:38am
Please i advise we close our Euro trades as Euro Min bid rate news is coming up.
Attached Image (click to enlarge)
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  • #178
  • Jan 22, 2015 6:43am Jan 22, 2015 6:43am
Quoting kehindesalak
2nd trade for today target reached with R:R - 1:1. But i closed 2/3 of my lots and moved SL to BE. I wanna ride the down trend. Lets see how it goes. EU long still in progress. Target 1:1 R:R not yet reached. {image}
awesome

1/3 will be all out ride
Reaction is better than Prediction
  • #179
  • Jan 22, 2015 6:47am Jan 22, 2015 6:47am
Quoting kehindesalak
Please i advise we close our Euro trades as Euro Min bid rate news is coming up. {image}
i dont advice news trading on mechanical-technical systems like this.

Its up to you if you trade news releases.

but if you are in profit and want to bet on the news. just move order to BE
Reaction is better than Prediction
  • #180
  • Jan 22, 2015 7:41am Jan 22, 2015 7:41am
Quoting mikajap
{quote} i dont advice news trading on mechanical-technical systems like this. Its up to you if you trade news releases. but if you are in profit and want to bet on the news. just move order to BE
Hi mika

isnt the GBP/USD trade counter trend?

thanks
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