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Mika's Breakout strategy

  • #421
  • Feb 2, 2015 9:50am Feb 2, 2015 9:50am
Quoting mikajap
{quote} yes it's good, i took an AUDUSD, still no action yet {image}
tp hit. done for today

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Reaction is better than Prediction
  • #422
  • Feb 2, 2015 2:36pm Feb 2, 2015 2:36pm
Quoting vintex
...GBP/CHF SL -58pips {image} AUD/JPY SL -30pips {image} EUR/CHF SL -44pips {image} Will be good if you can tell me where am I doing wrong.
Hello Vintex,
Besides Mika's absolutely valid suggestions may I put my view as well from price action perspective.

It seems all the signals were on top or at the bottom of a swing where the probability of a retrace increases. I mean price has already traveled some nice pips by the time you had the opportunity to enter on the signal. You may want to look for BO signals after a retrace or a ranging.
Also the signal candles were kind of "nasty" form, they gave an entry signal but not hinting a prompt continuation: biiig candles with long wicks pointing into retrace direction, and a spinning bottom (GU).
green pips-Áron
  • #423
  • Feb 3, 2015 2:23am Feb 3, 2015 2:23am
hello,

today im testing eurgbp 4h. let see hit tp or sL.
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  • #424
  • Feb 3, 2015 2:43am Feb 3, 2015 2:43am
Quoting Carpathian
{quote} Hello Vintex, Besides Mika's absolutely valid suggestions may I put my view as well from price action perspective. It seems all the signals were on top or at the bottom of a swing where the probability of a retrace increases. I mean price has already traveled some nice pips by the time you had the opportunity to enter on the signal. You may want to look for BO signals after a retrace or a ranging. Also the signal candles were kind of "nasty" form, they gave an entry signal but not hinting a prompt continuation: biiig candles with long wicks...
Good advice, I will put price action in as part of my consideration before taking any trades.
Thanks for guiding!
Not searching for unusual subject matter but making the commonplace unusual
  • #425
  • Feb 3, 2015 4:04am Feb 3, 2015 4:04am
very nice advice
Reaction is better than Prediction
  • #426
  • Feb 3, 2015 4:04am Feb 3, 2015 4:04am
setups mostly counter trade. no trades taken so far
Reaction is better than Prediction
  • #427
  • Edited 4:37am Feb 3, 2015 4:22am | Edited 4:37am
[Quote = mikajap; 8042123] messe a punto per lo sportello commercio. nessuna negoziazione adottato finora [/ quote]
how about gbpusd soon buy confirming arrow
taken 30 minutes
  • #428
  • Feb 3, 2015 4:25am Feb 3, 2015 4:25am
Quoting mikajap
very nice advice
Thanks! :-) Now it only remains that I also take my advices myself..
  • #429
  • Feb 3, 2015 4:49am Feb 3, 2015 4:49am
Quoting mikajap
{quote} hey, you are doing it right. Losing is part of it. If i loss 2 trades, i stop trading for today. You might also like to select some pairs, it does work with all pairs but i think you can filter out which is best to take. example sell setup on eurusd and eurjpy, usdpy is bearish(jpy is stronger) so pick the eurjpy setup instead of the eurusd. also dont over trade, specially on live account. its OK in demo to test. But live is different. Requires some extra discretion. Mika


Thanks for advice Mica,

I was over trading always some time i was earning in morning and loosing in my last trade,

today two trades +20 pips in GU (sell) and +20 in gold (buy).

Day closed with smile and satisfaction.
  • #430
  • Feb 3, 2015 5:32am Feb 3, 2015 5:32am
Quoting mikajap
setups mostly counter trade. no trades taken so far
same here.. only demo trades.
You just got to have the Bad Days, so you can Love the Good Days even more!
  • #431
  • Feb 3, 2015 5:37am Feb 3, 2015 5:37am
Today eight businesses all positive 250 pips
  • #432
  • Feb 3, 2015 5:37am Feb 3, 2015 5:37am
Quoting braciola
[Quote = mikajap; 8042123] messe a punto per lo sportello commercio. nessuna negoziazione adottato finora [/ quote] how about gbpusd soon buy confirming arrow taken 30 minutes
i see no gbpusd buy here:

the adx 42 is orange

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Reaction is better than Prediction
  • #433
  • Feb 3, 2015 5:38am Feb 3, 2015 5:38am
Quoting braciola
Today eight businesses all positive 250 pips
great. nice pips my friend
Reaction is better than Prediction
  • #434
  • Feb 3, 2015 5:39am Feb 3, 2015 5:39am
Quoting Carpathian
{quote} Thanks! :-) Now it only remains that I also take my advices myself..
i think you would
Reaction is better than Prediction
  • #435
  • Feb 3, 2015 5:42am Feb 3, 2015 5:42am
Quoting Rajsingh
{quote}[/i][/color][/b] Thanks for advice Mica, I was over trading always some time i was earning in morning and loosing in my last trade, today two trades +20 pips in GU (sell) and +20 in gold (buy). Day closed with smile and satisfaction.
you are welcome.. keep it up
Reaction is better than Prediction
  • #436
  • Feb 3, 2015 5:46am Feb 3, 2015 5:46am
[Quote = mikajap; 8042336] {quote} Non vedo alcuna GBPUSD acquistare qui: l'ADX 42 č arancione {image} [/ quote]
sorry I did some editing, I use the 30 minutes
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  • #437
  • Feb 3, 2015 6:09am Feb 3, 2015 6:09am
vendere xauusd e xaueur
  • #438
  • Feb 3, 2015 6:47am Feb 3, 2015 6:47am
taken another 100 pips you are 350
  • #439
  • Feb 3, 2015 6:49am Feb 3, 2015 6:49am
between 11 minutes confirms buy usd cad sell cad jpy
  • #440
  • Feb 3, 2015 8:12am Feb 3, 2015 8:12am
Quoting braciola
[Quote = mikajap; 8042336] {quote} Non vedo alcuna GBPUSD acquistare qui: l'ADX 42 č arancione {image} [/ quote] sorry I did some editing, I use the 30 minutes {image}
i see it.
Reaction is better than Prediction
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