Disliked{quote} Daily pivot important not just for break outs. Watch and see how often market retraces to it - today being perfect example. {image}Ignored
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Sorry Billy... Good luck everybody !
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Disliked{quote} Daily pivot important not just for break outs. Watch and see how often market retraces to it - today being perfect example. {image}Ignored
Disliked{quote} Just have to add here about Camarilla above Daily Pivot can be useful sometimes.... But you trading GMT i am GMT+2 , so could be differences .... (\__/) (='.'=) (")_(") Sorry Billy... Good luck everybody !Ignored
DislikedHi Billytt, during this week i created an automatic backtest for g/y, from 2006 to today. daily breakout (5 pips): 91% daily breakout (4 pips): 96% Amazing. And most of the losing trades occurred in Monday, because of the small Sunday candle. ( lmax, my Broker has the Sunday candle ) The Point now is how to manage the losing trades ....... Cheers 8Flow.Ignored
Disliked{quote} Just have to add here about Camarilla above Daily Pivot can be useful sometimes.... But you trading GMT i am GMT+2 , so could be differences .... (\__/) (='.'=) (")_(") Sorry Billy... Good luck everybody !Ignored
DislikedE/J daily break trades from 01/01/2015 to Fri 27//03/2015... Trades 69,,,,, Win 59 & Lose 10 that is approx. 86% strike rate. G/J daily break trades from 01/01/2015 to Fri 27/03/2015... Trades 68,,, Win 65 & lose 3, that is approx. 96% strike rate. edit, I did not trade any G/J breakout but I am watching. & being away from home I hardly touched E/JIgnored
Disliked{quote} @billytt I say - William, old sport. Are these figures based on taking 5 pips profit ? Do you stay up all night until price breaks previous days High/Low or have you some sort of alert system (mobile telephone etc) to inform you when such break outs occur ? Is it from that point that you stay at Pc to monitor and, if necessary, intervene in trades until your Five pips is achieved (Looks like, judging from some of your latest posts, that you drop to 5min bars to monitor breaks) ? If you use an alert, can the alert service be found on ones...Ignored
Disliked{quote} Hi Turnip,,, your broker does provide a signal alert. I do use an alert service if it looks like break will not happen for a time during the night.. If I go into a bad trade I normally go to 15 minute chart and get ready to countertrade or hedge. My stats for this year are based on 5 pips BUT if 10 is the goal it would read 69 win and 16 loss or approx. 76% strike rate, The stats are actually better than this if traded perfectly. edit, These stats are after taking 5 away for spread etc.Ignored
Disliked{quote} All is well here Pip, The sun is shining which has thrown me as bad weather was for caste. Hopefully my friend will now come out for lunch with me .( coffee and a jacket potato).Ignored