Good one, I missed that one. If one looks only for breakout, he is blind to other setups. We contracted 1.5 hours I expected stronger move when we finally breakout. Today FOMC minutes, I don't know, but traders may already wait it before we have ...

sjmr2

Contraction, do we have strong breakout soon ? image

sjmr2

10 tick range, 15m and 1m charts. I tried MTF trading too. How do you deal with conflicting information ? One charts says long, other short and third we are stuck in range, don't trade.

Hard right edge

Breakout long. When level held, tails below, went long on inside candle break higher. But got stopped out because I was greedy. Stop was only 7 tick and logical target, closest horizontal above would have given me successful trade with good RR ...

sjmr2

Candle closed above tails = trapped shorts will be stopped or forces out of trades = additional buying pressure.

sjmr2

Futures data feed is more like Oanda's but it has differences too. image

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That is the problem with CFD brokers. Each has is own / bit different data feed for XAUUSD. With futures contracts chart is same for all trades and does not matter what broker they use.

sjmr2

Breakout candle wasn't good but 1 candle pullback bouncing off breakout level. I would say - valid entry. image

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Usually I start trading from London open but today got nice breakout long 1 hour before it. image

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I see you start to see power of breakouts.

sjmr2

I only scratch the surface. I will go over 1000 again. More of visual study not like 5 preconditions for breakout long trade. If we take only breakout trades ( my new favorite with momentum candle ), there are so many nuances. Sometimes strong ...

sjmr2

Why did you consider last one weak? Drop before breakout higher ? I have see quite many your long setups like this. Lot of trapped shorts inside of circle and clear close above chop area for long. image

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Breakout long with target high of today. Risk 27 tick RR 1:1 image

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I might be totally wrong but this is the way I think. senjamerah thank you to open my eyes about breakout trades and momentum candles. Risk 20 ticks, RR 0.7 yes bad but "sure thing". image

sjmr2

Risk 14 ticks, RR 1.7 I based my target base on market logic. Market can't stay in range forever, it needs to breakout. For me closest horizontal, logical place for target. When market is in trend mode then second horizontal. image

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image

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I have notice it too that lately Mondays have good moves on Asia session. Breakout levels set potential targets too. image Result, Risk 22 ticks RR 1.4 image

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Does it applies to FX ? VWAP is more of stocks thing. One trading session. Will US session FX traders care that Asia session trades are below VWAP and London trades are above it ?

Blue's Clues to Trading: Timing Levels and Behaviour of Price

What patterns you trade on 10 tick range chart ?

Hard right edge

I looked through the catalog. There are some kind of stats that majority breakouts fail. Why do they say that 80% of breakouts fail? | Forex Factory I didn't count but breakout sections toke longest to review. Breakouts are the best setups to trade. ...

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