Pic attached showing candle I'm interested in. Pa is proving itself sufficiently to me to take a long entry set on. Stops. and t/ps are arbitrary for each individual trader, with each having different appetites for rr, and positions played. image

2 Candles SETUP

No, the candle colours are of little interest to me personally. I am more interested where the close is of an identified candle, which is the big candle in the example I showed earlier. I then use 30% retracement of that candles close to establish a ...

2 Candles SETUP

Hi fskliris I use a similar method to both yours and HP on his breakout thread, but for me I like to identify a support or resistance level from a higher t/f personally, and then look to find an entry point based on a 30% retracement of the close, ...

2 Candles SETUP

I agree Lem, HP is working hard to find his best way to trade his versions. I too have stepped aside lately for fear of polluting his thought process and to allow him to develop his method without my interference/version. I'm continuing nevertheless ...

A Little Breakout Here and There

The market doesn't always play ball the way we'd like it even when our conditions appear to be met to take a trade on, irrespective of what strategy is being applied, that's just a fact of trading and we can't know for sure which ones will do as we ...

A Little Breakout Here and There

I always think that stops and tps are an individuals choice, depending on a number of factors....risk tolerance, size of acc, number of positions, t/f traded, patience level, and general confidence in the analysis to name but a few. Everyone is ...

A Little Breakout Here and There

There are clearly numerous methods that can be applied to HPs main theme, and all most probably have their merits. In my case, I have chosen to play "retracement breaks", which is similar but not exactly the same as the methods shown in this thread. ...

A Little Breakout Here and There

Hi, there are many options to trade for sure, but for now I'm sticking with my variation which has worked well for me lately

A Little Breakout Here and There

I don't actually use fractals myself, but I can see there is potential depending how they are applied and what they are coupled with. I notice you have a t/l drawn for example (I happen to use t/l's also but in a quite unique way outside of this ...

A Little Breakout Here and There

A quick update in running on above trades, It is now under some pressure there's no question about it, and perhaps I ought to have exited when in reasonable profit. I didn't, and I'm sticking to my guns, and letting the stop do it's job if it has to ...

A Little Breakout Here and There

A short entry set has triggered on retracement on CADJPY this morning from the m15 t/f in this instance. This is some small evidence for now that smaller t/fs can still be effective. Tp1 was nearly hit on the initial continuation.....we will see ...

A Little Breakout Here and There

Well so far so good anyway. The rationale behind it makes sense for me at least. Identify a likely directional bias from a higher t/f (can be any dual t/fs...ie h1 + m15. or h4 + h1, or d1 + h4 etc) go to the lower t/f for signals in the same ...

A Little Breakout Here and There

An ATR is an ATR (Average True Range)...explain what you mean

A Little Breakout Here and There

Several of mine have triggered, and some have already hit tp1 or/and tp2. Even NU retraced enough to trigger my first set, so pretty happy at present. UC attached is a typical example as described before. TP1 & TP2 hit, s/l now adjusted on tp3 and ...

A Little Breakout Here and There

Yeah there are plenty of approaches I must admit. In my case, I suppose it could be called conservative in some ways, and by that I mean price has to work a bit to get back to the level I want because pending orders of course requires a ...

A Little Breakout Here and There

Hi Here's an image of GU from earlier which has developed pretty well. It will not be clear to you from this what my approach is to be fair, but the core of it is based upon your approach actually, but with my own slant on it. I have 2 pending sets ...

A Little Breakout Here and There

Nothing triggered yesterday, but 2 out of my 3 have today. NU simply took off without me, but my levels are still valid for now so those pendings will remain for the time being. Anyway I've used h4 instead of h1 for now because it's easier in terms ...

A Little Breakout Here and There

I have 2 sets of pending longs at this point, (more may be signalled depending on pa) on NU based on my slightly adapted version of HPs idea as described briefly earlier. Nothing much more to say at this stage until they trigger and then the ...

A Little Breakout Here and There

Here's another example...GJ longs this time. I realise these are all hind sights at present, but seems promising and simple which is the best part of it. Once again these could have been all pending long orders (based only on my view that that the ...

A Little Breakout Here and There

I'm going to try the strategy next week (small positions of course for now), with a slightly different take on your idea. I think finding the directional bias from the daily or 4hr t/f is the first thing to establish. I usually prefer finding a ...

A Little Breakout Here and There