Good observation. I've already tested numerous range breakout strategies that define a fixed time period on various markets, using a purely mechanical approach without an entry filter, and I haven't been able to determine consistent ...

The PriceBob Strategy

Great but your sell position seems to have been executed within the range and not 4-5 pips below it like you said yesterday? Where do you placed your stop and what has been your take profit target?

The PriceBob Strategy

Do you use a „max. range size“ for the range you’re using (first 15 min) or do you enter on the break (as you don’t even wait for a close outside) no matter what? Today first M15 / H: 23.977, L:23892 (85 Points) image

The PriceBob Strategy

Trading 101 - Lessons from AI Question: Are pips, points or ticks a good metric to measure trading success? Answer: Pips, points, and ticks, while essential for measuring price changes in trading, are not reliable indicators of trading success on ...

(binned per thread starter’s request) My Trading Journal & Idea E

So you mean the first 15 Minutes after DAX Xetra Open (09:00-09:15 GMT+2) ? I read that for the S&P 500 the time period is between the 35th and 40th. Minute after opening (10:05-10:10 NY local time, 16:05-16:10 my local time). If you were to ...

The PriceBob Strategy

It's hot and humid here too. I have three fans pointed at my head. It's supposed to get even hotter this week. image

The PriceBob Strategy

What reference bar/time range did you use here, and did you wait for at least another M5 bar/candle to close outside of it?

The PriceBob Strategy

You are welcome. Thanks anyway for trying to help me. If you can find someone who can tell me how I can make consistent profits to make a living and what I have to risk by following a fixed daily routine and trading plan, send them here Here ...

(binned per thread starter’s request) My Trading Journal & Idea E

GER40 | 30/06/2025 Available trading time window: 08:00 - 12:00 GMT+2 (white filled box on charts) H1 image M15 image

(binned per thread starter’s request) My Trading Journal & Idea E

Yes (maybe), but a backtest is of no use if I don't have clear rules in advance by which I act, as I wouldn't be able to objectively repeat what was tested anyway. I trade CFD's and not products from exchanges. I don't know if you can trust this ...

(binned per thread starter’s request) My Trading Journal & Idea E

OK. So the trade entry should take place exactly at the opening (09:00 CEST / 17:00 AEST) and not 1 hour later. Therefore, I should get an idea BEFORE the opening to decide whether I will buy/sell or do nothing. I could start analyzing the charts 2 ...

(binned per thread starter’s request) My Trading Journal & Idea E

Yes, that's not a problem. Yes, I think so.

(binned per thread starter’s request) My Trading Journal & Idea E

Unfortunately not powerful enough … image

Trading Made Simple(r)

@btrfx1 Questions 1) What about the 9 numbered candles that also closed above/below the SMA? Those wouldn't have been valid entry signals? 2) How is the Stochastic indicator used to confirm a valid entry signal? Screenshot (GER40 D1) image ...

(binned per thread starter’s request) My Trading Journal & Idea E

Wait for a candle to close outside the range.

The PriceBob Strategy

Thank you!

Trading Made Simple(r)

Thanks for your kind words! Since you asked for a chart, here is a DAX H1 chart for today. image That's what you mean, right? We are now well over 3 hours after the open and a long entered at the break of the High of the range (09:00-10:00 GMT+2) ...

Trading Made Simple(r)

"Confused". Yes, that's right. As I said, so far I've only focused on Post 1, the conditions/rules for entry/exit described there, and the template #1 and associated indicators for MT4 provided there. From this, I created the following plan: Markets ...

Trading Made Simple(r)

image You mean this post? What does that mean, reaching for the stars? Regarding TMS/BigE. Yes, I know all of this and understand the background and that TMS(R) is supposed to be a simplified version of the strategy mentioned ...

Trading Made Simple(r)