image I repeat this so new comers don't have to go back to the first post. A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW ...

Trading is as simple as 1-2-3

Trend is relative to time frame not objective.

How do you trade breakout without bleeding to death?

Funny, I thought would hop on the donkey, ride around the wall and eat the carrots. You never said I had to go OVER THE WALL. Good one, CrucialPoint. Suggestion: next time, do not post the answer for at least a couple of days. Thanks for the brain ...

Which type of trader are you?

"There is no trend" - This is a true statement. Trend is subjective. Two traders could disagree. "There is no breakout" - This is a false statement. Breakout is objective. Price either stays between two levels or it breaks out of one of the levels. ...

How do you trade breakout without bleeding to death?

Yes!

How do you trade breakout without bleeding to death?

Q) When is working this trading system and when not? A) This setup (system) happens daily on each pair. One must select the best pairs to trade. Q) Any EA? A) No EA has been written for this as far as I know. Q) What is the "close enough to HH / LL ...

Trading is as simple as 1-2-3

image Stalled trade.

Trading is as simple as 1-2-3

Only look at the preceding bar to determine if price is breaking out (of the preceding bar). I read this about price action on another forum: 1) Price will either breakout of the high, low or both of the previous bar 2) Price will not breakout of ...

How do you trade breakout without bleeding to death?

image since80808, notice the current bar[0] established a new low of the day. This makes EURUSD a candidate to trade next hour.

Trading is as simple as 1-2-3

image Next hour trade. since80808, notice the current bar[0] established a new low of the day. This makes EURUSD a candidate to trade next hour. I repeat this so new comers don't have to go back to the first post. A bar makes a NEW DAILY high and ...

Trading is as simple as 1-2-3

image Stops in place.

Trading is as simple as 1-2-3

image since80808, notice the previous bar[1] established a new low of the day. For the record, it was a double-bottom with bar[3]. The entry was made at the open of bar[0].

Trading is as simple as 1-2-3

With all due respect since80808, your entries are not following this method. A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar. Let me rephrase in ...

Trading is as simple as 1-2-3

Your chart entry is one bar too late. A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar. Let me rephrase in the form of yes/no or true/false ...

Trading is as simple as 1-2-3

Q: How to filter? A: Do not filter. Filtering trips up many traders. This trade already has a filter. One waits for price to make a new daily high or a new daily low. That is the first filter. Next filter is waiting for price to test the new daily ...

Trading is as simple as 1-2-3

image I repeat this so new comers don't have to go back to the first post. A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW ...

Trading is as simple as 1-2-3

The spread is 6 on GBPCHF. I have traded that pair with this method.

Trading is as simple as 1-2-3

Your question contains a false assumption. You assume you did something wrong. You did everything right! You entered and placed your stop. Your stop worked as intended. Taking a small loss is a step that most traders fail to do.

Trading is as simple as 1-2-3

The ones I post charts of.

Trading is as simple as 1-2-3

Your assessment looks correct to me though I had to look twice at the M1 charts.

Trading is as simple as 1-2-3