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All you need

  #691 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



If hourly breakouts are profitable what about daily?

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  #692 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



What about Weekly breakouts?

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  #693 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009




How about Monthly breakouts?

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  #694 (permalink)
 gio5959 
Chiron
 
Experience: None
Platform: ninjatrader
Broker: Amp Futures/Zen-Fire
Trading: ES
Posts: 737 since Aug 2009
Thanks Given: 25
Thanks Received: 155

sorry tro - i meant to ask cunparis

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  #695 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



Now that we know the statistics of the high/low breakouts, plotting the previous day's, week's and month's high/low on our chart, let's us know when to enter the trade.

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  #696 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



Then you look to see if it works on other pairs.

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  #697 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



When a method works on multiple chart period and across multiple pairs, then the method is "robust".

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  #698 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



All I can do is show you the money.

You have to take it.

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  #699 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



Some pairs are more profitable than others.

No system works on each and every trade.

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  #700 (permalink)
 Peter2150 
Washington DC
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 210 since Jun 2009
Thanks Given: 110
Thanks Received: 117



TheRumpledOne View Post
Simon:

There is nothing to contemplate.

Just let go.

Let go of all the "myths" about trading that you have learned.

Learn to trust your eyes.

If you see price going up, then PRICE IS GOING UP.

If you see price going down, then PRICE IS GOING DOWN.

When you look at a clock, do you need an indicator to tell you what time it "really" is?

When you step out the door, do you need an indicator to tell you if it is sunny or raining?

TRUST WHAT YOU SEE.

This is truly priceless. So darn obvious, it's painful.

Also re the cap locks. Most of the time they are annoying as all get out. But they way you are using them is quite fitting, and it sort of makes me chuckle, at myself not having seen the obvious for so long.

Pete

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Last Updated on February 1, 2022


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