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- ale73a replied Sep 12, 2010
Last backtest for this morning: image
fake breakouts against a strong trend
- ale73a replied Sep 12, 2010
here is another backtest following the first post rules: it's hard to do it manually but it is the only way image
fake breakouts against a strong trend
- ale73a replied Sep 11, 2010
but have a look at the same chart no daily but 5 min tf the black line is the old low (done about 6 days before) "today" the price does a new low (blue ellipse), we go long 5 pips over the black line but the stop loss is taken (first red line) then ...
fake breakouts against a strong trend
- ale73a replied Sep 11, 2010
THIs is a daily chart with a pattern "turtle soup". In Street smarts an example like this one should be shown as winner, since they say: entry long after the new low, when the prise go 5 pips over the old low and set stop loss few pips under the new ...
fake breakouts against a strong trend
- ale73a replied Sep 11, 2010
I got inspired by Linda Raschke and her turtle soup to "create" this method...initially I was testing bigger tf but everytime a setup appeared I should go on smaller tf to check better the history of the candle. In her book, infact, the technique is ...
fake breakouts against a strong trend
- ale73a replied Sep 11, 2010
I was checking on some pairs, just to be sure this way of trading is profitable even if there are several fake signals (using the tightset stop loss possible, one tick over/under setup bar)...look at this: 7 setups in few hours and just a loser ...
fake breakouts against a strong trend
- ale73a replied Sep 9, 2010
In THE NEXT CHART we could take 15 pips gain with 5 risk becouse: when price at the blu line we move stop loss from red to black line (be) when price at the green line we move stop loss from black to blue line (+5) when price at the magenta line we ...
fake breakouts against a strong trend
- ale73a replied Sep 9, 2010
Thank you moderators, I'm glad to see I was moved away from "rookies"
fake breakouts against a strong trendIf this method will pass backtests it can be used mostly as a scalping system. For example: strong down trend last swing high @1.2850 new swing high @1.2851 the price go ...
- ale73a replied Sep 9, 2010
here is another case in which the first swing high is not very clear...if we entered we won image
fake breakouts against a strong trend
- ale73a replied Sep 9, 2010
A candle makes a new swing high B candle first goes over it then retraces and we enter on black line (1 pip under A max) stop loss is the red line (1 pip over B max) we could have reached many targets (blue, green line and so on) with a very goog ...
fake breakouts against a strong trend
- ale73a replied Sep 8, 2010
I'm so tired now
fake breakouts against a strong trendsoon after there was a winning trade and another one,.,,tomorrow I'll put other charts...goodnight all
- ale73a replied Sep 8, 2010
leave out this one (the 3rd setup of the downtrend) 'cause it's not very clear even if it would be winner image
fake breakouts against a strong trend
- ale73a replied Sep 8, 2010
SECOND SETUP we 'd take profit at green line after touching pink line image
fake breakouts against a strong trend
- ale73a replied Sep 8, 2010
Thanks Eric but I must sleep at night
Buildcity's Trading Journal(and EJ spread is not good for me) Read you soon Bye
- ale73a replied Sep 8, 2010
Thank you Unnamed
fake breakouts against a strong trendI see what happened when these setups come true, then I take my decision using a good ratio rr
- ale73a replied Sep 8, 2010
It's a bit messy, it's the first setup of the main chart, now try to explain the rules: In a strong down trend (blue ma>red ma>green ma) we have a high swing A @1.4850 few candles later price makes the breakout B until the new swing high C then ...
fake breakouts against a strong trend