Improvise Daily Breakout Strategy

HEY ! Im excited! I've made an improvisation strategy !


I'm here to set out an improvise version of Daily breakout strategy. I know there's ALOT of Daily Breakout Strategies. But as for me, I improvise my own so that I can take the opportunity of grabbing pips when there's available. Its not that risky in my own opinion. Hold your thoughts and try it out. Backtest it and compare first. Then we can share opinions together.

Ok here goes:-

Time frame: Daily only

Buy @ Previous bar high
Sell @ Previous bar low

Take profit : 20pips
SL: Now here's where's the trade management comes in.
Set your stop loss at Previous Bar High when your going SHORT. or
Set your stop loss at Previous Bar Low when going LONG.

This stop loss is temporary !
Once price trigger either Buy or Sell pending order, switch to 4HR time Frame.
If price hits your TP, congrats ! If not, wait till the current 4HR bar to completely form and when the next 4HR bar starts, move your stop loss at the previous 4HR low/high + 5pips. And continue to trail your stop this way until price hits your TP or hit your stop loss OR close your position before a new daily bar starts.

I've only started to backtested it on EUR/USD.

This method good for me as Im working and will only need to monitor every 4HR if price have not reach my TP/SL. Im also looking to set a price email alert when it triggers Buy/Sell order. Sometimes it doesn't trigger, which means an Inside Bar have formed.

Guess thats it. Try it out alright!

I will try to post some screenies on this strategy.

Trading - The Holy Grail

The Holy Grail

Holy Grail - Ain't it ?

The Holy Grail. The Ultimate Solution. The Perfect Thing On the Planet.
Ever searching for the ONE and the Only ONE ?
Some of you might think that this is another scam or fake article.
Well, read on to find out more, and you will find the Holy Grail you're looking for.

And I ain't bluffing.

The Real Deal



You !

Here's the deal. You came here, you want the thing you want you have been searching for and get out.
But wait - it ain't like that at all. Let's cut the chase.

You might want to know, have you found the Holy Grail you've been seeking?
Yes.

But Where?

Well the answer is....

You're looking at it. Nah~ Not this article.

You have actually found it.

Really? Really really?

So where you're ask? Well let's be straight. the Holy Grail is actually -

YOU !

Yes! It's you all this while!

You might go - "What?!, This is a scam!"

But think again. What's a holy grail? Something you can find like some sort of a strategy or a system or perhaps guides that you can follow or use to get the things you want. In this case, absolute profit in your trading. Or maybe no Losses, just Wins.

If that ever exist, we're living in a perfect world. But no, we're not. We have ups and downs and that something in life will happen to all of us.

Reason is You

When you're trading, you face the market. You place your favourite indicator and your good luck charm trendlines.
What's next? You wait for a signal, then a trade. But who makes that decision? You.

So what does the indicator does. Indicate.

What about trendlines, S&R and etc etc ? Its all about your decisions. Your intuition. Your patience. Your mindset.
You control yourself. You make the decision to take a trade. You can have all the Wins you want. You can have all the profits you want.
You set the target and you set your stop loss. You set your game plan. Its all You.

Self. Ultimate barrier



The Great "Barrier"

You can control what you plan means you can control your life. Yourself is your ultimate barrier.

Ever heard, turn over a new leaf? What is it you need to do? Change you and yourself. You will become a better person.
Toughest challenge but can be done. Look into the mirror, stop everything in your mind and think. Out of the box.

Have a plan, Follow and execute your plan. You are the man/woman of your words. People will trust and respect you.
In this case, the fellow traders will respect and look up to you.

Respect on your decisions. Respect what you think because it's logical, rational and factual.

Holy Grail - You

You are the holy grail.
It's true.
When you are, you already become. not just good, but successful trader and as a person.

Believe in yourself, you will become confident. No indicators or systems or strategy will make you successful or rich or profitable.
You make that by your own means.

Believe in what you do. Set a game plan. Follow.
Don't be greedy.
Appreciate of what the market gives you.
Appreciate about the stop loss you have placed.

There's no better Holy Grail other than -

You.

Follow me @ Twitter - teh5th[at]Twitter

a Start

Came upon here through a link from twitter?
Or maybe from the Great Internet itself. But wherever or whoever you are, you won't miss a thing here.

It's still new here and its nothing new.
Here will be something different from my lenses in Squidoo. (Great information and insights from MY own perception, read again - MY OWN PERCEPTION)

Most probably here will contain information that might be either useful or just additional knowledge.

Like I always believe, Knowledge is Power.
SHARING Knowledge is Ultra Power.
Get this, here will be just information. Knowledge.

This is just - a Start -.
Wait for more....



Follow me @ Twitter - teh5th[at]Twitter