Konviction's Breakout experiment [beta 1.0]

Looks like that final target wasn't too bad. Getting some retracement now.

 

There's the close. Price retraced all the way to above the entry point for the initial short break out. Kospi is a tricky instrument.

 

Roark...not sure I follow your entries and exits... can you mark them on your charts?

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Here was my FAS day trade from the other day. T1 and T2 targets hit within the first hour.

 

Got my buy stop order in for tomorrow if we break highs. I was going to place a short order too, but it wont let me borrow shares. Anyone else have this problem?

 

Got long order in place on eur/jpy.

 

Here are some people that started breakout threads, for those that are curious.

jsspmk

gifropan

profittakgfool

pickerboy1369

cashmoney69

 

Here's a chart with entries and exits marked.

 

yup, looks good.

 

I would think USD/JPY would be set up nicely for you. Go long if it breaks 84.5 and short if it breaks 81. See the chart at http://www.elitetrader.com/vb/attachment.php?s=&postid=3052915

 

A great B.O. trader is BIGHOG. Ask him for help he is one of the best I have seen. Really knows what he is talking about.

pac