Konviction's Breakout experiment [beta 1.0]

Discussion in 'Journals' started by konviction, Jan 5, 2011.

  1. Hey Kon, it took me 2 reads to fully grasp the strategy. I have to tell you that it looks good and very workable. However, it seems you need to have balls of ore or trade small positions (with lower returns) to be able to handle this kind of a trade.

    I, personally wouldn't use this method as u sometimes put 6% out. If you take a hit, it's felt deep. I also am a minimalist freak, so this would play havoc with my head!.

    However, despite that, I think if u have high tolerance, this is something that can work. Well, the proof is very alive as can be seen with your live FAS trade today. I will follow this thread with anticipation of your success.


    Good Luck,

    SM
     
    #21     Jan 6, 2011
  2. I remember hearing that name before. I'll do a search on him.
     
    #22     Jan 6, 2011
  3. Thanks sam.

    For now, most the trades are done on demo. So if it doesn't work, then I just lose a few months of my time.
     
    #23     Jan 6, 2011
  4. ok guys. Great example here. Almost at the last target, and I got an OCO order in. Either way, I'll make good pips on this trade.
     
    #24     Jan 6, 2011
  5. got long some fas again. 30.42 target to T1. 29.89 stop .
     
    #25     Jan 6, 2011
  6. Target hit, moving stop to b/e. + .14
     
    #26     Jan 6, 2011
  7. fas chart.
     
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    #27     Jan 6, 2011
  8. Looking at YM e-mini. Never tried day trading futures on this system before. Lets see how it goes :D .
     
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    #28     Jan 6, 2011
  9. short 1 @ 11651
     
    #29     Jan 6, 2011
  10. Beautiful!. +75.00

    I think I'm just getting lucky on these trades lol.
     
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    #30     Jan 6, 2011