No Brainer Breakouts or How An Early Bird Catches A Worm

Discussion in 'Journals' started by JSSPMK, Oct 30, 2009.

Will I win or will I lose by the end of November 2009?

Poll closed Nov 6, 2009.
  1. Win

    21 vote(s)
  2. Lose

    12 vote(s)
  1. No brainers are no gainers.
    #31     Nov 3, 2009


    And the longer the period price whipsaws within a range the bigger the reward. But another key component is to limit greed, therefore target is 20.5, not 100.5 :)
    #32     Nov 3, 2009
  3. How about doubling up at 20.5 and tightening the stop and go for maximum sushi?.
    #33     Nov 4, 2009


    No way Jose. Remember amigo - no greed :)

    This system ought to generate a daily average of 0.5% ROI, not per margin requirement, but actual trading capital x 190 trading sessions=~95% annual return. (I have used £2000 capital for this & margin is x 45 the stake.)
    #34     Nov 4, 2009
  5. You really had 4 whipsaws already?.

    What is the UK betting shop that lets you play so small?

    The high of the after hours range on 11/2 for your paper trading/betting exercise was 1041.50 approx, not 1038.75, fwiw.
    #35     Nov 4, 2009


    Yes I am aware of that, I failed to state that I would be taking Hi/Lo from an initial AH range on a 30m chart, not all of it. I did say that 10.25 range was quite wide, so it would take more time to break out of.
    #36     Nov 4, 2009
  7. OK. So, let's say that you take the range of the pre-Europe opening. I can also clearly see 4 whipsaws.

    What about the name of the UK betting shop?

    Here's some coffee to stay awake. Cheers:
    #37     Nov 4, 2009


    Google it :)
    #38     Nov 4, 2009
  9. Please return my coffee.

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    #39     Nov 4, 2009
  10. jjf


    boiled rice and coffee. now there is a balanced diet
    #40     Nov 4, 2009