No Brainer Breakouts or How An Early Bird Catches A Worm

www.odlmarkets.co.uk will 50p per point on some products

 

10p is out there, right on Google

 

I guess your massive exitlongs order at 1059 yesterday stopped the market from going higher than 1058.50

 

Position still on, we need 20.5 NET points amigo

 

Great discipline friend.

 

Congratulations,

It was tough one to start with.....

 

So, what hours are u using to establish the Hi/Lo? From 4:40EST to 9:30EST (i.e. the total after hours action)?

 

Look at this chart. Imagine the pink vertical line (far left) is 4.30pm EST that's when range starts. All them bars are 30m ones. At open price went down and started going up. The first reaction Lo became the red line (go short there). Because price never went higher than the opening price we take opening price as current reaction Hi in that range & it is the green line (go long). Yellow line is the target. It is whatever the range is between red & green lines x 2. For instance Hi 1000 Lo 990 Target 1020 for longs & 970 for shorts.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2622751>

NIN TY!

 

0.16*10.25= -1.64
0.32*10.25= -3.28
0.64*10.25= -6.56
1.28*10.25= -13.12

2.56*20.5=+52.48

Total: +27.88

Next trade is tomorrow

 

How many times are you prepared to double up before you toss the towel or your account blows up?.