This is funny,
These guys feel like they hit the holy grail trading weekly/daily breakouts like mad.
They are taking RH breaks.
Yikes. And many of them are banking LOTS of pips.
It's amazing the detail though that they have learned about S/D in only a few yrs of trading.
"Beginning traders are always waiting for pullbacks because they are scared, Professional traders take breakouts." Al Brooks
"Some tips, these are VERY important:
Don't overestimate your knowledge of the markets
Take breakout trades only based only Daily and Weekly scenarios. The lower the timeframe the more noise you will find and the more losses you will have
Take the most obvious ones based on pre-CPs that go with the direction of the main trend and has a bigger timeframe in control
DO YOUR HOMEWORK (tests). Test these scenarios on Forex Tester for a few weeks before taking any live trades. The fact that I'm taking them and work for me DOES NOT mean that they will for you. I'm taking them because I've done my homework, will you do yours? If you don't, you know the results you will get
Don't take the trades just because I take them and they work, you have to built in that knowledge and experience in your neurons by consistently testing the scenarios"
Alphonso M.
http://www.set-and-forget.com/What trips me out is you'd think they would at least enter on a TTE .
Then possibly add on the RH break.
Hmmmmm
Doesn't matter 2:1 is good too. LOL