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Hourly Breakouts TRO style
Posted: Fri May 28, 2010 8:34 pm
by frang0nve
Hello,
I'll post here my trades using part of the idea that TRO disclosed here:
http://kreslik.com/forums/viewtopic.php?p=13167
In TRO words (I underlined the part that I use):
"REMEMBER, THIS IS SCALPING, DO NOT BE GREEDY!!
ALWAYS TRADE WITH H1 CANDLE COLOR
TRADING WITH D1 CANDLE COLOR IS SAFER THAN TRADING AGAINST
ONLY ENTER REVERSAL TRADES ON BAR 4 OR MORE OF A RUN
ONLY ENTER BREAK TRADES ON BAR 2 OF A RUN WHEN PRICE IS AT
THE HIGHEST HIGH OR LOWEST LOW OF THE PREVIOUS 3 BARS
ALWAYS CHECK THE NEWS EVERY HOUR BEFORE TRADING "
Cheers
Francisco
Posted: Fri May 28, 2010 8:59 pm
by frang0nve
1 Red Bar
2 First Blue Bar, High is higher than the 2 previous bars
3 Taking the trade when price broke above the high of the previous bar.
In this trade I was stopped out at +4.9 pips.
Cheers
Francisco
Posted: Sat May 29, 2010 2:55 am
by frang0nve
1 Blue Bar
2 First Red Bar, Low is lower than the 2 previous bars
3 Taking the trade when price broke the low of the previous bar.
In this trade I was stopped out at +12.2 pips.
Cheers
Francisco
Posted: Sat May 29, 2010 3:07 am
by frang0nve
1 Blue Bar
2 First Red Bar, Low is lower than the 2 previous bars
3 Taking the trade when price broke the low of the previous bar.
In this trade I was stopped out at +3.2 pips.
Cheers
Francisco
Posted: Sat May 29, 2010 3:26 am
by frang0nve
1 Blue Bar
2 First Red Bar, Low is lower than the previous bar
3 Taking the trade when price broke the low of the previous bar.
In this trade I was stopped out at +19.9 pips.
EDIT: this trade doesn't fulfill all conditions for the strategy as the break level is not under the low of the tree previous bars... But it worked!
Cheers
Francisco
Posted: Sat May 29, 2010 4:13 am
by frang0nve
Hello,
TRO was so kind to write this indicator:
But signals 1, 6 (red arrows) and 3, 5 (green arrows) don't respect the restriction:
"...WHEN PRICE IS AT
THE HIGHEST HIGH OR LOWEST LOW OF THE PREVIOUS 3 BARS"
Or I'm missing something?
Cheers
Francisco
Posted: Sat May 29, 2010 3:36 pm
by TheRumpledOne
"...WHEN PRICE IS AT
THE HIGHEST HIGH OR LOWEST LOW OF THE PREVIOUS 3 BARS"
I'll have to add that part.
Posted: Mon May 31, 2010 10:25 am
by frang0nve
1 Blue Bar.
2 First Red Bar, Low is lower than the 2 previous bars.
3 Taking the trade when price broke the low of previous bar.
In this trade I was stopped out at -10 pips.
Cheers
Francisco
Posted: Mon May 31, 2010 10:43 am
by avasfx
be careful today - its holiday in US and UK...