Daytrading breakouts in the ES

db,

I sometimes trade your breakout method in the Simplicity thread. But it seems that whenever I don't take a trade, it works, but when I do, it turns out to be a false breakout. I think your method also has a lot of validity. Do you have any other tips/updates on how to use this method effectively?

thanks,
lux
 
Quote from himself:

The Stock Traders Almanac says in 20 yrs 1981-2001
this day has been up 71% of time.

Whether that has much/any predictive value, who knows?
More...

You find Frank Taucher useful?
 
Quote from luxor:

db,

I sometimes trade your breakout method in the Simplicity thread. But it seems that whenever I don't take a trade, it works, but when I do, it turns out to be a false breakout. I think your method also has a lot of validity. Do you have any other tips/updates on how to use this method effectively?

thanks,
lux
More...

Yes, but I won't be posting it until the issue of moderation is resolved. I don't have time for the Walters of the world.
 
Quote from Vienna:



You find Frank Taucher useful?
More...
This almanac is by Yale Hirsch.

I would not trade based on it,
but I would refuse to take a trade based on it.

For today, I'm long or I'm gone
 
Quote from Vienna:

Anyone took this one in the morning?

I did, stopped out -1.5 pts
More...

No. You may want to re-consider the aspect ratio on your chart window. I've noticed that some of you have your windows so scrunched-up that practically any trend at all looks like a strong one. Therefore you end up taking trades that are hardly trending at all. Having a misleading aspect ratio also lengthens the candles/bars so that nearly every candle looks like an expansion bar that's really going somewhere when it's really going pretty much nowhere.
 
Quote from dbphoenix:



No. You may want to re-consider the aspect ratio on your chart window. I've noticed that some of you have your windows so scrunched-up that practically any trend at all looks like a strong one. Therefore you end up taking trades that are hardly trending at all. Having a misleading aspect ratio also lengthens the candles/bars so that nearly every candle looks like an expansion bar that's really going somewhere when it's really going pretty much nowhere.
More...

can you show me what you mean?
Show how you have them set up...

Thanks
 
You must log in or register to reply here.
Back
Top