Interesting emini method...

I am assuming that since your name is Breakout that you prefer breakout strategies? The only problem I see with this strategy is, like the website says, you aren't going to get anything out of the market when it isn't trending nicely.

aphie
 
Originally posted by aphexcoil
I am assuming that since your name is Breakout that you prefer breakout strategies?


Right...breakouts of support and resistance levels
are my preferred trades.



The only problem I see with this strategy is, like the website says, you aren't going to get anything out of the market when it isn't trending nicely.



Okay...then maybe we should only take the first
signal? Maybe, only take signals when ADX is trending up?
More...
 
Breakout,

We have very different trading philosophies. I am a big fan of moving averages, candlesticks and the actual tape (price movement).

I'm not saying that a breakout system isn't good (Didn't Larry Williams mainly trade a breakout system to 100x his 10k investment?) -- but from what I've seen, a strategy based around using a good moving average technique is also a very viable and workable system.

I believe breakout systems have a low percentage of winners that are very good winners, as compared to a larger number of smaller losses.

That kind of strategy wouldn't mesh well with my personality -- but I'm sure a good breakout strategy would work great if someone had the discipline to follow it and accept a string of losing trades for that big winner -- but I wouldn't have the discipline to trade that type of system.

aphie
 
Originally posted by aphexcoil
Sorry! Any other breakout Wizards on this board??

aphie
More...

LoL...I think it's just you and me, partner. I think everybody
else is watching the football game. Which reminds me, I think
Agassi and Sampras are playing now. Talk to you later.
:)
 
I also used to trade breakouts but have taken them out of my trading plan because of the high number of false breakouts in the mini's.

But I added this to my plan. "A false signal is a strong signal"
 
I've been using both breakouts and moving avgs
in my 5 min emini setups.

I would say that in the past month, breakouts
have been working better for me than moving avgs.
 
Originally posted by Dizzyspell
I also used to trade breakouts but have taken them out of my trading plan because of the high number of false breakouts in the mini's.

But I added this to my plan. "A false signal is a strong signal"
More...

When you took breakouts out of your trading plan, what did
you fall back on...pullbacks?
 
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