Konviction's Breakout experiment [beta 1.0]

Quote from konviction:

Stop and reverse on gbp/usd. Stupid me didnt have a stop in place. Glad i woke up when I did.
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Looks like the bear trend is wanting to continue its downward momentum. I'm going to bed now, but targets are in place.
 

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Well I was wrong about the downward momentum. Price revered, yet again, leaving me with two big losses

- 614
- 479

At the moment, I'm up 765.00 .
 

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Havnt made any new trades for this month yet. Been busy, and still holdig my gbp/usd trade. Took a 479.00 loss on gbp/usd on a s&R (stop & reverse), but that was all.

ytd pnl 1,112.27
 
Sold my gbp/usd finally. Wont post chart because I traded against my rules, but I did make a profit. Will post some charts later of other trade setups.
 
Quote from konviction:

so far so good on my g/j short. Getting near t2.
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Looks like Gann 1/8th lines on your chart. Might I suggest a short and long term momo indicator to fix your position more clearly?
 
Quote from RCG Trader:

Looks like Gann 1/8th lines on your chart. Might I suggest a short and long term momo indicator to fix your position more clearly?
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Not sure how that would really help me..? Besides, the whole point of this thread is to create a very simple breakout method using just a few lines...nothing complicated.
 
Quote from konviction:

Not sure how that would really help me..? Besides, the whole point of this thread is to create a very simple breakout method using just a few lines...nothing complicated.
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I see, carry on.
 
Is this thread dead? Seems posts have just stopped.

Well I thought I'd add this thread's strategy to my sim trades.

Below is the sim trade I took based on Kon's trades. Went long 2 contracts, took 1 off at 50% and the 2nd was stopped at BE.

Initial S/R Range: 44 points
Profit: +22

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