No Brainer Breakouts or How An Early Bird Catches A Worm

[JSSPMK]

Oh boy, overslept again

Levels should have been 1064.75-1071

Instead they are 1064.75 - 1073, targets 1056.50 for short & 1081.25 for long

 

[romik]

Quote from JSSPMK:

Oh boy, overslept again

Levels should have been 1064.75-1071

Instead they are 1064.75 - 1073, targets 1056.50 for short & 1081.25 for long

You need another coffee my boy. My calculator has targets 1089.50 & 1048.25

 

[JSSPMK]

Quote from romik:

You need another coffee my boy. My calculator has targets 1089.50 & 1048.25

You're correct, sorry.

 

[JSSPMK]

Quote from JSSPMK:

Oh boy, overslept again

Levels should have been 1064.75-1071

Edited: Instead they are 1064.75 - 1073, targets 1048.25 for short & 1089.50 for long

0.16*16.5=+2.64

Total: +2.64

 

[JSSPMK]

1092-1087.50 targets Long 1101 & Short 1078.50

 

[JSSPMK]

Quote from JSSPMK:

1092-1087.50 targets Long 1101 & Short 1078.50

0.16*4.5=-0.72
0.32*4.5=-1.44
0.64*4.5=-2.88
1.28*9=+11.52

Total: +6.48

 

[Now is Now]

Quote from JSSPMK:

0.16*4.5=-0.72
0.32*4.5=-1.44
0.64*4.5=-2.88
1.28*9=+11.52

Total: +6.48

Nice 1 again...this looks like fun for a kids piggy bank

 

[JSSPMK]

Quote from Now is Now:

Nice 1 again...this looks like fun for a kids piggy bank

Casinos hate this strategy, hence their upper limit rules.

 

[JSSPMK]

Should have been 1095.50-1098.25

I used 1089-1098.25 (overslept, again)

Long target 1116.75
Short target 1070.50

 

[TulsaTrader]

This method would probably work well on Forex at Oanda where you can start out with really small positions.