DTU - 2 Day High / Low Breakout Trading

This thread is for anyone who wants to discuss the advantages and disadvantages of daytrading using techniques learned from Daytrading University - namely Sector Based Trading using 2 Day High / Low Breakouts.

It is by no means to advertise for DTU, but is primarily for traders who have used the DTU approach to discuss their experiences and hopefully learn something new from each other - which may have been missed during the learning process.

I am not using this approach at the moment, but I do plan to return to it in 2007.

If anyone who has not used the approach is interested in asking questions, please do some basic research first at the DTU website to get an overview of the approach - it will save everyone a lot of time.

Regards,

Do we have any DTU traders here at all?

To start, what I did not like during the 3 monthly live morning traderoom, was the inability for traders to post open questions.

Questions had to be posted to the moderator, who would answer to the group by noting the comment. I am sure that all comments were not posted, as some of mine did not appear to the group.

The reason given was that it caused too much distraction, which I did not agree with.

Looking back, this is really unacceptable and is putting restrictions on the ability of participants to learn. In my opinion, it was a very unprofessional approach, and I actually left the training after about 6 weeks due to this restriction.

Now some good points.

This strategy does actually work - I proved it to myself with 100 share lot trading.

However, I did have to make some adjustments to multimonitor screen layouts and sector selection.

The main focus - buying / selling breakouts of the PDH or PDL after the price clears the round number, has a very high % follow through.

How much, or for how long, the follow through will last, is another question.

So you must be fast and be willing to bail at the first sign of a reversal on the 1 min candle.

Only leading sectors should be traded - as this increases the odds further