Box breakout pro scalping

[15 min tlb]

Long 1.3173 stop 8 , 3 positions

-9

Out now at 70 - cause yesterdays resistance at 78 has not been broken.


Will wait for new set up with good support .

 

[15 min tlb]

-9

Out now at 70 - cause yesterdays resistance at 78 has not been broken.


Will wait for new set up with good support .

The 78 resistance is holding

Must always look at context and 15 min charts for support and resistance .Tick charts alone can lose the overall context.

 

[15 min tlb]

Long at 73 stop 12 , 3 positions

Double bottom at around 70 and confirmed support with bounce back above diagnol trend lines on tick charts and 15 min charts.

 

[15 min tlb]

Long at 73 stop 12 , 3 positions

Double bottom at around 70 and confirmed support with bounce back above diagnol trend lines on tick charts and 15 min charts.

out now -1, overnight move ,not much volatility will wait for fresh move , potential down channel.

 

[15 min tlb]

TLB, right now, your system does not work, you're still buying at the top of every move as if you're expecting every up move to be a break out....every move has a retracement, try wait for the retracement (38% on Fib for example) before entering the trade, you'll probably enter the trade just when you would have originally had your stop, you'll give yourself a much better chance..

I'm sure you'll get it right just as long as you refine your system...

You are a gentleman and a scholar.

That sounds great , it would work in choppy markets ,but not in strong trending markets .At 38 % retracement , the support and momentum should still be there.

It works great

Fibonacci Retracement: Video - Bloomberg

I like to trade with the support of moving averages and when resistance becomes support or support becomes resistance , otherwise there can be a load of false trades.That is why I trade at tops and bottoms.

 

[15 min tlb]

Here is a nice double bottom scalped not called here .

15 min is down

 

[15 min tlb]

Long 1.3173 stop 20 , 3 positions

 

[15 min tlb]

Long 1.3173 stop 20 , 3 positions

There go the shorts me thinks

 

[15 min tlb]

Long 1.3173 stop 20 , 3 positions

out 1 +10

rest to b/e -5

 

[15 min tlb]

out 1 +10

rest to b/e -5

Out second at 87 , rest to 79

Locked away +30

 

[15 min tlb]

Out second at 87 , rest to 79

Locked away +30

out at 85 , +36 , (-46 for week)

 

[15 min tlb]

out at 85 , +36 , (-46 for week)

-58 for week including this morning losses of 9 and 3

 

[15 min tlb]

Long 1.3185 stop 6 ,2 positions

 

[15 min tlb]

long 1.3185 stop 6 ,2 positions

-12

 

[15 min tlb]

Long at 81 , 2 pos stop 12

 

[15 min tlb]

Long at 81 , 2 pos stop 12

out 1 at 87 , second at -6 stop

 

[15 min tlb]

Long at 81 , 2 pos stop 12

The trade bounced of fib 38.2.

You can also trendlines bounce of tick charts

 

[15 min tlb]

out 1 at 87 , second at -6 stop

out - 2

 

[15 min tlb]

Long at 82 stop 12 ,1 position

 

[15 min tlb]

long at 82 stop 12 ,1 position

out - 1- don't like set up