This is a discussion on 15 minute breakout trading strategy within the Discretionary Trading forums, part of the Methods category; Hello all! Just trading I'd show chart my breakout trading strategy. It could'nt be any more simple, yet it works Community Links Members List. May 18,8: It could'nt be any more simple, yet it works and the risk: Forex based on breakout of forex ranges. Were min for a trend trading to have been tested at least 2 times, however the more times the better. We're not going to bother with technical indicators, they'll just put doubt in your mind and cloud your judgement. So what we want is a good established channel, as aforementioned preferably one thats been tested at least twice. We'll keep it simple and boring and use a good old min chart; easy to read! Once price has broken out of the established range we'll wait for it to close on min breakout. We're using a 15 minute chart guide it gives a more reliable confirmation signal than the 10 or 5 minute. Plus I get tired of continually staring at charts, it really is'nt that fun! So once price has broken out, we simply wait for the 'drawback'. You can see this highlighted on the chart. This is basically where price has doubts about its new found ground and wonders whether he preferred the old life in the channel. This also gives us a chance to enter at a better price. So we enter towards the end of the 15 period, or on the close of that period, knowing that the likelihood of the price drawing back to the channel is minimal. We set out our profit target for roughly the width forex the previous channel. We set our stops as just inside the channel to give it room to breath if it does drawbackand test the level. As can be seen from the above attachment, min trade worked to plan. I closed this trade as my targets had been met however as you can see if I had off stayed in the trade there was room for further profit. Trading out the below aswell. Chart there we are, a simple strategy in the making. Let me forex your thoughts. May 19,1: Most of the traders on there dont have a rigid strategy. May 19,2: YOU FORGOT THE WOOF! My sports guide challenge: May 19,6: Originally Chart by shadowninja. May 19,7: Last edited by pssonice; Guide 19, at 7: Chart Tools Show Printable Version. Search trading Thread Advanced Search. LinkBack LinkBack URL About LinkBacks. Notices Join T2W today and enjoy a great package of benefits Originally Posted by shadowninja YOU FORGOT THE WOOF! Jun 2, Jul 16, 6: Apr 12, 7: Trade Management when to sell when trading a Guide Strategy. Feb 28, 6: Currently Active Users Viewing This Thread:
any chart forex sinhala trading strtergy with indicator
any chart forex sinhala trading strtergy with indicator
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