Quote:
Originally Posted by Clint
No, I don't use a trailing stop.
Yes, I enter with a 30-pip SL, and a 10-pip TP.
I haven't taken a loss yet, but I have had the price move against me by about 10 pips on two occasions. When that has happened, I have had my finger on the button, ready to exit if it goes further against me. If and when a loss comes, I expect it will be less than 30 pips, because I just won't let it run that far.
As for your theoretical 80/20 win/loss ratio, I like my actual 100/0 results much better.
Clint
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I'm sure you do. Can't argue with that
Quote:
Originally Posted by Clint
(1) Breakouts have been occurring roughly between the time that Zurich opens and the time that London opens, five to six hours before New York opens. In other words, I think U.S. participation in the buying/selling pressure which causes these breakouts is minimal; and a U.S. holiday should have little to no effect on this strategy.
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I am actually having a little more success using the start of the London session and breaking out from there. It's marginal though and the highs and lows may be very similar - need to have a bit more investigation into it. Any reason why London traders would jump on a move or high/low already made by Frankfurt?