Comments on: My Forex Breakout Strategy Revealed http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html Best Online Forex Indicator Guide Tue, 31 Jan 2012 06:01:15 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Kelvin http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html/comment-page-1#comment-7377 Kelvin Tue, 31 Jan 2012 02:36:36 +0000 http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html#comment-7377 Hi ajose It looks like you have a confluence of BB and Stochastic but not the RSI. Whether you are going to enter a trade depend on you. There are times where the trade is profitable even if there is confluence of BB and Stochastic. There are also times when the trade ended up as a loser even when 3 of them are aligned. What you must do depends on your risk level. If you are willing to take more risk, you can always enter when 2 indicators are aligned. You will still be profitable as this will give you more traders. However if you are a very careful person, you can wait for 3 of them to align as it will give you higher probability of winning. In return, you may only have a few traders every month. Hi ajose

It looks like you have a confluence of BB and Stochastic but not the RSI.

Whether you are going to enter a trade depend on you. There are times where the trade is profitable even if there is confluence of BB and Stochastic. There are also times when the trade ended up as a loser even when 3 of them are aligned.

What you must do depends on your risk level. If you are willing to take more risk, you can always enter when 2 indicators are aligned. You will still be profitable as this will give you more traders. However if you are a very careful person, you can wait for 3 of them to align as it will give you higher probability of winning. In return, you may only have a few traders every month.

]]> By: ajose http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html/comment-page-1#comment-7371 ajose Mon, 30 Jan 2012 10:54:28 +0000 http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html#comment-7371 Sir.I'm hoping to read from u,Now the question is price approaching resistance level of bb stochastic reach it high peak and started to curve down and space apart however rsi doesn't follow stoch alway up to the top and remain at bearish 50mark dividing line or on the bullish/bearish borderline.Sir what's happen here? Should I ignore or sell? Y/N.explain for your advice is encouraging.keep good work. Sir.I’m hoping to read from u,Now the question is price approaching resistance level of bb stochastic reach it high peak and started to curve down and space apart however rsi doesn’t follow stoch alway up to the top and remain at bearish 50mark dividing line or on the bullish/bearish borderline.Sir what’s happen here? Should I ignore or sell? Y/N.explain for your advice is encouraging.keep good work.

]]> By: Kelvin http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html/comment-page-1#comment-7337 Kelvin Fri, 27 Jan 2012 02:47:27 +0000 http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html#comment-7337 Hi Gill I am glad that you like the information in this website and I am flatter from the Professor word you are using on me. As for the indicator, are you referring to PSAR which has the blue and red dot above or below the candlestick? Hi Gill

I am glad that you like the information in this website and I am flatter from the Professor word you are using on me.

As for the indicator, are you referring to PSAR which has the blue and red dot above or below the candlestick?

]]> By: Gill http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html/comment-page-1#comment-7292 Gill Fri, 20 Jan 2012 03:14:25 +0000 http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html#comment-7292 Ah Kelvin I only found your website last night after I blew up my first account hehe - I just gazed at the screen and said ah well, that taught me a big fat lesson - and here I am learning. It wasn't a big loss but it hurt a little all over one unexpected long bear candle and the fact that I placed a very risky trade without thinking it through. Well I just wanted to say thank you so much - you are a great teacher - I am only starting your lessons but already learning so much. So far I have been using a support and resistance indicator on MT4 called support and resistance barry - you know it? It's like blue and red dots. What do you think of that indicator? I have to learn how to draw support and resistance lines myself (from Professor Kelvin of couse) Gill (Ireland) Ah Kelvin I only found your website last night after I blew up my first account hehe – I just gazed at the screen and said ah well, that taught me a big fat lesson – and here I am learning. It wasn’t a big loss but it hurt a little all over one unexpected long bear candle and the fact that I placed a very risky trade without thinking it through. Well I just wanted to say thank you so much – you are a great teacher – I am only starting your lessons but already learning so much. So far I have been using a support and resistance indicator on MT4 called support and resistance barry – you know it? It’s like blue and red dots. What do you think of that indicator? I have to learn how to draw support and resistance lines myself (from Professor Kelvin of couse)
Gill (Ireland)

]]> By: NeedPiPs http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html/comment-page-1#comment-3043 NeedPiPs Thu, 24 Feb 2011 11:51:31 +0000 http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html#comment-3043 Hi Kelvin, Thanks for your informative and wonderful site. I did apply Trend Channeling on AUD/USD on 15 minute chart. I would have got around 60 pips but couldnt wait and closed at 40 pips. All three conditions were met MACD/Stoch,(I used RSI also). I hope it works for me in future also. Thanks HA Hi Kelvin,

Thanks for your informative and wonderful site. I did apply Trend Channeling on AUD/USD on 15 minute chart. I would have got around 60 pips but couldnt wait and closed at 40 pips. All three conditions were met MACD/Stoch,(I used RSI also).

I hope it works for me in future also.

Thanks
HA

]]> By: Kelvin http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html/comment-page-1#comment-1161 Kelvin Sat, 21 Aug 2010 08:35:06 +0000 http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html#comment-1161 Hi Abiodun The main problem with break trades is fake out and therefore you have to be able to minimize the impact on your trade in order to profit. One of the way will be through the use of MACD indicator. Hi Abiodun

The main problem with break trades is fake out and therefore you have to be able to minimize the impact on your trade in order to profit. One of the way will be through the use of MACD indicator.

]]> By: Abiodun http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html/comment-page-1#comment-1008 Abiodun Mon, 09 Aug 2010 12:47:24 +0000 http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html#comment-1008 Many times, RSi and stocastic fake out. Many times, RSi and stocastic fake out.

]]> By: Kelvin http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html/comment-page-1#comment-944 Kelvin Thu, 05 Aug 2010 09:37:33 +0000 http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html#comment-944 Hi If you are looking for short term trading indicators, you can look at the oscillator like the RSI or stochastic. Hi

If you are looking for short term trading indicators, you can look at the oscillator like the RSI or stochastic.

]]> By: Abiodun http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html/comment-page-1#comment-911 Abiodun Mon, 02 Aug 2010 22:21:04 +0000 http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html#comment-911 Hi, pls i have been searching and testing indicators for many weeks now. pls i only need indicators that can tell me very short trend-say 5 to 10 minutes. thanks Hi, pls i have been searching and testing indicators for many weeks now. pls i only need indicators that can tell me very short trend-say 5 to 10 minutes. thanks

]]> By: Kelvin http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html/comment-page-1#comment-632 Kelvin Wed, 14 Jul 2010 05:45:27 +0000 http://www.forexindicator.org/my-forex-breakout-strategy-revealed.html#comment-632 Hi Boyxx The breakout strategy works for all time frames. As for the time frame to use, it all depends on your trading style. If you are a day trader, you can go with the 15 minutes chart and if you are a position trader, you can go with the hourly or daily chart. Do note that the higher the time frame you use, the more movement you will get. Hi Boyxx

The breakout strategy works for all time frames. As for the time frame to use, it all depends on your trading style. If you are a day trader, you can go with the 15 minutes chart and if you are a position trader, you can go with the hourly or daily chart. Do note that the higher the time frame you use, the more movement you will get.

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