I doubt if you use the ATR to dimension the range or mark it only visually.
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I doubt if you use the ATR to dimension the range or mark it only visually.
Really useful your mention of basic macro analysis, that can make the difference between a simple breakout and a sustained breakout.
I loved the part where you explain that it's not a high-frequency system, but a high-probability system.
But there are assets that break without pullback. Don't you think sometimes that wait leaves you out of the most explosive movements?
Very good point about placing the SL at the opposite end of the initial range. That's where it really makes sense.
I wonder how big those ranges are on average. Do you use ranges of days or a few hours?
That kills accounts every day.
Still, I still believe that there are times when waiting for such confirmation reduces the R/R potential of the operation.
Thank you for explaining the ruptures with increasing volume. It is a nuance that few people stand out.
I have the question of whether you filter through session times. Do you prefer breakups during London or NY?
Very good idea is to evaluate the macro context to give greater weight to the ruptures in the direction of fundamental bias.
But if the range is too narrow, aren't you taking a very high risk by placing the SL so far away?
I found it particularly valuable to segment your batch into two parts to better manage TPs.
I still think that in low temporalities, the amount of false breaks makes this method more difficult to apply.
Great explanation on how to combine structure, volume and macro context. Very complete.
Still, how do you manage the days of high volatility where the price cleans both sides of the range before deciding?
Thank you for your honesty in sharing that some days there are simply no valid setups. That speaks of real discipline.
I wonder if you've tried incorporating any peer correlation filters to validate the breakups.
Very successful the concept of waiting for closure out of range, not just temporary spying.
However, if the breakup occurs in Asian time, do you consider breakout as reliable as it is?
Thank you for bringing an approach that gives priority to the quality of the trade rather than the number of operations.
But I still think that in news moments breakout becomes much more unpredictable, no matter how much volume you see.
I love how methodical you are with validation of each phase before firing an operation.
Do you use any statistical ratios to measure how effective the breakup of the range according to the pair is? For example, % of successful breakout.
Great teaching is that of not seeking the perfection of the setup, but the long-term consistency.
Although I still believe that always waiting for a pullback after rupture can be a double-edged weapon according to the asset.