SuddenDeath
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Hi London Lad how u doing
SD, I was thinking / observing a potential strategy. Not sure, how to test it really, but here it is. Will appreciate if you have any ideas on how to test it.
Conditions:
FTSE100 on a 10M chart, whenever bollinger bands are in the range of 30 or below (the tigher the better)
Entry: Enter at midpoint or closer to midpoint with one short and one long (can use two accounts if want to).
Limit on both to be of 30 and stop loss on both to be of 20.
Idea is that when the breakout occurs, in either direction. It will be break out of BB, and if your BB is about 15
points of less away from either breakout, then you will catch the up or down rift movement. Your alternative entry will stop at 20, and while your winner will stop at 30.
In essense it will give you 10 pips. If it works, then you can tradesize accordingly to make it worth your while.
.. on ftse 10min chart when u see market make to higher lows place a buy stop at the high of the bar which made the second higher low.
or wait for two lower highs and place a sell stop at the low minus 1 of the second lower high,
test them out.
Yes I am doing fine, thanks.
yes, but it will fall at 10-15 points after the close. It usually happens. so i am short 4650. sl 10 points
stop b/e
always amend to break even when it goes 10 points or more ...or some times even earlier depending on the confidence of my trade!!
but I got back in log @ 4708 again .........
4680..................key level now once again!!
Good stuff fast trader. So how do you know about this? When FTSE having a sell-off, it always falls towards or after the end?