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Some easy lines for BillyKay's Patience, Discipline, Focus Strategy

mohishiplu

New Member
Hi traders,



So, here i'm showing some entries in backtest and I'm going to evaluate them 1 by 1. I'd also like to mention that I'm kind of an aggressive trader so, when I lose a trade but I also like to wait for some breakouts, to make sure that trend is going to resume or if it's going to reverse.



Here it is (Keep in mind this is sort of aggressive approach):

First things first. We are coming from a DOWNTREND (everything nice and RED)



1st trade (TIE): Breakout below RED EMA's. Breakout through Barry HIGHER LOW. White CCI LINE pointing DOWN. RED MIDDLE CCI LINE.



2nd trade (ITM): Breakout below RED EMA's. Breakout through Barry LOWER LOW. White CCI LINE pointing DOWN. RED MIDDLE CCI LINE



3rd trade (OTM): Breakout below RED EMA's. Breakout through Barry LOWER LOW. White CCI LINE pointing DOWN. RED MIDDLE CCI LINE. (It's okay to have losses too, since it's an aggressive style. However, We think, if we lost a PUT trade in DOWNTREND, it's probably because there is either a strong support, OR trend is starting to reverse, we then go ahead and take a 4TH TRADE.



4th trade (ITM): REMEMBER COUNTER-TREND RULES. Candles starting to close INSIDE the EMA's. CCI MIDDLE LINE GREEN (UPTREND). CCI WHITE LINE starting to go to 0 or past 0. NO RED BARS (only GREEN bars, GRAY bars OR NO bars). Last, breakout through the Barry LOWER HIGH.



5th trade (ITM): Breakout above GREEN EMA's. White CCI LINE pointing UP. GREEN MIDDLE CCI LINE. Breakout through Barry HIGHER HIGH.



6th trade (ITM): I know that market is repetitive sometimes, and it did the same thing after we lost 3rd trade, so IT MIGHT repeat the same pattern, also, the OVERALL trend is downward. So we go for it. (COUNTER-TREND RULES); Candles starting to close INSIDE the EMA's. CCI MIDDLE LINE RED (DOWNTREND). CCI WHITE LINE starting to go to 0 or past 0. NO GREEN BARS, and, breakout through the Barry HIGHER LOW.



7th trade (ITM): Breakout below RED EMA's. Breakout through Barry LOWER LOW. White CCI LINE pointing DOWN. RED MIDDLE CCI LINE


8th trade (ITM): Breakout below RED EMA's. Breakout through Barry LOWER LOW. White CCI LINE pointing DOWN. RED MIDDLE CCI LINE


9th trade (ITM): Breakout below RED EMA's. CANDLE CLOSE AT BARRY LOWER LOW (AGGRESSIVE). White CCI LINE pointing DOWN. RED MIDDLE CCI LINE



That's it traders. 7 ITMs - 1 OTM's (88% Success)



Cheers !
 

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