Tomi's friendly market journal

[immy]

Fantastic cherry trades. I like them on M1, I like them on h1, i like them on D1.

[Dave]

Hi Tomi,
Congratulations on your consistent results.
If you have five minutes to explain your approach to London Open breakout trades I'd be very keen to hear it. I also trade these market open momentum breakouts but find a lot of whipsaw, or a big stop loss required to stay in the position. Which I'm not keen on!
Essentially I have been taking the first break at open time, and in the long run the 50+ trades make up for a few more -10 trades. But I'd like to hear your opinion on refinement.
Thanks in advance! ~O)

[Tomi]

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[Tomi]

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[Tomi]

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[Darren]

Try to find flat reds and bricky greens and chances are you end up finding nothing and found yourself thinking the boobs you remember seeing yesterday.

(rofl) ) (rofl)

[Dave]

Dave, just like classic S1 breakouts. For direction I check higher timeframe or wave count. I'm a bit picky for saddle point and take only tight boxes with sleeping gator. Lately I haven't seen those setups and even if there are such those end up to whipsaws, as you said. I would like to see market to settle down first, set pending orders and boom to the trade. Last weeks market have just hovered around without settling up. So, lately I have patiently waited some sort of breakout to happen and trade seeds after that.

^:)^ (wd)

[Tomi]

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[Tomi]

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[Dave]

Looks familiar ?
Nice!