Morning Breeze Strategy

[Gav]

Thanks for sharing.

Kevin Ho, one of guest lecturer at LBR group has a similar strategy.
You may find the document here

Have a great weekend.

Gav

[feb2865]

My pleasure guys

I sincerely hope you could be profitable using this strategy

Please do your homework before put this in action. I know I sound like a broken record but as simple as it looks takes time to digest. Once you do your homework (backtesting) then practice on paper for a while or if you don't like paper trading go with 1 contract at the time

Time, patience and practice will make you master this strategy.

By the way , today 11/10/2006 probably was the worst day for this strategy I have seen in years. But if you look closely the market did the morning breeze.

go from 15 minutes charts/5 minutes charts and 100 ticks(thanks Torero) for you to see what I meant.

Any strategy, method, etc, is made as a general fingerprint for all to see. You have to create your own twist on this or any strategy for that matter. As long as you don't considerably distort the heart of the strategy, or use it in some other markets like energies or softs, you'll be allrigth.

I am like a sparrow stealing eggs from an eagle's nest. It's my style of trading on indices. You don't have to follow my footsteps. The strategy was designed to make a quick buck(heavy loaded once you get experience) yes, but notice than once the market establish a direction off the breakout, most often than not keeps going that way, usually in the morning.

Raul

[feb2865]

	Quote:	Gav
	Thanks for sharing. Kevin Ho, one of guest lecturer at LBR group has a similar strategy. You may find the document here Have a great weekend. Gav

Gav

Thanks a lot for posting this link

Similar on what I have posted indeed. Makes one feel good whenever some other traders comfirms your views on trading.

Regards

Raul

[Soultrader]

Hi Raul,

Once you draw the high and low off the 15minute bar, do you use the 100tick bar to gauge momentum of the breakout? Im curious on your methods on watching momentum for the break. I would still prefer the tape but would be interested in combining another method. Thanks

[feb2865]

	Quote:	Soultrader
	Hi Raul, Once you draw the high and low off the 15minute bar, do you use the 100tick bar to gauge momentum of the breakout? Im curious on your methods on watching momentum for the break. I would still prefer the tape but would be interested in combining another method. Thanks

James

if you could measure momentum via tape reading, you'll be in a better position than me for sure. I watch momentum on bars beacuse througth the years looking so much and too long at the screen my vision is not as good as it use to be(don't anybody dare that is the aging process.....LOL).For some reason the tape gives me headache. It's easier for me to use the bars.
I am going to look into 100 tick bars as Torero suggested.

James, this is a quick-draw trade. The overnigth money is there for the taking. My suggestion is not too look at many things as you could get distracted from the move. Use the necessary and if is possibe the minimal trading tools and go for the killing.

I wrote about not looking at the tape 'cause many people like to incorporate may tools into this strategy and what happen is that very often they miss the bus.

Maybe 15 min charts 100 tick charts and the tape will do. Try that combination and let me know

If I could use the tape I would

Raul

[Soultrader]

Thanks Raul. Ill definitely keep you posted on this strategy if I find anything new. Im probably going to start looking at it with the tick charts... possibly 100, not sure yet. It seems like momentum is ultra key to the strategies success and I will need to get good at this opening setup.

[feb2865]

	Quote:	Soultrader
	Thanks Raul. Ill definitely keep you posted on this strategy if I find anything new. Im probably going to start looking at it with the tick charts... possibly 100, not sure yet. It seems like momentum is ultra key to the strategies success and I will need to get good at this opening setup.

Momentum is all about practice. Once you get the rythm, you're in. Believe me it's not complicated. I am sure you'll get the hang of it pretty quick.

My problem with the tape is the size of the numbers in my chart package. If you have any idea how I can get somethin bigger, please let me know

Raul

[torero]

my strategy is if 100 tick bars complete quickly than there seems to be pace and momentum toward a particular direction. But this is just my way of doing it and I'm comfortable with it. I'll let you know how it goes.

[Soultrader]

Hi Raul,

TS charting package comes with the option to change the font size on the time of sales. Im quite surprised to see your platform does not have that.

Torero,

Please keep me informed on how the 100 tick charts work out. Im going to be testing this with several other tick charts as well. Will also test this on the YM. I will keep you posted.

[wrines]

Maybe I'm just dense, but I can't seem to make this work out via visual/manual backtesting consistently on the ER2 - at least not without huge drawdowns on the myriad reversals...what are you guys using (time frames) to test this? Has anyone tried coding it in TS easylanguage? Ant where are you?

Feb, you mention "momentum" and "pace" of the breakout, and from looking at it, I can see that clearly some breakouts are easily spotted and some arent, that is, many breakout but reverse quickly. On the tick charts I have been trying to find an indicator that somehow conveys to us the "speed" a candle took to complete, and one possiblity is eKam's "hesitation" indicator - I have attched it here.
W