Nomore毒药的突破 (Nomoretoxic's breakout)

Hello guys

Here some simple rules - nothing fancy

Here we go

1)Pull up 5 minutes charts in your favorite -flavored pair.

2) observe the market INSIDE THE BOX - screw the trend. You need to pay attention on where the market is heading inside the box. Stay tight to your system.

3) Once the box period is over, check 'n see if there's a breakout

4) if breakout occurs, wait for a pullback. Meanwhile, take a note(or draw an horizontal line as I show on the charts) of the PRICE at the last higher/high - lower low before the breakout - let's say the last high/low happened @ 1.3950 and then the market began to retrace form there, take a note of that and place a limit around 1.3953(if long) or 1.3947(if short)

5). Place a stop-loss at the other side of the breakout candle or at a reasonable distance to let the trade works its way - 20 pips is reasonable in my opinion.

6)Place a Take Profit at least 1:1 risk /reward (assuming 20 pips stop loss/20 pips profit target)

7)sit back and let the market do it's thing

8) wash, rinse and repeat everyday

If you get stopped out, look for the other side of the box and play the market. If nothing happens...I have a secret...come closer...shhhh don't tell anyone but

tomorrow is another day~~~~

here's a chart pretty much self-explanatory

Cheers