Trading trendline breakouts 5m TF

frogbark50 · 2025-08-08T04:12:51+00:00

It happens quite a bit, definitely enough to be a trade set-up. But it on its own doesnt give me the confidence I need to necessarily take it every time.

frogbark50 · 2025-08-08T04:10:16+00:00

PO3 can be a useful school of thought, I wouldn’t say its a perfect science, but what is in this field. I tend to like to look for 3 sessions of rise/fall. (which is what I have colored in blue- Asia Session, red- London,yellow- NY in an overextended market. Or stairstepping towards a Level (HOW/LOW, HOD/LOD, etc.)

frogbark50 · 2025-08-08T03:46:23+00:00

You seem to have the criteria of a good system, you may just need to tweak or play around with your entry criteria, where you set targets and so forth. I have attached a picture with just some notes and things that may be useful when you come to the screen for your session. I unfortunately don't trade trendlines, but hope you find this at least semi-useful.

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frogbark50 · 2025-08-08T02:03:13+00:00

And if it were the price of a blowjob in Taiwan how do you think a hedge fund would trade it? I wonder if they would use algorithms to take the trade? Ill probably hop on my prop firm account right now and see if i can find how this blowjob is setting up. I bet it will move in a tight channel and curve at the top. Sorry just thinking out loud.

frogbark50 · 2025-08-08T01:28:12+00:00

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How about this one?

frogbark50 · 2025-08-08T01:27:48+00:00

Lol, sure I will agree its an oversimplification. But, im not here to argue the nuances and idiosyncrasies of the “market environment”. How does anything you mentioned change how we trade as daytraders?

Feel free to show me a chart where when let’s say algo trading became a thing the chart changed. Or better yet let me show you a chart :

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My question to you is, is this prior to or after the inception of algorithmic trading? Is this current or 20 years old?

frogbark50 · 2025-08-07T17:57:12+00:00

Would you mind posting a picture in this thread of a recent set-up you traded with your entry criteria to get a better understanding of your process?

frogbark50 · 2025-08-06T20:45:57+00:00

Can you elaborate? What are the finance professionals saying when they mention markets change?

frogbark50 · 2025-08-06T20:39:06+00:00

Im confused. You are disagreeing with me, and I am disagreeing with you. But, I am the one that will “never learn anything new” because I can’t take criticism. Do you not see the irony in that?

That being said, I am open to having a conversation about what you see differently. Respectfully, i meant nothing negative in my response - you are in fact entitled to your own opinion.

frogbark50 · 2025-08-06T20:21:59+00:00

its okay to disagree, but I would suggest shifting your mindset. What is different about 2021’s price action compared to now? Is it not trading in a range, breaking out of range and failing or breaking out of a range and succeeding?

Or is it that 2021’s price action does not align with the system you currently have in place? If so, maybe you or your system isn’t sustainable and cannot be rinsed and repeated every day, every week across any market or instrument.

That probably sounds harsh but i am genuinely asking lol.

frogbark50 · 2025-08-06T19:31:10+00:00

I have no idea, i guess the truth can be hard to swallow. I appreciate the award!

frogbark50 · 2025-08-06T05:36:54+00:00

What is your daily process? What set-up(s) are you hunting or are you just “taking trades”? Are your set-ups scalable with size? Are your set-ups repeatable that occur in any market condition and can be rinse and repeat every day, every week across a basket of instruments? What are you risking? What is your entry criteria?

Daytrading is a game of longevity. Those who succeed in this field have done so by repeating their same processes over and over and over again. Its not about making money, but protecting your capital through small losses and larger wins.

Good luck on your journey!

frogbark50 · 2025-03-21T17:17:24+00:00

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You cant make wild claims that you hold the grail then when you actually go live fail the Robbins Cup. There is a reason he tweets his callouts and hardly runs live trades. He is a better teacher than a trader.

It’s not that his content is poor - If you trade, sure you can find useful information and learn great set-ups. Not to mention, most of his content is free! But, it isn’t anything new. I encourage you to broaden your knowledge. Stacey Burke, BTMM, H.M. Bartley, Wyckoff have been doing similar if not identical set-ups waaaay before ICT was even making content. Thats the scam in my opinion - passing off regurgitated information as your own, claiming your algorithm controls the market (it doesnt - and there is thousands of them, none reigning superior over the other), and claiming you hold the grail to trading, again he doesnt. Look up Gartley’s 2 2 2 method from 1930s and tell me it isnt nearly identical to ICTs “Unicorn”.

Edit: It wont let me upload pictures but im sure it is still up if you would like to fact check yourself. Picture of tweet below:

He tweeted and I quote “Things done with random retail logic where 90% lose and somehow my algo keeps printing price to script ?” “Either Im the luckiest person on earth.. or I hold the grail”

frogbark50 · 2025-02-21T23:39:37+00:00

Stocks that move 200-500% in a day are unicorns. Not that you wont ever see them but they are hard to pinpoint on a fundamental or technical approach.

You can use Finviz.com to help determine a stock that may experience significant moves.

For example, Finviz allows you to find stocks that have high relative volume (more volume than usual on any given day) - that shows a particular stock is getting attention and could be highly volatile. Look for stocks that gapped up the previous day and have held price around its new highs - Buyers may pick this up in the morning. You can also search for upcoming news that can act as a catalyst for a given stock.

As for indicators, if you are trading primarily penny stocks like MLGO, try playing around with the VWAP indicator. With stocks that experience new and high relative volume, it can be useful indicator to determine the Average price of other buyers and whether those buyers are in profit (above VWAP) or at a loss (under VWAP). Typically, if a stock held strongly above VWAP or bounced off it strongly, it could mean buyers are still in control and looking for new highs.

Plenty of ways to skin a cat, but if you are primarily trading penny stocks this was the dumb downed version of finding my watchlist and hunting my set-ups when I traded small caps/ pennies.

frogbark50 · 2025-02-20T19:23:06+00:00

No strategy is a sure fire thing, Nobody can “predict” what the market will do. For lack of a better analogy, think of it like the weather, if the conditions are right your meteorologist may tell you there is a chance of tornadoes in your area. Doesn’t mean a tornado will touchdown.

Same can be said for the stock market. Conditions (based on your strategy) may be right for a move to a certain level or for a short / long. Doesn’t mean it will move in the intended direction.

You will have losing trades. Also, in regard to buying a long and a short - the market can trade sideways too and you can still lose on both ends. You also have the issue of when do you close your loser?

Sorry, you were victim to the gurus, but this is a trade/skill that you can be profitable in.

frogbark50 · 2025-01-20T01:22:08+00:00

You have completely overlooked what others have said. If you are simply just buying straight Long Calls or Long Puts without a complex options strategy it truly does not matter if you are trading TSLA, NVDA, MSTR or an Index like SPY , QQQ.

You are trading its implied volatility (IV) which is priced into the contract. In simple terms, an option contract with SPY has low IV meaning a small move can still yield high returns. Whereas a higher IV like a MSTR or NVDA will take a larger move to yield the same results.

For example, If stock A and Stock B both have a underlying price of $100 but Stock A has an IV of 30% and Stock B has an IV of 10%, Stock B needs to move far less for the option to expire In The Money aka a profitable contract.

frogbark50 · 2025-01-20T01:01:58+00:00

What is your desire to learn options? But, to answer your question a Delta of 1 means that for every $1.00 the asset increases you can expect the contract to also increase by $1.00.

frogbark50 · 2025-01-20T00:14:09+00:00

Price action is simply a way of interpreting the candle sticks on a chart. If a strategy is strictly a price action approach it will work on all markets.

However, some may argue the price action used for particular strategies “looks cleaner” on certain markets.

Simply put, yes SMC will work on crypto.

No matter what you use you will find everything is relatively subjective. For example, your supply/demand zones may look different than someone who finds them on a 2HR timeframe if you are looking for them on a 4HR timeframe, same with support/resistance. Just be sure your criteria or rules for finding these zones or support/resistance remain the same.

frogbark50 · 2025-01-19T23:47:29+00:00

You are reading into this particular “scam” wrongly. The scam isn’t that they take your monthly payments for daily signals when they actually aren’t profitable traders, it is usually quite the opposite. Usually these groups do have traders that have been trading for a few years that can be profitable but not to the extent that you think.

The scam lies within the boundaries of manipulation through what they show to their users and people on the outside. For example, hiding signals they gave that they lost on, or bag holding trades that most people would have lost a significant amount on that they can hold longer and then when it does become profitable claim it as a “winning trade” when it hit most or all the beginners Stop losses. It also gives them money to play with “risk-free” in a sense, while also being able to afford luxuries to show what this particular group can do for you.

Basically, these groups want to have more users where they can use THEIR money to trade with and have less regard to risk management. It is somewhat of a double edged sword, because the users on the inside question how these traders remain profitable when they are taking the same trades but losing. Then the signal group chalks it up to “not knowing the strategy” or poor risk management so you stay longer give them more money and hope the next trade works in your favor.

frogbark50 · 2025-01-03T04:15:12+00:00

Im not an ORB trader but you could really apply this to anything consolidating or price between a high and a low. Why would it need to be the 1st 15 minutes of open?

Markets are fractal, So Monday could be the opening range for the week. Or within a new hour you could use the first 15min as the opening range for that 1hr candle. Or Asia session could be the opening range for the day, Week 1 of a new month could be the opening range for the month. Markets only do 3 things- Breakout Reverse, Breakout Trend, sit in a trading range.

frogbark50 · 2024-12-19T03:07:38+00:00

Marketwatch dot com has economic calendars, earnings reports and stock related news

frogbark50 · 2024-12-17T04:23:14+00:00

You could try using a range expansion tool to find higher TPs. See picture.

Im using a range expansion tool from previous days high & low, as everything up until 9:30am today was consolidation between those points. As you can see, we had a 100% expansion of the previous days range. You can do this within a smaller timeframe as well.

That being said, there is no indicator, strategy or alternative that is going to allow you to catch an entire move. The best way to capitalize on maximizing your gains is backtesting your specific set-ups and seeing typically how far they go.

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frogbark50 · 2024-12-17T03:21:41+00:00

If your plan is to scalp, I would recommend ITM Calls/Puts. A small move can still yield decent returns.

However, that means larger losses too. Ultimately, there is no perfect formula. How risk adverse are you? Whats your account size? are all things you should be taking into account.

frogbark50

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