My Personal results using this system:
Back in 2001 and all through 2002, I was working on a particular trading strategy. It was one that was giving me the most trouble and I experienced the biggest amount of loss which is the concept of trying to trade breakouts.
It's often been said that support resistance is subjective and everyone can see different levels and different areas. And then, of course, there are the people that talk about specific buying and selling levels and only using price action, and while all of that works, you need to create some kind of strategy with a structure that you can duplicate every single time you get the same results.
That was my primary objective. I kept telling myself that I needed to develop a system so that I could use the same profit targets and stop loss levels every time I executed this particular trade.
Long story short, I successfully developed a method for trading breakouts that is accurate 90 to 95% of the time. I use this specific trading technique on a one-hour time frame for day trading but it can be used on the four hour and daily charts for swing trading as well.
This particular trading technique is so accurate that I used it successfully all through 2002 leading up to 2005 which was a point in time on one particular morning that I stopped to reflect on my success as a trader.
On April 12, 2005 I had four trades early in the morning, (Pacific time, I'm in California) and shortly after economic data at 8:30 AM Eastern time all four of these trades reached their profit targets (according to the plan they are always the same take profit levels) and I earned $40,755.08 in my real live account.
A few minutes after closing these trades I stopped and looked at the total balance as a result of these four trades.
I had certainly made more money in a single day prior to that day and I definitely make a lot more than that since then but I realize that my skill as a trader could never be taken away from me.
That was the moment when I realized I would be able to take care of my family indefinitely just the way I always dreamed.
Not only that, it was a business that I was able to hand over to my children.
This to me was true wealth!
The strategy is very simple. There was no stress involved and I was never afraid at any time while having these positions open. I simply duplicate the same thing over and over again whenever I see the same set up even today.
For all of my coaching students who learn this trading lesson, this is the one that can literally make them millions of dollars every year.
(the screenshot below is my account balance on that particular day when I earned over $40,000 in just a few hours)