I was analyzing box trade opportunities. I think it is one of easy and profitable systems. Works great during Asian sessions.
have you any experience to share?
have you any experience to share?
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kiss the trend
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Quoting sleepdocDislikedAs a newbie who still is papaer trading, I don't have any experience w/ this system. Could you fill me in as to how it works?Ignored
Quoting fx-trader777DislikedOK, this is one of the easiest systems.
It is good to trade during asian session when price is consolidating in a narrow range, you define support/resistance of the box showsn on the charts. Use at least 15 minute time frame. You shoud have minimum three test of support/resistance. place orders out of the box. In case of execution one of them place the stop loss at the opposite side of the entry point. For example on the charts if you bought at 1739 place stop loss at 1697 where your sell order was. The target is at least the size of the box thus 30 pips in this case.Ignored
Quoting fx-trader777DislikedOK, this is one of the easiest systems.
It is good to trade during asian session when price is consolidating in a narrow range, you define support/resistance of the box showsn on the charts. Use at least 15 minute time frame. You shoud have minimum three test of support/resistance. place orders out of the box. In case of execution one of them place the stop loss at the opposite side of the entry point. For example on the charts if you bought at 1739 place stop loss at 1697 where your sell order was. The target is at least the size of the box thus 30 pips in this case.Ignored
Quoting fx-trader777DislikedHmm, I am suprized
great systemIgnored
Quoting firedaveDislikedSorry if this question sound silly, but could you tell me from what time to what time is the asian session in GMT ? Thank you in advanceIgnored
Quoting MrWhippleDislikedIf you follow John Carter closley, you will see that in his "box play" he likes to set up on both sides of the box to avoid the "head fake". Depending on the direction the breakout goes, one setup becomes the stop loss for the other.Ignored
Quoting sleepdocDislikedConcerning the Box Play, where can I get more info as to how to set this up, such as parameters to look for, sizing the box, etc.
Thanks in advance,
SleepdocIgnored