hello matlobien:
could you tell us your "one other breakout system",thanks
could you tell us your "one other breakout system",thanks
Box Breakout indicator 195 replies
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4H Weekly Box Breakout [TD] 4 replies
EURUSD Box Breakout 6 replies
Breakout Box 5 replies
DislikedTanyasiapa, I cant agree with you more! It's hard to determine (as usual) where is the real destination of GJ. Even a 10 years experience traders also being 'cheated' by this pairs. So, just need to be a little more alert.
BTW, my 'daily average' shows that GJ can go as high as 160.94 for today, and as low as 157.88. So if my beloved GJ go below 157.88, I WILL CLOSE THE TRADE. Hehehe! Not to disrespect ACE (our thread owner), but I can't loose 'so much'.
@Jtrade: Can you post the ATR indicator as you shown in post #671. Very much appreciated.
@Tanyasiapa....Ignored
DislikedMay i know how you know the daily average of GJ?and is it different from ATR? Ace said that he uses ATR as a filter to this method, and he said that it never turns him down.. Ace, can you please explain more about using ATR to filter the trade?
Kepalalutut : Great!! Welcome my brother..
Happy pipping..Ignored
DislikedHi,
It's great to see you backtest the system. I myself backtested this system MANUALLY (ouch..that was hurting my eyes a lot..lol) from Jan 08 to June 09. And only after i backtested it, i believe in this system. One strong point of this system is that we always get good R:R whether it's 1:2, 1:3, even 1:4. That money management is the one that will lead us to success IMO.
I have attached my manual backtest in excel. It's not so sophisticated though, i didnt intend to show that to others, but here are the quick summary :
GJ
In Jan-Des 08 this...Ignored
DislikedExactly how I trade this method.
Very conservatively. Rather BE than SL. Also only 2x or 3x
I also trade AJ.
And yes if box is to big I don't trade.Ignored
DislikedLast a question, does anyone leave a portion of there trade to run. I know most are aiming for 3x profit which no-one will argue with but does anyone take trades that are in the direction of the major trend (weekly is probably best as this is more a weekly outlook setup) with a small % left to run in the event that you can catch a trade. Holding a position for much longer than 3:1 can help substantially over the long haul with smoothing your equity curve.
Great job all, and a very nice start for those who took the switch through Mid Monday (if...Ignored
DislikedI really want to thank you again.
Using this system and one other breakout system on Forex Factory I managed to double my live account in 1 month.
For newbies, please be patient and learn from the Masters on this forum.
It took me 7 years and I am still learning every day.
The pips will follow you.Ignored
DislikedMay i know how you know the daily average of GJ?and is it different from ATR? Ace said that he uses ATR as a filter to this method, and he said that it never turns him down.. Ace, can you please explain more about using ATR to filter the trade?
Kepalalutut : Great!! Welcome my brother..
Happy pipping..Ignored
DislikedHeyas everyone, just wanted to say I joined this site yesterday, been reading pretty much this thread only for the last week. Opened up a demo account and started in on it. I read this entire thread and this system seems very successful and I want to thank ace for it. If I have some success with it I may open up a micro account and go for it =)
Currently, I check the progress of the chart each day just cuz Im excited lol, so I am trying my hardest to not pull out when things look tough. Currently looks like its goin back down...eek hope it goes...Ignored
DislikedWe won't really know where GBPJPY will be several days more.. But i have several area i watch carefully, S/R line at 160.43 and 162.48 and also 165.37. We all can't know for sure whether the pair will break those levels or not, we just watch those levels and watch price action there. For GBPJY, i think it still have good chance to hit at least 3x based on the S/R line. But we all dont know what the market will do.
For EURJPY, it has hitted my TP at 2x for +155 pips profit. Minus 81 pips loss yesterday, it will add +74 pips for EURJPY this week....Ignored