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Quoting sirwolf
.....after the 2nd candle opens outside the buffer zone.

....If later on that day or the next, the market takes the price back into the same CZ and it "breaks out"of that CZ again, do I trade that CZ again?

SirWolf
SirWolf, welcome aboard. Happy to have another satisfied customer! Just don't ever let me catch you posting over at Mer071898's thread, or else! (j/k)

A1: I wait for 2 candles to close outside the buffer zone, not just cross it. The 2 candles can be any color, but they must both close on the same side of the same buffer zone line.

A2: There is no rule here. I have no idea what TF or what pair this might be, so how could I answer you? Think about it. This answer is totally up to you and how well you feel you know your market at that singular moment in time. Your decision will be based on your total body of experience, combined with gut instinct. Nothing I say today will have any effect when that moment comes, nor should it. When you can make these decisions on your own, and feel good doing so, you will have become your own teacher.

FxH
To improve is to change. To perfect, is to change often.
Thanks much FXHard!

1) I PROMISE to stay out of Mer071898's thread :-) I am focused on this one. And thanks, I was working with the OPEN of the 2nd candle, I will now use the close of the 2nd candle as a trigger. I feel even MORE confident about the entries now

2) I am staying with the 15 min TF I thought there might be a steadfast rule on once a CZ is broken it should be ingnored until the next one occurs.

In my opinion, if you follow these simple rules and only trade perfect set-ups, your chances for success are great. You just have to be patient and let the trades come to you.

Thanks again FH!

Quoting forexhard
SirWolf, welcome aboard. Happy to have another satisfied customer! Just don't ever let me catch you posting over at Mer071898's thread, or else! (j/k)

A1: I wait for 2 candles to close outside the buffer zone, not just cross it. The 2 candles can be any color, but they must both close on the same side of the same buffer zone line.

A2: There is no rule here. I have no idea what TF or what pair this might be, so how could I answer you? Think about it. This answer is totally up to you and how well you feel you know your market at that...
Believe and Achieve!
@ Wave Trader:

Brian, Thanks alot for the kind words. This is your thread too. Your regular support is needed, so don't be shy.

For MT4, with your cursor anywhere in the center of the chart you want to copy, do a right click/Save As Picture. Save it to your Desktop. These pix can be resized and augmented with text, etc., using Windows Paint.
To improve is to change. To perfect, is to change often.
Quoting forexhard
@ Wave Trader:

Brian, Thanks alot for the kind words. This is your thread too. Your regular support is needed, so don't be shy.

For MT4, with your cursor anywhere in the center of the chart you want to copy, do a right click/Save As Picture. Save it to your Desktop. These pix can be resized and augmented with text, etc., using Windows Paint.
FOREXHARD - Thanks for the tip on screen shots on MT4

This what the BOXES showed me this Morning on CHF and GBP

On Fridays with no news - I take profits early - I AM DONE FOR THE WEEK

THANKS
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Thanks a great deal ForexHard for sharing this awesome system with us. Steve and others u are greatly appreciated for your efforts at coding the indi into EA. I have followed this thread for some time but never commented. Kee it up, FX!
A missed Money is better than a lost Money
Quoting Wave Trader
FOREXHARD - Thanks for the tip on screen shots on MT4

This what the BOXES showed me this Morning on CHF and GBP

On Fridays with no news - I take profits early - I AM DONE FOR THE WEEK

THANKS

Wave Trader, would you mind pointing me to your indi? The version I downloaded doesnt show and ADR in the boxrange
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A missed Money is better than a lost Money
KKnotty: The indicators are in the 1st post. The settings are all inside the indi. If you set ADR to "True" you will see the different values on your chart. It's easy, just experiment a little.
To improve is to change. To perfect, is to change often.
Quoting kknotty
Wave Trader, would you mind pointing me to your indi? The version I downloaded doesnt show and ADR in the boxrange
kknotty - I am new to MT4 - 3 days - It took me a couple of hours to get the information on how to and download SQUALOU's indi

As FXhard said it is on his #1 post and I used the most recent versions, the last 2 in the list. This gives what you see on my chart that I posted.

I am such a newbie to MT4 -- I am not messing with nothing, for now.
I am using my eSignal Charts for SR lines and they are my "Fillter"

Good Luck and Happy Hunting to All
Hey FXhard and the stairstep homies. Just wanted to drop by again and say thanks!!

I haven't posted any charts in a week or so but been pulling in pips all over the place. Had to purchase a few monitors and setup the room like a "real trader" lol. Thanks to this simple method of trading I finally see myself quitting my day job next summer. Amen.

Every session I've traded the breakout strategy since late July have met my 200$ (20-40pips) a day goal. I am currently trading on about 6-8 pairs which is enough for me at the moment. It really is simple and like we said before, "like being a sniper waiting for the trade to come to you."





Anderson
It's a Stairstep party
AndersonAlex, of the 6-8 pairs you've been trading did you find some better than others? Also, are you using a fixed CZ size for each pair or are you using the variable sizing?
You are in a maze of twisty little passages, all alike.
Hi, FH. I just found your thread yesterday and I really like the concept. Kudos and thank you for sharing it! You are now one more in a long list of contributors at FF whom I will never be able to thank enough for sharing your knowledge and time.

We all know that S&R breakout trading works. The brilliance of Stairstep though was making it into a simple method, where you still need to work with the market, but your decisions are far less subjective than most methods. For me, you've added clarity and definition to the whole concept.

I'm reading the entire thread through before I ask any stupid questions that have already been answered. I'm almost halfway. Then I am going to practice the beginning exercises of drawing artifacts. Then I will try to contribute as best I can. And hopefully make a boatload of pips in the process!

Thanks again, FH!
Mega pips to all!
Luck occurs when preparation meets with opportunity.
BTW, FH - I for one think you are a talented writer and teacher. You explain concepts accurately, never leaving the reader wondering whether you meant this or that. I enjoy your easy style and appreciate your thoroughness - I am sure you put in a lot of effort on this. It makes it MUCH easier for us to learn your method. Though I know that for many FF members English is not their native language, even so - many traders here have started great threads with great methods, but you have few peers in your ability to communicate them.

AF
Luck occurs when preparation meets with opportunity.
Ok, I'm still only halfway through the thread, but I'm reading so many questions about "where do I set my SL" that I want to give you my take, and I hope I can help.

Here is how I am planning to set my SL with this method, unless I read something different in the second half of the thread. As soon as the breakout occurs, I will enter the trade with a very small SL, maybe 5-6 pips including spread. AS SOON AS POSSIBLE I will move it to BE.

Only two things can happen. Either I am right andthe trade will go my way and I'll make pips, or I am wrong and it will reverse and I will lose LITTLE OR NOTHING! Not only that, but that probably also means the CZ is continuing, so when it breaks out again, I'll trade it again.

My reasoning for such a small SK is this: when the breakout occurs, I EXPECT PRICE TO KEEP GOING MY WAY. To me this is a critical concept when entering any trade.

Does it always go my way? Of course not (ok, we won't go there! ). But I guarantee you that when FH enters a trade with this method, he is expecting price to move his way.

There are some people trade successfully with huge drawdowns, that is not my cup of tea. And I hate losing to SL! HATE IT, HATE IT, HATE IT! I definitely do not even want to risk 30 pips per trade.

I hope this helps someone! And if I have missed anything from not having finished reading the thread, I apologize and I hope one of the seniors will correct me quickly!

Mega pips to all!
AF
Luck occurs when preparation meets with opportunity.
Quoting AndersonAlex
Hey FXhard and the stairstep homies. Just wanted to drop by again and say thanks!!

I haven't posted any charts in a week or so but been pulling in pips all over the place. Had to purchase a few monitors and setup the room like a "real trader" lol. Thanks to this simple method of trading I finally see myself quitting my day job next summer. Amen.

Every session I've traded the breakout strategy since late July have met my 200$ (20-40pips) a day goal. I am currently trading on about 6-8 pairs which is enough for me at the moment. It really is...


AndersonAlex,

Congrats! Can you share which pair you're trading ? Also do you trade London only...or other sessions as well?

Thanks,
Sandy
Nubchai, what's stopping you from experimenting and finding out these answers for yourself? If AA can find the sweet spots that work best for him, then I know you can too. All it takes is a little time and dedication. By the end of next week you could be the one posting your experiences instead of begging others for theirs. You'll be glad you did.
To improve is to change. To perfect, is to change often.
AlienFrog, I love your enthusiasm! And thanks very much for the kind words. In regards to how I write about my system... It's easy to be direct and detailed, because unlike so many other thread starters here at FF I am not speculating. I am way past wondering how this will play out in real time. This is an actual system which I have developed, and that I have been trading with great susccess. So it's very easy to be specific about how to trade it, because it's not just a figment of my imagination. As I have stated before, it's already mature and time-tested.

So welcome aboard and enjoy the ride to Pipsville! LOL Be sure to post some live charts next week, and let me know if you have any questions.

FxH
To improve is to change. To perfect, is to change often.
Quoting forexhard
Nubchai, what's stopping you from experimenting and finding out these answers for yourself? If AA can find the sweet spots that work best for him, then I know you can too. All it takes is a little time and dedication. By the end of next week you could be the one posting your experiences instead of begging others for theirs. You'll be glad you did.
forexhard I was interested in andersonalex's experience as he is obviously having success with this method. I was simply curious. If you think that was begging you certainly haven't seen much begging lol. I'm not sure why you choose to be so confrontational but sobeit. Guess that's why the room is so quiet. Enjoy.
From my perspective Nubchai, I was encouraging you to do it on your own. It would only take a week or two of testing to come up with the same data you were wanting someone else to give you for free. AA put in the time, and so have many others in here. So why can't you?

This thread is "quiet" because I have presented a complete system. There isn't any need for prolonged discussion about "what goes where", or "hey, how about this indi", etc, like you see in every other thread. Take a look at how many hits this thread has recieved (over 113,500) and you will see that it's actually one of the most read threads at FF over the last 6 weeks.

So complain about my bedside manner if you must, but there are obviously alot of people getting something from my presentation even if they don't write about it.
To improve is to change. To perfect, is to change often.
Quoting forexhard
From my perspective Nubchai, I was encouraging you to do it on your own. It would only take a week or two of testing to come up with the same data you were wanting someone else to give you for free. AA put in the time, and so have many others in here. So why can't you?

This thread is "quiet" because I have presented a complete system. There isn't any need for prolonged discussion about "what goes where", or "hey, how about this indi", etc, like you see in every other thread. Take a look at how many hits this thread has recieved (over...
It's a good system and I like it. But I think your thread would thrive more with the sharing that you see on other FF threads. Hits are one thing. Participation is more indicative of interest and involvement. If you slam people who ask questions of others then you'll continue to get hits ...but no real participation. I offer this in the most positive of spirits as I do like the system and I look at charts in a new way. Take it or leave it.
You're missing the point entirely. I don't give a rats if the thread thrives, at least not according to your interpretation of what that means. What really matters is how my system and my teaching changes lives. That's all I care about. And this is not measured by how many posts are left in here, but by the quality of them. I have guys posting just once or twice in 6 weeks, but they are thanking me for teaching them how to bank hundreds of pips per week for the first time in their trading career. So what means more, the number of their posts, or the content of their posts? I think the answer is obvious.

I'm glad you like my system. But you will like it even more if you start following the rules I have laid out for it. Be a leader, not a follower. Come back in 2 weeks with the answer to your own questions and be willing to share.
To improve is to change. To perfect, is to change often.
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