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EURJPY M15 system 80%+

  • #941
  • Edited 10:30pm Aug 7, 2018 9:22pm | Edited 10:30pm
Quoting mno
After breakout and price go back to entry level, is it still a valid setup? {image}
Yes, still valid.

But for me personally, I'll just end up watching this one today I think.

Edit - I’d short it below the box though... :-)
A snails pace wins the race :-)
  • #942
  • Aug 8, 2018 12:01am Aug 8, 2018 12:01am
Quoting mno
After breakout and price go back to entry level, is it still a valid setup? {image}
I think your box is late but yes its coming back off the pivot so wont trade this now. Missed the BO anyway as was asleep and EA didn't open

It was a good short off the pivot and by the TDI but that's another strat sorry.

Also the first candle at 10pm GMT is artificially wide I think making the box bigger so think it could've gone either way. I should've put a sell order at the Pivot
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  • #943
  • Aug 8, 2018 12:34am Aug 8, 2018 12:34am
Quoting JustPipMe
{quote} Yes, still valid. But for me personally, I'll just end up watching this one today I think. Edit - I’d short it below the box though... :-)
As you're busy watching, here is something to look at, dang I'm only in CADJPY not this one

This is the beauty of adjusting for Europe, that's when price moves

Also, use the Currency Strength Meter here guys, "Giraia meter"

https://www.forexfactory.com/showthr...76#post9389376

and read more here

https://www.forexfactory.com/showthread.php?t=163158

Good luck and pips to all

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It takes a lot for me to IGNORE you, but you can try.
  • #944
  • Aug 8, 2018 12:35am Aug 8, 2018 12:35am
Quoting mno
After breakout and price go back to entry level, is it still a valid setup? {image}
Your box starts same time as mine, but you’ve got one too many candles. Last candle starts at xx:45

four hour box = 16 candles
A snails pace wins the race :-)
  • #945
  • Aug 8, 2018 1:50am Aug 8, 2018 1:50am
Quoting JustPipMe
{quote} Your box starts same time as mine, but you’ve got one too many candles. Last candle starts at xx:45 four hour box = 16 candles
Yes, it should be 16 candles. Luckily I didn't miss out the NEW breakout
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  • #946
  • Aug 8, 2018 1:54am Aug 8, 2018 1:54am
Quoting Erebus
{quote} As you're busy watching, here is something to look at, dang I'm only in CADJPY not this one This is the beauty of adjusting for Europe, that's when price moves Also, use the Currency Strength Meter here guys, "Giraia meter" https://www.forexfactory.com/showthr...76#post9389376 and read more here https://www.forexfactory.com/showthread.php?t=163158 Good luck and pips to all {image}
Thank you for your sharing
  • #947
  • Aug 8, 2018 2:13am Aug 8, 2018 2:13am
Quoting mno
{quote} Yes, it should be 16 candles. Luckily I didn't miss out the NEW breakout {image}
Definitely doesn't start at 10pm GMT. That move down isn't a breakout so much as a move down from resitance. I should shorted that but thats a different strat. No valid BO using Asia session box. Might move to a EU box though like Erebus and use a strength meter. Thing is I'm in work during EU session...
  • #948
  • Aug 8, 2018 2:23am Aug 8, 2018 2:23am
Quoting Erebus
{quote} As you're busy watching, here is something to look at, dang I'm only in CADJPY not this one This is the beauty of adjusting for Europe, that's when price moves Also, use the Currency Strength Meter here guys, "Giraia meter" https://www.forexfactory.com/showthr...76#post9389376 and read more here https://www.forexfactory.com/showthread.php?t=163158 Good luck and pips to all {image}
Hello,
How do you adjust the box for EU session, my current box is like below

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  • #949
  • Aug 8, 2018 2:30am Aug 8, 2018 2:30am
Quoting tajirika
{quote} Hello, How do you adjust the box for EU session, my current box is like below {image}
Can set box time to whatever you want in the India and to match the timing of your broker. What I want to know is whats the best box time for EU session...3am GMT to 7am GMT? Then I'm at work waiting for a breakout lol. Hmmm
  • #950
  • Aug 8, 2018 4:23am Aug 8, 2018 4:23am
Quoting Erebus
{quote} For me, easy to use, see it right there on the chart, and I used it for long time, I get to see how it works Any suggestions of web based - FREE - CSM that you use and trust?
I've been using this one:-

http://www.livecharts.co.uk/currency-strength.php
  • #951
  • Aug 8, 2018 5:45am Aug 8, 2018 5:45am
Quoting tajirika
{quote} Hello, How do you adjust the box for EU session, my current box is like below {image}
Adjust the Start Time and End Time in the Breakout indicator settings

Make sure there is 4 hours between them, some people like to make the 2nd setting end at xx:45 so that the next 15M candle will be outside the box

Just play with, you can always Reset it or use a previously saved Template if you don't like what you get

Good luck all

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It takes a lot for me to IGNORE you, but you can try.
  • #952
  • Aug 8, 2018 5:50am Aug 8, 2018 5:50am
I think if you are able to think outside of the box this I a good strat for you
  • #953
  • Aug 8, 2018 10:41am Aug 8, 2018 10:41am
Hi, would today be a loss? Because according to the first post we enter at the close of the breakout bar..
Thanks.
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  • #954
  • Aug 8, 2018 10:55am Aug 8, 2018 10:55am
Yes, today first trade a BUY and it is a loss, except none here talks about it..someone will come up with some sort of explanation why you have to do it differently...
  • #955
  • Aug 8, 2018 12:20pm Aug 8, 2018 12:20pm
Quoting driven18
Yes, today first trade a BUY and it is a loss, except none here talks about it..someone will come up with some sort of explanation why you have to do it differently...
Huh? I said this was not a BO trade going short and yes meant by that it woul also have been a losing trade if you had gone long. Well then again that's if you place you box where it should be 10pm GMT. If you shift it later then you could make that highest candle the top of the box and validate the short trade but that's cheating
  • #956
  • Aug 8, 2018 12:54pm Aug 8, 2018 12:54pm
This good example of the Box,
after losr the long position, did anyone re entry short base on the box ??
  • #957
  • Aug 8, 2018 12:59pm Aug 8, 2018 12:59pm
Quoting HengkiTjen
This good example of the Box, after losr the long position, did anyone re entry short base on the box ??
I only took it short, when candle closed below the box. I did not take the long position -- if you want to know why I can explain, but it's outside the "trading rules" of this system so i'll leave that out
A snails pace wins the race :-)
  • #958
  • Aug 8, 2018 1:30pm Aug 8, 2018 1:30pm
Quoting Emerald2112
{quote} Definitely doesn't start at 10pm GMT. That move down isn't a breakout so much as a move down from resitance. I should shorted that but thats a different strat. No valid BO using Asia session box. Might move to a EU box though like Erebus and use a strength meter. Thing is I'm in work during EU session...
The strategy described on p.1 DOES start at 10pm GMT, two hours before Tokyo session opens at 12am GMT (Tokyo opens at 9am their local time)
A snails pace wins the race :-)
  • #959
  • Aug 8, 2018 2:06pm Aug 8, 2018 2:06pm
Quoting JustPipMe
{quote} I only took it short, when candle closed below the box. I did not take the long position -- if you want to know why I can explain, but it's outside the "trading rules" of this system so i'll leave that out
Do you combine you strategy with this ? Interesting
could you please explain??
it may very useful for this forum
  • #960
  • Aug 8, 2018 3:32pm Aug 8, 2018 3:32pm
Quoting Erebus
{quote} Hmmm. who wants to know? and why? Broker time is Helsinki time = I use New York 5 pm closed charts And reference Reykjavik is GMT all year long! {image}
Good, mine closes at 5pm also. And is gmt+2. Made 70.2+pips on GbpUsd, on GBP weakness this morning. Thanks in part to MADdash
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