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GBP H4 Breakout

  • #61
  • Mar 2, 2020 9:58am Mar 2, 2020 9:58am
Quoting hundsbua
no profit longterm if you do not use filters for breakout

1. claim (no reasons anywhere in sight)
2. vague (no examples of filters to be used, how and when; is price action already a filter in your terminology?)
3. which BO are we talking about (TF? number of candles?)
  • #62
  • Mar 2, 2020 10:36am Mar 2, 2020 10:36am
Quoting Stefan90csk
{quote} Exactly - Im asking with setting to change.

this setting as this thread start 08-12 (+2GMT)

Attached Image (click to enlarge)
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and here as Josi suggest to make the smaller range from 07-11 ( 1 st candle Frankfurt open & close + 1 st candle Londen open + close )
Attached Image (click to enlarge)
Click to Enlarge Name: FF Open & London Open.png Size: 19 KB
ENJOY YOUR TRADE
  • #63
  • Mar 2, 2020 10:47am Mar 2, 2020 10:47am
Quoting hundsbua
no profit longterm if you do not use filters for breakout


the best filter is your money managment how you can effort to lose

then in 104 weeks just you lost a 2 weeks doen´t matter

FEB2020 GBPUSD
if you mange your trade within PIPS mentality
Attached Image (click to enlarge)
Click to Enlarge Name: 200.png Size: 8 KB


If you have a think in fixed risk
Attached Image (click to enlarge)
Click to Enlarge Name: 200 0.png Size: 8 KB




and so on with

GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: ff20.png Size: 8 KB



Cheers
ENJOY YOUR TRADE
  • #64
  • Mar 2, 2020 11:28am Mar 2, 2020 11:28am
Quoting josi
{quote} Are you kidding? Open the indicator, change the settings... Nothing to it - experiment, if you don't know.... I didn't want to sound harsh - but if you don't figure it out yourself, it won't be of any help whatsoever. You really have to understand your indicators before you can start trusting their signals. So chin up - and DIY
None taken tho. Anyway - you are right, you cannot expect to get anything for free, you gotta work for it.

Happy Trading. Stay Green!
Patience and Discipline.
  • #65
  • Mar 2, 2020 11:44pm Mar 2, 2020 11:44pm
Quoting Emma7788-FAN
{quote} the best filter is your money managment how you can effort to lose then in 104 weeks just you lost a 2 weeks doen´t matter FEB2020 GBPUSD if you mange your trade within PIPS mentality {image} If you have a think in fixed risk {image} and so on with GBPJPY {image} Cheers
... looks pretty good.
So you stay with your setting.
  • #66
  • Mar 3, 2020 12:22am Mar 3, 2020 12:22am
Quoting josi
{quote} ... looks pretty good. So you stay with your setting.
yes Josi

it's fit my trading style
ENJOY YOUR TRADE
  • #67
  • Mar 3, 2020 12:27am Mar 3, 2020 12:27am
Quoting Emma7788-FAN
{quote} yes Josi it's fit my trading style
right - keep us posted.
Whatever works is best.
  • #68
  • Mar 3, 2020 3:12am Mar 3, 2020 3:12am
Quoting josi
{quote} 1. claim (no reasons anywhere in sight) 2. vague (no examples of filters to be used, how and when; is price action already a filter in your terminology?) 3. which BO are we talking about (TF? number of candles?)
look here - very similar approach

https://www.forexfactory.com/showthr...5#post12710115
  • #69
  • Mar 3, 2020 3:47am Mar 3, 2020 3:47am
Quoting hundsbua
{quote} look here - very similar approach https://www.forexfactory.com/showthr...5#post12710115
so?
all I said still applies.
You simply ventilate a vague generalisation.
What TF are you talking about?
What market situation are you aiming at?
Are you talking currencies or other instruments?
How long is your reference period before the BO?
Which stock exchange are you aiming at?
If you think a filter is necessary - which filter? why do you think it is necessary? what are the improvements this filter must bring? is it used for entry or exit or trend confirmation etc etc
I could go on and on...
If your comment would have been serious (instead of "trolling around a bit") you'd have an answer to them.
Your link isn't an answer - it tells us that BO-strategies exist and are widely used...
  • #70
  • Mar 3, 2020 5:10am Mar 3, 2020 5:10am
Quoting josi
{quote} so? all I said still applies. You simply ventilate a vague generalisation. What TF are you talking about? What market situation are you aiming at? Are you talking currencies or other instruments? How long is your reference period before the BO? Which stock exchange are you aiming at? If you think a filter is necessary - which filter? why do you think it is necessary? what are the improvements this filter must bring? is it used for entry or exit or trend confirmation etc etc I could go on and on... If your comment would have been serious...
I do not have time for long answer
look at the link to my posts there - I mention the filters there
  • #71
  • Mar 3, 2020 6:32am Mar 3, 2020 6:32am
EURJPY

Buy setup Close bar above High/ below low of the range of (Josi) setting
07:00- 09:00 GMT my broker 09:00-11:00 +2GMT
1Tp 50% of the range 2 Tp 100 of the range
SL CLOSED BAR on the opposite side
Each trade is a unique live to hit SL or TP (recommended to open 2 Trades to save money
or to less losses by taking profit on 1TP(50% of the range) (divide your Risk)

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 143 KB


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Click to Enlarge Name: EURJPYH10.png Size: 129 KB


Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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*********************************
EURJPY

Buy setup Close bar above High/ below low of the range of (flashpaul|) setting
06:00- 10:00 GMT my broker 08:00-12:00 +2GMT
1Tp 50% of the range 2 Tp 100 of the range
SL CLOSED BAR on the opposite side
Each trade is a unique live to hit SL or TP (recommended to open 2 Trades to save money
or to less losses by taking profit on 1TP(50% of the range) (divide your Risk)


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH 0801.png Size: 139 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH 0802.png Size: 153 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH 0803.png Size: 134 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH 0804.png Size: 140 KB
ENJOY YOUR TRADE
  • #72
  • Edited 7:53am Mar 3, 2020 7:40am | Edited 7:53am
Quoting Emma7788-FAN
EURJPY Buy setup Close bar above High/ below low of the range of (Josi) setting 07:00- 09:00 GMT my broker 09:00-11:00 +2GMT 1Tp 50% of the range 2 Tp 100 of the range SL CLOSED BAR on the opposite side Each trade is a unique live to hit SL or TP (recommended to open 2 Trades to save money or to less losses by taking profit on 1TP(50% of the range) (divide your Risk) {image} {image} {image} {image} ********************************* EURJPY Buy setup Close bar above High/ below low of the range of (flashpaul|) setting 06:00- 10:00 GMT my broker 08:00-12:00...
My, oh my,
this is really excellent work!
If I don't read your fabulous charts incorrectly you actually used 3 hours as reference period instead of my two (1hour before London-Open and 1 hour after. i. e. London-Open minus 60 minutes + London-Open plus 60 minutes).
And I'm not sure flashpaul (see Post 29) is still using the same method he began with.
But be that as it may - I'm flabbergasted and full of awe: VERY GOOD WORK, indeed!
You deserve every pip you make - and I hope you make many...
  • #73
  • Edited 11:30am Mar 3, 2020 10:17am | Edited 11:30am
i included USD JPY to this Solved Puzzle
it works grate also back tested and looked so promising
Mentality of traders you should calculate each trade Risk
yesterday still open within its risk

we have a exact setup to follow
1-RANGE done
2-Wait for Setup to be done
3- calculate your risk R:R
4- Be ready to open your Sell / Buy Market & limit Order as well

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 132 KB
ENJOY YOUR TRADE
  • #74
  • Mar 3, 2020 1:31pm Mar 3, 2020 1:31pm
Quoting Emma7788-FAN
i included USD JPY to this Solved Puzzle it works grate also back tested and looked so promising
may you tell us how long your backtest is? what are the results?
  • #75
  • Mar 3, 2020 1:31pm Mar 3, 2020 1:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 89 KB
ENJOY YOUR TRADE
  • #76
  • Edited Mar 4, 2020 12:24am Mar 3, 2020 5:34pm | Edited Mar 4, 2020 12:24am
Quoting Emma7788-FAN
{image}
In going to give this a go tonight if the parameters will allow.. any advice ? Or just stuck to the rules ?

Edit - Emma are waiting for a close below the high or low of the parameters b4 entering the trade
  • #77
  • Mar 4, 2020 12:14am Mar 4, 2020 12:14am
Quoting Emma7788-FAN
{image}
you are very impressive, yet I get really confused now.
I count nine candles on M30 and possibly varying time windows on screenshots.
How many different ranges do you trade?
What are your overall time windows you use for the different setups (reference GMT)?
  • #78
  • Mar 4, 2020 2:41am Mar 4, 2020 2:41am
Quoting josi
{quote} you are very impressive, yet I get really confused now. I count nine candles on M30 and possibly varying time windows on screenshots. How many different ranges do you trade? What are your overall time windows you use for the different setups (reference GMT)?

I trade GBP USD/ GBPJPY/USDJPY/EURJPY
08:00-12:00 On my brokers MT4 (+02GMT)
that’s will be equal
06:00-10:00 GMT (1 hour before Frankfurt open 7 GMT +1 hour after London’s opening and closing of Asia
Attached Image (click to enlarge)
Click to Enlarge Name: 759F1348-BE63-4CF7-BD8F-3613A4214AD5.jpeg Size: 390 KB



Attached Image (click to enlarge)
Click to Enlarge Name: A86C7A08-66A0-49C3-8966-AF4C55649C46.jpeg Size: 436 KB



and backtesting
usdoil & Gold
opening of Day
01:00- 08:00. Looks great
ENJOY YOUR TRADE
  • #79
  • Mar 4, 2020 3:29am Mar 4, 2020 3:29am
Quoting Emma7788-FAN
{quote} I trade GBP USD/ GBPJPY/USDJPY/EURJPY 08:00-12:00 On my brokers MT4 (+02GMT) that’s will be equal 06:00-10:00 GMT (1 hour before Frankfurt open 7 GMT +1 hour after London’s opening and closing of Asia {image} {image} and backtesting usdoil & Gold opening of Day 01:00- 08:00. Looks great
If it works on Gold too it will be great.

Keep up the great work!
Patience and Discipline.
  • #80
  • Edited 4:00am Mar 4, 2020 3:30am | Edited 4:00am
Quoting Emma7788-FAN
{quote} I trade GBP USD/ GBPJPY/USDJPY/EURJPY 08:00-12:00 On my brokers MT4 (+02GMT) that’s will be equal 06:00-10:00 GMT (1 hour before Frankfurt open 7 GMT +1 hour after London’s opening and closing of Asia {image} {image} and backtesting usdoil & Gold opening of Day 01:00- 08:00. Looks great
Thanks a lot.
Very helpful for everybody...
Is 12 (10GMT) included or excluded from your BO-interval, i. e. the last one in or the first one out of the box?
Asia: you mean Hong Kong?

https://market24hclock.com/

GBPUSD, for example, didn't work yesterday and the day before - if I now read your BO-interval correctly.
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