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Attachments: Breakout + Spread!! Sure!!!
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Breakout + Spread!! Sure!!!

  • #801
  • Jan 12, 2008 2:29pm Jan 12, 2008 2:29pm
Quoting FXStarShip
Not intended to be negative towards you- just a shame people don't investigate before making inquries
My sentiments exactly...........................
  • #802
  • Jan 12, 2008 2:31pm Jan 12, 2008 2:31pm
fsiltd............

Thanks very much for this post; these observations deserve careful examination! And backtesting (I love to backtest.........)

Quoting fsiltd
I don't think I've posted in this thread before, but follow it with interest, as a simple break-out plan has been part of my {and probably many others'} arsenal for some time.
I also have to agree with BeachBum. Turtle just reminded me

I've been trading the 1st hour {power-hour?} before session opens succesfully for quite some time. {Exception Asia, i usual position for a break of the first 4 hours}
Eagles "box" just made it easier than drawing the horizontal lines myself! :
Thanks dude!!

So if I can add any value, if just for your research sake. Check this.

4H-breakout Asia Box: 00:00 - 04:00 GMT
1H-breakout Europe Box: 07:00 - 08:00 GMT
1H-breakout US Box: 12:00 - 13:00 GMT

BTW, to the cody coders. Is there anyway of getting more than one box per TF onto the chart? I can only drop one on at a time, and don't really to MQL:.
If not, no sweat, I do them manually.
The reason I ask, is that often, a break of the open of europe for example, gets pushed back into within that range and can mill around there for hours. Then break again on US open, and find a range that is sometimes again, within the range set by the first hour.
"The box" provides a very good "range guage" as well on those days.
Check it. Hope that made sense.
  • #803
  • Jan 12, 2008 2:33pm Jan 12, 2008 2:33pm
Quoting eagle
Hmmmmmmmmmmmmmmmm??????????????????
  • #804
  • Jan 12, 2008 4:47pm Jan 12, 2008 4:47pm
Quoting BeachBum
Hmmmmmmmmmmmmmmmm??????????????????
  • #805
  • Jan 12, 2008 9:30pm Jan 12, 2008 9:30pm
Quoting BeachBum
This is a classic case of someone wanting an update without having to read the entire thread. The first post was probably not answered because most of us have read the entire thread and expect others to do the same.......that is, put in the time and work required in order to reap the benefits that come from such an effort. Some of us are "old-school".
Ah, I see.. I didn't see the double-post (just the second one) and I assumed that a mod had deleted the other one before I got there, so I also assumed that the two posts were right next to each other.. my bad.
  • #806
  • Jan 12, 2008 9:45pm Jan 12, 2008 9:45pm
I have just finished talking on the phone with my friend Lisa to compare notes. We noticed that the Chin Breakout Alerts actually go off at times other than breakout times. This indicator alert is not working well with this system. We removed the indicator from our charts.

Does anyone know of a reliable alert that can be attached to the break out box that will give an audible and possibly email/phone alert when the box is broken?

Also, we are mainly discussing London times to trade this system. Does anyone have any settings for the USD market? And if so, what pairs can work with the USD Market?
  • #807
  • Jan 13, 2008 8:30am Jan 13, 2008 8:30am
Eagle

Could you send info of how to trade your breakout strategy . Or if anyone else knows.

Thanks

Irie
  • #808
  • Jan 13, 2008 9:07am Jan 13, 2008 9:07am
Quoting fsiltd
I don't think I've posted in this thread before, but follow it with interest, as a simple break-out plan has been part of my {and probably many others'} arsenal for some time.
I also have to agree with BeachBum. Turtle just reminded me

I've been trading the 1st hour {power-hour?} before session opens succesfully for quite some time. {Exception Asia, i usual position for a break of the first 4 hours}
Eagles "box" just made it easier than drawing the horizontal lines myself! :
Thanks dude!!

So if I can add any value, if just for your research sake. Check this.

4H-breakout Asia Box: 00:00 - 04:00 GMT
1H-breakout Europe Box: 07:00 - 08:00 GMT
1H-breakout US Box: 12:00 - 13:00 GMT

BTW, to the cody coders. Is there anyway of getting more than one box per TF onto the chart? I can only drop one on at a time, and don't really to MQL:.
If not, no sweat, I do them manually.
The reason I ask, is that often, a break of the open of europe for example, gets pushed back into within that range and can mill around there for hours. Then break again on US open, and find a range that is sometimes again, within the range set by the first hour.
"The box" provides a very good "range guage" as well on those days.
Check it. Hope that made sense.

Thanks for the insight.....will keep those time frames in mind.

HOLLA
  • #809
  • Jan 13, 2008 9:16am Jan 13, 2008 9:16am
Quoting irierattler
Eagle

Could you send info of how to trade your breakout strategy . Or if anyone else knows.

Thanks

Irie
BeachBum where are you!! :

irierattler, start at page 1. All the info is in this thread.

Carpe Divitiae
  • #810
  • Jan 13, 2008 9:48am Jan 13, 2008 9:48am
Quoting fsiltd
BeachBum where are you!! :

irierattler, start at page 1. All the info is in this thread.

No comment.....
  • #811
  • Jan 13, 2008 9:53am Jan 13, 2008 9:53am
Quoting et_phonehome_2
No comment.....


Just having a bit of fun in regards to the previous post someone made about BB always telling folk to go the beginning of threads and read for themselves.

Sincerest apologies if it p*ssed you off.
Carpe Divitiae
  • #812
  • Jan 13, 2008 7:20pm Jan 13, 2008 7:20pm
fsiltd and et_phonehome_ 2...............

I took a break for a few hours and look what happened..............

You guys are too funny.................
  • #813
  • Jan 13, 2008 7:23pm Jan 13, 2008 7:23pm
Quoting fsiltd


Just having a bit of fun in regards to the previous post someone made about BB always telling folk to go the beginning of threads and read for themselves.

Sincerest apologies if it p*ssed you off.
Not pissed off..... Just want to make me laugh everytime I see the most important question in a thread.....
  • #814
  • Jan 13, 2008 7:28pm Jan 13, 2008 7:28pm
Quoting et_phonehome_2
Not pissed off..... Just want to make me laugh everytime I see the obvious.....
"...what we've got here, is a failure to communicate..."

Sorry dude. Misunderstood!
Carpe Divitiae
  • #815
  • Jan 13, 2008 7:30pm Jan 13, 2008 7:30pm
Quoting et_phonehome_2
Not pissed off..... Just want to make me laugh everytime I see the most important question in a thread.....
I really start to laugh when I read the requests for a Custom Indicator, EA, S/L & T/P values, trading account records, pips gained, percentage of profit, which pairs work best, what timeframe is best, blah...blah...blah
  • #816
  • Jan 13, 2008 7:39pm Jan 13, 2008 7:39pm
Quote
..Custom Indicator, EA..
These probably urk me the most!
I don't know why people new to this "arena" insist on not really wanting to learn anything.
I've mentioned before, I only recently started using this "break-out" box. Purely cause I'm gettin lazy! But it doesn't mean I didn't take the time to learn and implement a break-out plan/stratagy to begin with.

If I can suggest anything of use at all to new traders reading this and other threads/forums. LEARN how the indicators, fibs, ganns, etc. actually work. Once you get the underlying concept of a thing, you can apply that knowledge regardless of pretty boxes, lines, xMA's.

This thread is a perfect example. The plan is simple. The execution is simple. The concept is sound. Everything else that gets added to the mix, will NEVER change what it is/was to begin with. You don't even need the box to trade it. Get it.

{Sorry, early morning, little sleep, quick vent :}
Carpe Divitiae
  • #817
  • Jan 14, 2008 2:34am Jan 14, 2008 2:34am
I noticed 1 trader has been trading 1 hour breakout box US session.
Anybody else trading Eagle's box on US Session?

Just wondered if so if it has been profitable?

THanks in advance for the reply & to Eagle for beginning this thread!

****

Anybody figured out how to change the alert so it just goes off one time and not continue from past boxes?
  • #818
  • Jan 14, 2008 9:38am Jan 14, 2008 9:38am
Quoting fsiltd

{Sorry, early morning, little sleep, quick vent :}

Good Post!
  • #819
  • Jan 14, 2008 9:41am Jan 14, 2008 9:41am
Quoting PIPS4US
I noticed 1 trader has been trading 1 hour breakout box US session.
Anybody else trading Eagle's box on US Session?

Just wondered if so if it has been profitable?

THanks in advance for the reply & to Eagle for beginning this thread!

****

Anybody figured out how to change the alert so it just goes off one time and not continue from past boxes?
My Florida Sunshine Friend... Check PM. (your up too early)
  • #820
  • Jan 14, 2008 1:49pm Jan 14, 2008 1:49pm
Quoting WHTenn
Good Post!
Cheers.

It's nothing new though is it. Aren't you sick of reading it?
Carpe Divitiae
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