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High & Low 8 Hours (GBP/JPY)

  • #2,381
  • Feb 4, 2008 3:18am Feb 4, 2008 3:18am
Quoting microsuck_36
hit SL50...see tomorrow guys..
how that could be ? I got 105pips on GJ after long triggered.
  • #2,382
  • Feb 4, 2008 3:25am Feb 4, 2008 3:25am
Quoting ariefdff
how that could be ? I got 105pips on GJ after long triggered.
what is ur high and low?
  • #2,383
  • Feb 4, 2008 3:53am Feb 4, 2008 3:53am
Quoting microsuck_36
what is ur high and low?
209.92 and 209.10, On monday, I use 4bar on TF 1H only and add 15 point offset.
  • #2,384
  • Feb 4, 2008 4:01am Feb 4, 2008 4:01am
Quoting ariefdff
209.92 and 209.10, On monday, I use 4bar on TF 1H only and add 15 point offset.
so u only do that on monday only..(1 HR TF)...the 4 bar 1H TF from what time to what time?..last week (monday) u hit 100 or -50?
  • #2,385
  • Feb 4, 2008 4:11am Feb 4, 2008 4:11am
Quoting microsuck_36
so u only do that on monday only..(1 HR TF)...the 4 bar 1H TF from what time to what time?..last week (monday) u hit 100 or -50?
TF = timeframe, normally I will follow Nico's rule, but on monday, since we have 2 days /wo trade (sat + sun), so couldn't take 8hr, I use only candle from 23 to 02, oh sorry only 3 hrs
  • #2,386
  • Feb 4, 2008 4:15am Feb 4, 2008 4:15am
Quoting ariefdff
TF = timeframe, normally I will follow Nico's rule, but on monday, since we have 2 days /wo trade (sat + sun), so couldn't take 8hr, I use only candle from 23 to 02, oh sorry only 3 hrs

hmmm i see...last week (monday) what is the result?
  • #2,387
  • Feb 4, 2008 4:35am Feb 4, 2008 4:35am
Quoting ariefdff
TF = timeframe, normally I will follow Nico's rule, but on monday, since we have 2 days /wo trade (sat + sun), so couldn't take 8hr, I use only candle from 23 to 02, oh sorry only 3 hrs
so instead of an 8 hour breakout you use a 3 hour rule for mondays?
  • #2,388
  • Feb 4, 2008 4:47am Feb 4, 2008 4:47am
if from 23 - 02 my high will be the same like today...i think u meant from 23 - 01...
  • #2,389
  • Feb 4, 2008 4:48am Feb 4, 2008 4:48am
According to the original rules the breakout window for Mondays is:

From the open of market on Sunday evening to 1:59 GMT on Monday

Depending on what time your trading platform opens on Sunday evening the window would be either 4 hours, 3 hours or 2 hours
Regards
  • #2,390
  • Feb 4, 2008 7:25am Feb 4, 2008 7:25am
Quoting microsuck_36
hmmm i see...last week (monday) what is the result?
Forgot max-min, last week also gained 100++, 183 exactly, I activate trailing stop 25point, when it already +30.
  • #2,391
  • Feb 4, 2008 7:36am Feb 4, 2008 7:36am
Quoting bksujal
so instead of an 8 hour breakout you use a 3 hour rule for mondays?
Yes, still follow the rules isn't ? I think we need to take hilo when market is in its lowest volatility against the pair, that's why 21-02 taken place, by that time US session open but not Europe and Asia session, so volatility for G/J will be at its lowest.

On Monday, you can't have 8 hrs, including bars on friday I think to risky, anything can happen within those 2 empty days (sat & sun), using bar later than 02GMT to make 8hrs also risky, because by that time tokyo session already open. monday trading start on 23GMT (Aus session), if we use 8hrs, it will go upto 07GMT, Tokyo session already active to long, to risky.

So, I use only 3hrs, 23-02 (01.59) as my hilo.

well, that's just my opinion
  • #2,392
  • Feb 4, 2008 8:46am Feb 4, 2008 8:46am
Hello Everybody.

I've found this thread a couple of weeks ago. I'm trying it and found something I think could optimize the profits. I'm not changing the Nico's rules, just checking and looking for maximize the profits. Ok, here we go:

-Once the Box is defined (1hr TF @ 2:00 GMT) go down to 15m TF.
-Draw a Fibo Retracement between Max and Min of the box.
-Wait for a candle to be fully formed outside the box. Enter the market in the direction of the break.
-Watch for the 161.8 Fibo Level and the 261.8 Level. Much of the time, the market reachs the 261.8 and that's my TP level. If the market didn't reach that level, I put a SL in the 161.8. My SL Level is the 23.6 or the 38.2 Level of the Box.

Waiting for comments on this.

DRobledo.
  • #2,393
  • Feb 4, 2008 9:28am Feb 4, 2008 9:28am
Quoting drobledo
Hello Everybody.

I've found this thread a couple of weeks ago. I'm trying it and found something I think could optimize the profits. I'm not changing the Nico's rules, just checking and looking for maximize the profits. Ok, here we go:

-Once the Box is defined (1hr TF @ 2:00 GMT) go down to 15m TF.
-Draw a Fibo Retracement between Max and Min of the box.
-Wait for a candle to be fully formed outside the box. Enter the market in the direction of the break.
-Watch for the 161.8 Fibo Level and the 261.8 Level. Much of the time, the market reachs the 261.8 and that's my TP level. If the market didn't reach that level, I put a SL in the 161.8. My SL Level is the 23.6 or the 38.2 Level of the Box.

Waiting for comments on this.

DRobledo.
Interesting..by the way fibo between max and min in which box? 1hr or 15min TF...
  • #2,394
  • Feb 4, 2008 10:52am Feb 4, 2008 10:52am
Quoting microsuck_36
Interesting..by the way fibo between max and min in which box? 1hr or 15min TF...
I trace the box between 18:00GMT and 2:00GMT using 1hr. then I switch to 15m TF and wait for a fully formed candle outside the Max or Min.
  • #2,395
  • Feb 4, 2008 10:57am Feb 4, 2008 10:57am
100 stoploss for GBP/JPY 40 stpoloss for EUR/JPY

GBP/JPY EUR/JPY
sun hi-212.12 sun hi-157.15
lo-211.09 +100 lo-156.49 +40

mon hi-212.65 mon hi-158.51
lo-211.38 -100 lo-157.48 -40

tue hi-213.7 tue hi-158.30
lo-212.28 -100 lo-157.60 -40

wen hi-213.69 wen hi-159.46
lo-210.40 -100 lo-157.24 +40

thu hi-212.59 thu hi-158.52
lo-211.06 +100 lo-157.80 -40
TOTAL -100 Total -40
  • #2,396
  • Feb 4, 2008 8:08pm Feb 4, 2008 8:08pm
today
HI = 211.10
LO = 210.34
does this look right to others?
  • #2,397
  • Feb 4, 2008 8:19pm Feb 4, 2008 8:19pm
mine is:
hi:210.96
lo:210.33
  • #2,398
  • Edited Feb 5, 2008 1:53am Feb 4, 2008 9:04pm | Edited Feb 5, 2008 1:53am
Quoting bksujal
mine is:
hi:210.96
lo:210.33
almost same like ur..

hmmm news is coming..dunno what will happen..
  • #2,399
  • Feb 5, 2008 5:25am Feb 5, 2008 5:25am
+100 both yesterday and today. Lovely.

  • #2,400
  • Feb 5, 2008 5:39am Feb 5, 2008 5:39am
Quoting drobledo
Hello Everybody.

I've found this thread a couple of weeks ago. I'm trying it and found something I think could optimize the profits. I'm not changing the Nico's rules, just checking and looking for maximize the profits. Ok, here we go:

-Once the Box is defined (1hr TF @ 2:00 GMT) go down to 15m TF.
-Draw a Fibo Retracement between Max and Min of the box.
-Wait for a candle to be fully formed outside the box. Enter the market in the direction of the break.
-Watch for the 161.8 Fibo Level and the 261.8 Level. Much of the time, the market reachs the 261.8 and that's my TP level. If the market didn't reach that level, I put a SL in the 161.8. My SL Level is the 23.6 or the 38.2 Level of the Box.



Waiting for comments on this.

DRobledo.
just looking at you idea. Interesting. I have been doing something similar but I have incorporated the Fx sniper indicator to confirm the direction.
Attached File(s)
File Type: ex4 FX_Sniper's_Ergodic_CCI_Trigger.ex4   5 KB | 630 downloads
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