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Simple PSAR/Fractal Break Out Strategy

  • #41
  • Jun 25, 2008 12:59am Jun 25, 2008 12:59am
current fractal breakout points on gbpjpy above also coincide with a H4 inside bar. a break of these points may put us into our daily trend
"Keep your eyes on the helpers" - Mr. Rogers
  • #42
  • Jun 25, 2008 1:22am Jun 25, 2008 1:22am
that was a nice trade....I took profit at 1% after a retracement from 2%.

Here is the new order placements

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 104 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #43
  • Jun 25, 2008 1:46am Jun 25, 2008 1:46am
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"Keep your eyes on the helpers" - Mr. Rogers
  • #44
  • Jun 25, 2008 2:08am Jun 25, 2008 2:08am
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"Keep your eyes on the helpers" - Mr. Rogers
  • #45
  • Jun 25, 2008 2:09am Jun 25, 2008 2:09am
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"Keep your eyes on the helpers" - Mr. Rogers
  • #46
  • Jun 25, 2008 2:25am Jun 25, 2008 2:25am
i kept my short open from earlier and am now debating about adding another position at the next level.

Attached Image (click to enlarge)
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"Keep your eyes on the helpers" - Mr. Rogers
  • #47
  • Jun 25, 2008 2:34am Jun 25, 2008 2:34am
my stops on my 2nd eurusd order are really tight as we are close to breaking through the PSAR....this will either breakthrough or better yet, go lower to get me back in profit on this trade. I was up 12 pips and normally would have closed that trade around +2 or 3, but didn't this time
"Keep your eyes on the helpers" - Mr. Rogers
  • #48
  • Jun 25, 2008 2:34am Jun 25, 2008 2:34am
we have an inside bar on gbpjpy on M30....maybe this will play out

Update:

i am a little leary playing this since we are still in our range
"Keep your eyes on the helpers" - Mr. Rogers
  • #49
  • Jun 25, 2008 2:38am Jun 25, 2008 2:38am
Thanks for the trouble you are going to in updating your charts. I am following the eur/usd and am now starting to understand your strategy.
  • #50
  • Jun 25, 2008 2:38am Jun 25, 2008 2:38am
Anyone awaiting Trichet?
  • #51
  • Jun 25, 2008 2:53am Jun 25, 2008 2:53am
Quoting Tara Nova
Anyone awaiting Trichet?
trichet may be tough to trade if he just drops hints for us to interpret. if he comes right out straight forward, then the market should move
"Keep your eyes on the helpers" - Mr. Rogers
  • #52
  • Jun 25, 2008 2:56am Jun 25, 2008 2:56am
Quoting orientos
Thanks for the trouble you are going to in updating your charts. I am following the eur/usd and am now starting to understand your strategy.
glad it is working
"Keep your eyes on the helpers" - Mr. Rogers
  • #53
  • Jun 25, 2008 2:57am Jun 25, 2008 2:57am
closed my short for a loss of 3/4%

should have closed out as my strategy suggests...i will learn

I am probably goin to pass trading at the moment as volume appears very low
"Keep your eyes on the helpers" - Mr. Rogers
  • #54
  • Jun 25, 2008 3:05am Jun 25, 2008 3:05am
guess i should have taken the trade eurusd had a nice move that i didn't expect
"Keep your eyes on the helpers" - Mr. Rogers
  • #55
  • Jun 25, 2008 5:58am Jun 25, 2008 5:58am
Hi damonl,

I like your strategy, I'm playing with something similar on H1 charts, this strategy is here :http://tradesetups.fxstreet.com/

Do someone have mayby sound alarm when PSAR changing from bullish to bearish and opposite?
  • #56
  • Jun 25, 2008 6:05am Jun 25, 2008 6:05am
There's one in the pip nailer thread.

Quoting magictrader
... Do someone have mayby sound alarm when PSAR changing from bullish to bearish and opposite?
  • #57
  • Jun 25, 2008 6:08am Jun 25, 2008 6:08am
Quoting magictrader
Do someone have mayby sound alarm when PSAR changing from bullish to bearish and opposite?
Try SAR Color.
  • #58
  • Jun 25, 2008 6:31am Jun 25, 2008 6:31am
Thanks very much.
  • #59
  • Jun 25, 2008 9:31am Jun 25, 2008 9:31am
Quoting damonl
Attachment
I donīt know what you do in this chart.
The green vertical line is your entry point?
Perhaps I donīt understand the system
Regards
  • #60
  • Jun 25, 2008 10:36am Jun 25, 2008 10:36am
My first trade and first profit with that system.
Just need to work on TP level.
Attached Image (click to enlarge)
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