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A Basic Breakout System

  • #61
  • Jul 9, 2008 3:00pm Jul 9, 2008 3:00pm
Can you please tell me more about the BAT indicator, how have you determined the inputs, and should every pair have the same setting?
  • #62
  • Jul 9, 2008 3:09pm Jul 9, 2008 3:09pm
As far as i'm concerned The Majors + EURJPY and GBPJPY work very well with the settings of 1/6.

The inputs were derived through extensive back and forward testing + live trading.

Can't really say more than that about it. : )

Regards,
e. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #63
  • Jul 9, 2008 3:21pm Jul 9, 2008 3:21pm
Effi, what would you say about GBPUSD on H4 as it has broken the resistance?

Thanks
  • #64
  • Jul 9, 2008 3:25pm Jul 9, 2008 3:25pm
It just completed Phase 1 on H4. (The directional bias is changed to bullish from this point onwards)

However you could have taken trades on H1 which had both P1, P2 and P3 in check. (Post 57: GBPUSD H1 P3)

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #65
  • Jul 9, 2008 3:34pm Jul 9, 2008 3:34pm
just leaving a message so i am subscribed to this thread. Nice work on the tutorial for this Effi; as usual obviously
  • #66
  • Jul 9, 2008 3:49pm Jul 9, 2008 3:49pm
Quoting effilang
As far as i'm concerned The Majors + EURJPY and GBPJPY work very well with the settings of 1/6.

The inputs were derived through extensive back and forward testing + live trading.

Can't really say more than that about it. : )

Regards,
e. Lang
Cheers bro!
  • #67
  • Jul 9, 2008 4:16pm Jul 9, 2008 4:16pm
Goodnight.

See you tomorrow.
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #68
  • Jul 9, 2008 4:43pm Jul 9, 2008 4:43pm
PROBLEM ... I CAN NOT TRANSLATING THE STRATEGY IN ITALIAN BY SITE MAY HAVE TO BE WORLD FORMAT OR OTHER?

BEST REGARDS
EAGLE
  • #69
  • Jul 9, 2008 5:15pm Jul 9, 2008 5:15pm
Another piece of fine art....
  • #70
  • Jul 9, 2008 5:42pm Jul 9, 2008 5:42pm
Clear & simple!

Thanks for all Effi!

Cheers
  • #71
  • Jul 9, 2008 6:45pm Jul 9, 2008 6:45pm
MADE PIPS TODAY ALREADY!! EXCELLENT YET Again Effi!!
  • #72
  • Edited 7:12pm Jul 9, 2008 6:59pm | Edited 7:12pm
Sorry guys, call me a retard but I just can't understand PAST Phase 2, it doesn't look clear to me in any way, and I tought the blue or red line had to breach the candle (touching it or passing it) in some of your examples it doesn't do that, they way you draw the pink lines etc etc. Send you IM also.

Thanks in Advance
  • #73
  • Jul 9, 2008 8:52pm Jul 9, 2008 8:52pm
I was trading the three majors today. I just added EUR/JPY to my charts I was wondering if these would have been valid entrance spots long.

Thanks in advance!
Attached Image (click to enlarge)
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  • #74
  • Jul 10, 2008 12:58am Jul 10, 2008 12:58am
The first trade: yes
The second: no
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #75
  • Jul 10, 2008 1:00am Jul 10, 2008 1:00am
Quoting midwestguy94
MADE PIPS TODAY ALREADY!! EXCELLENT YET Again Effi!!
Good to hear.
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #76
  • Edited 2:26am Jul 10, 2008 1:25am | Edited 2:26am

http://img519.imageshack.us/img519/1723/eutd9.gif

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #77
  • Jul 10, 2008 1:38am Jul 10, 2008 1:38am
For those of you who are still having problems viewing the pictures:

1. Introduction
2. Chart Setup
3. The Skinny On The Indicator
4. Phase 1
5. Phase 2
6. Phase 3
7. Examples
8. Study Incentive

If you still have problems after this, i can't help you.... (Don't want to)
...well actually i can, in numerous ways in fact, but why should i bother if you're too lazy to solve your own problem. Just shows you don't want it bad enough.

There is always a solution.

I won't answer anymore e-mails of the "i can't see the pictures" type anymore, especially when the resolutions i offer "aren't good enough", so refer to this post or fix your browser. You can't ask someone for a favor, then bargain about it...

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #78
  • Jul 10, 2008 1:43am Jul 10, 2008 1:43am
On the EU long, I would put my stoploss just below the low at around 1.9515, where have you put yours? Or do you have a hardstop on this one?
  • #79
  • Jul 10, 2008 1:45am Jul 10, 2008 1:45am
Quoting NowAndLater
On the EU long, I would put my stoploss just below the low at around 1.9515, where have you put yours? Or do you have a hardstop on this one?
Right below 1.5700
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #80
  • Jul 10, 2008 1:49am Jul 10, 2008 1:49am
Your SL is fine too NowAndLater.

We got hit by the French news on that one, but it didn't break past lows on the release so there is a very good chance we have a resumption.
"One Grows Tall After Walking Through A Forest Of Tall Trees."
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