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  • #201
  • Sep 19, 2008 12:08pm Sep 19, 2008 12:08pm
Quoting Hwd
Yup.

As a member noted in her post that her husband was wondering if this method could work between 22:00 and 24:00.

I really think that this method can work anywhere consolidation is spotted at anytime on a 5 min chart. Look at today's charts just before the Asian open, on all majors, EU, GU, AU, Swissy, EJ, they all had tight consolidation maybe 30 or 40 pips then broke. Many times there is consolidation before the Asian session because the US market closes then there is a breather for a couple hours. Sometimes even during the Asian session consolidation takes place then breaks in the London session.If traded exactly as Nomo trades, I am pretty sure it will be successful, just look back at the charts.

Essentially, the method is combining a straight breakout method with a 1-2-3 setup, which is a simple but genius idea. So instead of just entering at a specific price a few pips from a high or low, the 1-2-3 set up filters the bad trades (though 2 false breaks in a row can occur but losing is part of it).

If trading at a specific time suits a trader's personality then good, if u can at anytime when consolidation is spotted then good also.

Thanks again, Nomoretoxic.
excellent observation my friend!!!

Glad I could help in your trading

stick around!!


cheers
  • #202
  • Sep 19, 2008 1:40pm Sep 19, 2008 1:40pm
Went 2-0 this morning.

eur/usd +20
gbp/usd +40


long entry @ 1.4426, tp 1.4446, sl 1.4401, trade lasted 17 minutes
long entry @ 1.8291, tp 1.8331, sl 1.8251, trade lasted 7 minutes
  • #203
  • Sep 19, 2008 1:53pm Sep 19, 2008 1:53pm
Quoting mappollo69
Went 2-0 this morning.

eur/usd +20
gbp/usd +40


long entry @ 1.4426, tp 1.4446, sl 1.4401, trade lasted 17 minutes
long entry @ 1.8291, tp 1.8331, sl 1.8251, trade lasted 7 minutes

Nice trades!!!
  • #204
  • Sep 19, 2008 2:16pm Sep 19, 2008 2:16pm
Will do some small live trades with this next week. Looks like today that many pairs just went straight up without a retrace. The USD/CHF, GBP/USD, EUR/USD. Nomoretoxic, do you use only this system for full time trading?
  • #205
  • Sep 19, 2008 2:28pm Sep 19, 2008 2:28pm
Quoting paradoxical
Will do some small live trades with this next week. Looks like today that many pairs just went straight up without a retrace. The USD/CHF, GBP/USD, EUR/USD. Nomoretoxic, do you use only this system for full time trading?
I use another stuff. Price based.

Sometimes I combine the two, but the box itself works more often than not.

I use to trade the box using straight out breakouts. But I realized after a while I was getting burned quite a lot. I rather miss the bus and wait for the next one than getting toasted on many trades.

EUR/USD had a nice move but it was late and outside the box. Check the last chart I posted here.

Don't hesitate to ask my friend!!! we'll help ya get it goin'

your cost ...$00000

you can't get it cheaper than that LOL

cheers
  • #206
  • Sep 19, 2008 2:47pm Sep 19, 2008 2:47pm
Guys

Probably some of you have noticed that I reply very quickly.

Well, I am in front of the screen 'cause this is what I do. I trade off the screen. My job is right here.

But today is Friday. I deserve some entertainment. Right now is 3:41 PM Eastern Time and there's a lady coming in from work, looking for some entertainment too. So we need to figure out how we can "fix" this situation LOL

Unfortunately, as much as I love to chat with you guys, I need to clear off for a while. But I'll be around tomorrow, Saturday, so don't hesitate to ask me any questions....I will surely check this thread tomorrow.

Congratulations to all of you who make some dough during this week using this system. As for me it's an honor and a pleasure to contribute to your trading...Bear in mind that no matter what you use not all days and weeks will be like this one. Just by hanging in there you will stack odds in your favor. Trust me. Been there done that.

I wish you all a wonderful weekend...

see you guys tomorrow

cheers
  • #207
  • Edited 5:01pm Sep 19, 2008 4:15pm | Edited 5:01pm
NY session, 9/15 demo trade. Im detailing all setups for future reference.
This is AUD/USD.

Comments welcome.

Basis rules,

breakout is 5pips hi/low of box.
retrace candle must close within hi/low of box.
entry is 5pips hi/low of box.
stoploss is hi/low of breakout candle(minimum 8-10pips), sometimes more for wiggle room.
take profit, minimum is 20 pips, i used 25 and 40 this week.
Attached Image (click to enlarge)
Click to Enlarge Name: aud0915.gif Size: 20 KB
  • #208
  • Sep 19, 2008 4:16pm Sep 19, 2008 4:16pm
No trade, rukles not met.
Attached Image (click to enlarge)
Click to Enlarge Name: aud0916.gif Size: 21 KB
  • #209
  • Edited 5:02pm Sep 19, 2008 4:19pm | Edited 5:02pm
short trade, +25

entry 7898
stop loss 7923
take profit .7873
Attached Image (click to enlarge)
Click to Enlarge Name: aud0917.gif Size: 20 KB
  • #210
  • Sep 19, 2008 4:23pm Sep 19, 2008 4:23pm
short trade, +25

entry 8042
stop loss 8067
take profit 8017
Attached Image (click to enlarge)
Click to Enlarge Name: aud0918.gif Size: 20 KB
  • #211
  • Sep 19, 2008 4:24pm Sep 19, 2008 4:24pm
long trade +40

entry 8230
stop loss 8198
take profit 8270
Attached Image (click to enlarge)
Click to Enlarge Name: aud0919.gif Size: 20 KB
  • #212
  • Sep 19, 2008 4:42pm Sep 19, 2008 4:42pm
mappollo69 - Thanks for posting your charts and your trade criteria.

Quoting mappollo69
NY session, 9/15 demo trade. Im detailing all setups for future reference.
This is AUD/USD.

Comments welcome.

Basis rules,

breakout is 5pips hi/low of box.
retrace candle must close within hi/low of box.
entry is 5pips hi/low of box, close of candle 99.9%.
stoploss is hi/low of breakout candle(minimum 8-10pips), sometimes more for wiggle room.
take profit, minimum is 20 pips, i used 25 and 40 this week.
  • #213
  • Sep 19, 2008 5:21pm Sep 19, 2008 5:21pm
I do it this way.
Attached Image (click to enlarge)
Click to Enlarge Name: toxic1.jpg Size: 109 KB
  • #214
  • Sep 20, 2008 10:07am Sep 20, 2008 10:07am
Quoting nomoretoxic
here's the indicator
I canīt run the indicator in my metatrader platform.
This is the message:
There has been a critical error
Time : 2008.09.19 11:58
Program : Client Terminal
Version : 4.00 (build: 217, 02 Jul 2008)
OS : Windows XP Professional 5.1 Service Pack 2 (Build 2600)
Processors : 1 x X86 (level 6)
Memory : 253308/73500 kb
Exception : C0000005
Address : 0046275F
Access Type : read
Access Addr : 6DD26881
Registers : EAX=03145ED8 CS=001b EIP=0046275F EFLGS=00010212
: EBX=6DD26881 SS=0023 ESP=0012EAE8 EBP=0012EB20
: ECX=03145ED8 DS=0023 ESI=0045F62C FS=003b
: EDX=000000BD ES=0023 EDI=0314A7D0 GS=0000
Stack Trace : 0045560C 00000000 00000000 00000000
: 00000000 00000000 00000000 00000000
: 00000000 00000000 00000000 00000000
: 00000000 00000000 00000000 00000000
Modules :
1 : 00400000 002AA000 c:\archivos de programa\metatrader 4\terminal.exe
2 : 20000000 002B2000 c:\windows\system32\xpsp2res.dll
3 : 20B00000 00045000 c:\windows\system32\imon.dll
4 : 20C00000 0000D000 c:\archivos de programa\eset\pr_imon.dll
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6 : 61DF0000 0000E000 c:\windows\system32\mfc42loc.dll
7 : 66740000 00059000 c:\windows\system32\hnetcfg.dll
8 : 719D0000 00040000 c:\windows\system32\mswsock.dll
9 : 71A10000 00008000 c:\windows\system32\wshtcpip.dll
10 : 71A20000 00008000 c:\windows\system32\ws2help.dll
11 : 71A30000 00017000 c:\windows\system32\ws2_32.dll
12 : 71A50000 0000A000 c:\windows\system32\wsock32.dll
13 : 71B90000 00013000 c:\windows\system32\samlib.dll
14 : 72C90000 00008000 c:\windows\system32\msacm32.drv
15 : 72CA0000 00009000 c:\windows\system32\wdmaud.drv
16 : 73D50000 000FE000 c:\windows\system32\mfc42.dll
17 : 746B0000 0004B000 c:\windows\system32\msctf.dll
18 : 75160000 0002E000 c:\windows\system32\msctfime.ime
19 : 76330000 00005000 c:\windows\system32\msimg32.dll
20 : 76340000 0001D000 c:\windows\system32\imm32.dll
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22 : 76630000 000B4000 c:\windows\system32\userenv.dll
23 : 76B00000 0002E000 c:\windows\system32\winmm.dll
24 : 76BF0000 0002E000 c:\windows\system32\wintrust.dll
25 : 76C50000 00028000 c:\windows\system32\imagehlp.dll
26 : 76F20000 0002D000 c:\windows\system32\wldap32.dll
27 : 76F80000 00006000 c:\windows\system32\rasadhlp.dll
28 : 770F0000 0008B000 c:\windows\system32\oleaut32.dll
29 : 773A0000 00103000 c:\windows\winsxs\x86_microsoft.windows.common-controls_6595b64144ccf1df_6.0.2600.2982_x-ww_ac3f9c03\comctl32.dll
30 : 774B0000 0013D000 c:\windows\system32\ole32.dll
31 : 77660000 00021000 c:\windows\system32\ntmarta.dll
32 : 77A50000 00095000 c:\windows\system32\crypt32.dll
33 : 77AF0000 00012000 c:\windows\system32\msasn1.dll
34 : 77BA0000 00007000 c:\windows\system32\midimap.dll
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36 : 77BE0000 00058000 c:\windows\system32\msvcrt.dll
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38 : 77E50000 00092000 c:\windows\system32\rpcrt4.dll
39 : 77EF0000 00047000 c:\windows\system32\gdi32.dll
40 : 77F40000 00076000 c:\windows\system32\shlwapi.dll
41 : 77FC0000 00011000 c:\windows\system32\secur32.dll
42 : 7C800000 00102000 c:\windows\system32\kernel32.dll
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44 : 7E390000 00090000 c:\windows\system32\user32.dll
45 : 7E6A0000 00820000 c:\windows\system32\shell32.dll
Call stack :
0045F5B0:31AF [0046275F] ?ExecuteStaticAsm@CExpertInterior (terminal.exe)
00455500:010C [0045560C] ?UninitFunctionInt@CExpertInterior (terminal.exe)
  • #215
  • Sep 20, 2008 10:22am Sep 20, 2008 10:22am
I believe this is the latest version

not sure

hope it helps


Two horizontal lines and two vertical line from 7-9 AM Eastern time will do the trick

1-3 AM Eastern time for London Session

or simply use whatever session/times you expect to be some sort of consolidation

simple stuff.
Attached File(s)
File Type: ex4 ant-GUBreakout_V[1].0.3.ex4   9 KB | 448 downloads
  • #216
  • Sep 20, 2008 10:49am Sep 20, 2008 10:49am
Here was my GBPUSD trade on Friday. My SL was set to 20. I use a 20 PIP trailing stop once i secure 20 PIPs. Red lines make up the box. I use 7 - 9a for the box, I must have moved it by mistake when making the image.

Any comments would be appreciated. I want to make sure I'm getting a true understanding of the price action here.

Thanks RR -
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_london_91908.jpg Size: 87 KB
  • #217
  • Sep 20, 2008 1:35pm Sep 20, 2008 1:35pm
Quoting RRothschild
Here was my GBPUSD trade on Friday. My SL was set to 20. I use a 20 PIP trailing stop once i secure 20 PIPs. Red lines make up the box. I use 7 - 9a for the box, I must have moved it by mistake when making the image.

Any comments would be appreciated. I want to make sure I'm getting a true understanding of the price action here.

Thanks RR -

It worked for you so thats good. A few things, this was a no trade for me due to a few things.

Closed candle is 9:04.59, your line is drawn at 9:00.00 closed candle.
Your breakout candle is actually your hi of the box.
Your retrace candles happened before the breakout.
Your entry candle is actually your breakout candle.
There was no retracement in the box.

Thats one way.

Another way, wait till that doji by your exit, Place buy a few pips above doji, stop loss 20pip minimum, take profit 20 pips. Could have held this long for a solid +60.

This is another way.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 17 KB
  • #218
  • Sep 20, 2008 1:46pm Sep 20, 2008 1:46pm
NOMORETOXIC,

Asking your opinion about live trade room. Im thinking a good idea overall. I know all rules are here but LIVE AS IT HAPPENS would be great.

Time willing, effort I would be willing to be there, posting charts as they happen, making money losing money.

Your thread, your decision. Im just greatfull for the info, I went 70% last week, positive pips. I will be trading London and NY Breakout Method daily.

GBP/USD, I was 6-0 will this pair last week, eur/usd and eur/jpy brought down percentage but positive is positive.

Let me know.
  • #219
  • Sep 20, 2008 3:07pm Sep 20, 2008 3:07pm
Nomo, your system is very similar to Phil Newton's breakout system. He has been trading and teaching his system for several years. Your system is excellent and I thank you for
sharing it with all of us. Check out his system as I think his way might increase the win loss ratio.
Inserted Video
  • #220
  • Sep 20, 2008 3:12pm Sep 20, 2008 3:12pm
I agree with Mappollo69. I like the idea of starting a trading room for the NOMO system.
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