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Nomoretoxic's breakout

  • #561
  • Oct 7, 2008 8:45am Oct 7, 2008 8:45am
Good trading....

Quoting mappollo69
Good start

long gbpusd

entry 1.7595
tp 1.7625
sl 1.7543

+30

long eurusd

entry 1.3701
tp 1.3731
sl 1.3669

+30
  • #562
  • Edited 9:08am Oct 7, 2008 8:57am | Edited 9:08am
Quoting RRothschild
Good trading....

Thanks, I almost bailed at +20 but let the price go, gold was up too so I figured go for it.
Should be choppy till the master of puppets speech this afternoon, dollar will rebound a little before than, range day.

I got my +60, im celebrating, heading to blockbuster yea.
  • #563
  • Edited 11:49pm Oct 7, 2008 11:23pm | Edited 11:49pm
Finally a break on the G/U. I'm in long at 1.7541.
Im also in GBP/CHF long at 1.9978

This is all using NOMO'S system.

update:

+20 GU. Wow this thing jumped over 50 pips and still going. If I would have used Rothchilds 20 pip ts. This would be an even bigger trade. Happy with what I got though.

+14 GBP CHF

update

-22 USD/CAD
  • #564
  • Edited 2:11am Oct 8, 2008 2:02am | Edited 2:11am
Nice trading......

g/u did take a long time......

I got +40

GBPUSD +40
Entry 1.7522 (24)
SL 1.7498
TP 1.7562

This was a lucky trade, I'm normally out of my trades by 12:00 or 12:30 but I fell asleep.

Slim pickins on the pairs I follow otherwise.....
Quoting iflyhigh72
Finally a break on the G/U. I'm in long at 1.7541.
Im also in GBP/CHF long at 1.9978

This is all using NOMO'S system.

update:

+20 GU. Wow this thing jumped over 50 pips and still going. If I would have used Rothchilds 20 pip ts. This would be an even bigger trade. Happy with what I got though.

+14 GBP CHF

update

-22 USD/CAD
  • #565
  • Edited 2:14am Oct 8, 2008 2:13am | Edited 2:14am
Big breakouts on GBPJPY, EURUSD and GBPUSD. Let's see if there is any retrace.
  • #566
  • Oct 8, 2008 2:21am Oct 8, 2008 2:21am
Large breakouts already, mainly in yen pairs.

eur/jpy 200 pip breakout candle
gbpjpy 250 pip candle
usdjpy 110 pip candle

big time moves.
  • #567
  • Oct 8, 2008 7:32am Oct 8, 2008 7:32am
Had no trades. The market was too wild for me.

The only trade possibilities that I saw were on USDCHF (which would have been a loss) and GBPUSD (which would have given 20 PIPs late in the session).

The r/r made no sense too me even adjusting the LOT sizes.

RR -
  • #568
  • Oct 8, 2008 8:33am Oct 8, 2008 8:33am
Anybody use this system for the Tokio Session?
  • #569
  • Oct 8, 2008 8:46am Oct 8, 2008 8:46am
Yes, look at all of my posts that say Asian session....


Quoting neurus
Anybody use this system for the Tokio Session?
  • #570
  • Oct 8, 2008 8:51am Oct 8, 2008 8:51am
Have the day off....first time trading NY session. Missed my 20 TP on G/U by 2 pips and got stopped out on Oanda feed.
  • #571
  • Oct 8, 2008 8:51am Oct 8, 2008 8:51am
GBPUSD +20
Entry: 1.7405
SL: 1.7458 (53)
TP: 1.7385
  • #572
  • Oct 8, 2008 8:55am Oct 8, 2008 8:55am
Damn....did we have entries that were close? my fxcm feed went 3 pips past the 20 TP.

Quoting Cmartin371
Have the day off....first time trading NY session. Missed my 20 TP on G/U by 2 pips and got stopped out on Oanda feed.
  • #573
  • Oct 8, 2008 9:16am Oct 8, 2008 9:16am
Quoting Cmartin371
Have the day off....first time trading NY session. Missed my 20 TP on G/U by 2 pips and got stopped out on Oanda feed.
I missed my TP by 2 pips also using IBFX but price action moved lower 20 mins. later and gave me the 20 pips.
  • #574
  • Oct 8, 2008 9:17am Oct 8, 2008 9:17am
short 1.7401
tp 1.7371
sl 1.7441

+30
  • #575
  • Oct 8, 2008 9:18am Oct 8, 2008 9:18am
Quoting RRothschild
Damn....did we have entries that were close? my fxcm feed went 3 pips past the 20 TP.

Entry was 1.7402
T/P was 1.7382
S/L was 1.7445 (43)...this was the high of the reversal on ibfx. I use there charts and place orders on Oanda. I see it took off now. Oh well.
  • #576
  • Oct 8, 2008 9:20am Oct 8, 2008 9:20am
Quoting tim4kaye
I missed my TP by 2 pips also using IBFX but price action moved lower 20 mins. later and gave me the 20 pips.
Yes...ibfx would not have touched my s/l at 445 as it got up to 441. Oanda probably playing games again as they hit 445 exactly before reversing.
  • #577
  • Oct 8, 2008 9:59am Oct 8, 2008 9:59am
Hi RR: I am using Adm. Markets and was wondering how you came up with 1.7458 as your SL? I'm still trying to get the hang of SL's with this system, ThanksJim
  • #578
  • Edited 11:01am Oct 8, 2008 10:38am | Edited 11:01am
I used the prior highest high before the initial breakout.

we should be using a price that the market hasn't been to in a while.

Sometime, when you end up out of the box, then you should use the highest high of the retracement......because it is the highest high that the market has seen in a while....

Nomo any additional wisdom would be appreciated.

Hope this helps.....

RR -

Quoting bigjim1958
Hi RR: I am using Adm. Markets and was wondering how you came up with 1.7458 as your SL? I'm still trying to get the hang of SL's with this system, ThanksJim
  • #579
  • Oct 8, 2008 10:45am Oct 8, 2008 10:45am
Nomo,

Have you ever reused the same side of the box after you have made a profitable trade?

If you have the time, take a look at the GBPUSD this NY Session. Loos like you could have gotten 20 PIPs from the initial retracement of the box.

Then you have double bottom low close bars, a retracement and then further movement down.

What do you think?

RR -
  • #580
  • Oct 8, 2008 1:47pm Oct 8, 2008 1:47pm
Hi RR: Thanks for your quick reply. Do you worry about R:R with a SL that high when we're shooting for approx 20 pips?Jim
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