Nomoretoxic's breakout | Page 30 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another simple breakout system 32 replies

(False) Breakout & Trend Reversal Strategies?? 12 replies

My Asian Breakout trading Journal 54 replies

Nomoretoxic's Money Management 34 replies

Playing the Breakout Trade 4 replies

Attachments: Nomoretoxic's breakout
Exit Attachments

Nomoretoxic's breakout

  • #581
  • Oct 8, 2008 2:00pm Oct 8, 2008 2:00pm
Yes, we reduce the LOT size, so that you can take the trade.

sometimes the r/r is off, but you can still aim for 1:1 and lock in the 20 PIPS once you get them and trail the rest. you will lose from time to time it happens.

Quoting bigjim1958
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
  • #582
  • Edited 9:16pm Oct 8, 2008 9:04pm | Edited 9:16pm
usdchf -28
entry: 1.1311
sl: 1.1283
tp: 1.1339

audusd +60
entry: 0.6756
sl: 0.6691
tp: 0.6816
moved sl to b/e at +20 with a 20 pip trailing stop.....

Missed a good trade on GBPJPY, but the spread is 17 Pips, so i passed.

UPDATE:
Relooking at my USDCHF I trade I realized that I made a mistake. I should have had my entry at 1.1294, SL at 1.1277 and TP at 1.314. The 20:10 bar actually broke thru the box, so I should still be in this trade. Oh well.
  • #583
  • Oct 9, 2008 3:24am Oct 9, 2008 3:24am
Good morning,

here is my first trade for today:
gbpjpy buy @ 175.10
sl 174.30
tp 174.90
ts 30
Attached Image (click to enlarge)
Click to Enlarge Name: chart gbpjpy 09.10..gif Size: 11 KB
  • #584
  • Oct 9, 2008 3:47am Oct 9, 2008 3:47am
AUDUSD +35
Entry: 0.7035
SL: 0.6945 (90)
TP: 0.7070

EURUSD +31
Entry: 1.3720
SL: 1.3698 (22)
TP: 1.3751

GBPUSD +20
Entry: 1.7284
SL: 1.7259 (25)
TP: 1.7309
(locked in 20 PIPs and trade went back below b/e before rebounding)
  • #585
  • Oct 9, 2008 3:49am Oct 9, 2008 3:49am
Good trade!

I passed on it only because of the size of the spread which was 17 with my broker.

RR -

Quoting swakop
Good morning,

here is my first trade for today:
gbpjpy buy @ 175.10
sl 174.30
tp 174.90
ts 30
  • #586
  • Oct 9, 2008 8:58am Oct 9, 2008 8:58am
No trades for me so far this morning.
I will be away for the rest of the NY session.

Good luck trading everyone!

RR -
  • #587
  • Oct 9, 2008 9:08am Oct 9, 2008 9:08am
Quoting RRothschild
No trades for me so far this morning.
I will be away for the rest of the NY session.

Good luck trading everyone!

RR -

Market is on halt all over the place . I believe there's another clown in a suit speaking @11:00 or something.

Take care my friend!!!
  • #588
  • Oct 9, 2008 9:58am Oct 9, 2008 9:58am
I catch a nice run on London session.

Let's see what happens tomorrow -NY session is so slowww.


Cheers
  • #589
  • Oct 9, 2008 12:00pm Oct 9, 2008 12:00pm
can somebody help me...

should I change the settings on the breakout indicator ?

my broker is Interbank FX, the indicator standard settings is

brokergmtshift 3
start 14:00
end 16:00
day_number 6
show_label true
offset 5

which one must I change ?

thanks in advance
  • #590
  • Oct 9, 2008 12:44pm Oct 9, 2008 12:44pm
Quoting erikgault
can somebody help me...

should I change the settings on the breakout indicator ?

my broker is Interbank FX, the indicator standard settings is

brokergmtshift 3
start 14:00
end 16:00
day_number 6
show_label true
offset 5

which one must I change ?

thanks in advance

Im ny time, ibfx broker is +4

brokergmtshift 0
start 11:00, so -4 = 7am est
end 13:00, so -4 = 9am est
day_number 6
show_label true
offset 5
  • #591
  • Oct 9, 2008 1:03pm Oct 9, 2008 1:03pm
Quoting mappollo69
Im ny time, ibfx broker is +4

brokergmtshift 0
start 11:00, so -4 = 7am est
end 13:00, so -4 = 9am est
day_number 6
show_label true
offset 5
thanks mappollo69
  • #592
  • Oct 9, 2008 3:41pm Oct 9, 2008 3:41pm
hey everyone!!

I started a IRC channel dedicated to traders trading Nomo's box.

its on server..

irc.ircforex.com

Channel name

#NomoBox

------
so.. to everyone who has not used IRC before..
all you have to do is download a free software such as IceChat or mIRC..

choose a nickname.. enter the server.. and enter Channel name..

Looking forward to seeing some company in there, and hopefully we can catch more of these plays together.
  • #593
  • Oct 9, 2008 4:00pm Oct 9, 2008 4:00pm
Quoting Pooks
hey everyone!!

I started a IRC channel dedicated to traders trading Nomo's box.

its on server..

irc.ircforex.com

Channel name

#NomoBox

------
so.. to everyone who has not used IRC before..
all you have to do is download a free software such as IceChat or mIRC..

choose a nickname.. enter the server.. and enter Channel name..

Looking forward to seeing some company in there, and hopefully we can catch more of these plays together.

Thanks.

Just remember the sessions. Some people prefer London or NY. Some of us trade both.

I'll check 'n there from time to time.


cheers
  • #594
  • Oct 9, 2008 7:33pm Oct 9, 2008 7:33pm
Ron,
Here are some screens, hope it helps.
Im running latest v4 EA on 1M chart.
Range start 00:00
Range end 00:30
just for testing

Range actual is
high 1.3583
low 1.3558

Broker is IBFX

Range size actual is 24, correct
the other values are off

thanks for the efforts.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 8 KB
Attached Image
  • #595
  • Oct 9, 2008 7:36pm Oct 9, 2008 7:36pm
Quoting ozzy23
Ron,
Here are some screens, hope it helps.
Im running latest v4 EA on 1M chart.
Range start 00:00
Range end 00:30
just for testing

Range actual is
high 1.3583
low 1.3558

Broker is IBFX

Range size actual is 24, correct
the other values are off

thanks for the efforts.
What should they be?
  • #596
  • Oct 9, 2008 7:38pm Oct 9, 2008 7:38pm
last post was actually meant for the 7-9 Big Dog thread re the RRaygun EA.
  • #597
  • Oct 10, 2008 4:08am Oct 10, 2008 4:08am
A nice trade on EUR/USD this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd.gif Size: 32 KB
  • #598
  • Oct 10, 2008 8:49am Oct 10, 2008 8:49am
Nice breakout on USD/CAD this morning...

Enter - 1.1723.
SL - 1.1679.
TP - 1.1761.

MM - 2% = $200, risk 44 pips, lot size = .454 Lots traded.

Thanks again, Nomo.

Later.
Attached Image (click to enlarge)
Click to Enlarge Name: uc 10.10.08 .gif Size: 21 KB
  • #599
  • Oct 10, 2008 8:58am Oct 10, 2008 8:58am
Quoting Skygod
Nice breakout on USD/CAD this morning...

Enter - 1.1723.
SL - 1.1679.
TP - 1.1761.

MM - 2% = $200, risk 44 pips, lot size = .454 Lots traded.

Thanks again, Nomo.

Later.

Very nice, I missed that one. I did have a loser on the G/U this morning. Still ahead for the month, so far.
  • #600
  • Oct 10, 2008 9:04am Oct 10, 2008 9:04am
Yes, I am in the GU too....

It is down, but not out yet.

Entered @ 1.7096.
TP set @ 1.7144.
SL set @ 1.7039.

MM - 2%, risk 57 pips, lot size = .351 traded.

Let's hope for the best .
3 traders viewing now