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Nomoretoxic's breakout

  • #701
  • Oct 16, 2008 10:02am Oct 16, 2008 10:02am
Guys

You can choose to trade 1 or 2 pairs...

If you trade more than one pair, be sure to spread the risk among them wisely.


This thread is about some people making profit quietly...that's interesting, don't you think??


cheers
  • #702
  • Oct 16, 2008 10:11am Oct 16, 2008 10:11am
Quoting nomoretoxic
Guys

You can choose to trade 1 or 2 pairs...

If you trade more than one pair, be sure to spread the risk among them wisely.


This thread is about some people making profit quietly...that's interesting, don't you think??


cheers

So...what are you saying? We should not talk about winners and losers?
  • #703
  • Oct 16, 2008 10:13am Oct 16, 2008 10:13am
Quoting nomoretoxic
Guys

You can choose to trade 1 or 2 pairs...

If you trade more than one pair, be sure to spread the risk among them wisely.


This thread is about some people making profit quietly...that's interesting, don't you think??


cheers
It is refreshing actually. It's simple and effective, and most people here want complicated with thousands of indicators or a robot to trade for them. I use this along with two other volatility breakout methods that are very simple. That is all I need.
  • #704
  • Oct 16, 2008 10:14am Oct 16, 2008 10:14am
Quoting cheelu
the dotted line will appear ONLY if entry is hit. at that point, i will go back to the previous bars to find the swing high / low

regarding the alert, do you want the alert on the indicator itself as opposed to using an ea ? thats possible.
oK


I use the dotted line, before my order gets filled. The reason why is due the fact I make my calculations (the whole bracket, entry, stop loss and profit target) once I see the market coming back to my direction. That gives me enough time to calculate how much I am risking and how many lots/mini lots (load) I will use so I can keep my risk always at the same level, no matter how far/distant the swing is.

The idea is to be ready before the order gets filled.

Could this dotted line appears before my entry gets filled??

Like for instance, wait a couple for bars heading in our direction before the dotted line appears...

if is not possible, we'll love you anyways.

You have no idea how easy my life is now with this indicator LOL.

I hope I don't sound too complicated...if you got lost, please let me know.




Please advise.
  • #705
  • Oct 16, 2008 10:16am Oct 16, 2008 10:16am
Quoting tim4kaye
So...what are you saying? We should not talk about winners and losers?
oh not at all, I love when you guys talk about winners and losers. It's that I see all of you making pips consistently and I can't avoid to be glad for all of you...as I said in one of my post "consistency is the key" (my mentor words by the way).

cheers
  • #706
  • Oct 16, 2008 10:17am Oct 16, 2008 10:17am
Quoting nomoretoxic
oK


I use the dotted line, before my order gets filled. The reason why is due the fact I make my calculations (the whole bracket, entry, stop loss and profit target) once I see the market coming back to my direction. That gives me enough time to calculate how much I am risking and how many lots/mini lots (load) I will use so I can keep my risk always at the same level, no matter how far/distant the swing is.

The idea is to be ready before the order gets filled.

Could this dotted line appears before my entry gets filled??

Like for instance, wait a couple for bars heading in our direction before the dotted line appears...

if is not possible, we'll love you anyways.

You have no idea how easy my life is now with this indicator LOL.

I hope I don't sound too complicated...if you got lost, please let me know.




Please advise.
That is what I was thinking. I just kept using the original box from the beginning of the thread.
  • #707
  • Oct 16, 2008 12:41pm Oct 16, 2008 12:41pm
Quoting Cmartin371
That is what I was thinking. I just kept using the original box from the beginning of the thread.

I believe the indicator gives the trader more information on the go.

If cheelu can't do anything on the stop-loss line I'll use it anyway.

The stop-loss line still brings a confirmation on the swing so it's not a big deal.


cheers
  • #708
  • Oct 16, 2008 2:31pm Oct 16, 2008 2:31pm
Quoting cheelu
hi nomo,

yes. I have an EA that sends out an email alert and also popups up an alert.
its available on http://www.forexfactory.com/showthread.php?t=115267

I got the EA now...Excellent job.

Thanks a lot cheelu!!

cheers
  • #709
  • Oct 16, 2008 3:34pm Oct 16, 2008 3:34pm
hi Nomo,

if i understand it properly, once the pullback starts to happen, i should immediately find the swing high/low and draw the dotted line. if price reaches a new swing point, the dot line should be redrawn.

i can do that.

Quoting nomoretoxic
oK


I use the dotted line, before my order gets filled. The reason why is due the fact I make my calculations (the whole bracket, entry, stop loss and profit target) once I see the market coming back to my direction. That gives me enough time to calculate how much I am risking and how many lots/mini lots (load) I will use so I can keep my risk always at the same level, no matter how far/distant the swing is.

The idea is to be ready before the order gets filled.

Could this dotted line appears before my entry gets filled??

Like for instance, wait a couple for bars heading in our direction before the dotted line appears...

if is not possible, we'll love you anyways.

You have no idea how easy my life is now with this indicator LOL.

I hope I don't sound too complicated...if you got lost, please let me know.




Please advise.
  • #710
  • Oct 16, 2008 3:50pm Oct 16, 2008 3:50pm
Quoting cheelu
hi Nomo,

if i understand it properly, once the pullback starts to happen, i should immediately find the swing high/low and draw the dotted line. if price reaches a new swing point, the dot line should be redrawn.

i can do that.

Exactly...that will be nice!!!
  • #711
  • Oct 16, 2008 7:01pm Oct 16, 2008 7:01pm
Quoting cheelu
the dotted line will appear ONLY if entry is hit. at that point, i will go back to the previous bars to find the swing high / low

regarding the alert, do you want the alert on the indicator itself as opposed to using an ea ? thats possible.
I think it would be awesome to have on the indicator that way we could just have a box for each session and be alerted instead of having to change the box times for the EA each time.

It isn't all that hard, but it would be a convenience if its at all possible.
  • #712
  • Oct 16, 2008 7:58pm Oct 16, 2008 7:58pm
I use profiles. I have a london profile with all the charts with EA for londontime and another profile for NY wiht EA for NY time.
All i do is change profile between london and ny whenever I need.

Quoting Verto
I think it would be awesome to have on the indicator that way we could just have a box for each session and be alerted instead of having to change the box times for the EA each time.

It isn't all that hard, but it would be a convenience if its at all possible.
  • #713
  • Oct 16, 2008 9:23pm Oct 16, 2008 9:23pm
Asian Session.....-55 on G/Y and missed my TP on E/U by a pip.....trade is still going but not looking good. I am leaving G/U alone with the huge spike out of the box and the explosion right back up into it.
  • #714
  • Oct 16, 2008 9:28pm Oct 16, 2008 9:28pm
Guys

Don't you think Asia session is somehow a lil' fast 'n wild for the box??

Moreover- erratic on high volatile pairs??
  • #715
  • Oct 17, 2008 1:18am Oct 17, 2008 1:18am
the EA is crashing my platform(alpari build 218) pls can u send the .mq4 of the file,thanks for your help
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #716
  • Oct 17, 2008 2:20am Oct 17, 2008 2:20am
Good morning all,

that's the setup what I see in this moment.

buy stop gbpusd @ 1.7386
sl 1.7342
tp 1.7436
Attached Image (click to enlarge)
Click to Enlarge Name: chart gbpusd 17.10..gif Size: 12 KB
  • #717
  • Oct 17, 2008 2:42am Oct 17, 2008 2:42am
Quoting swakop
Good morning all,

that's the setup what I see in this moment.

buy stop gbpusd @ 1.7386
sl 1.7342
tp 1.7436
A new low after breakout, 1.7330, I canceled this order.
  • #718
  • Oct 17, 2008 3:15am Oct 17, 2008 3:15am
The next trades with the setup:
usdjpy sell @ 101.20 (+3 pips)
sl 101.40
tp 100.90
ts 15

audusd sell @ 0.6816 (+50 pips)
sl 0.6856
tp 0.6866
ts 25

gbpjpy sell @ 175.20 (+16 pips)
sl 175.80
tp 174.60
ts 35
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart usdjpy 17.10..gif Size: 12 KB
Click to Enlarge Name: chart audusd 17.10..gif Size: 11 KB
  • #719
  • Oct 17, 2008 4:52am Oct 17, 2008 4:52am
Another nice trade.
buy usdcad @ 1.1861
sl 1.1844
tp 1.1931
ts 12
Attached Image (click to enlarge)
Click to Enlarge Name: chart usdcad 17.10..gif Size: 11 KB
  • #720
  • Oct 17, 2008 6:28am Oct 17, 2008 6:28am
Quoting swakop
Another nice trade.
buy usdcad @ 1.1861
sl 1.1844
tp 1.1931
ts 12
swakop,

I appreciate your sharing - I am trying to make sure I have this down..

Looking at your chart, was there a reason you did not take the pullback that occurred at approx 7:45 chart time? Looks like there was pullback candle that closed back in the box and the the next one continued up.

Your comments are greatly appreciated..

T...
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