Nomoretoxic's breakout | Page 48 | 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

  • #941
  • Nov 3, 2008 6:58am Nov 3, 2008 6:58am
Quoting Shorty
Hi NOMO!

I only looked at your system the last three month or so. I started trading 8 years ago and lost all my capital because of greed. You’re not the first person that were “pissed of” excuse the words by someone that doesn’t appreciate a guys opinion and understand were he is coming from

For a while I haven’t even looked at the market again. All I can say is your system made me positive to trading again.

I can see many of the other persons don’t follow your suggestions on the dot. It might work for them and we can even learn from them.

[font=Arial]I just want to thank you for your system and input. It will be...

No Problem. Always happy to help.

I am glad I make you look back into trading.


Once you have a trade going on, chances are 50% of either winning or losing. My real "edge" (if we can call it that way) is money management. That's the tool I use to survive in this business.

I post here from time to time. If you have any questions, please feel free to ask. I am glad you took the time and read the thread.

cheers.
  • #942
  • Nov 3, 2008 7:45am Nov 3, 2008 7:45am
This thread has made me realize how profitable trading on retracements can be.

I guess it made me notice those small but very frequent retracements in trending markets that provide opportunity to enter and exit with a profit.
  • #943
  • Edited 2:08pm Nov 3, 2008 1:50pm | Edited 2:08pm
London

EURUSD Sell -25
e - 12794
sl - 12819 (-25)
tp - 12769
c - 12819 (-25)

GBPUSD Sell +80
e - 16251
sl - 16291 (-40)
tp - 16171
c - 16171 (+80)

Distracted during NY Session and didn't get to make the GBPUSD trade that I saw around 10a est. Not sure if there were any other opportunities. I must have been tired this morning during this trade because I did make 25 PIPs and completely missed it, not my best trading. It happens, that trade should have closed for at least 20 pips profit.

RR -
  • #944
  • Nov 4, 2008 5:23am Nov 4, 2008 5:23am
Hi everyone:
Big thanks to everyone, especially nomo, I'm finally in the positive with my trading thanks to you. Question for Cheelu. I attached a chart of last night's London session and the EUR. I hope you can see the indicator gave a green check at the first breakout, then a second check at the breakout after the pullback, but the alert didn't signal until the 4th candle later, during another breakout. Am I misunderstanding, or should it have signalled at the second breakout. Thanks for all your help

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: nomoretoxic 110308.gif Size: 11 KB
  • #945
  • Nov 4, 2008 8:31am Nov 4, 2008 8:31am
First off...I would like to thank Nomo and others who generously contribute to this thread. This system, combined with a couple other "price action only" systems I follow, have completely changed and enlightened my perception of positive trading.

I was curious to know if the creators of the alert indicator/EA could add email or text mail notifications to when the breakouts occur...particulary the first breakout. I try to monitor trades from the box end, until a valid trade opportunity, but the 9 to 5 gets in the way sometimes. Having an email or text alert might make it easy to work and still catch the moves.

Looking forward to the future of this thread and system.
  • #946
  • Nov 4, 2008 8:44am Nov 4, 2008 8:44am
Scratch the last post request for email/text notifications. Went back and played with it a little more and found an incorrect setting. It's working now. Just got a GU Long Break.
  • #947
  • Nov 4, 2008 10:44am Nov 4, 2008 10:44am
Nice day today..... we get rid of Bush and get some new ideas in leadership....and trading was really cool too:

Winners on E/U, G/U, U/CAD ))). 2.9% ROI for the day.

Thanks again NOMO! You Da Man.
  • #948
  • Nov 4, 2008 12:58pm Nov 4, 2008 12:58pm
Quoting hellcat
First off...I would like to thank Nomo and others who generously contribute to this thread. This system, combined with a couple other \"price action only\" systems I follow, have completely changed and enlightened my perception of positive trading.

I was curious to know if the creators of the alert indicator/EA could add email or text mail notifications to when the breakouts occur...particulary the first breakout. I try to monitor trades from the box end, until a valid trade opportunity, but the 9 to 5 gets in the way sometimes. Having an email or text alert might make it easy to work and still catch the moves.

Looking forward to the future of this thread and system.
I use alertfx.com - rate alert.

hope it helps
  • #949
  • Nov 5, 2008 5:18am Nov 5, 2008 5:18am
Quoting RRothschild
Currently trading 6 pairs:

EURUSD, GBPUSD, USDCAD, GBPJPY, AUDUSD and USDCHF.

I'm at 1 - 2 % risk per trade. Overall win rate is 3:1. Average win 39 pips average loss 26 pips. Using my 25 PIPs, 1:1 and 2:1 SL moving scheme i leave about 7.9 pips on the table per trade.

RR -
FYI I'm currently trading the following pairs for all three sessions. Usually drop 2-3 pairs depending on which session i'm trading in.

eur/usd, gbp/usd, aud/usd, eur/jpy, usd/jpy & usd/chf

For me NY is the best session, then London then Asian

cad and gbp/jpy have spreads that are unattactive to me since my ballpark tp is 20pips
  • #950
  • Nov 6, 2008 2:19am Nov 6, 2008 2:19am
audusd buy @ 0.6782
sl: 0.6752
tp: 0.6842
be @ 0.6802
Attached Image (click to enlarge)
Click to Enlarge Name: chart audusd 06.11..gif Size: 10 KB
  • #951
  • Nov 6, 2008 5:03am Nov 6, 2008 5:03am
Hi Folks:
Looking at the attached chart, could anyone tell me why the alert didn't consider the second breakout at 1.5981 as valid. It put a green check mark on it, but didn't send a alert and if you read it you'll see it says it's still waiting for a breakout. Especially curious about what chellu has to say. Thanks

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: nomoretoxic 110508.gif Size: 13 KB
  • #952
  • Nov 6, 2008 5:16am Nov 6, 2008 5:16am
Hi folks:
Please see previous post about the cable, this is the EUR from the same session. You can see the second breakout and the check mark, but no alert and nothing written on the screen noting a breakout. Any help would be appreciated.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: nomoretoxic 110508 eur.gif Size: 12 KB
  • #953
  • Nov 6, 2008 5:20am Nov 6, 2008 5:20am
Good Morning swakop, did you use nomo box setup? it dose not come close to on my chart, I didn't see an opportunity in London session on aud/usd Anybody can help me pls I just like to get some confirmations on this maybe I'm not understanding at all, if that is the case I like to correct my mistake.

Thank you.

E
Blessed are they who maintain justice, who constantly do what is right.
  • #954
  • Nov 6, 2008 5:24am Nov 6, 2008 5:24am
Quoting bigjim1958
Hi folks:
Please see previous post about the cable, this is the EUR from the same session. You can see the second breakout and the check mark, but no alert and nothing written on the screen noting a breakout. Any help would be appreciated.

Jim

Did you enable EAs on your platform? There should be a button on your MT4 screen near the top middle that says Expert Advisors.....click it and then the smiley face in the upper right corner should smile instead of frown.
  • #955
  • Nov 6, 2008 8:22am Nov 6, 2008 8:22am
Can somebody please comment on my earlier question regarding swakop post.
Thank you for the help in advance.

E
Blessed are they who maintain justice, who constantly do what is right.
  • #956
  • Nov 6, 2008 10:31am Nov 6, 2008 10:31am
Hi Jim,

I have to take a look at the code. I just finished relocating and waiting for my stuff to arrive.

I mostly tested this on IBFX. can you try there in the meanwhile?

Quoting bigjim1958
Hi folks:
Please see previous post about the cable, this is the EUR from the same session. You can see the second breakout and the check mark, but no alert and nothing written on the screen noting a breakout. Any help would be appreciated.

Jim
  • #957
  • Nov 6, 2008 11:13am Nov 6, 2008 11:13am
Hi Cheelu:
Thanks for the quick reply. I will switch to IBFX, I was using Admiral to try to match up with NOMO. The breakout alert icon had either a frown or an x, no smiley face, I assume it should be on x. Thanks for all your generosity.

Jim
  • #958
  • Nov 6, 2008 9:00pm Nov 6, 2008 9:00pm
Quoting evasz
Good Morning swakop, did you use nomo box setup? it dose not come close to on my chart, I didn't see an opportunity in London session on aud/usd Anybody can help me pls I just like to get some confirmations on this maybe I'm not understanding at all, if that is the case I like to correct my mistake.

Thank you.

E
Good morning evasz,

I use the following setup for the London session, I named the box europe session. 5:00 - 6:59 gmt, because it is in Frankfurt one hour later.

Cheers, Steffen
  • #959
  • Nov 7, 2008 10:23am Nov 7, 2008 10:23am
A nice quick trade.
sell usdcad @ 1.1784
Attached Image (click to enlarge)
Click to Enlarge Name: chart usdcad 07.11..gif Size: 11 KB
  • #960
  • Nov 7, 2008 10:29am Nov 7, 2008 10:29am
Hi swakop thank you for your explanation.

I also took the same trade only difference I fix my TP for 20 pips.

Please keep post your trade I like to see them same as RR trades I learn from them.

Thanks.

E
Blessed are they who maintain justice, who constantly do what is right.
0 traders viewing now