Hey Ozzie:
What I did to fix that problem was to open two charts of the same pair, put the london box on one and the N.Y. box on the other, just toggle between the two. Hope that helps.
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Joined Jul 2008
|114 Posts
Nomo
Greatest thread ever !!
Nice, simple and disciplined.
I am demoing this out and just wanted to confirm a few things:
- I am in the UK using Alpari.uk broker which is GMT+1. Does my morning box begin from 7-8:59 (local time)
- How do you determine the TP (and hence the SL) to get a risk reward ? Or do you say the SL is x pips therefore i will TP at the same level to get 1:1 rr
e - 15159
sl - 15134 (-25)
tp - 15109
c - 15134 (25)
Good "trading" day for me today (+50 pips on 2 trades). Missed other opportunities but stuck to my rules. The London trade was good for another 35 pips and the NY trade eventually hit my original tp.
Hey Ozzie:
What I did to fix that problem was to open two charts of the same pair, put the london box on one and the N.Y. box on the other, just toggle between the two. Hope that helps.
Jim
Ignored
Thanks Jim..that seems like the best solution.
Another issue I am having is if I draw any objects on my chart like trend lines, they disappear when I change time frames and go back to my 5 minute chart. Any one else had that problem with the Boxbreakout indicator?
Another issue I am having is if I draw any objects on my chart like trend lines, they disappear when I change time frames and go back to my 5 minute chart. Any one else had that problem with the Boxbreakout indicator?
e - 15159
sl - 15134 (-25)
tp - 15109
c - 15134 (25)
Good "trading" day for me today (+50 pips on 2 trades). Missed other opportunities but stuck to my rules. The London trade was good for another 35 pips and the NY trade eventually hit my original tp.
Good trading to everyone!
RR -
Ignored
Hi RR..
You seem to be one of the most consistent and profitable traders using this methodology. Have you changed/adjusted the times of your boxes since the time changes in October? If so, what times are you using now?
For the direction of the breakout do you trade only in the direction of the daily trend or do you just trade the breakout no matter what direction it is as long as it's a valid breakout?
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Joined Mar 2008
|255 Posts
hi swakop
when i look at your last trade i think i m missing something , so it would be great if you can explain it to me .
i see that you consider the breakout at the green line and not at the breaking of the box limit and you place your entry so high above on the green line .
why not immediatly after the pullback candle .
thanks
hi swakop
when i look at your last trade i think i m missing something , so it would be great if you can explain it to me .
i see that you consider the breakout at the green line and not at the breaking of the box limit and you place your entry so high above on the green line .
why not immediatly after the pullback candle .
thanks
Ignored
Hi imad,
I've set the "BoxBreakOut offset" on 3 pips. That was a long trade and I added once again 3 pips for the spread.
Hi Folks:
Question for Nomo, or anyone who wants to answer. I'm on EST, and the London Box is from 1:00-3:00 A.M., the NY box starts at 7:00 A.M. EST. Do you let the london box overlap past 7:00, or do you figure that if there is no trade signalled by the London box by 7:00, start over with the NY box. Hope this question makes sense, thanks again to everyone, I'm actually having a great month because of all the people here, thanks.
