GBP/JPY
EUR/JPY
AUD/JPY
CAD/JPY
CHF/JPY
are all in profit right now. I'm trading live with only the first two.
EUR/JPY
AUD/JPY
CAD/JPY
CHF/JPY
are all in profit right now. I'm trading live with only the first two.
Box Breakout indicator 195 replies
Breakout EA based on New York Box 3 replies
4H Weekly Box Breakout [TD] 4 replies
EURUSD Box Breakout 6 replies
Breakout Box 5 replies
Dislikedsiuol,
I agree with a lot you`re saying in that we shouldn`t fiddle around too much with the trade.
however I dont think its wise to not look at your trade for a week and be at the mercy of the market in the meantime.
I`m planning to look at my trade once a day to see how it is performing and tighten my SL when needed to lock in profits, while at the same time giving the trade space to mature.
for the moment I`ve decided to move my SL 2TP behind when price hits the next level.
for me G/J has hit my 1 1/2TP and I will move my SL to 1/2 the...Ignored
DislikedGlad to see that you agree with me. Also, great point on checking the trades once per day. I can respect that and it truly does make sense. I'm not sure what I will do with the break even side of things though. My problem right now is being fearful and exiting trades too early but I can't let that result in me being stupid either. After reading your post, it does make sense to have some sort of plan in place. I'm just now sure what that plan is. What I do like is how we can agree and disagree without it turning into an arguement like most threads...Ignored
DislikedSandy,
I'm just demo-ing, it's going very well. I really like this and so far it's proving very profitable. I"ll probably start trading live after the fourth.
MitchIgnored
DislikedMitch,
It really seems to be a solid system. I'm using the JDSim set-up as a filter. Also if both sides of a trade trigger and fail I think the JDSim method can help re enter in the right direction. That's not a part of Ace's original system though.
SandyIgnored
DislikedOk, I will be brief. This is my first time posting on this thread. Thanks to Ace to sharing the system/strategy. I have been watching and demoing for the past few weeks and have made good pips on my demo account. Obviously, this works. Now, what I don't understand is WHY folks keep posting additions and subtractions to something that works. I don't want to say it, but I will, K.I.S.S. If it aint broke, don't try and fix it. I have read somewhere that this is one of the reasons why most people lose in this business. You just can't take something...Ignored
DislikedI'm actually gonna try this starting next week- opening 2 trades. One with 2x the SL as TP and other with no TP, and close that trade on friday. Let's see how it plays out.Ignored
DislikedThis approach has been tested. Letting the trade run for the entire week and then closing it off has been more profitable as compared to having the targets. I had recently back tested this. Everyone, test and see for yourself before taking this approach.Ignored