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4H Box Breakout

  • #861
  • Jul 12, 2009 9:21pm Jul 12, 2009 9:21pm
my GJ sell stop taken at 149.29...

let see how this week's result.
  • #862
  • Jul 12, 2009 9:22pm Jul 12, 2009 9:22pm
Quoting K7420
My GJ short treggered at 149.43 lets see how it goes.

it trigger mine too. tis is my 1st trade using this system. i hope is not my last!!
trade safe
  • #863
  • Jul 12, 2009 9:22pm Jul 12, 2009 9:22pm
Yup. According to Aces TF the short was just placed.

Edit...I should have specified the pair... the G/J just went short. looks like the E/J is still thinking.
  • #864
  • Jul 12, 2009 9:29pm Jul 12, 2009 9:29pm
My GJ last 4h candle was clsed @ 149.53

my sell stop@ 149.40

TP1=110PIPS TP2=220PIPS TP3=330PIPS
  • #865
  • Jul 12, 2009 9:37pm Jul 12, 2009 9:37pm
Quoting chemfly
My GJ last 4h candle was clsed @ 149.53

my sell stop@ 149.40

TP1=110PIPS TP2=220PIPS TP3=330PIPS
I'm showing a close of the 1st H4 candle at 150.62. Did you mean the low? I think you did.
  • #866
  • Jul 12, 2009 9:37pm Jul 12, 2009 9:37pm
Ron, where is the newest EA? I looked through the thread and could not find your EA for this system.

Quoting Ronald Raygun
Set eachtickmode to false.
Gator - Trader Learning and Earning
  • #867
  • Jul 12, 2009 9:39pm Jul 12, 2009 9:39pm
Quoting markfx
I'm showing a close of the 1st H4 candle at 150.62. Did you mean the low? I think you did.
YEP
the TOP=150.66
the bottom=149.53
  • #868
  • Jul 12, 2009 9:41pm Jul 12, 2009 9:41pm
Quoting gator-trader
Ron, where is the newest EA? I looked through the thread and could not find your EA for this system.

Go here: http://www.forexfactory.com/showpost...&postcount=182
  • #869
  • Jul 12, 2009 9:42pm Jul 12, 2009 9:42pm
Quoting markfx
I'm showing a close of the 1st H4 candle at 150.62. Did you mean the low? I think you did.
ya tats wad he meant.

my sellstop trigger for Gbp/Jpy is 149.32

Show me the money~
trade safe
  • #870
  • Jul 12, 2009 9:59pm Jul 12, 2009 9:59pm
start profit....
  • #871
  • Jul 12, 2009 10:47pm Jul 12, 2009 10:47pm
Posting pretty late, 2 and a half hours late actually but have been pretty busy for a while now.

I've been noticing a pretty interesting pattern on my charts. Very simple, as easy to use as this system. Looks very promising and quite profitable. Looking at basic charts and patterns with very simple indications, is my specialty. With forex, simplicity is key.

I've tested the system on daily charts, looks great. Moving to 4Hr and 1Hr to see how it works. I'm going to have some time off from near the end of July to the end of August which is why my forex creativity seems to be flowing back. Anyway, we'll see
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  • #872
  • Jul 12, 2009 11:10pm Jul 12, 2009 11:10pm
Quoting Ace284
Posting pretty late, 2 and a half hours late actually but have been pretty busy for a while now.

I've been noticing a pretty interesting pattern on my charts. Very simple, as easy to use as this system. Looks very promising and quite profitable. Looking at basic charts and patterns with very simple indications, is my specialty. With forex, simplicity is key.

I've tested the system on daily charts, looks great. Moving to 4Hr and 1Hr to see how it works. I'm going to have some time off from near the end of July to the end of August which is why...

hav to thank u for ur generousity in sharing ur system wif us. in return i rate a 5* for ur thread man. keep it up
trade safe
  • #873
  • Jul 12, 2009 11:23pm Jul 12, 2009 11:23pm
I'm puzzled by this
When todays candle finished forming (for me it's the 2100:0100 GMT candle) my GBP/JPY chart, set to 4H, gave me a range of just 28 pips. (My broker is GFT)
The high was 149.82 and the low was 149.54. Adding the buffer and spread (6 pips in my case) to the north side, I get a long entry price of 150.08. The low was 149.54, so subtract 20 (don't use the spread for shorts) and I get a short entry of 149.34.
The range is now 74 pips. My TP's north and south to a max. of TP4 are set at multiples of 68 pips as I don't use the spread when calculating TP's.
So far I think the above is pretty much standard.
Why though, is there a discrepancy between my first candle range and those I see posted on this thread? I understand there is frequently a few pips difference between brokers, but look at Ace's opening candle (thread #871) and wonderful's e/j (thread #853). My e/j incidentally was (H) 129.20 and (L) 128.82 giving a 38 pip range.
Am I doing something horribly wrong??
  • #874
  • Jul 12, 2009 11:25pm Jul 12, 2009 11:25pm
Quoting gator-trader
Ron, where is the newest EA? I looked through the thread and could not find your EA for this system.

The EA hasn't changed since this system was first introduced...
  • #875
  • Jul 12, 2009 11:29pm Jul 12, 2009 11:29pm
Quoting tarquin1
I'm puzzled by this
When todays candle finished forming (for me it's the 2100:0100 GMT candle) my GBP/JPY chart,.............
......Am I doing something horribly wrong??
Tarquin, I trade this (live acct) for quiet sometimes.. It's hard to understand if I explain to you about changing GMT to blah.. blah.. blah... Time Zone.. blah.. blah.. blah..

So, the best one (I did the same thing) is, download FXDD demo MT4 (as per 'Tanyasiapa' suggestion) use it for charting and.. with that number, apply it on your broker. After sometimes, you will know which is the correct time to trade and in my case (using tadawulfx) correct CS to use.

Try it.. its worth it!
  • #876
  • Jul 12, 2009 11:36pm Jul 12, 2009 11:36pm
And EJ was @ 128.72
  • #877
  • Jul 12, 2009 11:38pm Jul 12, 2009 11:38pm
Quoting zz_zhang
hav to thank u for ur generousity in sharing ur system wif us. in return i rate a 5* for ur thread man. keep it up
Appreciate it man
  • #878
  • Jul 13, 2009 12:47am Jul 13, 2009 12:47am
So, the best one (I did the same thing) is, download FXDD demo MT4 (as per 'Tanyasiapa' suggestion) use it for charting and.. with that number, apply it on your broker. After sometimes, you will know which is the correct time to trade and in my case (using tadawulfx) correct CS to use.

Try it.. its worth it! [/quote]

Thanks for your help kepalalutut.
Will FXDD let me keep the free demo chart indefinately?
I'm not too conversant with MT4, but will be happy to give it a go. I lost long and short on p/y and long (so far) on e/y today. Because of the small GFT range I reckon.
  • #879
  • Jul 13, 2009 2:01am Jul 13, 2009 2:01am
So I woke up this morning to find the strat had entered at 149.53 and it just took it's first partial at 148.13. 90 pip trailing stop is at 148.88 (which is too close really : only 50 pips or so from current price).

I'll document this trade, then stop posting them because whilst it's been an interesting exercise which partially confirms the robustness of the very simple thread method, I think it's further from it than I originally intended.
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  • #880
  • Jul 13, 2009 4:40am Jul 13, 2009 4:40am
Quoting Ace284
Appreciate it man
tp1 hit @147.66 166 pips

Thank ya once again~
trade safe
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