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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

  • #601
  • Aug 4, 2009 3:06am Aug 4, 2009 3:06am
I chose it because the box range is smaller 40 instead of the 80 from 5-7GMT and there is good movement before market open as you saw today, but when it hit 8 yeah it did go down but I could of made 25 my way.

But I guess every1 trades in there own way
  • #602
  • Aug 4, 2009 3:12am Aug 4, 2009 3:12am
Yes and cable is at a potential reversal point today so trading could be a bit dodgy at 1.7.
Gone to a better place
  • #603
  • Aug 4, 2009 3:27am Aug 4, 2009 3:27am
I really want to hear about your settings. We can improve this strategy all together this is the target of this thread and this forum..[/quote]

quote is from post 41 of this thread from the tasciy the thread starter...

so we have....
  • #604
  • Aug 4, 2009 3:34am Aug 4, 2009 3:34am
I should have read the warning in this quote from the thread starter:

"yes, i tested 4:00-7:30 but in real account i use 4:00-7:00 or 4:00-8:00 or whenever i wake up. and i also use other pairs not only g/u. i will post results of other pairs"



Sorry guys it's me who should start a new thread. The thread starter went off topic himself.

Bye...
Gone to a better place
  • #605
  • Aug 4, 2009 3:37am Aug 4, 2009 3:37am
Quoting gyfu
I am not sure if there are some that share the same fate with me today, but I got one lost on the GU breakout just now going long.

Life goes on..
You are supposed to include the final M30 bar (i.e. 0700-0730) as part of your box!

Today is a short signal from 169255 no? Triggered from GMT 0735.

SL would be 170055.

Here is is on M1, correct me if I'm wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot21.png Size: 13 KB
  • #606
  • Aug 4, 2009 3:41am Aug 4, 2009 3:41am
Actually wouldn't it still be short even if you only took from 0700? Correct me if I'm wrong?

There was NO long signal today as per original system? Unless you are taking the breakout box 0300-0600 instead of 0400-0700....
  • #607
  • Aug 4, 2009 3:56am Aug 4, 2009 3:56am
sinner

i follow fed 3-5am gmt with a couple of tweaks...

1. use 90 ema for direction.
2. if ema is in top of yellow box and above SL lines go short, if in between SL lines set 2 orders and if in bottom of box and below SL lines go long.

these are based on using Jasons indicator.....

cheers
  • #608
  • Aug 4, 2009 4:13am Aug 4, 2009 4:13am
Guys,

I didn't go long on the cable today due to the pinbar on the 4H TF. So, I'm waiting for the RSI to cross L50 down on the 1H, then I'll enter short and will never go long unless the high of the PB is broken.

Today is a good example of a potential reversal that's if it happens.

Ciao
Sniffing Snake's Tracks...
  • #609
  • Aug 4, 2009 4:24am Aug 4, 2009 4:24am
Quoting FX.Sniffer
Guys,

I didn't go long on the cable today due to the pinbar on the 4H TF. So, I'm waiting for the RSI to cross L50 down on the 1H, then I'll enter short and will never go long unless the high of the PB is broken.

Today is a good example of a potential reversal that's if it happens.

Ciao
What is the meaning of "pinbar on the 4H" thank you~
  • #610
  • Aug 4, 2009 4:30am Aug 4, 2009 4:30am
Quoting wltam
Thank you

I would like to ask what is the time range for the GMT breakout?
I am using 4 - 7 GMT but I am not following anything that is discuss here because I have back test those method discussed but none perform better than the one i had. Got some really nice idea from this thread and develop a method to trade 4 - 7 GMT. I am trading live since a few weeks ago because my back test looks good enough for me. It's producing positive pips every month [starting Jan 2009] even on April[April produce the least profit but no lost].
  • #611
  • Aug 4, 2009 4:39am Aug 4, 2009 4:39am
Quoting forexisfx
I am using 4 - 7 GMT but I am not following anything that is discuss here because I have back test those method discussed but none perform better than the one i had. Got some really nice idea from this thread and develop a method to trade 4 - 7 GMT. I am trading live since a few weeks ago because my back test looks good enough for me. It's producing positive pips every month [starting Jan 2009] even on April[April produce the least profit but no lost].
so, will you mind sharing your method here?
meine augen sind die sterne
  • #612
  • Aug 4, 2009 4:52am Aug 4, 2009 4:52am
Quoting wltam
What is the meaning of "pinbar on the 4H" thank you~
You need to study price action. Pin Bar= Hammer candle or Hanging man candle.

I recommend James16 thread if you need to learn about PA or at least google the candlestick patterns.

See the attached chart.
Attached Image
Sniffing Snake's Tracks...
  • #613
  • Aug 4, 2009 8:19am Aug 4, 2009 8:19am
Some time ego I did back test on g/u with Fed's strategy and results were good in spite of some month like October and November 2008. Now I back to this "not profitable" months and did back test again but with Jason's 90 EMA method and result was the same :/ Could u look at this especially on this days (1.Oct, 3.Oct, 9.Oct, 16.Oct, 17.Oct, 22.Oct, 23.Oct, 3.Nov, 12.Nov, 14.Nov, 17.Nov) What do u think?
  • #614
  • Aug 4, 2009 8:49am Aug 4, 2009 8:49am
Quoting olie02
Some time ego I did back test on g/u with Fed's strategy and results were good in spite of some month like October and November 2008. Now I back to this "not profitable" months and did back test again but with Jason's 90 EMA method and result was the same :/ Could u look at this especially on this days (1.Oct, 3.Oct, 9.Oct, 16.Oct, 17.Oct, 22.Oct, 23.Oct, 3.Nov, 12.Nov, 14.Nov, 17.Nov) What do u think?
Who's Jason?? if you're pointing at my 90EMA method then I don't see any problem with the above mentioned dates except for Oct 22nd where the SL was hit, and on Nov 17th RSI would've helped you make the right decision.

P.S. Anyone noticed the cable's divergence on the Daily TF ?

Cheers,
Sniffing Snake's Tracks...
  • #615
  • Aug 4, 2009 9:03am Aug 4, 2009 9:03am
Quoting FX.Sniffer
Who's Jason?? if you're pointing at my 90EMA method then I don't see any problem with the above mentioned dates except for Oct 22nd where the SL was hit, and on Nov 17th RSI would've helped you make the right decision.

P.S. Anyone noticed the cable's divergence on the Daily TF ?

Cheers,
Sorry FX.Sniffer I mean your method (90EMA) My fault. Could you show any example with the above mentioned dates?
  • #616
  • Aug 4, 2009 9:34am Aug 4, 2009 9:34am
Quoting olie02
Sorry FX.Sniffer I mean your method (90EMA) My fault. Could you show any example with the above mentioned dates?
No worries my friend. See the two attached charts.

Entries are marked with the golden dotted vertical lines & it's 1H cable chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8-4-2009 5-22-49 PM.png Size: 35 KB
Click to Enlarge Name: 8-4-2009 5-26-23 PM.png Size: 21 KB
Sniffing Snake's Tracks...
  • #617
  • Aug 4, 2009 9:35am Aug 4, 2009 9:35am
hi all, bad start for the week and for the month. I got up to 27 pips with g/u and the price went down like a rocket and hit my SL, this is forex for you. There will be some looser weeks as well. Hopefuly we will not have a bad month. Techinically if I followed not Jason's but FX.Sniffer's advise with the EMA, I could of made some pips, learning everyday.
  • #618
  • Aug 4, 2009 9:53am Aug 4, 2009 9:53am
hmmm
Attached Image (click to enlarge)
Click to Enlarge Name: 8-4-2009 5-41-24 PM.png Size: 44 KB
Sniffing Snake's Tracks...
  • #619
  • Aug 4, 2009 9:59am Aug 4, 2009 9:59am
Quoting FX.Sniffer
hmmm
ok thanks, case 2 makes more sence now.

Do you also use some buffer pips?

There was a confusion with the name, sorry
  • #620
  • Aug 4, 2009 10:13am Aug 4, 2009 10:13am
Quoting fed
ok thanks, case 2 makes more sence now.

Do you also use some buffer pips?
Hi fed, I don't care about it but 1-3 pips would be fine. As you see I take in consideration other analysis like PA, etc.

A comment about the cable now; the candle already closed & the RSI touched level 50 but didn't cross it. So I got out with 20pips, and will enter again if the RSI cross down but this time I'll wait for the candle to confirm.

Cheers,
Sniffing Snake's Tracks...
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