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4H Box Breakout

  • #1,501
  • Aug 3, 2009 10:08pm Aug 3, 2009 10:08pm
Quoting s050399b
Hi Ace284,

From your last post, it seemed that you are using the last 4 hour bar of Sunday? from GMT2000 to GMT0000?

Can you confirm?

Thanks




ETA:
there's a slight difference in the ibfx bars.......i think there's a gmt offset in yours?
mine is GMT

This issue has been address many times in the thread.
  • #1,502
  • Aug 3, 2009 10:12pm Aug 3, 2009 10:12pm
yupe, just noticed it.
  • #1,503
  • Aug 3, 2009 10:29pm Aug 3, 2009 10:29pm
Quoting Ace284
My actual profits are less then that, about 1750 pips because at the start I was using the 2x TP. Currently im using 3x on EUR/JPY and 4x on GBP/JPY.


Hi Ace,

Are you still using these figures?
  • #1,504
  • Aug 3, 2009 11:05pm Aug 3, 2009 11:05pm
Quoting s050399b
Hi Ace,

Are you still using these figures?
Yeah im still using them
  • #1,505
  • Aug 3, 2009 11:13pm Aug 3, 2009 11:13pm
thanks! also noticed that your short side has buffer + spread added? hmmmm,
  • #1,506
  • Aug 4, 2009 12:48am Aug 4, 2009 12:48am
One question, not sure if you have thought of it?

the GBPJPY and EURJPY seemed to move together; as MM is concern, would it mean that you are doubling up the risk?

Or would it be better to do 4% risk on GBPJPY? hmmmm,
  • #1,507
  • Aug 4, 2009 1:41am Aug 4, 2009 1:41am
how can i re-enter the market when all of my position already closed ?
  • #1,508
  • Aug 4, 2009 1:55am Aug 4, 2009 1:55am
Quoting pips info
hi aajduk,

you are not alone, I am doing the same thing but I prefer EJ pair for daily.

Cheers!!
Hi Pips Info and aajduk,

I have beening thinking about going live on daily using this system.
Let's start a new thread for daily trades for this master piece

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #1,509
  • Aug 4, 2009 2:16am Aug 4, 2009 2:16am
Hi Ace,

I have been reading from the 1st post till now, my eyes are pain but worth to do so! I have copied all the useful post on word doc for future reference, hope I have not missed out anything.

Most important,I would like to thank you for this wonderful babe and looking forward to grow my live account gradually.

There are many good people in this thread, thanks all for your posting, I have learned a lot from there.

Cheers!
  • #1,510
  • Aug 4, 2009 2:55am Aug 4, 2009 2:55am
Quoting fxann
Hi Ace,

I have been reading from the 1st post till now, my eyes are pain but worth to do so! I have copied all the useful post on word doc for future reference, hope I have not missed out anything.


do u mind posting the doc file?

thanks,
  • #1,511
  • Aug 4, 2009 3:54am Aug 4, 2009 3:54am
Hello traders !

Please , can you tell me which metrader platform should I download to get the GMT correct .
Alpari server gives first bar between 00H00 and 04H00 GMT and not before and most are doing so ....
Thanks for your help !

Have a great trade !
zaba1
  • #1,512
  • Edited 4:50am Aug 4, 2009 4:49am | Edited 4:50am
dear ace, althougth you prefer 2x box for gbp/jpy. but then sometimes you will close it maybe in 2x or 3x, could you please show how do you do that please? thanks. somemore how to determine the correct atr and according good to long or short? thanks again
  • #1,513
  • Aug 4, 2009 5:10am Aug 4, 2009 5:10am
Quoting garfield75
Hi Pips Info and aajduk,

I have beening thinking about going live on daily using this system.
Let's start a new thread for daily trades for this master piece

Cheers
Garfield

I wish you would start a thread.

Thanks for this system Ace!
  • #1,514
  • Aug 4, 2009 5:22am Aug 4, 2009 5:22am
Quoting aajduk
Hi eikpinng,

Sorry, I may have confused you, have been doing that a lot today.
I do not usually re enter the same trade on the same day, but I will start with another box the next day. For example, my GJ today hit PT1 and not long ago hit PT 2. I only had two lots so that is it for me today. I may enter after a retracement but that is a different system and I do not want to bring that into this thread. Tomorrow, I may well look at the GJ again but for me it is a fresh trade using the 0000 gmt candle to form a new box.
Today has given me around...

Hi you mean you trade on H1 charts daily and not H4 on weekly basis, right ?
  • #1,515
  • Aug 4, 2009 5:28am Aug 4, 2009 5:28am
Originally Posted by garfield75 http://cloud.forexfactory.com/images...s/viewpost.gif
Hi Pips Info and aajduk,

I have beening thinking about going live on daily using this system.
Let's start a new thread for daily trades for this master piece

Cheers
Garfield

As I mentioned in a post, my explanation about trading daily caused some confusion. I still trade this method with 4h time frame but treat each new day as a new trade if not still in a previous trade, so I am not trading a daily time frame. It is aces thread, maybe he will be happy for different time frames to be discussed on this thread provided it does not deviate too far from the core of the method.
So far the beauty of this thread is that there has been discussion on slight variations but the thread has not been destroyed by an influx of indicators and EAs etc that totally change the method.

Regards,

Anthony
  • #1,516
  • Aug 4, 2009 5:41am Aug 4, 2009 5:41am
Quoting aajduk
Originally Posted by garfield75 http://cloud.forexfactory.com/images...s/viewpost.gif
Hi Pips Info and aajduk,

I have beening thinking about going live on daily using this system.
Let's start a new thread for daily trades for this master piece

Cheers
Garfield

[i]As I mentioned in a post, my explanation about trading daily caused some confusion. I still trade this method with 4h time frame but treat each...

Anthony what's your success rate been using the Ace method each new day?

Thanks,
Sandy
  • #1,517
  • Aug 4, 2009 5:54am Aug 4, 2009 5:54am
Quoting garfield75
Hi Pips Info and aajduk,

I have beening thinking about going live on daily using this system.
Let's start a new thread for daily trades for this master piece

Cheers
Garfield
Hi Garfield,

I am still follow Ace system now. For daily strategy, I would targeting 1:1 or 1:1.5 only and it is still under testing to get the right TP and SL.

Cheers!!
  • #1,518
  • Aug 4, 2009 6:10am Aug 4, 2009 6:10am
Quoting Ace284
Just woke up to see the good news. Good start to a birthday.
Stop loss is at BE so its free ride from here on.

I see a lot of people with different ways of managing their positions. Hey, if your way is better than my way then kudos to you. Just remember that your variation has to last on a long term basis. A few weeks don't determine anything. Feel free to share your results, and by that I don't mean saying you exited right at the top of the peak just because you felt it in your bones. Something reasonable with good solid foundation...
Very good week. I exited short of but close to TP2 for 198 pips. I closed the trade b/ indicators on the 4 hour were signaling a short trend starting. Rather than waiting to see if it was a retracement or a reversal I closed.

Sandy
  • #1,519
  • Aug 4, 2009 7:19am Aug 4, 2009 7:19am
This is my result for last 2 weeks of live trading. 27th July to 4th Aug.

G/J - 720 pips
G/U - 72 pips
Cad/J - 253 pips
E/J - 250 pips
A/Y - 173 pips

Total of 1468 pips in 2 weeks. I haven't come accross any other system which comes close to this.

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #1,520
  • Aug 4, 2009 7:43am Aug 4, 2009 7:43am
Hi Garfield,

I am in Australia also, i am over in the West In Perth. How about you?

I am trying to make my way through this thread but have seen your results for the last few weeks posted, are you able to PM me with a run done hof how you trade this set up?

Thanks
Ian


Quoting garfield75
Hi Razor,

Good to see an aussie here. I am from sydney. where are u located ?

Cheers
Garfield
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