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

  • #661
  • Aug 5, 2009 7:59am Aug 5, 2009 7:59am
just to let yall know - whoever wrote the breakout_panca_eagle indi it isn't working exactly right. if you input period begin 23:00 and end at 2:00 the box is drawn from 2 to 23 not 23 to 2 and it doesn't matter what the times are if you put in any time before 23 for open box and end any time after 00 the indi draws the box backwards
  • #662
  • Aug 5, 2009 8:24am Aug 5, 2009 8:24am
What about it?

This is for my system 0-4

This is not for 23-2 ...


GE.



Quoting jtmoore007
just to let yall know - whoever wrote the breakout_panca_eagle indi it isn't working exactly right. if you input period begin 23:00 and end at 2:00 the box is drawn from 2 to 23 not 23 to 2 and it doesn't matter what the times are if you put in any time before 23 for open box and end any time after 00 the indi draws the box backwards
Some pursue happiness, others create it.
  • #663
  • Aug 5, 2009 9:25am Aug 5, 2009 9:25am
goodmorning to all. damn I should of hold on to the 2nd entries, could of made the loss easily. This is what the problem with me, if I was able to stay with it and kind of watch the price, I could of never closed it, but I must go to bed so I can wake up for work the next day.
  • #664
  • Aug 5, 2009 9:31am Aug 5, 2009 9:31am
Quoting genius75
What about it?

This is for my system 0-4

This is not for 23-2 ...


GE.

i know. i just thought that if someone wanted to use it to try other times then it won't work exactly like they want.

my bad. didn't mean to offend. just thought your indicator should work properly thats all
  • #665
  • Aug 5, 2009 9:40am Aug 5, 2009 9:40am
Quoting FX.Sniffer
Well Guys, the method is working so fine with the EMA. I should've traded what I see instead of what I believe the GU bars I mentioned yesterday didn't workout, this makes the Box breakout + EMA more powerful than the bars! However, I still see a bearish divergence on the daily but that's a large TF so it might take some time before it reverse down.

[color=royalblue]OK guys before I stop posting & invading this thread with my expectations, I've already showed you how to avoid the false breakouts...
Hey bud, thanks for your help, but again you are welcome back
  • #666
  • Aug 5, 2009 10:20am Aug 5, 2009 10:20am
Quoting wltam
i use 4-7GMT with 90EMA
i only place BUY order which is triggered with TP 30 pips
Sounds better strategy, but how do you TP 30 pips even before place BUY order?
Simple is powerful all the time.
  • #667
  • Aug 5, 2009 12:23pm Aug 5, 2009 12:23pm
Oh. Sorry about it. No problem.

GE.

Quoting jtmoore007
i know. i just thought that if someone wanted to use it to try other times then it won't work exactly like they want.

my bad. didn't mean to offend. just thought your indicator should work properly thats all
Some pursue happiness, others create it.
  • #668
  • Aug 5, 2009 1:36pm Aug 5, 2009 1:36pm
just when am about to go live the system hits a losing run mybe just lucky i never went live this week and hopefully we get back to winning ways
"The person who knows that enough is enough, will always have enough". .
  • #669
  • Aug 5, 2009 3:34pm Aug 5, 2009 3:34pm
had any of you notice? for 2-5 GMT box on 15M, if the price had been slowly and steadily declining/climbing within the box for the past 3 hours, it's more likely for the nearest order to be triggered, then race to the opposite side to hit SL when euro/london opens. i might be wrong but the box seems to work well only when the price is just ranging aimlessly within it.
  • #670
  • Aug 5, 2009 8:27pm Aug 5, 2009 8:27pm
Quoting RiverTrader
Sounds better strategy, but how do you TP 30 pips even before place BUY order?
I think my English is bad

I mean ....i out for TP30 pips~
sorry~
  • #671
  • Aug 6, 2009 12:38am Aug 6, 2009 12:38am
Fed,
Any advise if we should put in the orders for today?
  • #672
  • Aug 6, 2009 12:40am Aug 6, 2009 12:40am
Hello,

No need to leave. I like many others enjoy what you have shared with everyone.

Regards,
Jeff

Quoting FX.Sniffer
Well Guys, the method is working so fine with the EMA. I should've traded what I see instead of what I believe the GU bars I mentioned yesterday didn't workout, this makes the Box breakout + EMA more powerful than the bars! However, I still see a bearish divergence on the daily but that's a large TF so it might take some time before it reverse down.

[color=royalblue]OK guys before I stop posting & invading this thread with my expectations, I've already showed you how to avoid the false breakouts...
  • #673
  • Aug 6, 2009 12:47am Aug 6, 2009 12:47am
well what I will do is I will put sell and buy orders because the MA line is crossing right from the mid of the box, could go any direction but the price crossed above MA and the 4H chart is bullish. we will see.
  • #674
  • Aug 6, 2009 12:51am Aug 6, 2009 12:51am
Quoting genius75
I am using 30 minutes TF.

I would open a new chart without any indicators and apply that template.

But check my pictures ..

GE.
genius,

Thanks a lot. Mide also to share what application you use to take screen shot? Image files looks very nice.
Simple is powerful all the time.
  • #675
  • Aug 6, 2009 12:56am Aug 6, 2009 12:56am
Quoting fed
well what I will do is I will put sell and buy orders because the MA line is crossing right from the mid of the box, could go any direction but the price crossed above MA and the 4H chart is bullish. we will see.
i place BUY order only in view of EMA 90
  • #676
  • Aug 6, 2009 1:48am Aug 6, 2009 1:48am
I am SO for today.

GE.
Some pursue happiness, others create it.
  • #677
  • Aug 6, 2009 6:22am Aug 6, 2009 6:22am
goodmorning all, great day for both pairs

ok so again I tryed 1-3 buffer zone but forget about that guys, the 7pips for short and 7+ spread buffer zone is a must. The only thing changed for me is that if the SMA 50 is right at the middle of the box then I have 2 pendings for both sides because the price could go either way, or even you might have both sides entries.

I am still on the 2nd entry for g/j which went both sides today. So I got 35 pips when it went north and now another 35 pips and waiting for the 2nd entry. g/u was only south with both entries closed. Things started to happen again after few loosing days.
  • #678
  • Aug 6, 2009 6:37am Aug 6, 2009 6:37am
I closed my second order for some profit befor it breaks even for g/j, it will retrace commen sence.
  • #679
  • Aug 6, 2009 7:05am Aug 6, 2009 7:05am
Im glad your back to your buffer because it is very useful on days like the last couple.

I was thinking that if the 90MA was showing a strong trend then there would be no need for a big buffer (so you could use 1 or 2), but if like the previous days when the 90MA is flat or a small slope then a larger buffer of 7 would be a good idea.

I can't go far back on my charts to look see if that is a good idea or not. But generally thinking about it i think it would be a good idea.
  • #680
  • Aug 6, 2009 7:13am Aug 6, 2009 7:13am
wow , i cannot believe my limit order got fill without slippage for interest rate. My order is like fill and TP at the exact same time. i wonder if my broker will remove my profit for trading the news [should have be at the computer for the news and trail stop my profit]

I doubt so since they are regulated broker.
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