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

  • #801
  • Aug 12, 2009 11:14am Aug 12, 2009 11:14am
FED ... check you email please


GE.

Quoting fed
awsome, I will look at it as soon as I get back from work. I hate work. can't wait to see some results.
Some pursue happiness, others create it.
  • #802
  • Aug 12, 2009 11:30am Aug 12, 2009 11:30am
I m following 7-9 NY breakout.recently found this as profitable as NY,so I decided to give it a try.& got some nice pips.& Learned some unforgettable lessons.
some lessons I learned..
never risk more than 100 pips.
always follow the trend( I never goes up if the recent trend is down)I only put 1 pending order according to the trend.--remember trend is your friend..
always stick with the rules. lol
& Fed,genius and all u guys doing a gr8 job..keep it up..
  • #803
  • Aug 12, 2009 1:33pm Aug 12, 2009 1:33pm
Quoting shaun_ru_th
I m following 7-9 NY breakout.recently found this as profitable as NY,so I decided to give it a try.& got some nice pips.& Learned some unforgettable lessons.
some lessons I learned..
never risk more than 100 pips.
always follow the trend( I never goes up if the recent trend is down)I only put 1 pending order according to the trend.--remember trend is your friend..
always stick with the rules. lol
& Fed,genius and all u guys doing a gr8 job..keep it up..

thanks, I would love to trade the breakout in NY time, which pairs do you use?
  • #804
  • Aug 12, 2009 5:03pm Aug 12, 2009 5:03pm
Hi Fed What is this ib/ob? It seems interesting.
  • #805
  • Edited 5:53pm Aug 12, 2009 5:30pm | Edited 5:53pm
Quoting olie02
Hi Fed What is this ib/ob? It seems interesting.
hi Olie, check this thread the very first post at the end it will give you an example http://www.forexfactory.com/t/86766/...ntinues-1.html

I learned ib/ob with James from babypips.com forum. It can be very effective, I think it means inside and outside of the bar. but check the link it has screenshots as well.
  • #806
  • Aug 12, 2009 5:39pm Aug 12, 2009 5:39pm
Trading IBs is a very good system..... and combined with these breakouts can be very lucrative.
Good luck on your trading journey.
Same Whore .... Different Dress
  • #807
  • Aug 12, 2009 6:14pm Aug 12, 2009 6:14pm
I will check up this one thanks
  • #808
  • Aug 12, 2009 9:44pm Aug 12, 2009 9:44pm
Quoting fed
thanks, I would love to trade the breakout in NY time, which pairs do you use?
I trade all usd pairs.remember always follow the trend.trend is ur friend.always keep an eye on main support resistance levels.
  • #809
  • Aug 12, 2009 11:59pm Aug 12, 2009 11:59pm
so the trend isnt clear in the 15 mins chart, so that mean orders on both sides?
  • #810
  • Aug 13, 2009 12:07am Aug 13, 2009 12:07am
lookin at it again, the 90 and 200 just at the bottom. So have buy orders today.
  • #811
  • Aug 13, 2009 12:09am Aug 13, 2009 12:09am
Quoting wawarulez
so the trend isnt clear in the 15 mins chart, so that mean orders on both sides?
i think i take sell order as it above the box in 1H timefame
  • #812
  • Aug 13, 2009 12:28am Aug 13, 2009 12:28am
wltam is right, the 1hr chart shows the MAs are on the top so in this case I will only go for short for both pairs, hope we all have another fantastic night.
  • #813
  • Aug 13, 2009 12:31am Aug 13, 2009 12:31am
carefull for tonights breakout it could be a fake one tonight for both sides, but again because of the MAs are on the top of the price in the 1hr chart, this could be bears night again, when ever the MAs are in the mid it always a tricky one.
  • #814
  • Aug 13, 2009 12:41am Aug 13, 2009 12:41am
My version. Based on original post. But**

3% risk per trade
Sl 100
tp1 50
tp2 100

with some interesting MM in there

Just thought yall might want to try this method. don't worry about my MM part just try with sl and tp as i have.

If trade hasn't triggered by 10gmt close trade if open trade hasn't hit tp of sl by 18 close trade. Only trade once per day
Attached Image (click to enlarge)
Click to Enlarge Name: GU Breakout Backtest.png Size: 21 KB
  • #815
  • Aug 13, 2009 12:49am Aug 13, 2009 12:49am
Quoting jtmoore007
My version. Based on original post. But**

3% risk per trade
Sl 100
tp1 50
tp2 100

with some interesting MM in there

Just thought yall might want to try this method. don't worry about my MM part just try with sl and tp as i have.

If trade hasn't triggered by 10gmt close trade if open trade hasn't hit tp of sl by 18 close trade. Only trade once per day
I agree, I raised my tp1 to 45-55, works great to get maximum profit.
  • #816
  • Aug 13, 2009 1:04am Aug 13, 2009 1:04am
Just closed with a profit to the north.

I think you guys taking the 1HR MAs when your unsure about the 15M probably isnt the best idea, you've just got to go for it, because the MAs were along the bottom, but hey thats what I do and we all know every1 trades differently.

Hope you guys get ur trades, im off bak to bed! woohoo!!
  • #817
  • Aug 13, 2009 3:09am Aug 13, 2009 3:09am
The GBPJPY traded well today based on fed's strategy. Both TP1 and TP2 were hit before 8am GMT
  • #818
  • Aug 13, 2009 5:59am Aug 13, 2009 5:59am
Quoting jtmoore007
My version. Based on original post. But**

3% risk per trade
Sl 100
tp1 50
tp2 100

with some interesting MM in there

Just thought yall might want to try this method. don't worry about my MM part just try with sl and tp as i have.

If trade hasn't triggered by 10gmt close trade if open trade hasn't hit tp of sl by 18 close trade. Only trade once per day
Hi jtmoore,

Well i'm afraid you did got me interested with youre statement about youre MM.

Do you want to share youre MM with us? or give us a hint?
I think using the proper MM is what makes or breaks a system.

regards
Persistence will get it. Consistency will keep it.
  • #819
  • Aug 13, 2009 7:39am Aug 13, 2009 7:39am
Quoting fed
so enties with 1 hour and exits with 15 mins. and use g/j, g/u and e/j, which has the most movements but g/j is the master for this.
is this strategy suitable and profitable for both g/j and e/j also? if so, what is the suitable daily range to trade them...
and if there is anything special you need to do to be profitable trading these currency pairs.....
do you use you the 0400-0700 box to trade these currencies?
  • #820
  • Aug 13, 2009 7:55am Aug 13, 2009 7:55am
Quoting nullfx
is this strategy suitable and profitable for both g/j and e/j also? if so, what is the suitable daily range to trade them...
and if there is anything special you need to do to be profitable trading these currency pairs.....
do you use you the 0400-0700 box to trade these currencies?
i trade gu ej and gj with this strat but different box for ej and gj

same tp and sl just different box
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