4H Box Breakout

Quoting hafizal79

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1H already break out...

4H will coming due to the candle already form above resistance line

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Quoting fxann

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Hi guys,

Yesterday I placed short order at 155.14 at my GFT platform and this morning when I checked, the figure changed to 154,23. I spoken to the live chat, he said it was because of the rollover. Anyone encounter that before?? Is this apply to all brokers?

Thanks

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Quoting pips info

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I will rather to wait for it to confirm because it could be a trape...

2 more hours to go to get the confirmation, I will set an long entry when it is almost time...

for 1 hour chart, we can target for less pips compare to 4hours.... you can catch up some pips but not use it as mid or long term trading trend..

As you can see, it is almost there... to break out...

Good luck..

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Quoting droland

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No No your comments are absolutely fine. That is why I posted. If I can't support my position then they are crap.

Please answer one question for me before I answer in detail. If you had a 150 pip Sunday box and use Aces TP4 concept that would be a 600 pip profit target. If the market hit 550 pips and started a dramatic reversal, would you let the whole 550 pips be lost or would you close somewhere along that retracement to capture al least some of the 550 pip profit. In the original method you could also lose another 150 pips from the SL. Thats...

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Quoting nubchai

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DRoland

You said you move to BE very quickly. Do you move to BE before TP1? I'd considered moving earlier than TP1 but with the way the GJ moves I was sure I'd get stopped out more.

Thanks,
Sandy

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Quoting garfield75

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Absolutely in agreement. Sometimes I do think people get caught-up in following a system to 100% and forget to apply common sense, learning from past experienace of trading and market behaviour at key points.

I love this system, it has given me 32% return on my capital this month
so far in Real money and not demo account. But this week just didn't seem right to enter short.

Cheers
Garfield

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Quoting droland

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Hi Sandy. Yeah. I like about 50 pips then move to BE. I hate lossing money. Entry is the most risky part of the trade. I will still have the ability to re-enter using a new Pending Order but I really want to minimize risk.

Once I am into a 100 pip plus profit, I am more comfortable. Now I can play with my system when I am at the computer or simply let it run based on the original system when I am away.

Dave R.

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Quoting nubchai

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Thanks Dave. I understand wanting to lock in the pips. But if you're stopped out after moving to BE are you monitoring the trade during the night? Or do you set the new pending order in the morning?


Thanks for sharing your method.

Sandy

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Quoting fxann

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Hi guys,

Yesterday I placed short order at 155.14 at my GFT platform and this morning when I checked, the figure changed to 154,23. I spoken to the live chat, he said it was because of the rollover. Anyone encounter that before?? Is this apply to all brokers?

Thanks

Ignored

Quoting droland

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Yeah, thats the problem. I hope for a market move before I go to bed on Sunday and if not I set a larger Trailing stop. I then usually get up a couple of times Sunday night to try to capture the faster BE. I really need an EA but that will come even if I have to have it professionally written for me.

I want to fine tune a bit more before I do that.

dr

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Quoting nubchai

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EAs are a definite help. I was thinking about that last night when the issue of the weekly pivot was brought up. My trade had already triggered. I seriously considered killing it but in the end decided to let it run for a while. With an EA a lot of the emotion and second guessing are removed. And a lot of the great functionality that we have to do manually can be automated.

Sandy

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Quoting kheaver

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I entered my short on gft at 155.34 subsequently moved stop to BE, when I went to bed I was up about 140 pips, this morning I'm -80 and BE hasn't triggered and its showing my short entry as 154.374. I thought what the !

Rollover occurred during the night, they just closed at 154.3800 (+96 pips) & reopened my position.
Although I'm -80 at the moment its still below BE, took awhile to get my head around that one.

Anyway if you trade the Gft forex cfd's they apparently don't have rollover and when you close the trade you don't have to wait for the...

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Quoting Hwd

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Yup, I have used GFT and rollover is F....ing annoying. The money works out when u look at it in detail but it is so hard to keep track of your trades, especially if u make quite a few trades per week. It is a headache and I am planning to switch brokers just because of that.

I just cannot track my trades in a simple manner and furthermore there statements really suck.

However, GFT has VERY VERY good spreads and they DO NOT FLUCTUATE regardless of volatility. That is what i really love about GFT. I have seen other brokers fluctuate spreads...

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Quoting fxann

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Hi Kim,

I am from Singapore, you are only 2hrs earlier than me.
Looks like you are facing the same issue here. Hmmm.....when I live chat with Oanda or IGmarkets (office in Sin), they said they don't have roll over. Do I need to change broker in order to get over this?

Thanks

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Quoting kheaver

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Just use the forex CFD's with GFT.
When you look through symbol explorer, look for the ones with .cfd extension, they have the same prices/spreads but no rollover.
eg GBP/JPY.fx will have rollover
GBP/JPY.cdf no rollover.
they both work exactly the same.

Kim

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Quoting fxann

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Hi Kim,

I am using the GFT's dealbookweb, can i find CFD's there?

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Quoting droland

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Yeah, the EA must also allow me to trigger an immediate close (using a variable like CloseNow True/False) so that the EA can track the position of the close so it can create a new pending entry point if applicable. I can then have a trailing stop close, a close I chose, a BE close and the EA would work out a plan for re-entry if the trend continues.

dr

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Quoting fxann

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Looks like I am not alone. I will understand further from Oanda and IGmarkets (both office in SIN). Let's find a better broker......it's frustrating!

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Quoting fxann

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Haaa...I just checked with the SIN office, they only offered CFD's in commodities. The live chat is trying to show me the maths to calculate the rollover,it's confusing. I will start to look out for new brokers.

Thanks Kim

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