4H Box Breakout | Page 101 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Box Breakout indicator 197 replies

Breakout EA based on New York Box 3 replies

4H Weekly Box Breakout [TD] 4 replies

EURUSD Box Breakout 6 replies

Breakout Box 5 replies

Attachments: 4H Box Breakout
Exit Attachments

4H Box Breakout

  • #2,001
  • Aug 18, 2009 8:32am Aug 18, 2009 8:32am
I wish this system would work for more pairs. I am actually looking for some kind of mechanic longer term system to trade. Fed up of stressful scalping.
  • #2,002
  • Aug 18, 2009 8:36am Aug 18, 2009 8:36am
Quoting shiko
I wish this system would work for more pairs. I am actually looking for some kind of mechanic longer term system to trade. Fed up of stressful scalping.
I am fully concentrate in GBPJPY and will study EURJPY. The most important thing is Money Management. Trading too many pairs are stressful too. It's good to focus one or two.
  • #2,003
  • Aug 18, 2009 8:43am Aug 18, 2009 8:43am
Quoting fxann
I am fully concentrate in GBPJPY and will study EURJPY. The most important thing is Money Management. Trading too many pairs are stressful too. It's good to focus one or two.

You know , you are right!
At different times I traded only 1 pair per time and got really good feel about it. I have been trading E/U, G/U and E/J for few months. G/J is very good for this system.
I am trying this system and if everything is ok, I will concentrate only on these 2 pairs and this system. But I think i tis good to have back up system for different market conditions.
  • #2,004
  • Aug 18, 2009 9:00am Aug 18, 2009 9:00am
Hehe, got stuck in the middle. Now it is interesting where are we going from here.
  • #2,005
  • Aug 18, 2009 9:11am Aug 18, 2009 9:11am
shiko, did you just got stop loss on long G/J ? I think first you need to identify the trend, then put bias on the trade. For example, if you identify the trend is down like G/J now, you will not take long trade and only doing short instead.
  • #2,006
  • Aug 18, 2009 9:16am Aug 18, 2009 9:16am
Got stopped out for 73 pips and 60 pips on sells for GBPJPY and EURJPY, respectively (133 pips total). Price touched my long entry, didn't go a pip past it, and retraced, hitting my stop
  • #2,007
  • Aug 18, 2009 9:17am Aug 18, 2009 9:17am
I re entered long at 155.63. Already almost at +100 pips. At BE and will use the original TP levels.
  • #2,008
  • Aug 18, 2009 9:24am Aug 18, 2009 9:24am
are you sure? it does not consider to be broken yet.
  • #2,009
  • Aug 18, 2009 9:27am Aug 18, 2009 9:27am
Quoting lkthomas
are you sure? it does not consider to be broken yet.
Not sure if this is directed at me. Sure of what?
  • #2,010
  • Aug 18, 2009 9:30am Aug 18, 2009 9:30am
I mean, why would you long?! it is yet to be broken!
  • #2,011
  • Aug 18, 2009 9:32am Aug 18, 2009 9:32am
i was wondering have u guys try using the first 4 hr candle everyday instead of only on monday? actuall i did try today.. it was success but risky on g/j +92pips e/j +33pips c/j +28pips.. all position long..im only taking profit at 1st target profit.. im just trying it out n its live account.. but just a small micro account..
  • #2,012
  • Aug 18, 2009 9:34am Aug 18, 2009 9:34am
Quoting lkthomas
I mean, why would you long?! it is yet to be broken!
Hi Folks:
My question also, I was just getting ready to go long, was hoping I didn't screw up and miss the entry by 100 pips.

Jim
  • #2,013
  • Aug 18, 2009 9:35am Aug 18, 2009 9:35am
Quoting lkthomas
I mean, why would you long?! it is yet to be broken!
I went long because after getting stopped out I saw a return of the long trend - based on indicators I use and outside of Ace's system. So I jumped back in. The dip that we saw was perhaps due to US news that came out earlier.

Cheers!

Sandy
  • #2,014
  • Aug 18, 2009 9:37am Aug 18, 2009 9:37am
I wouldn't jump in too quick, it is still ranging...
  • #2,015
  • Aug 18, 2009 9:41am Aug 18, 2009 9:41am
OK, I understand G/J, why not the Cable. Look what it is doing right now.
Gbp/Jpy and GBP/ USD are 2 the most volatile pairs. I personally going to back test the cable.
  • #2,016
  • Aug 18, 2009 9:43am Aug 18, 2009 9:43am
Quoting lkthomas
I wouldn't jump in too quick, it is still ranging...
I'm up 100 pips with SL already set at +50. So worst case I make +50 pips
  • #2,017
  • Aug 18, 2009 9:45am Aug 18, 2009 9:45am
Quoting shiko
OK, I understand G/J, why not the Cable. Look what it is doing right now.
Gbp/Jpy and GBP/ USD are 2 the most volatile pairs. I personally going to back test the cable.
I'm just trading what I see on the GJ chart right now.
  • #2,018
  • Aug 18, 2009 9:48am Aug 18, 2009 9:48am
Quoting lkthomas
shiko, did you just got stop loss on long G/J ? I think first you need to identify the trend, then put bias on the trade. For example, if you identify the trend is down like G/J now, you will not take long trade and only doing short instead.


Nope,, I did not get stopped.
am near my entry point now. Let's hope it will finally break 156.75.
I think chances are good for break after such huge retracement.
  • #2,019
  • Aug 18, 2009 9:51am Aug 18, 2009 9:51am
Quoting shiko
Nope,, I did not get stopped.
am near my entry point now. Let's hope it will finally break 156.75.
I think chances are good for break after such huge retracement.

I do think it is going to break as well, but let's wait until it breaks 156.75, and we could talk
  • #2,020
  • Aug 18, 2009 9:52am Aug 18, 2009 9:52am
Price is consolidating, hopefully for breakout.
2 traders viewing now