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Attachments: Daily Scalping the Asian High and Asian Low 2 - You want simplicity?
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Daily Scalping the Asian High and Asian Low 2 - You want simplicity?

  • #101
  • Aug 19, 2009 5:57pm Aug 19, 2009 5:57pm
Quoting pgpb
Hi Frankenpip

I have been following you over in the C4 for poor traders thread and I know you mentioned Asian box trading, so I did a search and here you are over in this thread too
Would you be willing to share your AsianBox template with me.
I think I grasp the concept, but I figure a template would be a good place to start. (I realize I may have to adjust for brokers clock time)
Thx

PGPB
HI pgpb:

There is no template. Load the sessions indicator on your chart.
If you only trade long, then you can't always be wrong.
  • #102
  • Aug 19, 2009 5:58pm Aug 19, 2009 5:58pm
Quoting ForexSV
Franky... since you are a very friendly monster that likes to teach , can you explain how you use negative correlation... I mean, if it's not a secret we would like to learn it...
Hi ForexSV:

If GBPUSD goes up then USDCHF goes down because they are NEGATIVELY CORRELATED.

I think you can figure out what to do when you see GBPUSD go up.
If you only trade long, then you can't always be wrong.
  • #103
  • Aug 20, 2009 10:47am Aug 20, 2009 10:47am
Attached Image (click to enlarge)
Click to Enlarge Name: frankenpipchart.gif Size: 22 KB


Short at Asian Box low
If you only trade long, then you can't always be wrong.
  • #104
  • Aug 20, 2009 3:07pm Aug 20, 2009 3:07pm
Quoting FrankenPip
Attachment

Short at Asian Box low

Franky.....

Do you trade for a living or is it a part time job/hobby ....
  • #105
  • Aug 20, 2009 3:54pm Aug 20, 2009 3:54pm
Quoting ForexSV
Franky.....

Do you trade for a living or is it a part time job/hobby ....
Hi ForexSV:

Please do not concern yourself with others' affairs. It is a distraction to your mission which is to grow your own account. What I do is of no consequence to you. When I learned this life lesson, things changed for the better. Perhaps someday you will pass along this wisdom.
If you only trade long, then you can't always be wrong.
  • #106
  • Aug 20, 2009 4:18pm Aug 20, 2009 4:18pm
Quoting gbppip

The simple, yet profitable, systems seem to get the least attention.

This AHAL method provides profitable opportunities almost every trading day without much "pain".
Agreed!

Thanks for continuing the thread and keeping it simple!

http://www.mysmiley.net/imgs/smile/w...inking0047.gif
  • #107
  • Aug 20, 2009 4:27pm Aug 20, 2009 4:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: frankenpipchart.gif Size: 20 KB


There was a nice afternoon break out of the Asian high.
If you only trade long, then you can't always be wrong.
  • #108
  • Aug 20, 2009 6:00pm Aug 20, 2009 6:00pm
Quoting FrankenPip
Hi ForexSV:

Please do not concern yourself with others' affairs. It is a distraction to your mission which is to grow your own account. What I do is of no consequence to you. When I learned this life lesson, things changed for the better. Perhaps someday you will pass along this wisdom.
Thanks for the lesson, Franky..
  • #109
  • Aug 20, 2009 8:14pm Aug 20, 2009 8:14pm
Quoting FXSurfer
Agreed!

Thanks for continuing the thread and keeping it simple!

http://www.mysmiley.net/imgs/smile/w...inking0047.gif
You're quite welcome, Mate.
  • #110
  • Aug 20, 2009 8:16pm Aug 20, 2009 8:16pm
Attached Image (click to enlarge)
Click to Enlarge Name: ! gbppip.gif Size: 21 KB


I collected some pips on the GBPUSD short.
  • #111
  • Edited 8:40pm Aug 20, 2009 8:27pm | Edited 8:40pm
Quoting FrankenPip
Attachment


Long entry 1.6506
Hi Franken:
Trying to understand your trade, why would you have not gone short at 1.,6390 on the red candle immediately after the close of the box. The price spiked below the bottom of the box and it was a red candle. Any help would be greatly appreciated.

Jim
  • #112
  • Aug 21, 2009 2:58am Aug 21, 2009 2:58am
This was a great break of the asian box.
Attached Image (click to enlarge)
Click to Enlarge Name: ma x.gif Size: 20 KB
  • #113
  • Aug 21, 2009 5:31am Aug 21, 2009 5:31am
This indicator works good for this system. I set the off set to "O" and the box period color to "None" to clean it up a bit.
Times are 00:00-08:00 FXDD time.
Attached Image (click to enlarge)
Click to Enlarge Name: break out.gif Size: 38 KB
Attached File(s)
File Type: ex4 BreakOut_PANCA_EAGLE__indicator.ex4   7 KB | 583 downloads
  • #114
  • Aug 21, 2009 6:44am Aug 21, 2009 6:44am
Quoting bigjim1958
Hi Franken:
Trying to understand your trade, why would you have not gone short at 1.,6390 on the red candle immediately after the close of the box. The price spiked below the bottom of the box and it was a red candle. Any help would be greatly appreciated.

Jim
Hi Jim:

Yes, that was a short. After the short came the long and that's what I was showing.
If you only trade long, then you can't always be wrong.
  • #115
  • Aug 21, 2009 6:46am Aug 21, 2009 6:46am
Attached Image (click to enlarge)
Click to Enlarge Name: frankenpipchart.gif Size: 22 KB


Long 1.6517 trade paid nice pips.
If you only trade long, then you can't always be wrong.
  • #116
  • Aug 21, 2009 9:09am Aug 21, 2009 9:09am
Attached Image (click to enlarge)
Click to Enlarge Name: frankenpipchart.gif Size: 23 KB


Just set the trap before the news...
If you only trade long, then you can't always be wrong.
  • #117
  • Aug 21, 2009 3:57pm Aug 21, 2009 3:57pm
I was just going through some old posts on a search for breakout stuff here on FF - there's a lot.

Here's an old Merlin post that I thought people here might like:

i too "heard" that the most simple systems are the most robust, but i never really believed it until months after i started developing systems. the more complex, or the more "degrees of freedom" a system has, the worse it is, i dont care what the backtest results show. people throw 6 indicators together and get an incredible backtest result and think, "wow, this must be the holly grail because what are the chances i could have just thrown some indicators around and got this kind of result!". well, the odds are actually pretty good that will happen i never really appreciated that fact until i saw it with my own eyes. but when i saw it, it was like i was reborn.

Quoting merlin
i too "heard" that the most simple systems are the most robust,
  • #118
  • Aug 21, 2009 6:32pm Aug 21, 2009 6:32pm
"If you have seen one breakout system then you have seen them all."

There is no magic involved. Price is always going to be moving through a line on someone's chart, somewhere. Where the line is makes no difference. What you do or don't do when price touches the line is what matters.

The sad truth is traders pay more attention to the lines than they do to the price and what price is doing. Price can be moving up to a line and traders are selling because that line is called "resistance". And they wonder why price didn't stop and start dropping because it touched the "resistance" line as their account balance grows smaller pip by pip. Silly traders!
If you only trade long, then you can't always be wrong.
  • #119
  • Aug 22, 2009 12:44am Aug 22, 2009 12:44am
Quoting FrankenPip
"If you have seen one breakout system then you have seen them all."

There is no magic involved....
Spoken like a true trader. Keep it up, Mate.
  • #120
  • Aug 22, 2009 9:24am Aug 22, 2009 9:24am
Quoting FrankenPip
HI k2kv:

I don't really know. All I did was install the indicator on my chart without changes. If it is not broken, don't fix it, right? If you are right about the times being "wrong" then this proves there are no "magic" times.
Hi Frank, I like your style and following you on both C4 and the Asian Box.

thanks for simplicity
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