1H/4H Cubicle Breakout System

See new thread

I'm not in a cubicle. Too bad for me I guess.

Are you waiting for some crowd to post "I´m interested", or "looking forward to this system", let´s share dude, get out of your cubicle

LOL...just don't have time right now...soon though...try to post stuff tonight!

Hi Mr Adams

I'm looking forward to your system, method....

I've read all your books and can't wait to get out of the cubicle.

What you need to know/understand:

1. Using Fibonacci to set Profit Targets (hard Take Profit Limit Orders)
2. Using/setting email/text message alerts on MT4
3. Having the ability to take a trade, walk away and wait for an alert to say you've made XXX Pips, and exited and ____Price Level.

Why walk away? Because it is human nature to foul something good up, also your perception of price action will always lean the following ways:

When you're short a position: You always see PA as going AGAINST you, the same when you're long.

You MUST give the trade room to breath, develop and gain momentum...PA cannot got downhill without having been up-hill first...and vice versa.

Just set it and forget it.

What this is:

An alert based trading system, in that you NEVER just stare at a computer monitor waiting for a signal. We ONLY trade when an alert is
A. Received and B. Validated.

Why am I sharing this system?

Because I have established that trades with my signals ALWAYS hit a certain Fibonacci number before either reversing or continuing on. What I need is multiple people doing Research and Development on perfecting the Trailing stop for this system...which will be discussed in great detail.

I have been very busy at work this week...but I will post everything you need to know/use etc... this weekend.

-Darren

What about being better prepared before starting a thread?

This doesn't look very professional in my eyes.

I had good intentions, but have been very, very busy at work.

It will be worth the wait though.

-Darren

Your simple system will work. Market makers robots understand Fibos so it will work. Market makers (like casino operators) also know you are not capable of holding the money for long. It becomes tough to overcome fear or greed if you watch charts. So your solution is good. A good money management plan is essential.

When you do post, please share the instructions, charts and indicators. Look forward to seeing your system. Also, thank you for your Service to Our Country!

Will do, and thank you.

but what you need to have the confidence to place a trade and walk away.


So, there is a 5% Chance we will only hit 138.2 Fib

A 80% Chance we’ll hit 161.8

A 45% Chance we’ll hit 261.8

A 15% Chance we won’t hit any level including 138.2 (Total Failure)


I think those are pretty good odds.

Largest drawdown before hitting 161.8 or 261.8 was -150 pips.

I’d say on ANY trade you would need a stop loss of 200 pips! I know, I know…crazy…but look at the odds.

There were only 2 Drawdowns over 100 pips prior to hitting 161.8/261.8…so it would be worth the pain for a little while.

Just set the TP level and forget.

The average Trade pip profit was @ 40 pips (LOW AVG)…so from May 1 09 to Today…that’s a net profit of 5,400 pips…on ONE pair.

Next post (later) will be on the use of Fib to get the results I posted on probability analysis

This looks good, pilotui.
I'm anxious to see the rest of it.
Thank you for sharing.

Hi Pilotui, i guess this weekend you'll have plenty of time to show us the path..., thanks for sharing your results, but still in a cubicle

MOVING TO THE THREAD TITLED

http://www.forexfactory.com/showthre...68#post2980868

1H Cubicle Breakout

Why...I don't want to post both strats for 1H/4H...

We'll focus on 1H first.

Oh and Cobra- I hope this new thread looks more professional!