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4H Box Breakout

  • #2,301
  • Aug 24, 2009 7:55am Aug 24, 2009 7:55am
hi guys,

my buy stop:

eur/jpy: 136.12
gbp/jpy: 156.90

my sell stop:

eur/jpy : 135.17
gbp/jpy : 155.51

I use 20 pip buffer for gbp and 15 for eur. Anybody got similar results?
  • #2,302
  • Aug 24, 2009 8:03am Aug 24, 2009 8:03am
Quote
I think some people took the long at 156.81 based on the indicators posted here earlier (1 Box 4A and 1 Box 4B). Lookslike that indicator doesn't include spread because that varies with each broker.

Sandy

oops ,,, i use the indicator posted here , 1 box 4a , and 1 box 4b
  • #2,303
  • Aug 24, 2009 8:10am Aug 24, 2009 8:10am
Yeah, I also forgot to add spread this time.
So, I am in. Let's wait what will happen.
G/J is in uptrend. I would not bitch about few pips mistake. Loses is possible and 1 loss means nothing as well as one win.
I left sell order only on one account where 100% original rules are set, the rest 3 accounts is one short affair and 1% risk per week. If one trade lose, no more trading. If one trade B/E I will trade another direction if opportunity presents.
We are looking for big move and from what I saw, probability of big move after 1 box loss is not high.
  • #2,304
  • Aug 24, 2009 8:26am Aug 24, 2009 8:26am
Quoting iansr1
yes my order was triggered long at 156.862, not looking brilliant right now though down about 80 pips.
I've been in since 156.615 myself. It's b/c I'm using Forex.com. Waited for the 1 hour 8:00 (EST) candle to close. So I woke up this morning to see that I was almost stopped out over-night, but looking a bit better at this moment. Who knows, maybe we'll have gotten in this trade at a slightly better price than most.
  • #2,305
  • Aug 24, 2009 8:56am Aug 24, 2009 8:56am
Quoting shiko
Yeah, I also forgot to add spread this time.
So, I am in. Let's wait what will happen.
G/J is in uptrend. I would not bitch about few pips mistake. Loses is possible and 1 loss means nothing as well as one win.
I left sell order only on one account where 100% original rules are set, the rest 3 accounts is one short affair and 1% risk per week. If one trade lose, no more trading. If one trade B/E I will trade another direction if opportunity presents.
We are looking for big move and from what I saw, probability of big move after 1 box loss...
I saw a ranging movement where it should go depending where it break. I waiting it break and put more buffer not normall value use by ace. So I adjust To get a strong breakout and safe.

Some of trader is a beginner like me. Trading just not pip but built your wisdom
  • #2,306
  • Aug 24, 2009 9:42am Aug 24, 2009 9:42am
Quoting PaleFace
I've been in since 156.615 myself. It's b/c I'm using Forex.com. Waited for the 1 hour 8:00 (EST) candle to close. So I woke up this morning to see that I was almost stopped out over-night, but looking a bit better at this moment. Who knows, maybe we'll have gotten in this trade at a slightly better price than most.
Well, I just got stopped out of my buy. Good luck everyone.
  • #2,307
  • Aug 24, 2009 9:46am Aug 24, 2009 9:46am
I lost, I lost my world, I lost my hard earned money, I lost my heart, I lost, I lost , I lost. This 1 pip cost me 135 pips. daaaaamn.
Failure is the mother of success: learn from 'her'
  • #2,308
  • Aug 24, 2009 9:46am Aug 24, 2009 9:46am
my short for gbp/jpy just got triggered at 155.51
  • #2,309
  • Aug 24, 2009 9:56am Aug 24, 2009 9:56am
Regardless of the the long trades that were filled, it appears as if that was not a valid trade. I for one did not account for the spread. Now I know. This means that the short trade is valid. I just stumbled upon this system yesterday. From what I have seen so far, I really like it. But the real edge has to come from going after the big targets over the long term. So all I can say about being stopped out on my first box trade is....so what? If history is any guide, GJ will bring plenty of winners in the future.
  • #2,310
  • Aug 24, 2009 9:56am Aug 24, 2009 9:56am
Quoting vito88id
my short for gbp/jpy just got triggered at 155.51
yes For me I put a limit tp just to get few hundred pips only
  • #2,311
  • Aug 24, 2009 9:57am Aug 24, 2009 9:57am
Quoting K7420
I lost, I lost my world, I lost my hard earned money, I lost my heart, I lost, I lost , I lost. This 1 pip cost me 135 pips. daaaaamn.
  • #2,312
  • Aug 24, 2009 10:05am Aug 24, 2009 10:05am
I'm going short, but I'm not sure. Very ranging market.
I believe that GBP/JPY will go down if GBP/USD breaks 23.6 and 0.0
It now had break 38.2.
  • #2,313
  • Aug 24, 2009 10:07am Aug 24, 2009 10:07am
Quoting 11andy11
if you used the fxdd candle the trade did not trigger long by one pip.
entry is 156.85 Oanda is wonderful for putting me in when price didnt seem to even touch that area on other brokers...i gotta adjust my spread settings because i think before london opens the spread is a bit wider and thats where i got hit...
  • #2,314
  • Aug 24, 2009 10:09am Aug 24, 2009 10:09am
On my analysis it seems like GJ will go short, while EJ will LONG... Uhhh! it's a real 'ranging' market this week.

BTW, just set the entry point, and let it follow the wave. Nothings wrong with that.
  • #2,315
  • Aug 24, 2009 10:19am Aug 24, 2009 10:19am
In the long run, if the system works, it should work regardless of which broker or trading platform we use, however, quite a few of us got stung this week, didn't we?

I'll use the MetraTrader 4 platform from now on, if for no other reason, to reduce clutter on this thead.
  • #2,316
  • Aug 24, 2009 10:34am Aug 24, 2009 10:34am
http://bloomberg.com/apps/news?pid=2...d=aRDvqZ.3sB.s
  • #2,317
  • Aug 24, 2009 10:34am Aug 24, 2009 10:34am
hi all,

can anyone confirm that the GY short has been triggered
Attached Image (click to enlarge)
Click to Enlarge Name: gbyjpy 24.08.09 short.gif Size: 23 KB
  • #2,318
  • Aug 24, 2009 10:36am Aug 24, 2009 10:36am
hutchy, it is, short is what we are holding now!
  • #2,319
  • Aug 24, 2009 10:38am Aug 24, 2009 10:38am
Quoting K7420
I lost, I lost my world, I lost my hard earned money, I lost my heart, I lost, I lost , I lost. This 1 pip cost me 135 pips. daaaaamn.
I certainly hope you're joking
  • #2,320
  • Aug 24, 2009 10:39am Aug 24, 2009 10:39am
i just hope it breaks out of this range
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