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4H Box Breakout

  • #2,881
  • Aug 30, 2009 9:19pm Aug 30, 2009 9:19pm
My gbp/jpy just triggered.. but on fxdd i see that price is positive value right now.. mine still negative.. good luck everybody..
  • #2,882
  • Aug 30, 2009 9:24pm Aug 30, 2009 9:24pm
@ Freako,

Thanks for the explanation.
The World As It Is Can Do With Your Positive Disposition
  • #2,883
  • Aug 30, 2009 9:33pm Aug 30, 2009 9:33pm
anibody using 50% SL or still using the original SL at other side of the box?
  • #2,884
  • Aug 30, 2009 9:54pm Aug 30, 2009 9:54pm
Quoting Freako
anibody using 50% SL or still using the original SL at other side of the box?
I'm using the 61.8 fib more or less as the SL on the demo account. Will it work? I have no idea yet, but I'll be posting a weekly summary as usual.

Good luck to all.
Greetings from Guanajuato, Mexico
  • #2,885
  • Aug 30, 2009 9:57pm Aug 30, 2009 9:57pm
Quoting yen44x
I'm using the 61.8 fib more or less as the SL on the demo account. Will it work? I have no idea yet, but I'll be posting a weekly summary as usual.

Good luck to all.
im trying to use 50% SL.. SL at Other Side of The box seems wide.. I trade g/j,e/j & chf/jpy..
  • #2,886
  • Aug 30, 2009 9:58pm Aug 30, 2009 9:58pm
Quoting yen44x
I'm using the 61.8 fib more or less as the SL on the demo account. Will it work? I have no idea yet, but I'll be posting a weekly summary as usual.

Good luck to all.

I am using 50% stop loss on one of the accounts. risk 1%.
  • #2,887
  • Aug 30, 2009 10:01pm Aug 30, 2009 10:01pm
Quoting Freako
im trying to use 50% SL.. SL at Other Side of The box seems wide.. I trade g/j,e/j & chf/jpy..
Hi Freako.

Could you put your numbers for e/j?

I´m at work now and I can´t open metatrader here and with oanda is very difficult to calculate.

Thank you very much!
  • #2,888
  • Aug 30, 2009 10:11pm Aug 30, 2009 10:11pm
Quoting krly
Can someone tell me what the ATR reading is? The actual #, I know "what" the ATR is.
Thanks
krly
ATR (14) is 582 pips.

That's no where near TP4 but, increased volume is expected in September and the coming months.
  • #2,889
  • Aug 30, 2009 10:14pm Aug 30, 2009 10:14pm
Quoting Ace284
ATR (14) is 582 pips.

That's no where near TP4 but, increased volume is expected in September and the coming months.
hello ACE ! i am using IBFX platform and kinda confuse about drawing the box high low from 1st hour 4 candle...

however, my pending order was hit at 150.49... what was yours ? what about TP ?
Trading Forever !!!
  • #2,890
  • Aug 30, 2009 10:19pm Aug 30, 2009 10:19pm
Quoting Freako
im trying to use 50% SL.. SL at Other Side of The box seems wide.. I trade g/j,e/j & chf/jpy..
I move SL to 50%SL when 50%TPx1 is hit.

When tp1 is hit I move Sl to BE.

I haven´t backtested it very much but I think it is nice with this great system.
  • #2,891
  • Aug 30, 2009 10:31pm Aug 30, 2009 10:31pm
Quoting shiko
there is a heavy fortified support area from 150.40 to 149.80 to break through. It can bounce all the way up ... so, keep your hopes down untill we break this level. Then it might be a long way down...
In what time frame you are seeing the "heavily fortified" support area, shiko? I've looked at Weekly, Daily, and the 4H chart, and I'll be darned if I can find it.

Would you mind posting a chart? Thanks.
Greetings from Guanajuato, Mexico
  • #2,892
  • Aug 30, 2009 10:36pm Aug 30, 2009 10:36pm
Quoting yen44x
In what time frame you are seeing the "heavily fortified" support area, shiko? I've looked at Weekly, Daily, and the 4H chart, and I'll be darned if I can find it.

Would you mind posting a chart? Thanks.

Wear glasses man.
Itis because you have not traded Non brainers style. It is their. Just open daily G/J and 4H and you will see.
  • #2,893
  • Aug 30, 2009 10:36pm Aug 30, 2009 10:36pm
Quoting yen44x
In what time frame you are seeing the "heavily fortified" support area, shiko? I've looked at Weekly, Daily, and the 4H chart, and I'll be darned if I can find it.

Would you mind posting a chart? Thanks.
There is quite significant support at this level. Daily Chart (below). I see it more of a 100 pip zone, from 150.00 to 151.00.

Nonetheless, my short trade is active, but we're not in the clear yet.
Attached Image (click to enlarge)
Click to Enlarge Name: support.gif Size: 16 KB
  • #2,894
  • Aug 30, 2009 10:37pm Aug 30, 2009 10:37pm
Quoting shiko
Wear glasses man.
Itis because you have not traded Non brainers style. It is their. Just open daily G/J and 4H and you will see.
Very classy, shiko.
Greetings from Guanajuato, Mexico
  • #2,895
  • Aug 30, 2009 10:38pm Aug 30, 2009 10:38pm
Price bounced few times from those areas in the past. actually, it reversed.
Check No Brainers trades thread. It is explained how to detect those areas there.
  • #2,896
  • Aug 30, 2009 10:42pm Aug 30, 2009 10:42pm
Quoting yen44x
Very classy, shiko.
It is here:


http://img79.imageshack.us/img79/281...ortarea.th.png
  • #2,897
  • Aug 30, 2009 10:44pm Aug 30, 2009 10:44pm
Quoting Ace284
There is quite significant support at this level. Daily Chart (below). I see it more of a 100 pip zone, from 150.00 to 151.00.

Nonetheless, my short trade is active, but we're not in the clear yet.



Ace, we wear same glasses
  • #2,898
  • Aug 30, 2009 10:46pm Aug 30, 2009 10:46pm
Quoting yen44x
Very classy, shiko.

Yen, sorry man. I am just sleepy, forgot to set a smile

No intention to insult you.
Really, check No brainers. BRW gives a great method of detecting S/R areas.
  • #2,899
  • Aug 30, 2009 10:56pm Aug 30, 2009 10:56pm
Quoting shiko
Yen, sorry man. I am just sleepy, forgot to set a smile
Thanks shiko. I never said you were wrong, my friend. I simply said I didn't see it and asked you to show me if you cared to.

I guess I'm not just seeing the same exact area as you are, but S & R tends to be a range rather than an exact number anyway. I marked what I considered significant S & R on the weekly and daily charts, and for me it was more in the 150.90 area. I didn't see it at 149.80, but maybe I missed something. It wouldn't be the first time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily.jpg Size: 65 KB
Click to Enlarge Name: Weekly.jpg Size: 47 KB
Greetings from Guanajuato, Mexico
  • #2,900
  • Aug 30, 2009 11:04pm Aug 30, 2009 11:04pm
I have got a bad feeling about at least 50% loss account. 90 pips to go is nothing for such S/R area.
Now let's see what is stronger, political news or support area
if it makes to 149.00, I will set SL to BE+20 pips.
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