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4H Box Breakout

  • #3,381
  • Sep 6, 2009 8:11pm Sep 6, 2009 8:11pm
Quoting liberty71
my short entry is 152.17 while the long is at 153.21

the candle high is 152.94
the low is 152.37

i hope i picked the right candle?
Nope, it's most likely the right candle, maybe it's because you're using a different broker than FXDD for your charts.
  • #3,382
  • Sep 6, 2009 8:18pm Sep 6, 2009 8:18pm
NO Trade for this week.

reason : This week 4H Box is "less" than 100pips away from previous week( 4H box), I assume this week range is "ranging", I take no trade this week.

cheers




Quoting Ace284
Yes, orders are set. My chart is below. Stoploss to BE after TP1 and remember to add spread for the long order
  • #3,383
  • Sep 6, 2009 8:19pm Sep 6, 2009 8:19pm
GBPagainst yen and Ud.. both hitting resistance on 4 hr trend lines horoz lines and 50/618/% fibo points...the Ud cross resistance area is stronger..watching the 5close..6 open emas on the hr to give me short enter point with stop above 4 hr hi..
  • #3,384
  • Sep 6, 2009 8:19pm Sep 6, 2009 8:19pm
Quoting ad2008
NO Trade for this week.

reason : This week 4H Box is "less" than 100pips away from previous week( 4H box), I assume this week range is "ranging", I take no trade this week.

cheers
Yes, but you have to consider this, we are on the topside of the major S&R right now, if there is gonna be a breakout, this week is more than likely the week, because last week was a full range week.
  • #3,385
  • Sep 6, 2009 8:21pm Sep 6, 2009 8:21pm
broker scam...the low of the candle n liteforex.org is 152.37 but on my fxdd demo it's 152.23 while the high is 1 pip different...on fxdd it's 152.95 while liteforex is 152.94....why is so much difference in the low price of thesame candle?
The World As It Is Can Do With Your Positive Disposition
  • #3,386
  • Sep 6, 2009 8:21pm Sep 6, 2009 8:21pm
Quoting Ace284
Yes, orders are set. My chart is below. Stoploss to BE after TP1 and remember to add spread for the long order

doesnt really matter if my box is a few pips different to yours?i used first hour candles since my platform is shit.bottom of box with 10 pip buffer 152.05, top 153.05
  • #3,387
  • Sep 6, 2009 8:24pm Sep 6, 2009 8:24pm
Quoting ad2008
NO Trade for this week.

reason : This week 4H Box is "less" than 100pips away from previous week( 4H box), I assume this week range is "ranging", I take no trade this week.

cheers
Is that a proven way of determining ranging weeks?
  • #3,388
  • Sep 6, 2009 8:24pm Sep 6, 2009 8:24pm
Quoting liberty71
broker scam...the low of the candle n liteforex.org is 152.37 but on my fxdd demo it's 152.23 while the high is 1 pip different...on fxdd it's 152.95 while liteforex is 152.94....why is so much difference in the low price of thesame candle?
it's not a difference in the lows of the candles, price is dependent on broker, because different brokers work with different liquidity providers,, no 2 liquidity providers bid/ask the same prices, so they average it out among the Liquidity providers they have at their disposal, some of them will actually let you choose which LP you want to buy from/sell to.

Seriously, check around, you'll not find any 2 brokers that have the same high/low/open/close unless broker A is an introducing broker from Broker B
  • #3,389
  • Sep 6, 2009 8:31pm Sep 6, 2009 8:31pm
The box have 112 pips.
Not less than 100
  • #3,390
  • Sep 6, 2009 8:33pm Sep 6, 2009 8:33pm
Quoting ad2008
NO Trade for this week.

reason : This week 4H Box is "less" than 100pips away from previous week( 4H box), I assume this week range is "ranging", I take no trade this week.

cheers

No think so, in opposite of that, we are able to have some small SL as the trend Jump for a big round..
  • #3,391
  • Sep 6, 2009 8:41pm Sep 6, 2009 8:41pm
Quoting Ace284
You're definitely right, they are everywhere like the plague. They even create new profiles on FF with a turtle as their display picture and decide to post on this thread.

Guys meet bar/Jahual, he's one of the ebay sellers I was taking about. He's already been banned off FF before, and will be banned again in a while.

These guys are floating around everywhere...
Ace . . . I knew you had an Ace up your sleeve.

What a loser, bar-jahual.
Greetings from Guanajuato, Mexico
  • #3,392
  • Sep 6, 2009 8:42pm Sep 6, 2009 8:42pm
plz ace i have a qustion....whats the last setup for ur system and whats ur R:R

ratio?
  • #3,393
  • Sep 6, 2009 8:43pm Sep 6, 2009 8:43pm
Quoting jones247
Although there are unscrupulous individuals trying to sell this system or promote this system as their own on other websites, they are still missing a key component inherent to this thread....

Wow, Walt, when I want to act smart, I'm just going to steal your material if that's o.k. I couldn't agree more.
Greetings from Guanajuato, Mexico
  • #3,394
  • Sep 6, 2009 8:49pm Sep 6, 2009 8:49pm
do you guys set orders only for gbp jpy or for all the yen pairs?
  • #3,395
  • Sep 6, 2009 8:55pm Sep 6, 2009 8:55pm
Quoting ledobedo
do you guys set orders only for gbp jpy or for all the yen pairs?
GBP/JPY only for me.
Greetings from Guanajuato, Mexico
  • #3,396
  • Sep 6, 2009 9:08pm Sep 6, 2009 9:08pm
Quoting Ace284
Is that a proven way of determining ranging weeks?
Agree with you Ace284. Last week. the candle is very big but I don't think most of us is profit from it also... Just set and forget... but before set, need to make some study on the chart and forecast how far it will go...
  • #3,397
  • Sep 6, 2009 9:11pm Sep 6, 2009 9:11pm
Quoting DarkDays
Hello and very thanks to all. How trade breakout AcE method on M1? A thousand thank.
DarkDay.
P.S. KIDDING!
Very good, Dark Days. Didn't you forget to ask if anyone could program an EA for M1 trading too?
Greetings from Guanajuato, Mexico
  • #3,398
  • Edited 10:09pm Sep 6, 2009 9:52pm | Edited 10:09pm
Is it quiet around here? Anybody hear from shiko?
  • #3,399
  • Sep 6, 2009 10:36pm Sep 6, 2009 10:36pm
Quoting penfield
Is it quiet around here? Anybody hear from shiko?
I haven't heard from him, so I'm just going through his old posts so I can keep that warm, fuzzy feeling.

29 days until the return of shiko . . .

Just kidding, shiko, if you're checking in. Well, maybe I'm kidding.
Greetings from Guanajuato, Mexico
  • #3,400
  • Sep 6, 2009 10:39pm Sep 6, 2009 10:39pm
Quoting nubchai
I use the Hopwood trade manager but I'm sure there are others http://www.forexfactory.com/showthread.php?t=89371

My trade plan for this week is to enter pending trades according to Ace's rules. When the trade that triggers hits 100 pips (not TP1) I will close 1/2 the position. The remainder I will set to BE+20 and use a jumping stop of 100 or the box size, whichever is smaller.

The jumping stop will trigger first when the trade moves to 100 pips profit. It will close 1/2 the position and set the SL for the remainder to BE+20.

After...
I like your trade plan and i am going to follow it this week. The box size is pretty close to 100 pips this week , so i am going to use box size instead of 100 pips that you are using.
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