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4H Box Breakout

  • #3,401
  • Edited 11:21pm Sep 6, 2009 11:20pm | Edited 11:21pm
If somebody would like this, it is an excel File to Fill each week to write plan of Ace284System. there is commentaires to explain. Just have to cancel to not open them after you'll understand. easy way..

I put 4 pairs, and just filled for this week , the 37st, the UT4 for GY and EY.

Scan
Attached File(s)
File Type: xls W37 - ACE284.xls   59 KB | 446 downloads
  • #3,402
  • Sep 7, 2009 12:18am Sep 7, 2009 12:18am
Hi there guys

Is anyone using this and trading with FXCM (Australia) and marketscope charts?
If so, is there any indicators for marketscope charts here?

Thanks! looking forward to the new system Ace!
  • #3,403
  • Sep 7, 2009 12:21am Sep 7, 2009 12:21am
Thanks for the spreadsheet. However, the BE is not quite breakeven, it's a loss not gain. Please fix.

Thanks.

Quoting Scanner
If somebody would like this, it is an excel File to Fill each week to write plan of Ace284System. there is commentaires to explain. Just have to cancel to not open them after you'll understand. easy way..

I put 4 pairs, and just filled for this week , the 37st, the UT4 for GY and EY.

Scan
  • #3,404
  • Sep 7, 2009 12:22am Sep 7, 2009 12:22am
I know there was a comment regarding NickB and his possible association with a 4 hour breakout system. I have been a member of his site for a long time and his methodology has nothing to do with this system. There is a guy on his forum thats been trading a similiar system for a long time and he also trades a ny session 15 min breakout on gbpusd. As far a people sniping this system and selling it, what are you gonna do?? Thats really sad but that the way things work these days. Once again thanks Ace. Look foward to seeing your improvements. Oh, and once again, if your asking questions like, I can't figure out what bar it is?, or , so you only trade once a week? Stop asking questions and spend next saturday afternoon with a cold adult beverage and wade through the entire thread. Looking foward to tp4 this week.
  • #3,405
  • Sep 7, 2009 1:20am Sep 7, 2009 1:20am
Quoting 11andy11
Oh, and once again, if your asking questions like, I can't figure out what bar it is?
I used to ask that all the time, but then I gave up drinking.
Greetings from Guanajuato, Mexico
  • #3,406
  • Sep 7, 2009 1:47am Sep 7, 2009 1:47am
Quoting yen44x
I used to ask that all the time, but then I gave up drinking.
lol, yeah, don't mix the candle stick bar up with the other bar, but they will both take your money if your not carefull.
  • #3,407
  • Sep 7, 2009 2:42am Sep 7, 2009 2:42am
anyone long on that up spike? mine just missed by a couple pips.
  • #3,408
  • Edited 3:05am Sep 7, 2009 2:51am | Edited 3:05am
yeah, I am long, but I base my box on the 0:00 gmt candle. Same concept entries are slightly different. Pretty sure the fxdd candle got hit long to the pip.
  • #3,409
  • Sep 7, 2009 3:05am Sep 7, 2009 3:05am
[quote=11andy11;3028634]I know there was a comment regarding NickB and his possible association with a 4 hour breakout system.

Hmmmm did not say a thing about Nick B using this system or anything like it. I said he uses a S&R system. The interesting part is he was/is using a 70 pip SL.
But since you brought it up, his entry points might (MIGHT) have a correlation to the TP1 levels in this system.
  • #3,410
  • Sep 7, 2009 3:18am Sep 7, 2009 3:18am
my long order triggered finally. Good luck this week Folks !!!!
  • #3,411
  • Sep 7, 2009 3:22am Sep 7, 2009 3:22am
Quoting bravester
anyone long on that up spike? mine just missed by a couple pips.
I´m long... hit on the spike. Good luck everybody!!!
  • #3,412
  • Sep 7, 2009 3:30am Sep 7, 2009 3:30am
yeap i am long too! God i hope it is better this week!
  • #3,413
  • Sep 7, 2009 3:47am Sep 7, 2009 3:47am
[quote=bapxyz;3029218]
Quoting 11andy11
I know there was a comment regarding NickB and his possible association with a 4 hour breakout system.

Hmmmm did not say a thing about Nick B using this system or anything like it. I said he uses a S&R system. The interesting part is he was/is using a 70 pip SL.
But since you brought it up, his entry points might (MIGHT) have a correlation to the TP1 levels in this system.
so what would s/r have anything to do with this system? NickB trades breaks of s/r and scalp lines and until just recently had a 50 pip target 50 pip stop. Not sure how his trading method has anything to do with ace's. Enlighten me, whats the correlation between the two systems.
  • #3,414
  • Sep 7, 2009 4:23am Sep 7, 2009 4:23am
11andy11
OK I will try to enlighten you. But we are getting a little of subject so if Ace wants to delete this feel free or PM me and I will.
There was a discussion going on about back testing and diff things people have found.
Someone stated something about a 70 pip SL.
Since in my back testing I always look for a correlation to other systems I use or have used and my recollection is that Mr.B uses 70 for his break trades and 50 for his scalp trades or he did when I was reading that forum.Or maybe it was FA's stop levels. I found that interesting.
But now that you mention it ( and I have no idea what they use today) They where basing there system on 4 hr candle S&R.
Hmmm What other system uses a 4hr candle.
Could we call the top and the bottom of the 4hr candle in this system a S&R level ?
Do we trade the break out of these levels.?
Any similarity in how profit levels are set ?
How about days we don't trade ?
Is one a range trade system and the other a trending?
I can go on but I am sure most readers get the point.
OR we could totally ignore anything we have ever learned in any other experience in trading or life.
  • #3,415
  • Sep 7, 2009 4:31am Sep 7, 2009 4:31am
Quoting bapxyz
11andy11
OK I will try to enlighten you. But we are getting a little of subject so if Ace wants to delete this feel free or PM me and I will.
There was a discussion going on about back testing and diff things people have found.
Someone stated something about a 70 pip SL.
Since in my back testing I always look for a correlation to other systems I use or have used and my recollection is that Mr.B uses 70 for his break trades and 50 for his scalp trades or he did when I was reading that forum.Or maybe it was FA's stop levels. I found that interesting.
But...
yeah, you lost me. No big deal.
  • #3,416
  • Sep 7, 2009 4:52am Sep 7, 2009 4:52am
Early indications are that i'll get screwed here another week, down by over 50 pips now on the long position.


Ace , i hope you didn't piss off those ebay sellers too much ... they seem to be rigging the market against this system for a while now.
  • #3,417
  • Edited 6:47am Sep 7, 2009 5:58am | Edited 6:47am
Quoting bravester
Early indications are that i'll get screwed here another week, down by over 50 pips now on the long position.


Ace , i hope you didn't piss off those ebay sellers too much ... they seem to be rigging the market against this system for a while now.

Dun get too emotion more over den the system. still early too say

on my technical analysis.

however seeing g/j breaking the bear channel TL is one gd thing

hopefully the outcome i hope is wad i draw out.

trade wad u see though

Oh la la, The Tide Has COme!! emBrace My Friend~
Attached Image (click to enlarge)
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trade safe
  • #3,418
  • Sep 7, 2009 7:35am Sep 7, 2009 7:35am
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?
I do face the same problem, the numbers for low are difference at IBFX.

I have checked with FXDD's live chat, they said is was because of the bank rate.Each broker has their own liquidity provider. Meaning, the banks that supply the rates. So you might see different rates.

Meta Trader is manufactured by one company,so different brokers simply lease the platform and connect it to the banks that they specifically use.

Hope this help.
  • #3,419
  • Sep 7, 2009 8:35am Sep 7, 2009 8:35am
well i used 70% of the box size as my stop loss and that has been hit.
Not sure if i should leave my short pending order open or not?
  • #3,420
  • Sep 7, 2009 8:49am Sep 7, 2009 8:49am
Quoting iansr1
well i used 70% of the box size as my stop loss and that has been hit.
Not sure if i should leave my short pending order open or not?

well if g/j PA break below crucial support 152.2x i am bearish for it.

so ur shorts might come valid.

plan ur trade , trade ur plan. no emotions

Are we in for another ranging wk? Ta ta~

rgds
trade safe
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