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4H Box Breakout

  • #3,421
  • Sep 7, 2009 7:14am Sep 7, 2009 7:14am
Can it be a problem, that many people trading this method - and it manipulate price?
  • #3,422
  • Sep 7, 2009 7:22am Sep 7, 2009 7:22am
Quoting SonaV.
Can it be a problem, that many people trading this method - and it manipulate price?
losing is not a problem for an experienced trader, bcoz we all know losing is a "must" part in trading, no matter what system you are using.

a job, or a fixed deposit in bank is more suitable for those not willing to lose.
  • #3,423
  • Sep 7, 2009 7:22am Sep 7, 2009 7:22am
Quoting SonaV.
Can it be a problem, that many people trading this method - and it manipulate price?

No way!
  • #3,424
  • Sep 7, 2009 7:55am Sep 7, 2009 7:55am
There is a holiday today everyone Dont forget that affects money in the markets...tomorrow will be an interesting day in the stock market as its the start of the new trading season I decided not to trade this method this week due to the holiday
  • #3,425
  • Sep 7, 2009 8:08am Sep 7, 2009 8:08am
Quoting SonaV.
Can it be a problem, that many people trading this method - and it manipulate price?
Nope, because if alot of people were using this exact system, it would make it more effective, think about it this way, when the long buffer is breached, if 100,000 traders were all using this system, all buy orders would be triggered, now there would be even less available money for the market to work with, driving prices up, less = more.
  • #3,426
  • Sep 7, 2009 8:25am Sep 7, 2009 8:25am
Boom - long got stopped out. Not sure if I'll take the short.

Sandy
  • #3,427
  • Sep 7, 2009 8:35am Sep 7, 2009 8:35am
Quoting nubchai
Boom - long got stopped out. Not sure if I'll take the short.

Sandy

my 100% S/L @ 151.95 Is closing in.

well, love to lose my trades
trade safe
  • #3,428
  • Sep 7, 2009 8:38am Sep 7, 2009 8:38am
Im stopped out also. I thiink next week i'll use the box + the buffer for the stoploss instead of just the box. Try to give the trade as much breathing room as possible.
  • #3,429
  • Sep 7, 2009 8:38am Sep 7, 2009 8:38am
Quoting zz_zhang
my 100% S/L @ 151.95 Is closing in.

well, love to lose my trades
Ouch, 100% SL, I hope the price turns in your favor. I'm expecting the first days of this week to be ranging, due to Labor Day holiday. But I could be wrong.
  • #3,430
  • Sep 7, 2009 8:47am Sep 7, 2009 8:47am
..."losing is not a problem for an experienced trader, bcoz we all know losing is a "must" part in trading, no matter what system you are using.

a job, or a fixed deposit in bank is more suitable for those not willing to lose..."

I belive this is not 100% true.
In any system you need check the losing trades.
Because when your money finish you need to take a Job.
I know in each system you have % winners and % loser trades.
All system works some time.
All system need to check when the market change.


  • #3,431
  • Sep 7, 2009 8:49am Sep 7, 2009 8:49am
Quoting nubchai
Boom - long got stopped out. Not sure if I'll take the short.
Misery loves company. I'm out too.

My only consolation, if it helps, was the reduced SL. My actual SL this week at 30% would have been 34 pips due to the relatively small box size. I decided that a minimum of 50 pips was probably wiser, so I lost more than I could have, but still less than those who went with a 100% SL.

That's a little bit like saying my baby is less ugly than your baby. End result . . . we both have ugly babies for this week. Hopefully, next week they grow out of it.

I'm definitely done trading for the week, so good luck to all if you jump into the Short.
Greetings from Guanajuato, Mexico
  • #3,432
  • Sep 7, 2009 8:54am Sep 7, 2009 8:54am
Quoting yen44x

That's a little bit like saying my baby is less ugly than your baby. End result . . . we both have ugly babies for this week. Hopefully, next week they grow out of it.
Where do you come up with all this crap? You have a good line for every occasion!
  • #3,433
  • Sep 7, 2009 8:56am Sep 7, 2009 8:56am
Quoting wrenski
Where do you come up with all this crap? You have a good line for every occasion!
I grew up on a dairy farm . . . anyone who's been around cows knows there's plenty of crap for everyone, so I just try to share it.
Greetings from Guanajuato, Mexico
  • #3,434
  • Sep 7, 2009 8:59am Sep 7, 2009 8:59am
Is not good idea jump into short side.
I wait for retracement and confirm downtrend.
Is posible the same situation above in the line.

In any market, when the money is on the table, exist Profesional traders
And they make a good job. they go for your stops and change the money flow one hand to others hands.
  • #3,435
  • Sep 7, 2009 9:03am Sep 7, 2009 9:03am
One of the few analysis i saw before it free fall to my S/L

Which way will it goes?

Ta TA - The riGht Way
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 194 KB
trade safe
  • #3,436
  • Sep 7, 2009 9:05am Sep 7, 2009 9:05am
Quoting yen44x
Misery loves company. I'm out too.

My only consolation, if it helps, was the reduced SL. My actual SL this week at 30% would have been 34 pips due to the relatively small box size. I decided that a minimum of 50 pips was probably wiser, so I lost more than I could have, but still less than those who went with a 100% SL.

That's a little bit like saying my baby is less ugly than your baby. End result . . . we both have ugly babies for this week. Hopefully, next week they grow out of it.

I'm definitely done trading for the week, so...
Hi Yen

My SL was 80 pips but I was trading at reduced lot size because of the holiday. The market seems very anemic so I may skip the short.

Sandy
  • #3,437
  • Sep 7, 2009 9:07am Sep 7, 2009 9:07am
why would anyone trade on a long weekend? Wake up people we have the labour day here in NA, the price movement will be slow. This is the opportunity to back test the strategies and drawing your s/r lines planning trades for tuesday...
  • #3,438
  • Sep 7, 2009 9:10am Sep 7, 2009 9:10am
Quoting nubchai
Hi Yen

My SL was 80 pips but I was trading at reduced lot size because of the holiday. The market seems very anemic so I may skip the short.

Sandy
Hi Sandy . . . 80 pips would have put you around 70% SL, if my figures are correct. That's probably a wise compromise when choosing a SL, and trading reduced lots this week was definitely a good idea.

I agree about the market . . . GBP/JPY was behaving like EUR/GPB, which is like watching snails race. Oh well, on to next week.
Greetings from Guanajuato, Mexico
  • #3,439
  • Sep 7, 2009 9:10am Sep 7, 2009 9:10am
Quoting zz_zhang
One of the few analysis i saw before it free fall to my S/L

Which way will it goes?

Ta TA - The riGht Way
I looked into the COT index that someone posted earlier. GBP was at 100 which is as overbought as you can get. JPY was in the 20's if I remember right. According to folowers of the index that would suggest a short move. But since it's new to me I don't know hoe valid the index is for trend trading.

Sandy
  • #3,440
  • Sep 7, 2009 9:14am Sep 7, 2009 9:14am
Quoting fed
why would anyone trade on a long weekend? Wake up people we have the labour day here in NA, the price movement will be slow. This is the opportunity to back test the strategies and drawing your s/r lines planning trades for tuesday...
No offense, fed, but this kind of advice, at least to me, always sounds better in advance. Then, it sounds like you know what you're talking about instead of rubbing it in.

I'm not saying you're wrong . . . that's just how it comes across to me.
Greetings from Guanajuato, Mexico
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