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4H Box Breakout

Quoting Fms
This short trade is very risky IMO, very low probability of hitting even TP1. Next hours should be uptrend, and being such a small box size SL will be probably hit.

thx for the info though , i am just following the system.

further thanks for the Pre forecast direction where g/j will goes.

u might wanna long it IYO.
trade safe
well my short hasnt been triggered? My short entry is at 149.78
My long position was triggle and I just set my short position at today's lowest point, hopefully is a nice week...

Cheers!!
Quoting pips info
My long position was triggle and I just set my short position at today's lowest point, hopefully is a nice week...

Cheers!!
"My long position was triggle". I don't understand what you mean. I don't see how you could be in a long trade.
Quoting iansr1
well my short hasnt been triggered? My short entry is at 149.78
Quoting pips info
My long position was triggle and I just set my short position at today's lowest point, hopefully is a nice week...
Just so you don't confuse newcomers to the thread, neither of you must be following the conventional entry rules for this system. Is that correct?
Greetings from Guanajuato, Mexico
Quoting zz_zhang
Strangely, this thread become so quiet and no one seems to post. anyway my sell order has been activated. if still a loss this week den i will take a break on this system. continous 3 wk loss is not good to me.
I think you answered the puzzle yourself, ZZ, in regard to why the thread is so quiet. You set your limit at 3 or 4 weeks . . . a lot of traders probably had even less patience.
Greetings from Guanajuato, Mexico
My short trade triggered and stopped out at 50 pips. I used a reduced SL. I used another method to scalp the GJ short from the open and closed that trade out at 37 pips (should have closed it earlier grrr) So I'm -13 pips on GJ overall.

Sandy
Quoting nubchai
My short trade triggered and stopped out at 50 pips. I used a reduced SL. I used another method to scalp the GJ short from the open and closed that trade out at 37 pips (should have closed it earlier grrr) So I'm -13 pips on GJ overall.

Sandy
I was stopped out, too, at 40 pips. My plan was to use a 30-35% SL, but the box size was so small this week I decided 40 pips was more prudent.

Anyone with a full 100% SL should still be in the Short trade, so good luck.
Greetings from Guanajuato, Mexico
This is my 4th week on this system. If i loose money again this week i will take a looong pause... 50% SL hit on short position for now.
Quoting yen44x
I was stopped out, too, at 40 pips. My plan was to use a 30-35% SL, but the box size was so small this week I decided 40 pips was more prudent.

Anyone with a full 100% SL should still be in the Short trade, so good luck.
the ranging did kill, my reduce sl hit @150.70 as well
well, takin a break on tis system. will trade demo still.
have to protect my capital.
thanks ace once again for e system , i be back
trade safe
Quoting wrenski
"My long position was triggle". I don't understand what you mean. I don't see how you could be in a long trade.
Hi Yen,

Sorry to confuse you all. for this week I have make some strategy change on Ace strategy, I am using 3rd candle as reference to set my buy and sell order. please see the green line at the chart below.

If you refer back the history in pass few month, the biggest movement is happened after 3rd candle completed. FYI, I am using FXCM UK MT4 as my platform. Beside, the stoch chart also shown it is over sell. Therefore I am focusing buy opportunity only at this moment.

In this case, I may not take max profit but it is better than lossing trade...
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Quoting zz_zhang
well, takin a break on tis system.
Wait, wait, before everyone leaves, if anyone sees Shiko, tell him to hurry back . . . there's no one else left to talk to.
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Greetings from Guanajuato, Mexico
Quoting pips info
Hi Yen,

Sorry to confuse you all.
No problem, pips info, I was confused long before I met you.

In regard to your post, you addressed it to me, but quoted Wrenski. Just for the record, we are not one and the same, although it is true we've never been seen in the same place at the same time, so who really knows?

I can say we both have an affinity for burros, but I'm a seller and Wrenski is a buyer.

Right, Wrenski???
Greetings from Guanajuato, Mexico
Speaking of Shiko....I got a
Attached Image
post card from him today......
Quoting eloaking
The more quiet things get, the better for the real traders of this system who have useful contributions to make but have been prevented from doing so by the bees of fortune-seeking (Holygrail-seeking) traders who flooded this thread in recent weeks.
Thank God, they rushed in and they rushed out. And now the shafts are being separated from the grains. Any trader still left might just be the ones that should be here in the first instance. As bad as last week seems, i still raked in +150 pips, though am trading a modified version and it ran till this...
If you don't mind sharing, what's your modified version that allowed you to pull +150 pips in profit? Are you averaging down, as opposed to reverse in the opposite direction when the 1st trade gets stopped out?

thanks,

Walt
Quoting yen44x
No problem, pips info, I was confused long before I met you.

In regard to your post, you addressed it to me, but quoted Wrenski. Just for the record, we are not one and the same, although it is true we've never been seen in the same place at the same time, so who really knows?

I can say we both have an affinity for burros, but I'm a seller and Wrenski is a buyer.

Right, Wrenski???
That is correct Yen. We are not one in the same but we are a kindred spirit.
Hi fx traders,

I read this thread for a while but till today only reading. I feel that Ace's system is very good but not in sideranges. I think it's a good trendsystem with a lot of winning potential.

As all of us can see G/J is in a siderange the last 2-3 weeks. The resistance is 153.20 and the support 149.00 on the 4h basis. For me it would make sense to wait for a short entry till we cross the supportline and minimum one candle closes underneath. I know that the support is around 110 pips away from the current course but it seems for me that the chance to loose is much more the the chance to win in this range.

So, for me I have done a pending order sell G/J under 148.80 and I try to have the patience for that.

What did you think about my thoughts?

fx358
P.S. Sorry for any faults in english but it's not my native language
Quoting wrenski
Speaking of Shiko....I got aAttachment post card from him today......

Yeh, but that ain't Shiko in the photo . . . that's a photo his wife took just to show him a man doesn't have to be talking ALL the time.

Just kidding as always, Shiko. You know I can't wait for you to get back . . . no, really, Shiko, really.
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Greetings from Guanajuato, Mexico
Quoting yen44x
No problem, pips info, I was confused long before I met you.

In regard to your post, you addressed it to me, but quoted Wrenski. Just for the record, we are not one and the same, although it is true we've never been seen in the same place at the same time, so who really knows?

I can say we both have an affinity for burros, but I'm a seller and Wrenski is a buyer.

Right, Wrenski???
What a joke!! ..

Wrenski, your name is missing in my previous post... I never met any of you, kekeke...
Quoting pips info
What a joke!! ..

Wrenski, your name is missing in my previous post... I never met any of you, kekeke...
Don't feel bad.....we've never met you either!
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