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4H Box Breakout

  • #4,021
  • Sep 23, 2009 5:45am Sep 23, 2009 5:45am
Long position just touched TP1, moved Stop loss to breakeven

edit: @yen44x - this was the same 4H box that was created on Sunday eve/Monday morn - on the FXDD platform
Just for today, do not worry...
  • #4,022
  • Sep 23, 2009 7:52am Sep 23, 2009 7:52am
Quoting yen44x
Just out of curiosity, now that the bank holidays are over in Japan, did anyone use today's 4H box to set trades?

I am still letting my EA control my trading this week. I have two 1 pip long trades thus far and I am currently in a +85 pip long trade with SL set at +20.
  • #4,023
  • Sep 23, 2009 8:05am Sep 23, 2009 8:05am
Quoting faxfxfx
Long position just touched TP1, moved Stop loss to breakeven. edit: @yen44x - this was the same 4H box that was created on Sunday eve/Monday morn - on the FXDD platform
Good for you! It's nice to see some positive movement . . . you must still be using a 100% SL or close to it in order to have survived this trade.

As I mentioned earlier in the week, I re-entered today based on the Japan bank holiday ending. So far, so good . . . I closed one lot at +60 and the other is running at +48.

BTW, closing the first lot at +60 has nothing to do with original rules . . . I'm just tinkering with some ideas based on ATR. Well, excuse me, I feel the urge to go tinker again.
Greetings from Guanajuato, Mexico
  • #4,024
  • Sep 23, 2009 8:13am Sep 23, 2009 8:13am
Quoting wrenski
I am still letting my EA control my trading this week. I have two 1 pip long trades thus far and I am currently in a +85 pip long trade with SL set at +20.
Nice, Wrenski. Does the EA re-enter you in the same direction multiple times? To clarify, you mentioned you were in two long trades already this week, so this is #3 if I'm following correctly . . . the EA does that for you?

If so, is there a way to change the settings so you can choose not to be in multiple trades when the pair is ranging as it has been doing?
Greetings from Guanajuato, Mexico
  • #4,025
  • Sep 23, 2009 8:45am Sep 23, 2009 8:45am
Quoting yen44x
Nice, Wrenski. Does the EA re-enter you in the same direction multiple times? To clarify, you mentioned you were in two long trades already this week, so this is #3 if I'm following correctly . . . the EA does that for you?

If so, is there a way to change the settings so you can choose not to be in multiple trades when the pair is ranging as it has been doing?
Yes, you can set the number of trades you take in a week and if you want you can select if you only want longs or shorts.

To answer you first question: once PA goes back below your entry point and closes a candle it will get you back in a again. It is RR's EA, I am sure he can shed more light on it. Yes this is my third long trade this week.
  • #4,026
  • Sep 23, 2009 8:49am Sep 23, 2009 8:49am
Quoting wrenski
Yes, you can set the number of trades you take in a week and if you want you can select if you only want longs or shorts.

To answer you first question: once PA goes back below your entry point and closes a candle it will get you back in a again. It is RR's EA, I am sure he can shed more light on it.
Thanks, old friend.

Uh, Wrenski, I actually need some shorts right now (things are harder to find here in Mexico) . . . Could your EA help me with that?

On a trading note, I'm now at +80 on the second lot, so you should be at +100 or better, right?
Greetings from Guanajuato, Mexico
  • #4,027
  • Sep 23, 2009 8:49am Sep 23, 2009 8:49am
Quoting yen44x
Thanks, old friend.

Uh, Wrenski, I actually need some shorts right now (things are harder to find here in Mexico) . . . Could your EA help me with that?
Would you like clean or slightly soiled shorts?
  • #4,028
  • Sep 23, 2009 8:51am Sep 23, 2009 8:51am
Quoting wrenski
Would you like clean or slightly soiled shorts?
Deep South humor . . .
Greetings from Guanajuato, Mexico
  • #4,029
  • Sep 23, 2009 9:01am Sep 23, 2009 9:01am
We are getting sophisticated down here. For our hot tub, we use to sit in a mud puddle and break wind. Now we bought one of those fancy new hot tubs.
Attached Image
  • #4,030
  • Sep 23, 2009 7:02pm Sep 23, 2009 7:02pm
Quoting wrenski
We are getting sophisticated down here. For our hot tub, we use to sit in a mud puddle and break wind. Now we bought one of those fancy new hot tubs.
  • #4,031
  • Sep 23, 2009 9:57pm Sep 23, 2009 9:57pm
I just got to wondering . . .

Attached Image (click to enlarge)
Click to Enlarge Name: is-there-anybody-out-there.jpg Size: 69 KB


10 days now without an Ace in this deck . . .
Greetings from Guanajuato, Mexico
  • #4,032
  • Sep 23, 2009 10:06pm Sep 23, 2009 10:06pm
I saw he was in the thread today, was gonna say somethin, but didn't know if he idles here or not, he's just in hiding for whatever reason.

I personally think he's abandoned this system and is working on the new one.
  • #4,033
  • Sep 23, 2009 10:12pm Sep 23, 2009 10:12pm
Quoting Pharoah
I saw he was in the thread today, was gonna say somethin, but didn't know if he idles here or not, he's just in hiding for whatever reason.

I personally think he's abandoned this system and is working on the new one.
Could be, and that's certainly his prerogative, but an "adios" would be nice. One develops a certain affinity for traders we exchange messages with almost daily, but as long as he's healthy and sound, that's all that matters.

This is not a system that requires a lot of babysitting from the creator of the thread, but my observation from past experience is that threads don't usually last long once the creator moves on.
Greetings from Guanajuato, Mexico
  • #4,034
  • Sep 23, 2009 10:18pm Sep 23, 2009 10:18pm
Quoting yen44x
Could be, and that's certainly his prerogative, but an "adios" would be nice. One develops a certain affinity for traders we exchange messages with almost daily, but as long as he's healthy and sound, that's all that matters.

This is not a system that requires a lot of babysitting from the creator of the thread, but my observation from past experience is that threads don't usually last long once the creator moves on.
90% or more that OP's move on from go to the "graveyard"
  • #4,035
  • Sep 23, 2009 11:41pm Sep 23, 2009 11:41pm
Quoting wrenski
We are getting sophisticated down here. For our hot tub, we use to sit in a mud puddle and break wind. Now we bought one of those fancy new hot tubs.
Wrenski . . . you're moving on up for sure.

I gotta admit . . . the new one's nicer, but I still have fond memories of your old hot tub . . . Those were the days.
Attached Image
Greetings from Guanajuato, Mexico
  • #4,036
  • Sep 23, 2009 11:44pm Sep 23, 2009 11:44pm
Quoting yen44x
I just got to wondering . . .

Attachment

10 days now without an Ace in this deck . . .

Ya know, I think he completely took the worth of this system with him when he left lol, this is what, week 5 in a row where there's been loss or BE.
  • #4,037
  • Sep 23, 2009 11:44pm Sep 23, 2009 11:44pm
Trade Update . . .

As I mentioned before, I placed a new trade once the Japan banks reopened.
The first lot closed at +60, and the second was stopped out at BE. It's been a while since a trade closed positive, so hopefully that's a good sign for next week.
Greetings from Guanajuato, Mexico
  • #4,038
  • Sep 23, 2009 11:46pm Sep 23, 2009 11:46pm
Quoting Pharoah
Ya know, I think he completely took the worth of this system with him when he left lol, this is what, week 5 in a row where there's been loss or BE.
For me, it was a 5-week losing streak. Thank goodness it's a once-a-week system or I'd really be singing the blues ... the other saving grace was reducing the SL dramatically and giving up on second trades for the week.
Greetings from Guanajuato, Mexico
  • #4,039
  • Edited Sep 24, 2009 12:14am Sep 23, 2009 11:48pm | Edited Sep 24, 2009 12:14am
Hey, Wrenski, I heard you had some hot chicks over to check out the new tub last night . . .
Attached Image
Greetings from Guanajuato, Mexico
  • #4,040
  • Sep 23, 2009 11:50pm Sep 23, 2009 11:50pm
Quoting yen44x
For me, it was a 5-week losing streak. Thank goodness it's a once-a-week system or I'd really be singing the blues . . . the other saving grace was reducing the SL dramatically and giving up on second trades for the week.
Ya, my variation has saved me from great loss a number of times too, I wish for the appearance of my system (or at least proper comparison to the original one) that I didn't post my system until after this crazy time. My system posted here on FF uses the exact same entry as this, but I've noted considerably less of a loss because in most cases, my stoploss is pulled to BE within 2-3 bars.
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