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4H Box Breakout

  • #4,041
  • Sep 23, 2009 10:43pm Sep 23, 2009 10:43pm
Can we try to cut back on the Bravo Serria a little. That way when we check in on the thread we don't have to wade through hundreds of posts regarding chickens in hottubs and donkeys in Mexico. I'm just saying. You do know about the pm function? I am all for banter but the threads about a trading system.
  • #4,042
  • Sep 23, 2009 10:54pm Sep 23, 2009 10:54pm
Hi Guys,

I had moved my SL to TP1 yesterday, and I just woke up to see it stopped out.

To the person who asked a few psots ago - YES - I was still using the 100% SL for the first breakout.

I have also cancelled my short orders that I had placed. I'll just wait until Sunday again
Just for today, do not worry...
  • #4,043
  • Sep 23, 2009 11:06pm Sep 23, 2009 11:06pm
Quoting 11andy11
Can we try to cut back on the Bravo Serria a little. That way when we check in on the thread we don't have to wade through hundreds of posts regarding chickens in hottubs and donkeys in Mexico. I'm just saying. You do know about the pm function? I am all for banter but the threads about a trading system.
I think the phrase is actually "Bravo Sierra".
Greetings from Guanajuato, Mexico
  • #4,044
  • Sep 23, 2009 11:19pm Sep 23, 2009 11:19pm
Quoting yen44x
I think the phrase is actually "Bravo Sierra".
I couldn't agree more with you.
  • #4,045
  • Sep 23, 2009 11:21pm Sep 23, 2009 11:21pm
Quoting 11andy11
I couldn't agree more with you.
Greetings from Guanajuato, Mexico
  • #4,046
  • Sep 23, 2009 11:36pm Sep 23, 2009 11:36pm
Quoting yen44x
I just got to wondering . . .

Attachment

10 days now without an Ace in this deck . . .
I have not mentioned this before BUT Do you think Ace Is really OZ in disguise and the new system is a pre paid one

I know call me skeptical BUT
I do Good I feel GoodI do Bad I feel Bad
  • #4,047
  • Sep 23, 2009 11:41pm Sep 23, 2009 11:41pm
Andy, just so you know, I understand what you're saying, and I apologize if I'm driving you nuts. I personally find most of the threads on FF boring as can be, and so I try to mix in some fun with my trading.

I do take my trading seriously, though, and I think you'll find I've contributed as many serious posts about this strategy as anyone. But, it's a weekly system based on a mechanical entry. There's only so much that can be said without saying it over and over again.

However, if I'm driving you to distraction, just click on my name and put me on your ignore list. I won't be offended and you won't have to deal with my warped sense of humor. Good trading!
Greetings from Guanajuato, Mexico
  • #4,048
  • Sep 23, 2009 11:44pm Sep 23, 2009 11:44pm
Quoting Offshore
I have not mentioned this before BUT Do you think Ace Is really OZ in disguise and the new system is a pre paid one I know call me skeptical BUT
It's 1:40 in the a.m. here in Mexico and I was just heading off to bed when I read your post. Now, I'm pretty sure I'm going to be having nightmares . . . that is a scary thought.

Thanks a lot, offshore.

Seriously, I don't think that's the case, but wouldn't it be a hoot?
Greetings from Guanajuato, Mexico
  • #4,049
  • Sep 23, 2009 11:55pm Sep 23, 2009 11:55pm
Quoting yen44x
It's 1:40 in the a.m. here in Mexico and I was just heading off to bed when I read your post. Now, I'm pretty sure I'm going to be having nightmares . . . that is a scary thought.

Thanks a lot, offshore.

Seriously, I don't think that's the case, but wouldn't it be a hoot?

1.40 am Good Grief get to bed old man

Attached Image
I do Good I feel GoodI do Bad I feel Bad
  • #4,050
  • Sep 24, 2009 12:08am Sep 24, 2009 12:08am
Quoting yen44x
Andy, just so you know, I understand what you're saying, and I apologize if I'm driving you nuts. I personally find most of the threads on FF boring as can be, and so I try to mix in some fun with my trading.

I do take my trading seriously, though, and I think you'll find I've contributed as many serious posts about this strategy as anyone. But, it's a weekly system based on a mechanical entry. There's only so much that can be said without saying it over and over again.

However, if I'm driving you to distraction, just click on my name and put...
OK. I didn't say you don't contribute to the thread. You may be taking it the wrong way. By the way my short order just got filled.
  • #4,051
  • Sep 24, 2009 12:16am Sep 24, 2009 12:16am
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.

well, it looks like ping pong is the only answer follow the Turtles!!! follow the Turtles
  • #4,052
  • Sep 24, 2009 12:37am Sep 24, 2009 12:37am
Quoting shiko
well, it looks like ping pong is the only answer follow the Turtles!!! follow the Turtles
Ya know, the only real way to make any kind of profit from this in this kind of market is this, now listen carefully, it may just blow your mind. I must note, how to recognize such weeks is difficult, and I will do my best to discover a method that will give us a good indication of how we can deal with this little problem.

Place your buy/sell orders in their respective places, when a trade is triggered (buy in this example), follow it with the Red MA after the Break Even Point (check my 4H Breakout Thread system for settings on this Red MA) and when the price retraces back over the Red MA, place a separate sell order (if your broker allows hedging) and see if the price retraces fully, if it does, close the original buy order at BE and allow the sell order to accumulate profits, again, when the price retraces back over the Red MA, re-place a buy order, do this until the end of the week, and you should have an almost impenetrable system. (I'm going to be checking very carefully if this can also be applied to the original rules without causing any massive loss.)

I must note tho, that the overall success of this system is completely and entirely dependent on hedging, or staring at the screen and somehow just knowing when to get out. Even in 2008, the system would have failed horribly. This says the system is not a long lived system, most simple simple ones aren't, they work for a while, then the market changes, it adapts.
  • #4,053
  • Sep 24, 2009 12:45am Sep 24, 2009 12:45am
Quoting Pharoah
Ya know, the only real way to make any kind of profit from this in this kind of market is this, now listen carefully, it may just blow your mind. I must note, how to recognize such weeks is difficult, and I will do my best to discover a method that will give us a good indication of how we can deal with this little problem.

Place your buy/sell orders in their respective places, when a trade is triggered (buy in this example), follow it with the Red MA after the Break Even Point (check my [url="http://www.forexfactory.com/showthread.php?t=194252"]4H...

i think that cutting losses short and letting profits run when break outs occur is the most important thing with this system. i think 1 box stop loss is a way too much.
  • #4,054
  • Sep 24, 2009 1:27am Sep 24, 2009 1:27am
just hit tp2 on my short. Stop at BE. Strong move down.
  • #4,055
  • Sep 24, 2009 1:33am Sep 24, 2009 1:33am
Quoting shiko
i think that cutting losses short and letting profits run when break outs occur is the most important thing with this system. i think 1 box stop loss is a way too much.
by 1 box stoploss, you mean 100% of the breakout box size I assume, and I agree with you completely and entirely, I'm just suggesting a way that could be beneficial regardless of market conditions. This may just very well be the way.
  • #4,056
  • Sep 24, 2009 1:35am Sep 24, 2009 1:35am
Quoting 11andy11
OK. I didn't say you don't contribute to the thread. You may be taking it the wrong way. By the way my short order just got filled.
Don't mind my asking.
Why did you go short?

Thanks.
  • #4,057
  • Sep 24, 2009 1:39am Sep 24, 2009 1:39am
broke the original 4 hour candle. I trade the 0-4 gmt candle though. Gonna leave the trade on for at least tp3 (if it gets there).
  • #4,058
  • Sep 24, 2009 1:41am Sep 24, 2009 1:41am
Quoting 11andy11
just hit tp2 on my short. Stop at BE. Strong move down.

wow, i was not watching. i am currently long on e/u.
it looks like it is
finally bursting, the fundamental down trend is assuming itself.
i will be waiting for good retracemenfit to enter short after i am done with e/u.
  • #4,059
  • Sep 24, 2009 1:41am Sep 24, 2009 1:41am
Quoting 11andy11
broke the original 4 hour candle. I trade the 0-4 gmt candle though. Gonna leave the trade on for at least tp3 (if it gets there).
So you must be in and out of the market many times in a week, seeing that the market has been ranging.

Am i right?
  • #4,060
  • Sep 24, 2009 1:43am Sep 24, 2009 1:43am
[quote=11andy11;3088703]broke the original 4 hour candle. I trade the 0-4 gmt candle though. Gonna leave the trade on for at least tp3 (if it gets there).[/quote


my gut says you will be in the money this week
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