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4H Box Breakout

  • #4,261
  • Sep 27, 2009 10:12pm Sep 27, 2009 10:12pm
Quoting azjeff
He Split. Adios, Hasta la Vista
Que le vaya bien . . .
Greetings from Guanajuato, Mexico
  • #4,262
  • Sep 27, 2009 10:17pm Sep 27, 2009 10:17pm
Quoting mik1974
where are you ACE???
Calm down, mik. While it's always better to have the creator of the thread active, what difference does it really make with this system? This system is easy to understand, all the questions have probably been asked by now, and everyone who's traded the system any length of time should be comfortable with it.

If you just need someone to talk to, Shiko's on the thread 24/7 . . . just fire away with anything that's on your mind.
Greetings from Guanajuato, Mexico
  • #4,263
  • Sep 27, 2009 10:18pm Sep 27, 2009 10:18pm
Only ace can answer if his trading went well since he split, lol
Reminds me of the old oz days when he would take off for a little while
and everyone would say where are you, lol.

Regards,
Jeff

Quoting yen44x
Que le vaya bien . . .
  • #4,264
  • Sep 27, 2009 10:31pm Sep 27, 2009 10:31pm
I think he leave this forum, because many of you too much talking about nothing. its not thread about this great system now. this is the reason.....
  • #4,265
  • Sep 27, 2009 10:34pm Sep 27, 2009 10:34pm
Quoting mik1974
I think he leave this forum, because many of you too much talking about nothing. its not thread about this great system now. this is the reason.....
And I think you don't have a clue why he left the thread.
Greetings from Guanajuato, Mexico
  • #4,266
  • Sep 27, 2009 10:40pm Sep 27, 2009 10:40pm
Quoting mik1974
I think he leave this forum, because many of you too much talking about nothing. its not thread about this great system now. this is the reason.....
This is a 4H Weekly system... without the talk about nothing, the thread would fall into the pages. I'd place money that it has nothing to do with "useless post's" because these "useless posts" saved this thread through the 4 week loosing streak.

Maybe he left because he felt people were putting words in his mouth (case in point)
  • #4,267
  • Sep 27, 2009 10:43pm Sep 27, 2009 10:43pm
Quoting Pharoah
Maybe he left because he felt people were putting words in his mounts (case in point)
Yes, I totally prefer silent "mounts".

I agree completely with your post, Pharoah, but I just couldn't resist an opening that big. Sorry about that.
Greetings from Guanajuato, Mexico
  • #4,268
  • Sep 27, 2009 10:46pm Sep 27, 2009 10:46pm
Quoting Pharoah
This is a 4H Weekly system... without the talk about nothing, the thread would fall into the pages.
Back to the serious point of your post . . . even the most diehard, dedicated 4H Box Breakout devotee would find it hard to talk about nothing but trades on a weekly system IMO. Early in the week, maybe, but you can only talk about trades so long, especially when many of them were ending on Monday and Tuesday for a long while.
Greetings from Guanajuato, Mexico
  • #4,269
  • Sep 27, 2009 10:46pm Sep 27, 2009 10:46pm
Quoting yen44x
Yes, I totally prefer silent "mounts".

I agree completely with your post, Pharoah, but I just couldn't resist an opening that big. Sorry about that.
Yeah, u caught me before I could edit it rofl.
  • #4,270
  • Sep 27, 2009 10:50pm Sep 27, 2009 10:50pm
Quoting Pharoah
Yeah, u caught me before I could edit it rofl.
Oh, believe me, I was typing as fast as I could . . . opportunities like that don't come up every day.
Greetings from Guanajuato, Mexico
  • #4,271
  • Sep 27, 2009 10:50pm Sep 27, 2009 10:50pm
Hey guys,

Can i know what is the entry for today?? I need to double check, pls advise. Thanks.

hmmmm......it's rather confused here......do we still stick to Ace's system????
  • #4,272
  • Sep 27, 2009 10:51pm Sep 27, 2009 10:51pm
Quoting mik1974
I think he leave this forum, because many of you too much talking about nothing. its not thread about this great system now. this is the reason.....
this thread is alive cause we have Yen
how much is it possible to talk back testing. this has been done. just keep entering trades an
d enjoy Yen's humor along with occasional buritto
  • #4,273
  • Sep 27, 2009 10:51pm Sep 27, 2009 10:51pm
Quoting yen44x
Back to the serious point of your post . . . even the most diehard, dedicated 4H Box Breakout devotee would find it hard to talk about nothing but trades on a weekly system IMO. Early in the week, maybe, but you can only talk about trades so long, especially when many of them were ending on Monday and Tuesday for a long while.
Exactly, Granted, when the market is favoring this system, nobody can talk enough about the trades.

"OMG it's STILL GOING STRONG" post's every few minutes by the same people over and over again, which is normally everybody. But in a loosing streak, people talk about the first 2 weeks trades, then nobody says anything other than jokes back and forth, the occasional trade post.
  • #4,274
  • Sep 27, 2009 10:57pm Sep 27, 2009 10:57pm
Quoting fxann
Hey guys,

Can i know what is the entry for today?? I need to double check, pls advise. Thanks.

hmmmm......it's rather confused here......do we still stick to Ace's system????
The box is HUGE this week, buffer high at 143.33, buffer low at 139.51, there was no entry today on GBPJPY.

there are a number of variations, SAR is one I believe I heard floating around, My MA exit system (smartstop) Yen uses 50% box size SL, some people include close half profit on TP1, it varies now, there are many variations of this system. All will improve the potential R:R of the core SL 100% Box distance.
  • #4,275
  • Sep 27, 2009 10:58pm Sep 27, 2009 10:58pm
While you're on-line, Pharoah, let me run something by you regarding your Smart Stop system.

There have been a few posts regarding the complete lack of correlation between the box size and the potential of the trade, as well as the lack of need for a full 100% SL. There have been posts as well indicating that if a trade goes 70 pips against you (more or less), there's very little chance of it turning around.

With all that said, if I chose to use a static SL or a trailing stop of 60-70 pips, do you see any disadvantages with combining that technique and then incorporating your Smart Stop system once the trade is profitable?

From what I see, that's where the huge advantage of your method really comes into play. Rather than targeting a specific price, only to watch the trade move several hundred pips more, your method seems to allow the potential for the trade to fully mature, which is a great idea.
Greetings from Guanajuato, Mexico
  • #4,276
  • Sep 27, 2009 11:01pm Sep 27, 2009 11:01pm
Quoting shiko
this thread is alive cause we have Yen
You're right, Shiko, without Yen we'd be trading GBP/---.
Greetings from Guanajuato, Mexico
  • #4,277
  • Sep 27, 2009 11:02pm Sep 27, 2009 11:02pm
Quoting yen44x
While you're on-line, Pharoah, let me run something by you regarding your Smart Stop system.

There have been a few posts regarding the complete lack of correlation between the box size and the potential of the trade, as well as the lack of need for a full 100% SL. There have been posts as well indicating that if a trade goes 70 pips against you (more or less), there's very little chance of it turning around.

With all that said, if I chose to use a static SL or a trailing stop of 60-70 pips, do you see any disadvantages with combining that technique...
Yes, I completely encourage you to incorporate my smartstop once your trailing stop hits BE. And you're exactly right yen, because the position of the Black MA in my system, it allows for the real market movement, not limiting the trade to a take profit point, but letting it run to TP8? TP10? TP14?? Never know, markets can do that kind of stuff, and my smartstop is designed to capture 90+% of it.
  • #4,278
  • Sep 27, 2009 11:09pm Sep 27, 2009 11:09pm
Quoting Pharoah
Yes, I completely encourage you to incorporate my smartstop once your trailing stop hits BE. And you're exactly right yen, because the position of the Black MA in my system, it allows for the real market movement, not limiting the trade to a take profit point, but letting it run to TP8? TP10? TP14?? Never know, markets can do that kind of stuff, and my smartstop is designed to capture 90+% of it.
Thanks Pharoah . . . you answered most of my question but I should have been a little clearer on one aspect of the question.

What I'm also asking is if you see any disadvantages to ignoring the first part of your instructions regarding setting the SL and instead just substituting a static SL or trailing stop of 60-70 pips?

I see two advantages (at least for me):

1. It's simpler, but still accomplishes what I need.
2. A SL of larger than 60-70 pips doesn't seem to offer any additional advantages in the vast majority of trades.

I'd appreciate your feedback on that. Thanks.
Greetings from Guanajuato, Mexico
  • #4,279
  • Sep 27, 2009 11:13pm Sep 27, 2009 11:13pm
Quoting yen44x
Thanks Pharoah . . . you answered most of my question but I should have been a little clearer on one aspect of the question.

What I'm also asking is if you see any disadvantages to ignoring the first part of your instructions regarding setting the SL and instead just substituting a static SL or trailing stop of 60-70 pips?

I see two advantages (at least for me):

1. It's simpler, but still accomplishes what I need.
2. A SL of larger than 60-70 pips doesn't seem to offer any additional advantages in the vast majority of trades.

I'd...
Oh, sorry, Yes, I would agree, because in most cases, if a price is going to retrace that far against an existing trend it's more or less a general sign of reversal or a range. So setting a trailing stop to approx 70 pips is smart. But would require testing, but visually it appears rather sound.
  • #4,280
  • Sep 27, 2009 11:16pm Sep 27, 2009 11:16pm
Quoting Pharoah
Oh, sorry, Yes, I would agree, because in most cases, if a price is going to retrace that far into an existing trend it's more or less a general sign of reversal or a range. So setting a trailing stop to approx 70 pips is smart. But would require testing, but visually it appears rather sound.
Thanks my man . . . I was looking forward to taking your method out for a "test drive" this week, but I think I'm taking this week off after looking at that huge candle.
Greetings from Guanajuato, Mexico
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