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4H Box Breakout

  • #4,841
  • Oct 10, 2009 9:04pm Oct 10, 2009 9:04pm
Quoting Pharoah
And last but not least, At least what I'm doing has shown positive results when originally there was none... all your doing is pissing people off...

lol!!! don't get mad. We refer to this as an internet "troll". search it on urban dictionary if you don't know what it is.
Many choose unhappiness over uncertainty.
  • #4,842
  • Oct 10, 2009 9:13pm Oct 10, 2009 9:13pm
"Yes, I'd like 12 cans please" . . .

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Greetings from Guanajuato, Mexico
  • #4,843
  • Oct 10, 2009 9:30pm Oct 10, 2009 9:30pm
Quoting Dan Gilbert
lol!!! don't get mad. We refer to this as an internet "troll". search it on urban dictionary if you don't know what it is.
I'm not getting mad lol, he's a random that IMO has no valuable opinion, just thought I'd throw that one out there... since ya know.. I'm scum lol
  • #4,844
  • Oct 11, 2009 12:26am Oct 11, 2009 12:26am
Sorry guys. Kinda got side-tracked. Catching up on the posts kinda shocked me.

Pharoah man. Glad to see you came back from your near exit. Don't do it. You are too important here and no one, I mean no one of any consequence wants you to leave. I have been down myself and believe me, it isn't fun. I have been wealthy and lost everything but still have my same wife and kids and have recovered very well. It isn't easy but it builds character. The key is to figure out when you have enough character. I have enough and I think you are almost there.

Yen. Your jokes are really really funny but your approach to life, situations, relationships and your fundamental approach to life is profound. I love it. It would be my great pleasure to share a cerveza with you sometime.

Gazmanfx. Get a life. If you have 7 years of experience, either contribute positively or find somewhere else to drown your sorrows. You are obviously one of the those people that simply can't learn from their stupid mistakes and want everyone else to fall down to your own abysmal level. Evolve, don't devolve.

The bottom line is we are all here to learn. If we were expert we would be doing our own thing. Contribute for a positive result. If you simply want to criticize then f.......... - came back to improve my language but lets work to move forward, not to piss on the parade.

Dave R.
  • #4,845
  • Oct 11, 2009 12:33am Oct 11, 2009 12:33am
Quoting droland
Sorry guys....
Thanks, I'm sticking around on a less active basis, I'm taking a small break from my system to get some R&R and some well deserved family time.

Quoting droland
Yen. Your jokes are really really funny but your approach to life, situations, relationships and your fundamental approach to life is profound. I love it. It would be my great pleasure to share a cerveza with you sometime.
This is what I'm saying... Yen is a very wise man, and should not be taken lightly..
  • #4,846
  • Oct 11, 2009 12:47am Oct 11, 2009 12:47am
Quoting Pharoah
Thanks, I'm sticking around on a less active basis, I'm taking a small break from my system to get some R&R and some well deserved family time.



This is what I'm saying... Yen is a very wise man, and should not be taken lightly..
Pharoah

Your family is everything. EVERYTHING. But you can't sacrifice what you do well just to satisfy the wife and kids and mother and father and inlaws. You have to follow your strengths and really, only you know those strengths. I have had many fights with my wife about about what I, with a captial "I" should be doing, but I did follow what I beleived was best.

Super hard choices but I see in you, a clarity of thought that you really do need to follow but if the exigencies of life demand you leave and do something else then that is what you must do.

You can always come back to this when the time is right.

Just my thoughts.

Dave R.
  • #4,847
  • Oct 11, 2009 1:58am Oct 11, 2009 1:58am
Ok guys... I just noticed Gaz made a thread about his version of the "crappy and wasteful breakout system" as he says they are... lets let him be and not say anything to him over there... it'll just be a waste of breath... and succumbing to his desire to get attention.
  • #4,848
  • Oct 11, 2009 5:47am Oct 11, 2009 5:47am
Quoting droland
Sorry guys. Kinda got side-tracked. Catching up on the posts kinda shocked me. Yen. Your jokes are really really funny but your approach to life, situations, relationships and your fundamental approach to life is profound. I love it. It would be my great pleasure to share a cerveza with you sometime. The bottom line is we are all here to learn. If we were expert we would be doing our own thing. Contribute for a positive result.
Dave . . . the thread is not the same without you. You have an innate sense when it's time to step in and restore some calm to the chaos.

That's the only reason I try to create chaos . . . just so you'll step in more often.

I've got a table reserved anytime you'd like to share that cerveza, and it would be my pleasure. What am I saying. . . with Pharoah's "new and improved" method, we won't have to share a beer. . . we can each have our own.
Greetings from Guanajuato, Mexico
  • #4,849
  • Oct 11, 2009 5:57am Oct 11, 2009 5:57am
As everyone can probably tell by now, Pharoah and I have reconciled.

We decided to spend a nice, quiet weekend, renewing our vows and reaffirming our love. You know the story . . . tranquil days spent hand-in-hand, followed by wild, wild nights.

Uh, now that I re-read that last paragraph, I suppose I should add we decided to each do that with our respective wives.

Geez, what were you guys thinking????
Greetings from Guanajuato, Mexico
  • #4,850
  • Oct 11, 2009 8:54am Oct 11, 2009 8:54am
Hello guys, I decided to back test September/ October in 15 minutes time frame and testing only time when I trade. no positions taken in between hours. First of all, on 15 minutes I see things a little bit different from 1-4H. Trades that looked ok on 1-4H could have been lost trades or trades that should not be taken on 15 minutes because of time or because of price action. I also used some % of my discretion knowing myself when I enter trade and when I am not but mostly entering on signal. which I set as additional rule now.
Now, with this, September / October.
Total: 2720 pips won. 700 pips lost. with 1% risk and with $20 per pip it would be $27 200 won, $14 000 lost. Net : $13 200 or 13.2%.
But here is the catch: Practically all this money were made in few big moves.
Hadn't these moved happened we would be either in small loss, BE or small profit. there were 4 150 pips wins, 1 240 pips and 1 530 pips.
there were times that I had 6 losses in a row. it is for those risking 4% per trade...
  • #4,851
  • Oct 11, 2009 9:04am Oct 11, 2009 9:04am
Quoting shiko
Hello guys, I decided to back test September/ October in 15 minutes time frame and testing only time when I trade. no positions taken in between hours. First of all, on 15 minutes I see things a little bit different from 1-4H. Trades that looked ok on 1-4H could have been lost trades or trades that should not be taken on 15 minutes because of time or because of price action....
Exactly, it relies on the first Breakout to be that huge move, this is not the case, nearly ever, I'd say it's more rare to have a huge move that starts at the beginning of the week than it is to have 4 weeks in a row range.

The problem is the market has become ranged, it's not moving anywhere, which is murder for a breakout system of this kind.
  • #4,852
  • Oct 11, 2009 12:09pm Oct 11, 2009 12:09pm
Quoting Pharoah
Exactly, it relies on the first Breakout to be that huge move, this is not the case, nearly ever, I'd say it's more rare to have a huge move that starts at the beginning of the week than it is to have 4 weeks in a row range.

The problem is the market has become ranged, it's not moving anywhere, which is murder for a breakout system of this kind.
Hence taking partial profits and collecting some pips on occasional bigger than usual move sin our direction to keep things clicking.
This will keep us DD free may be with small profit or BE before that big move comes. All break out systems depends upon these few moves but the point is to keep account safe enough to benefit from breakouts.
I have been thinking, when we have true break out doesn't adding to wining position to increase returns in good times sound reasonable. I wonder how it can be implemented.
For example. We have position opened. It hit predetermined target, 50% position closed and stop loss moved to BE. Now price made big move and we are at TP2. We move stop loss say to TP1 and open one more position with usual rules and if it hits target it is again take 50% of the position as profit and stop loss to BE.
It is just a thought.
  • #4,853
  • Oct 11, 2009 12:52pm Oct 11, 2009 12:52pm
Quoting Gazmanfx
I will not read the entire thread. I have spent 7 years rading and participating in forex forums. They normally start of with a system that had a good run and a bunch of wide eyed newbies then after some time the system fails all the newbies bail out and the system start to work again and a whole bunch of new newbies are there wide eyed and ready to lose as much money as the first lot.

What I am interested in is solid result from a serious trader using real money. If you want to share that info that would be great. Otherwise this is just another...
It is your right to decide whether to read or not to read a thread. I will not deny that to you. To act as if you deserve that this thread's information be summarized for you and given to you on a silver platter is simply too far. You do not deserve any special treatment. Nobody here owes you anything.

Quoting Gazmanfx
You uses to be a brroker and now you hang out at forex factory looking at some lame 4hr box breakout. Ha ha ha another delusional Newbie.

After 7 years nothing has changed. Newbies are still lazy and want to be served up a system on a plate and are unprepared to work for anything. That's why you have no idea and no money.

You are just another loser criticizing anyone who has has more sense than you. That sound like a real winning strategy. Loser!
If you are the 7 year veteran that you claim to be, then by gosh I'm wondering what you're still doing perusing forums instead of enjooying your millions. You either are:

 

  1. Incredibly charitable and helpful---which you aren't
  2. Just another forex richguy wannabe who got burned.


Quoting Gazmanfx
Making money in forex is easy! But the people making indicators and the people running forums and the people selling books and courses and the brokers are all there to make you believe it's hard and take your money.

Why else would you be sitting there buying this crap about the magical powers of the first 4HR bar of the week. Because you are educated to be a sucker and that's exactly what you are.

To make money in forex the first thing you need to do is pull your head out of the sand and listen to logic and stop spreading your ignorance like an...
Interesting passage, you say. " to not sit around talking smack to a bunch of ignoarant fools about the magical powers of the first 4HR bar of the week" and yet, here you are! You're sitting--presumably--talking smack about a system.

Quoting Gazmanfx
It's very sad that you have to use attack people personally because your system stinks. I did get divorced and I did lose all of my account based on the misinformation I learnt from all the losers on forums like these. It's only when I went and did a real course that I learned the forex is all about money management. I now trade for a living inspite of all the bulldust I found on forums like this and crap that spews from mouths like yours.

You are just as ignorant as the rest of them with your variation on the holy 4hr bar. Using ma as a stop?...
Your spelling aside, you clearly are angry about something. Although I am an advocate for venting anger, I suggest you do it in a more productive way. E.G. making more pips. Please do us and you a favor, and quit fighting.

Quoting Gazmanfx
Money man I can see you are new here and y man I can see you are new here and perhaps not eefected by all the misinformation as yet. I will PM you the system on the one condition you don't share it with anyone else.

Peace
Gaz

Weren't you against lazy newbies?
  • #4,854
  • Oct 11, 2009 1:29pm Oct 11, 2009 1:29pm
Quoting shiko
But here is the catch: Practically all this money were made in few big moves.
Hadn't these moved happened we would be either in small loss, BE or small profit. there were 4 150 pips wins, 1 240 pips and 1 530 pips.
there were times that I had 6 losses in a row. it is for those risking 4% per trade...
Hi Shiko, Thats the only thing that worries me about this system relying on big moves.

I also have done a course ( who hasn't) but they where really strict on the first move should be a R/R of 1:1 then after that what ever is gained is a bonus .
So I try to open two posistions the first is 1:1 and the second I manage as per Pharoahs smart stops.


BUT we need a trending market
I do Good I feel GoodI do Bad I feel Bad
  • #4,855
  • Oct 11, 2009 2:37pm Oct 11, 2009 2:37pm
Quoting Offshore
Hi Shiko, Thats the only thing that worries me about this system relying on big moves.

I also have done a course ( who hasn't) but they where really strict on the first move should be a R/R of 1:1 then after that what ever is gained is a bonus .
So I try to open two posistions the first is 1:1 and the second I manage as per Pharoahs smart stops.


BUT we need a trending market
According to back testing money would be made even without these big moves but not much.
I use predetermined stops and I trade manually and follow the trades.
Today I will start trading according to my rules and we will see over few months how things are going. I need good break out strategy as part of my portfolio. I think every trader aspiring to be professional trader and trade OPM has to have few woorking strategies so that no changes in market could surprise him.
  • #4,856
  • Oct 11, 2009 2:48pm Oct 11, 2009 2:48pm
By the way, for those who trade FXDD. I also trade with Oanda. GBP/ JPY and EUR/ JPY made huge second 1H candles down. Both of almost 100 pips and retraced a little.
  • #4,857
  • Oct 11, 2009 3:00pm Oct 11, 2009 3:00pm
and the funniest thing Japan has bank holiday.
  • #4,858
  • Oct 11, 2009 3:04pm Oct 11, 2009 3:04pm
Quoting shiko
and the funniest thing Japan has bank holiday.
I'm starting to wonder if there are less weeks without a JPY holiday than there are with a JPY holiday...
  • #4,859
  • Oct 11, 2009 5:06pm Oct 11, 2009 5:06pm
Quoting Pharoah
I'm starting to wonder if there are less weeks without a JPY holiday than there are with a JPY holiday...

Canada and USA have bank holidays as well
ok, here we go for turkey and Japanese? Mc Sushi?
  • #4,860
  • Oct 11, 2009 5:13pm Oct 11, 2009 5:13pm
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