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0400-0700 GMT Breakout Strategy

  • #2,221
  • Jan 14, 2010 7:55am Jan 14, 2010 7:55am
s/l hit

not a good day for trading today
"The person who knows that enough is enough, will always have enough". .
  • #2,222
  • Jan 14, 2010 9:06am Jan 14, 2010 9:06am
Quoting Misiacyk
Same to me but i'm not disscouraged. Biggest consecutive looses ammoun last year was 7 with this method (only losses and BE). One win and we are in plus

Misiacyk
im not discouraged either thats why I love this strategy SL is small and TP is big so can afford to lose a few in a row then win 1 and be up or BE. I'll keep plugging away at it
  • #2,223
  • Jan 14, 2010 3:40pm Jan 14, 2010 3:40pm
Hi,

I've read about this strategy and it looks good to me. I know losses belong to trading, no doubt about. However, has anyone made any experience by using a filter as a supportive indicator/solution to a given breakout? I'm using 3LZZ (a ZZ semafor) on my chart and thinking of combining them.

Best,
L
  • #2,224
  • Jan 14, 2010 3:51pm Jan 14, 2010 3:51pm
Mr Krebs,

have you read the thread at all??

The filters that are used and the reasons they are used are all within these pages.......

Grant
  • #2,225
  • Jan 14, 2010 3:59pm Jan 14, 2010 3:59pm
Thank you for your advice, I'll immediately start.

Best,
L

Quoting grant18265
Mr Krebs,

have you read the thread at all??

The filters that are used and the reasons they are used are all within these pages.......

Grant
  • #2,226
  • Jan 15, 2010 6:40am Jan 15, 2010 6:40am
grant no trade today

scull ep 1.6298
tp 1.6268 for 30 pips hit just if your broker like tradefair has 2 pip spread or missed so far and you are still in the trade
sl 1.6338 40 pips

please correct me if am wrong
"The person who knows that enough is enough, will always have enough". .
  • #2,227
  • Jan 15, 2010 6:47am Jan 15, 2010 6:47am
maq,

correct no trade using the Grant method.

my scull trade hit TP but only just..

cheers

Grant
  • #2,228
  • Jan 15, 2010 7:00am Jan 15, 2010 7:00am
correction on sculls 8.00am bar low of 1.6297 would has been enterie 1.6298
8.45am bar hit 1.6337+ spread and turned to be a loser just with a 40 pips sl

Quoting grant18265
maq,

correct no trade using the Grant method.

my scull trade hit TP but only just..

cheers

Grant
"The person who knows that enough is enough, will always have enough". .
  • #2,229
  • Jan 15, 2010 7:26am Jan 15, 2010 7:26am
Quoting maq
correction on sculls 8.00am bar low of 1.6297 would has been enterie 1.6298
8.45am bar hit 1.6337+ spread and turned to be a loser just with a 40 pips sl

I use Oanda....it missed TP by 2 pips. But I closed for 21+ when I saw price stall and consolidate. It's Friday so take what is offered.
  • #2,230
  • Jan 16, 2010 9:04am Jan 16, 2010 9:04am
Quoting Misiacyk
Same to me but i'm not disscouraged. Biggest consecutive looses ammoun last year was 7 with this method (only losses and BE). One win and we are in plus

Misiacyk
Hello,
I would love to see your backtest for last year

cheers
  • #2,231
  • Jan 18, 2010 5:40am Jan 18, 2010 5:40am
Grant,

I was wondering, since today has triggered but not hit BE or TP yet, I was thinking that a while ago you posted a time that you take your trade out? I can't find it so I don't know if I dreamed it up or not, lol. was hoping for some clarification.

Thanks
  • #2,232
  • Jan 18, 2010 5:52am Jan 18, 2010 5:52am
HI,

i only have a time limit on the order being triggered, not one if the trade is open, i let it ride 1 way or the other...

cheers

Grant
  • #2,233
  • Jan 18, 2010 6:07am Jan 18, 2010 6:07am
grant

1.6317 + buffer 7 = ep 1.6324
high of 1.6377
be 1.6324
out for be today as it just hit 1.6323

please correct me

also

scull wins
"The person who knows that enough is enough, will always have enough". .
  • #2,234
  • Jan 18, 2010 6:43am Jan 18, 2010 6:43am
maq,

i had 1.6325 but yes BE by a pip....

cheers

Grant
  • #2,235
  • Jan 18, 2010 7:47am Jan 18, 2010 7:47am
TP hit on Scull's version
  • #2,236
  • Jan 18, 2010 8:54am Jan 18, 2010 8:54am
Like many others i read the whole thread and chose what looked best for me.
GBP/USD
4am - 7am
H: 1.6317
offset: 10
SL: 1.6269

buy: 1.6327
TP: 30 pips : 1.6363 (give or take a few)

As i'm just testing, it's on a demo. I do have a 80ema on my chart 15min chart which is equivalent to my 20ema on the 1h chart but decided not to worry about it for now.
  • #2,237
  • Jan 18, 2010 10:19am Jan 18, 2010 10:19am
Quoting grant18265
HI,

i only have a time limit on the order being triggered, not one if the trade is open, i let it ride 1 way or the other...

cheers

Grant
Thought I had made it up, thanks
  • #2,238
  • Jan 18, 2010 2:26pm Jan 18, 2010 2:26pm
Quoting grant18265
maq,

i had 1.6325 but yes BE by a pip....

cheers

Grant
hi grant i thought today would be a no trade as the 85 ema was in the box, just interested,however i took the 5-7.15 box for +25 and +50 pips so agood day anyway
  • #2,239
  • Jan 18, 2010 2:36pm Jan 18, 2010 2:36pm
Hi Kiwi,

attached is what i saw this morning

cheers

Grant
Attached Image (click to enlarge)
Click to Enlarge Name: 180110.gif Size: 23 KB
  • #2,240
  • Jan 18, 2010 3:02pm Jan 18, 2010 3:02pm
Quoting grant18265
Hi Kiwi,

attached is what i saw this morning

cheers

Grant
Hi Grant,
can you post your settings here please,what time you are using and what moving which frame.i just started reading the thread 150 pages not easy thats why am asking about the best settings and the result.
thanks
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