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0400-0700 GMT Breakout Strategy

  • #2,381
  • Edited 8:12am Jan 28, 2010 7:05am | Edited 8:12am
Quoting robl45
by slope, do you mean the way the ema is pointing or are you talking about the slope indicators?

in your post it says you put the 85 ema on and bought when it was blue and sold when it was red.
just to be clear on the indicators the slope indicator changes colour from blue to red, as price action changes,
blue for long
red for short.
and changes depending on your input settings see back in the thread for what different people have done, i personally dont place too much weight on it just a rough guide to help you see the trend.

the 85 EMA is always 1 colour like all moving averages on MT4, you select the colour you wish to use when you drop it or add it to your chart. it does not repaint or change colour only draws a line to average out the price action that has taken place the bigger the number the slower and less dramatic the change in direction of the line.

had a good win on Sculls breakout today no trade for grants but also was already long the g/u before that, so a "nice clean" profitable day
  • #2,382
  • Jan 28, 2010 7:09am Jan 28, 2010 7:09am
Quoting Scullmeister
Hi Hova, many thanks for the above.

Does this take into account moving SL to B/E @ 25 and also cancelling pending orders if not activated before 0900hrs London time ( you need to account for daylight changes etc, etc)? Does it also include not trading if EMA is running through the box?

I notice 2005, 2006 and 2007 are not great. Have i read it right, i.e. only 525 pips for 2005, 360 pips for 2006 & 390 pips for 2007? Seems a lot lower than the other years -...
this is without moving SL to B/E and i cancell @ 17:00 GMT+1
No daylight changes.
And yes, no trade if EMA is in the box.
2005-2007 are low because i havent used to move SL to B/E

I would definetly recommend to move SL to B/E @ ~25 pips !!
preserve capital is my first rule.
Never whishing, always trading.
  • #2,383
  • Jan 28, 2010 9:27am Jan 28, 2010 9:27am
hie there all. May i know anybody using fxcm platform? i still cant figure out which time should i look for.
  • #2,384
  • Jan 28, 2010 10:14am Jan 28, 2010 10:14am
I just use the emas (144 and 169 ema) on the 5-7 Breakout charts to spot trouble areas of support or resistance. You are right, I wouldn't predict the market based on these two emas. I didn't want to talk additional details about the rules from the original method as respect to the whole thread, but I think a little additional reading might well serve others as an extra tool for trading the forex. I put it in a word document to be more discreet, find it attached to this post.

Quoting matlobien
Today you would have made a killing taking the bounce of your EMA supports.

I used to trade like this and once doubled my account in one month, just to loose it all the next.

I fell in the trap of thinking I can predict the market.

If you scroll back you will see a lot of tines the market does not respect these levels.

Maybe there is a way to profit from these EMA's, but for newbies this is very dangerous if you don't know what you are doing.

Maybe you can come up with some fixed rules to help us more.

Attached File(s)
File Type: doc Vegas 1 Hour Tunnel Method.doc   54 KB | 508 downloads
  • #2,385
  • Jan 28, 2010 11:35am Jan 28, 2010 11:35am
You will be please to hear that requests for refunds for the $49 breakout system started on this thread are being granted. Via plimus and paypal.

Traders who purchased this system in error believing it to be a new unique trading method are receiving their money back.

Kaylan
  • #2,386
  • Jan 28, 2010 12:56pm Jan 28, 2010 12:56pm
Quoting Kaylan
You will be please to hear that requests for refunds for the $49 breakout system started on this thread are being granted. Via plimus and paypal.

Traders who purchased this system in error believing it to be a new unique trading method are receiving their money back.

Kaylan
Excellent news, what an idiot this person was!
Trade the price action, not the cash!!!
  • #2,387
  • Jan 28, 2010 1:03pm Jan 28, 2010 1:03pm
Quoting Kaylan
You will be please to hear that requests for refunds for the $49 breakout system started on this thread are being granted. Via plimus and paypal.

Traders who purchased this system in error believing it to be a new unique trading method are receiving their money back.

Kaylan

That is great to hear
  • #2,388
  • Edited 1:23pm Jan 28, 2010 1:09pm | Edited 1:23pm
Quoting Cmartin371
That is great to hear
Originally Posted by Kaylan http://cdn.forexfactory.com/images/buttons/viewpost.gif
You will be please to hear that requests for refunds for the $49 breakout system started on this thread are being granted. Via plimus and paypal.

Traders who purchased this system in error believing it to be a new unique trading method are receiving their money back.

Kaylanhttp://cdn.forexfactory.com/images/smilies/yim/cool.gif


ahh might be time for me to post on the donna forex forum again then just to advertise this fact, what a clown.

this is the last page of Donnas forum she is full of integrity but you will find the discussions of the guy who is, maybe more relevant to say was selling the system. and by the way i know Grant wont mind me saying this he didnt invent the breakout system, but he has displayed his settngs for all to see here on FF and this guy has ripped off Grants specific setitng gs and indicatoprs for the way he trades the box its not selling the reakotu box thats the issue, its the fact he has by way of a funny coincidence used exactly grants settings and also only started selling it recently

heres the forum link

http://www.donnaforex.com/forum/index.php?topic=1815.75
  • #2,389
  • Jan 28, 2010 1:37pm Jan 28, 2010 1:37pm
I am glad not everyone is a fool and stupid to pay some Dishonest Rat for a system that was meant to be FREE for everyone.

I hope Scull and other great contributors dont give up sharing their findings and teaching us to be better traders.

Quoting Scullmeister
Excellent news, what an idiot this person was!
  • #2,390
  • Jan 28, 2010 1:47pm Jan 28, 2010 1:47pm
Kaylan,

good news, thanks for the info....

cheers

Grant
  • #2,391
  • Jan 28, 2010 2:32pm Jan 28, 2010 2:32pm
i like her sales page
"The person who knows that enough is enough, will always have enough". .
  • #2,392
  • Edited 3:03pm Jan 28, 2010 2:51pm | Edited 3:03pm
Kiwi,

have just looked over that thread and found out the name of the vendor if its correct..

guess who i have 6 private messages from asking the ins, outs and whys of the system....

now i'm all annoyed again, f*cking scumbag....

cheers

grant
  • #2,393
  • Jan 28, 2010 2:53pm Jan 28, 2010 2:53pm
who name and shame them

Quoting grant18265
Kiwi,

have just looked ovet that thread and found out the name of the vendor if its correct..

guess who i have 6 private messages from asking the ins, outs and whys of the system....

now i'm all annoyed again, f*cking scumbag.... lol

cheers

grant
"The person who knows that enough is enough, will always have enough". .
  • #2,394
  • Edited 4:46pm Jan 28, 2010 4:31pm | Edited 4:46pm
Quoting maq
who name and shame them

looks from the donna forex forum that the guys name is "Nick Mead"so he sent Grant 6 PMS asking for the detials on the system and then goes and sells it his name drops to even scummier levels.

and this is the contact email address on his site [email protected] a campaign of blasting this email address might be good too, and after a little more digging he only registered his domain name on the 5th Jan 2010 so a very recent occurence, mmm hardly original
  • #2,395
  • Jan 28, 2010 5:17pm Jan 28, 2010 5:17pm
so you keep mentioning grants 85 ema, sell when red, buy when blue, is this a typo? the slope does this, the EMA does not. would like to replicate what you are doing on metatrader. I have the slope indicator, tried to set it to 85, but that doesn't match the 85 EMA.

Quoting matlobien
I painstakingly went back with a fine tooth come and the results looks even better.

Method: Scull's 5 to 7:30 GMT box.
TP 30, SL 40
Filter = Grant's 85 EMA ( Sell when red, buy when blue)

Results: Trades 10
Wins 8
Losers 2
Pips 160
% Win 80

Why I missed 2 trades was because one of them first took profit in the opposite direction and then came back to take profit in the original direction. The second one only took profit in the Asian session.

So above trades is set + forget.
You look at the colour of EMA from 5 to 7:30 and place trade in...
  • #2,396
  • Jan 28, 2010 5:32pm Jan 28, 2010 5:32pm
so I just tried something, my boxes are set 5:00 to 7:00 as my broker is +1 GMT time. 15 minute gbpusd chart.

i have the grant ema at 89, and I put the slope line on the chart 85 3 0. Now if grants line says to go long or short, I look at the slope line to see if it agrees blue go long, red go short, no agreement, no trade. when the line is iffy, I can look to the 1h with the dubai slopes to see if they conflict as well. Where it seems to make a world of difference, is if the ema is going through the box, i go with the color fo the slop line on the chart. It seems to have a pretty good winning percentage. not sure where I would place stops, but seems pretty easy to nail 30 pips each time.
  • #2,397
  • Jan 28, 2010 5:52pm Jan 28, 2010 5:52pm
I've been reading through a lot of this thread, so many different things keep coming and going, is there a totally automated EA for this? I think I saw one or two on the thread, not sure if they are totally automated. If there is one, hoping someone can tell me which one is good. I also use a 5 digit broker if that makes a difference.
  • #2,398
  • Jan 28, 2010 11:25pm Jan 28, 2010 11:25pm
Quoting robl45
by slope, do you mean the way the ema is pointing or are you talking about the slope indicators?

in your post it says you put the 85 ema on and bought when it was blue and sold when it was red.
If the slope of the EMA is going up = blue.

  • #2,399
  • Jan 28, 2010 11:35pm Jan 28, 2010 11:35pm
Quoting kiwiduvet
just to be clear on the indicators the slope indicator changes colour from blue to red, as price action changes,...
Couldn't have said it better. Thanks

Just to not confuse our friend here; I have a MA in color on my chart which changes color as the price goes up or down, but it belongs to a friend of mine.

Sorry for the confusion.

  • #2,400
  • Jan 28, 2010 11:41pm Jan 28, 2010 11:41pm
Quoting Artifiz
I just use the emas (144 and 169 ema) on the 5-7 Breakout charts to spot trouble areas of support or resistance. You are right, I wouldn't predict the market based on these two emas. I didn't want to talk additional details about the rules from the original method as respect to the whole thread, but I think a little additional reading might well serve others as an extra tool for trading the forex. I put it in a word document to be more discreet, find it attached to this post.
Thanks for sharing and having respect for the thread.

My main concern is always the newbies.

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