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The Small Hours Simplified!

  • #221
  • Feb 15, 2011 2:46am Feb 15, 2011 2:46am
hmm is this like 4 hr scapling? cause the initial sl is huge compared to the tp
  • #222
  • Feb 15, 2011 2:52am Feb 15, 2011 2:52am
Quoting pp22
Im still lost with my charts not matching yours, the highs and the lows for each bar is different and the atr`s are different, I dont spot the set ups you are.
That is because your daily bar and as a result your 4 hr bars start at a different time.

The above chart seems to be GMT0 and yours maybe GMT+2 like mine.
Regards
  • #223
  • Feb 15, 2011 2:57am Feb 15, 2011 2:57am
The setup bar is the most recently closed candle! What you saw was the candle after the setup bar...going up!

Quoting spaizkadett
In your first post: http://www.forexfactory.com/showpost...55&postcount=1

It seems to me that your second condition isn't met.

HH5 = .9580
High of current bar = .9595 (approx.)

and your rules state:
2. The high of the current closed bar must be less than HH5

If I am not mistaken, the current bar is the one after the setup bar, right? Or do you mean the current bar close value must be less than HH5?

Also,...
  • #224
  • Feb 15, 2011 3:10am Feb 15, 2011 3:10am
Quoting howard
That is because your daily bar and as a result your 4 hr bars start at a different time.

The above chart seems to be GMT0 and yours maybe GMT+2 like mine.

How can I change that?
  • #225
  • Feb 15, 2011 3:11am Feb 15, 2011 3:11am
sorry my mind is abit saturated with the readings, so decided to ask a few questions.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 2.png Size: 57 KB
  • #226
  • Feb 15, 2011 4:13am Feb 15, 2011 4:13am
Quoting Colostarr
As long as you can apply the indicators to your charts, the body of the candles don't matter. Whether you are using Alpari or IBFX the pattern of price action is consistant (it goes up with IBFX broker, it goes up with Alpari). Hope this helps! Just apply the rules and the light will come on for you. Rule #1 being the MOST important!

[color=black][font=Verdana]Try this: Print the rules and then leave this forum. Open your platform to any MAJOR pair 4H chart. Begin by using the current candle, apply the rules. You can also try using the candle...

The problem im having is my candles are clsoing at different times then yours. Im getting different highs and lows then you so im not able to spot the same setups.
  • #227
  • Feb 15, 2011 4:41am Feb 15, 2011 4:41am
Ok,
this thread seems have evened out and I think most of you get the jist of the system.

My intention was to contribute this for all to share, so this is my contribution to you.

I am leaving this forum, and probably this time for good. In the past I would find a decent system and post it here to share only to battle the masses and fight for a system that I thought was sound.

I have been gone from this forum for almost 2 years now, and it was for the better I think.

Recently I shared the system I use of the other methods I use with members of this forum via PM, only to have to defend why and read accusations about how a system I have been using since Dec 20th 2010, and a system that has more than TRIPLED MY TRADING ACCOUNT in 3 months, how it was sold to me by an “internet marketer” and "All the forums on the internet" are doubting its performance.

You believe what you want folks! I am not here to convince you, I was only here to help you! I won't fight you, but I would love to help you!

I've done this already, I was merely trying to share. This is my contribution to you the honest little guy trying to make head way in a market filled with sharks and snakes.

The Small hours system is solid, please continue to use it!

I will check PM's periodically but will not return to this forum after today!

I would like to send a personal thank you to ido370, easyryder, Tibmas, brijon If I overlooked a name or 2 I apologize your contributions were phenominal!!

Good luck to you All! Farewell my friends!

Never forget your trading rules! Especially #1!
  • #228
  • Feb 15, 2011 5:52am Feb 15, 2011 5:52am
Quoting Colostarr
Ok,
this thread seems have evened out and I think most of you get the jist of the system.

My intention was to contribute this for all to share, so this is my contribution to you.

I am leaving this forum, and probably this time for good. In the past I would find a decent system and post it here to share only to battle the masses and fight for a system that I thought was sound....
I understand how you feel, but why prejudice the masses such as rookies and people who needs you, in favour of these ungreatfull a*&&^Les !! Ple continue. You indicate that we can still contact you on PM? What is that?

All the best to you.Those who let the sun shine on others will receive all the sun they can handle my friend!!
  • #229
  • Feb 15, 2011 7:29am Feb 15, 2011 7:29am
Quoting Colostarr
Ok,
this thread seems have evened out and I think most of you get the jist of the system.

My intention was to contribute this for all to share, so this is my contribution to you.

I am leaving this forum, and probably this time for good. In the past I would find a decent system and post it here to share only to battle the masses and fight for a system that I thought was sound....
Colostarr,

Your sharing and contribution have been GREAT! Please, reconsider if possible your decision as I learnt a lot through this thread and I'm sure other people (and myself) have still a lot to learn from you!

JP
  • #230
  • Feb 15, 2011 7:29am Feb 15, 2011 7:29am
Quoting Colostarr
Ok,
this thread seems have evened out and I think most of you get the jist of the system.

My intention was to contribute this for all to share, so this is my contribution to you.

I am leaving this forum, and probably this time for good. In the past I would find a decent system and post it here to share only to battle the masses and fight for a system that I thought was sound....


colostarr


please dont go. at least visit us every now and then to clarify matters
  • #231
  • Feb 15, 2011 7:39am Feb 15, 2011 7:39am
Just send me a PM. Click on my username for any matters or issues you have regarding small hours!

Otherwise I have to concentrate on my trading, not defend it!!

Quoting whatfx
colostarr


please dont go. at least visit us every now and then to clarify matters
  • #232
  • Feb 15, 2011 8:17am Feb 15, 2011 8:17am
Quoting trevwest
How often are you hitting the 2nd profit level? I really dont like the risk:reward of the first one. If the TP2 is being hit more than 60% of the time, why not just use that for every trade?
The R:R ratio is just math, so if you want to improve it then it is not too difficult. Trade only one position at a time and do not take first profit at TP1. Instead, at TP1 point set your SL to BE and let the position run until TP2 or back to BE.
This way, your R:R ratio will be mathematically around 1:1. But I am not sure that you win more money long term.
The only thing that counts in trading is long term result not one day, week, month.
  • #233
  • Feb 15, 2011 9:39am Feb 15, 2011 9:39am
Quoting Colostarr
Just send me a PM. Click on my username for any matters or issues you have regarding small hours!

Otherwise I have to concentrate on my trading, not defend it!!


THANK YOU for sharing, GREATLY appreciated!!!!!!!
  • #234
  • Feb 15, 2011 10:23am Feb 15, 2011 10:23am
Quoting Indrek
The R:R ratio is just math, so if you want to improve it then it is not too difficult. Trade only one position at a time and do not take first profit at TP1. Instead, at TP1 point set your SL to BE and let the position run until TP2 or back to BE.
This way, your R:R ratio will be mathematically around 1:1. But I am not sure that you win more money long term.
The only thing that counts in trading is long term result not one day, week, month.
Well, sure. I don't just arbitrarily want it to be 1:1. But if the system is hitting tp2 anywhere near as often as tp1, why limit your gains? I will take a 70% 1:1 system over an 85% 2:1 because it will always make more $ over the long run.
  • #235
  • Feb 15, 2011 2:47pm Feb 15, 2011 2:47pm
Gave this method a shot today.

AUDUSD 4H, this morning entered short... closed half for +42 pips. Still have the other half floating at +52 pips.

Seems interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-20110215.jpg Size: 424 KB
  • #236
  • Feb 15, 2011 6:30pm Feb 15, 2011 6:30pm
Quoting crodzilla
Gave this method a shot today.

AUDUSD 4H, this morning entered short... closed half for +42 pips. Still have the other half floating at +52 pips.

Seems interesting.

I also took this trade. Nice setup.
  • #237
  • Feb 15, 2011 8:38pm Feb 15, 2011 8:38pm
Thank you very much for your time and effort. Your explanation is very comprehensive....I hope you'd drop by from time to time.

Mrgintz
  • #238
  • Feb 16, 2011 1:06am Feb 16, 2011 1:06am
So my thread was moved? Curious why it was moved to the "Under Evaluation" forums under commercial forums? Glad everyone has had some success with this method!
  • #239
  • Feb 16, 2011 5:06am Feb 16, 2011 5:06am
Because you mentioned that you bought a system from Bill Poulos that included this method.
  • #240
  • Feb 17, 2011 5:30pm Feb 17, 2011 5:30pm
I've not had a chance to trade this yet... is anyone trading this and what have been your results???

Thanks in advance for sharing!!!!!
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