High & Low 8 Hours (GBP/JPY)

What a start to being back. +50 to start.

Thanks

+100 for me, thanks Nicotina

+100 pips on sell order hit, Could go for more but I had only one position. Next time gonna try with 2positions.

Cheers Nicotina.

This was and still is a good strategy with money management. The numbers will be different with the highs and low due to the different brokers. It has been profitable for the last year. Everyone just left the thread.

Thanks to the originator of this thread. Also to the ones that contribute to making it work.

Gained over 100 pips my stoploss now is at +75

Happy pipin,

Anyone still in the trade? I took my limit out because its at support ,in a down market now. If it break support, it will go further. Just trade what you see!

Buy 137,00
Sell 135,70

Hi Nicotina.
I use FXCM Japan and got the exact same numbers. Yesterday was lots of action and many green pips. good luck for today.

First buy opened @ 136.956 exactly at 12:30 am CST (6:30 am GMT).

Hope to see many $green$ pips!


Greetings from Mexico!

Hi Nicotina,

May I ask what broker you use for your Buy/Sell entries?

Many thanks,
BC2

Stopped out for the long position -50 pips
and having another pending long position at the same price,
waiting

Anyone else in from 137.54 sell from Monday? Down she goes again. Great system. I lost 50 from yesterday but still riding. Trade what you see.

Dukascopy

Hi Nicotina
Just wondering if you have looked at losing trades to see if set ups like this one feature regularly. Approx 80 pip pullback before entry triggered. We have also been heading down for last few days before that.

Sorry if this has been answered previously, I've read a lot of the thread but not all.

Cheers.

Hi Nicotina:

Thanks for running this thread for so long. I have a few questions about this system as I see several long breaks in your thread:
1) Are you running this system for more than 3 years?
2) What is your result? Some idea about profit, loss and net result

I have been following few break out systems for some time mainly because of its simplicity and less demand for screen time specially if you work full time and live in an area where most of the available time is very slow time for the Forex market. Finally, I dropped the break out systems as it works pretty well when currency is trending and all profits are gone during majority of ranging time. Since you are following almost the same system for more than 3 years, it must be working with you unless you had dropped this system during your long absence from the thread. I would appreciate if you please give your take on this as you have a solid forward testing experience for this break out system.

Comments from other following this thread is also welcome.

Thanks in advance,

FX_California

Seccond Long pending position triggered and stopped out -50pips
Total of -100 pips for Wednesday trade.

Fuku:

I thought that once we had a losing position for that direction we closed that entry and not lose 2 long or 2 short. Did I have that wrong.

Thanks

Not to be rude, this system has its good and bad days and weeks. When i traded this system last year, I was only aiming for 50-75 pips. I had winners and losers but profitable. It will work but you have to use s/r wich is what this thread is all about. You just have to be there when the market is ranging. Also when i am +50, i lock in 10-25. Not to let a winner turn to a loser. When it hit the profit target ill move the stoploss to lock in more pips. That's how i am still in from monday at 137 .54. My stoploss is at 137. I know its only +50 but you have to make it work for you. Please do not ask me to post last year. It's in the pass. I could not tell you which trades it was. I just ride the trend. I get in on the breakouts! Trade what you see. Don't follow me. You have a style of trading.


Happy pipping

If close in S/L open again the stop orders.
Close the day if close in S/L for the second time.
Close the day if close in TP.
Do not change the SL and the TP
Closes orders manually only at the end of the day (18:00 GTM).

Thanks I just forgot and should have looked