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  • #501
  • Edited 6:50pm Aug 8, 2011 6:48pm | Edited 6:50pm
Here is what I am looking at...seems a breakout may be imminent
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  • #502
  • Aug 8, 2011 6:54pm Aug 8, 2011 6:54pm
Breakout happened....trade is on
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  • #503
  • Aug 8, 2011 6:56pm Aug 8, 2011 6:56pm
Waited hours for this move almost didnt catch it eating. Chinese food flying everywhere when i saw the spike. Pulled out 35 pips from this one and I'm going to sleep until 12am.. It's 9:53 here in nyc. I'll see you guys after the london session. Peace homies!!

[P.S. you know this pair has an 8 pip spread (on forex.com) sheesh. ]


Still learning
Anderson
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  • #504
  • Aug 8, 2011 6:57pm Aug 8, 2011 6:57pm
Quoting AndersonAlex
Waited hours for this move almost didnt catch it eating. Chinese food flying everywhere when i saw the spike. Pulled out 35 pips from this one and I'm going to sleep until 12am.. It's 9:53 here in nyc. I'll see you guys after the london session. Peace homies!!

[P.S. you know this pair has an 8 pip spread (on forex.com) sheesh. ]


Still learning
Anderson
Well done! I'm still in my trade...waiting for my 30 pips
  • #505
  • Aug 8, 2011 7:04pm Aug 8, 2011 7:04pm
Quoting almo
Well done! I'm still in my trade...waiting for my 30 pips
after that close in the green or buy direction then I'll jump in with you. (most likely
  • #506
  • Aug 8, 2011 7:09pm Aug 8, 2011 7:09pm
Quoting AndersonAlex
after that close in the green or buy direction then I'll jump in with you. (most likely
Anderson
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  • #507
  • Aug 8, 2011 7:24pm Aug 8, 2011 7:24pm
Quoting AndersonAlex
Anderson
Hey Almo, I see the trade might have went against you.. well atleast for the moment. What you said in your post was "breakout happened" and that's good that you are seeing that BUT for the future trades WAIT for a "CLOSE to happen" a minimum of 5pips from(above below) the CZ (consolidation zone). For even more sense of market direction wait for another 5M, 10m, or even one more 15M candle to close above (or below) the CZ and in the direction of the breakout.

Essentially this would help you to make Higher Probability trades. Nonetheless this is a learning experience. I was were you are now only one month ago before FxH started this thread.

A close not a breakout would "confirm" the price behavior. By confirm meaning higher probability.

Be patient my friend
Anderson.....ok I'm really going to sleep now I have 1hr and 30 till London.
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  • #508
  • Aug 8, 2011 7:25pm Aug 8, 2011 7:25pm
Anderson & Almo, glad to see you guys having so much fun! Keep it going! Bank those pips!
To improve is to change. To perfect, is to change often.
  • #509
  • Aug 8, 2011 7:53pm Aug 8, 2011 7:53pm
I had to stick it out while it went against me, but it was worth the wait.

Granted this is a demo trade, but its already showing promise that this method works.


Thanks FxH
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  • #510
  • Aug 8, 2011 7:59pm Aug 8, 2011 7:59pm
LOL @ Almo!: This system has been "showing promise" to me for almost 3 years! By the time you get to the same place, it will be 6! LOL
To improve is to change. To perfect, is to change often.
  • #511
  • Aug 8, 2011 8:36pm Aug 8, 2011 8:36pm
Quoting almo
I had to stick it out while it went against me, but it was worth the wait.

Granted this is a demo trade, but its already showing promise that this method works.


Thanks FxH
thanks to you (and my noisy iphone updates) i woke up saw your post and decided hey maybe i can pull a few out of the market still took 6 pips out to be greedy when i saw the prey coming my way.

still learning.
Anderson
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  • #512
  • Aug 9, 2011 4:46am Aug 9, 2011 4:46am
Quoting AndersonAlex
thanks to you (and my noisy iphone updates) i woke up saw your post and decided hey maybe i can pull a few out of the market still took 6 pips out to be greedy when i saw the prey coming my way.

still learning.
Anderson
Nice Trade Anderson!.
  • #513
  • Aug 9, 2011 4:48am Aug 9, 2011 4:48am
Threw this on this morning ...let's see what happens.
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  • #514
  • Aug 9, 2011 6:18am Aug 9, 2011 6:18am
Quoting almo
Threw this on this morning ...let's see what happens.
pretty flat right now don't see anything brewing.

every pair is setting up for the kill for now by 11am NY time things start to move all crazy

Watching GBPUSD..she's acting funny
  • #515
  • Aug 9, 2011 6:44am Aug 9, 2011 6:44am
Took a while, but once again, it came through.
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  • #516
  • Aug 9, 2011 7:08am Aug 9, 2011 7:08am
Quoting almo
Took a while, but once again, it came through.
Congrats on another one.

This might not be the fanciest method or the coolest but you can't be upset with constant gains. Now its to see if I can optimize the gains 60+ pips, that would be the next step for us.

still learning
Anderson
  • #517
  • Aug 9, 2011 7:21am Aug 9, 2011 7:21am
Quoting AndersonAlex
Congrats on another one.

This might not be the fanciest method or the coolest but you can't be upset with constant gains. Now its to see if I can optimize the gains 60+ pips, that would be the next step for us.

still learning
Anderson

I haven't checked to confirm, but I suspect the box size being 30, will limit the optimization of 60. You may have to increase size to 60 to get your optimization your looking for.

This may also require using a higher TF.....?
  • #518
  • Aug 9, 2011 7:34am Aug 9, 2011 7:34am
Quoting almo
I haven't checked to confirm, but I suspect the box size being 30, will limit the optimization of 60. You may have to increase size to 60 to get your optimization your looking for.

This may also require using a higher TF.....?
Actually a few trades back I pulled 40+ pips. That's all Risk ratio. What I do is put my TP at the previous top of the most recent CZ. Sometimes times at previous Support and Resistance leves but the past CZ zones method tends to pan out pretty fairly lately.

The size of the Consolidation box doesn't have much to do with how much profit you take because when there is a breakout we don't know how far the price will go.
  • #519
  • Aug 9, 2011 8:18am Aug 9, 2011 8:18am
SMDH!!

100 hundred pips man. I hate Pc's.. Macs for the win.
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  • #520
  • Aug 9, 2011 8:21am Aug 9, 2011 8:21am
Quoting AndersonAlex
SMDH!!

100 hundred pips man. I hate Pc's.. Macs for the win.
Very nice trade!


Let's keep them coming !
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