Stairstep Breakouts Latest Opportunities

Incrediblle, you've made a very good point and obviously having the default settings would be much easier for all of us.

However, I just read one of the forexhard's posts that says: "I have said repeatedly that each pair needs to have it's own customized settings. There is not any setting that can be considered universal."
http://www.forexfactory.com/showthre...05#post4809605


And I also remember that there was a post in the main thread in which either forexhard or squalou gave different settings (box size etc.) for different pairs. I couldn't find this post so far, but I'm going to find it.

Guys, I don't want to be a nuisance , I just want to get the best results.

bro this cross pair is too expensive for me to trade,i cant afford 60$ for a trade.costing will be too high.

Dear if you understand main them of the system than you can understand all your points. you should scroll back your chart and watch atleast 50 cz.. you will find that this system giving us good consolidation zone, and than indicate for braking this zone.

main point is consolidation zone which indicated as cz. if you feel bad cz in any pair, than you need to edit settings

Wow, FH is spiting fire again. Maybe this thread is on the wrong section but remember FH, you don't own anything in this business just like everyone else. Why don't you just calm down and ask your mom for a nice cup of chocolate milk?

khizer,

Your English is fine and a lot better then I could dream of speaking your native language.

I don't make money by watching the price move up 52 pips and then back down 52 pips and then an additional two closes on the M15 for a total of around 120 pips. With another 52 pips at the beginning for around 172 pips. I'd lose my shirt trading that way.

If I'm trading a pair I'm trading that pair before any breakout from any box that suddenly appears on my chart. Just for this discussion let's say I was waiting for the box. Once the box appears I look at where the PA has come from and where the PA is in relationship to the SR's on my chart.

I've already done my homework and have analyzed where the pair is likely to go which in this case is down. The next question is it going down far enough to risk the cost of the trade? The answer here is yes but it might not even make it to the center of the box as a strong support line exist at .8892 from the H4. if this line of support is too close then a sell order is placed on the down side of the support line.

I would make this trade as the trade reverses at the top of the box. As You can see this is a cross-trend trade which could end at the center of the Shi-Channels. I would never trade a cross trend from the bottom of the box, period. Unless the trade was a long coming off the bottom. Market analysts and confirmation determines how to trade and never the box..

The stock market is scheduled to be down today and the CAD is a country strong in exports of oil. A lower economy lowers the price of oil. A weak economy makes the traders move their money to stronger currencies such as the CHF,

Always look at the past price action and visualize how you would have traded it prior to any anticipated breakout. In this case you would be positioned already for the price breaking down which is the anticipated direction by your analyst. Remember that the box only shows possible breakouts and does nothing to create the breakout. It certainly will not show you direction as this chart clearly shows. Only volume and more sellers vs buyers in this case moves the market. A box appearing in low volume times with the big boast of volume 3-4 hours away just gets false breakouts.

Trading this box system without thinking is crazy. Would you jump head first into a pool before checking the depth of the water? I bet you wouldn't do it a second time. I never take the direction of the so called experts as they don't get it right as much as I do. I read and listen but I make the final decision. None of us is right all the time. Even when I get it right I've lost as I take scalping trades before the open and then get side tracked. I get bored easily. LOL.

I hope this helps.

Johnny

Your point is realy nice!

Would you jump head first into a pool before checking the depth of the water?

offcourse not!

I check first fundametals and other my sucssefull technicals indicators, than compare and than take decision.

Its very horrable if any one trade in forex blindly.

out with nice pips

Nice going. Just kidding on the pool jumping.

I'm getting request for this indicator showing the 10 day Daily average so here it is.

Happy Pipping,

Johnny

Hello khizer,

I just noticed this post. This chart is from that system overlaid onto another system. I hid the squalou's dynamic indicator before saving the screen to post because in this instance there was no box generated for the LO by sqdynamic indicator.

Just because the sqdynamic indicator showed no box doesn't mean that a breakout isn't about to occur. Hence the problem with the indicator and it's narrow vision. It is a good indicator but a pain to setup.

If the dynamic indicator would have placed a box at this time it would have been overlaid on top of the orange box shown on the chart. Obviously the conditions on the chart as far as the sqDynamic indicator didn't occur and the last breakout box from that indicator occurred during the Asian session on the 7th of Sept. Since that time at least 5 breakouts of price have occurred. I'm not waiting two days to trade this pair just because an indicator is limited in finding breakouts. I trade with my brain and an indicator just helps me see the trading points. The same chart is showing the sqDynamic indicator's continued box at the bottom.

If this thread is only about your charts and a very narrow discussion then I will no longer post here. If you are still trying to get back onto FH's thread then I for one will not assist you. He already has enough whipping boys over there on his thread.

If on the other hand this thread is open for discussion then I will continue posting. It's your thread and your choice.

Johnny

I have been here around in FF too long that I knew that the Administrators would not allow your premise of starting your thread and the termination of your thread in Trading Systems forum was so imminent. Sorry guys. But as I said, please rename the name of your thread to something else, and make sure you don't copy cat other people's work to maintain professionalism here. And ensure to outline the system. If it is not a trading system, then don't put it to the trading system forum. Simple as that.

Good Morning Friends!

Todays New Cz...

1- CAD/CHF

2- CHF/JPY

3- GBP/CHF

Today only 3 pairs showing new consolidation zone:

1- CAD/CHF
2- GBP/CHF
3- CHF/JPY

Let me know if you guys has new CZ (consolidation) zone in other than these pairs.

One guy (e-trader) has cz in usd/chf. see his post: http://www.forexfactory.com/showthre...77#post4949377

his settings 30 adr, I never got this cz even 30 adr or 100 adr.

any one tell me about this?

this cz looks nice...

new cz at uc

Asalamu Alikum brother!


I never found this

even in all 3 computers...

I add this in my platform, from your pictuer manualy!

also add
usd/chf

Now I have 5 cz:
1- USD/CHF
2- USD/CAD
3- CAD/CHF
4- CHF/JPY
5- GBP/CHF

let me know if has other than this...

now system created usd/chf