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  • #1,741
  • Nov 12, 2011 10:27am Nov 12, 2011 10:27am
Quoting mer071898
Just a word of advice, never just move a stop to just BE. Always try to move it to BE+ (the "+" I will leave up to you). For example, if you are getting $10 a pip and you have one BE trade a week, you just gave away a minimum of $520.00 (52 weeks x 1 extra pip from BE+1), just food for thought.
Mer has fantastic advice - Do not go just BE but BE+

I go BE + 3 pips it covers the spread plus lunch money.

All have a good weekend
  • #1,742
  • Nov 12, 2011 1:24pm Nov 12, 2011 1:24pm
Ha Ha.... just a teaser.. Was reading over your initial posts and found this gem on page 2 : "I can predict a breakout by now almost with my eyes closed. Likewise, I predict this thread will die off relatively quickly; I will be very surprised if it will even reach 10 pages long."

Good thing never dies. Just gets rehashed....... Now back to my reading... Thanks Foxhard... I do like the breakout method.
  • #1,743
  • Nov 14, 2011 4:43am Nov 14, 2011 4:43am
I just fell off this stairstep..
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  • #1,744
  • Nov 14, 2011 11:56am Nov 14, 2011 11:56am
Congrats Yamez. Nice.

Had a nice trade this morning on the N/C. My boxes were screwed up so I got into the trade late. I guess you have to adjust these fixed boxes regularly.

Anyways I closed half my trade at plus 20 pips and move my stop on the remainder to BE plus a few to let it ride.
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  • #1,745
  • Edited 5:52am Nov 15, 2011 5:36am | Edited 5:52am
Quoting forexhard
Here's a pic from today that shows 2 retracements against the same extended consolidation zone. I mentioned how often this occurs all the way back on page #2 (post #44). I haven't kept an exact count, but I think it would be safe to say this occurs on G/U at least 80% of the time. In fact it happens so often that you could just about build yourself a trading system around this particular phenomenon and nothing else -- hint, hint.
FxH is giving us a clue(s). GU is a pair of choice for FxH, from my observations, to give by a way of example, by no means exclusive.

Find a broker that allows hedging, which would also allow a pending hedge order, also an observation.

I use Supply & Demand zones ( somewhat crudely) as to where the trade may go. I see CZs as an opportunity for when a major player puts an order, and "pushes" the price.
  • #1,746
  • Nov 17, 2011 3:10pm Nov 17, 2011 3:10pm
im short in gbpusd and long in usdchf.

gbpusd:

http://i39.tinypic.com/fx9j7k.jpg

regards
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #1,747
  • Nov 18, 2011 6:38am Nov 18, 2011 6:38am
Cheers spyderman,

Farewell to the Friday,

28 pips will do me..
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  • #1,748
  • Nov 18, 2011 9:35am Nov 18, 2011 9:35am
im long in eurjpy
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #1,749
  • Nov 18, 2011 8:44pm Nov 18, 2011 8:44pm
@yamez - looks like many of Insanity indicators used in your post #1749, Sup/Demand, rat trader, TrendII? Nice....
  • #1,750
  • Nov 21, 2011 2:40am Nov 21, 2011 2:40am
Great breakout trading opportunity on GBPUSD.
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  • #1,751
  • Nov 22, 2011 6:20am Nov 22, 2011 6:20am
http://i43.tinypic.com/28ixizr.jpg

other possible LOL in audusd??

im long ...
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #1,752
  • Nov 23, 2011 10:37am Nov 23, 2011 10:37am
Quoting forexnetworth
Great breakout trading opportunity on GBPUSD.

Trade closed for a total of 230 pips. The system continues to work very well. All that's needed is One Good Trade per week. Happy thanksgiving to all.

forexnetworth.blogspot.com
  • #1,753
  • Nov 23, 2011 5:00pm Nov 23, 2011 5:00pm
After spending several days reading, and re-reading, all 117 pages. My hat is off to you FH. Well Done!

Thank you for taking the time to share.

Best Regards,


--Mi Tiga
  • #1,754
  • Nov 25, 2011 7:29pm Nov 25, 2011 7:29pm
Quoting Mitija
After spending several days reading, and re-reading, all 117 pages. My hat is off to you FH. Well Done!

Thank you for taking the time to share.

Best Regards,


--Mi Tiga

Welcome aboard, and thanks for the nice comments. Good or bad, come back and tell us about your experiences after you've made a few trades.

Later...

FxH
To improve is to change. To perfect, is to change often.
  • #1,755
  • Nov 27, 2011 2:41am Nov 27, 2011 2:41am
Quoting forexhard
Welcome aboard, and thanks for the nice comments. Good or bad, come back and tell us about your experiences after you've made a few trades.

Later...

FxH
It's a very good system, but a large number of unnecessary alerts after the first valid Alerte can spoil the mood, especially at night.
  • #1,756
  • Nov 29, 2011 12:55pm Nov 29, 2011 12:55pm
G/U remains the most reliable pair IMHO...
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To improve is to change. To perfect, is to change often.
  • #1,757
  • Nov 29, 2011 6:15pm Nov 29, 2011 6:15pm
First of all thanks for sharing your knowledge and taking time out to help budding traders.

I have been following this thread for a week now. I did what you had advised on page 1. So this week when I started applying it on my demo a/c, somehow it didn't work for me. Please help me figure out what am I doing wrong here.

I had the box in same place as your picture here has it, so when I saw it break it to the shorter side, I took it. As you can see it was pretty convincing. But it reversed and my stop was on the other side of the box.

I know you believe that there is nothing like false breakout, but I am puzzled by this one, please help me see what you see.
  • #1,758
  • Dec 2, 2011 6:05am Dec 2, 2011 6:05am
I found a this break out this morning on the Aud/Jpy. :-) I got in about 10 pips late at 79.87, but I am very happy that I am currently up about 20 pips. I am still working on my stop / TP strategy. I will let you know how it turns out.

Sincerely,


Mi Tija
Attached Image
  • #1,759
  • Dec 2, 2011 3:59pm Dec 2, 2011 3:59pm
Here's the last breakout with my custom settings for the week on G/U M15.
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To improve is to change. To perfect, is to change often.
  • #1,760
  • Dec 8, 2011 2:12pm Dec 8, 2011 2:12pm
My last 3 breakouts, from Dec. 4th, 6th, and 7th. All on G/U M15. So easy it's hard...
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Attached Images
To improve is to change. To perfect, is to change often.
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