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  • #2,421
  • Apr 28, 2012 9:16am Apr 28, 2012 9:16am
Hi fellow FX'ers and FH. I've been in the background reading through the FF forums and the wealth of knowledge and insight throughout.

This thread has been, by far, the best read on many levels. I thank FH for starting this thread and continuing to share and enlighten everyone with this great, simple and easy to grasp concept of CZ breakouts.

I've been trading this method LIVE for 3 months using hand drawn artifacts with success. Mind you, I've closed my share of 'bad' trades as well and that's not to fault the method but the trader. The ongoing battle of R:R and exiting is something I'm always working on.

I'm pretty sure I've been through every post and haven't found the SQ indicator written in the .lua script. I'm using Marketscope 2.0 platform with FXCM broker. Has anyone successfully converted the .mq4 to .lua or has Squalou done this for us and I've missed it?

Happy trading!
Thanks again FH, Squalou and all responsible for putting this all together.

dcabfx
  • #2,422
  • Apr 28, 2012 11:48am Apr 28, 2012 11:48am
I think it's been more than 9 months that I have been following FxH and this method. I continue to be amazed that I learn something new every time I stop by.

In fact, I believe that I will open up that bottle of MacAllan that I have been saving. Living in the sunny south US, it always seems more appropriate to be drinking clear hooch with some type of fruit juice. However, aged scotch just has so much more gravitas. Now, if I figure out how to turn it into a trading edge, I will be sure to let you know.

FxH: my hat is off to you for your persistence through the life of this thread. My patience was exhausted numerous times and I am only a reader / participant. I cannot imagine having to deal withe the plethora of morons.

Later,

T
  • #2,423
  • Apr 28, 2012 1:33pm Apr 28, 2012 1:33pm
i've read the first 25 pages of the thread and i decided to start testing this method not because of the method (although i think i will be profitable) but for how the man who started this thread explains thinks talks etc . you can tell a lot about a guy in how he manages the situation with all the noobs and idiots that are on a forum. hope to get the hang of this method fast .

thank you for sharing forexhard and for your patience (excuse my english)
  • #2,424
  • Edited 5:05pm Apr 28, 2012 4:43pm | Edited 5:05pm
Hello.

I am new to this thread and i want to thank Forexhard for his amazing simple strategy.

English is not my mother tongue so please forgive my mistakes.

I have read all the Thread from page one to page 162 to catch you all. I saw how things envolved even the rules remained the same. It took me almost a week and i think i never had such a great feeling before. I mean, i really am so exited about this strategy.

I saw how indicators thanks to Squalou came to place and few weeks before how you guys tried and are trying to make an EA, and i saw how some tried to copycut this system and how some wanted the straight answer even the answer was in front of their eyes.

So right now i want to start my "exercices" and will need perhaps your help. I say Perhaps because i really think every problem has been already solved.

Once again thank you from the bottom of my heart Forexhard. Your teaching skills were perfect.
If you come to Switzerland, ill be very happy to invite you for a Dinner.

I really want to master the strategy first so i will only use hand made Cz for a while.


first chart
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  • #2,425
  • Apr 29, 2012 1:57am Apr 29, 2012 1:57am
I just got an email to a website with a "great breakout system." Of course, my first thought was maybe stole this system and was trying to sell it. And while that was a random thought for me, it turned out it was true. It is the older version that Squidoo did a while ago wihtout all the improvements. It is at http://www.profitdaytrading.com/?reviews=forex-breakout-system-review. I could not believe they are doing that.
  • #2,426
  • Apr 29, 2012 2:53am Apr 29, 2012 2:53am
Quoting Stearno
I just got an email to a website with a "great breakout system." Of course, my first thought was maybe stole this system and was trying to sell it. And while that was a random thought for me, it turned out it was true. It is the older version that Squidoo did a while ago wihtout all the improvements. It is at http://www.profitdaytrading.com/?reviews=forex-breakout-system-review. I could not believe they are doing that.
Well there you have it, proof you can make money out of Forex.

Some people, unbelievable.

Daz.
Keep smiling
  • #2,427
  • Apr 29, 2012 8:37am Apr 29, 2012 8:37am
To Misterdaz and all

I use this system. It is one of 3 methods I use.

Here is a quote from my 1714 post back in October 2011


http://www.forexfactory.com/images/icons/icon1.gif END OF THE LINE
To The Naysayers - if you have not got by NOW - MOVE ON and Start your own thread.

FoxexHard has expounded eloquently on a system that has been used for decades.

FXH has put forth a lot of time and effort to share his knowledge with the FF viewers. He has certainly given back to the community.

THANK YOU FOREXHARD

OzzieDave makes a great observation - That price will often return to the CZ zone after the initial break.

I always look for PA to re-test after the initial break. This area I look to either add positions or reduce risk.

I have attached a chart that I used this week. I no longer post in public

very often but I do take notice and I wanted to stop by.

Thank you FXH and Squalo
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  • #2,428
  • Apr 29, 2012 9:47am Apr 29, 2012 9:47am
For the benefit of new readers of this thread I thought I would post my first full month of trading this way exclusively.

I did not trade for 7 trading days before and after Easter, as the volumes can be difficult.

I had 15 setups (boxes/cz areas) and took 30 trades off them.

15 were losses

I trade only GBPUSD, EURUSD and Gold, I tried NZDUSD but did not like it.

As of Friday my a/c was up 12.6% from beginning of the month, I always trade risk 1% reward 2% on a live a/c. If I had left all my trades to go to SL or TP my a/c would be up 22.3%!!@#&

I am now drawing my own boxes having started by using the indicator, which is still on my charts but I have other charts that I draw my own boxes on.

Please do not ask for my settings or entry rules, they suit my trading style not necessarily good for anyone else.

So the message is back test, forward test, deal with the demons that cause you to exit early and profits can be made.

Many thanks to FH for what he has given us here.
  • #2,429
  • Apr 29, 2012 9:51am Apr 29, 2012 9:51am
Thanks for the confirmation Wave. In my own testing I can see the merits of trading out of these areas. Strong congestion also generates very solid s/r areas for further retests.

Apart from taking breaks I am looking at two other ways of using the boxes. Still testing them. I'll keep my ideas out the thread though, don't wanna get off track, upset the op or confuse the noobs.

But that is the beauty of these boxes, they can be used for quick smash and grab trades or used as entry triggers for other trading methods.


Daz.
Keep smiling
  • #2,430
  • Apr 29, 2012 10:33am Apr 29, 2012 10:33am
Quoting Stearno
I just got an email to a website with a "great breakout system." Of course, my first thought was maybe stole this system and was trying to sell it. And while that was a random thought for me, it turned out it was true. It is the older version that Squidoo did a while ago wihtout all the improvements. It is at http://www.profitdaytrading.com/?revs=forex-breakout-system. I could not believe they are doing that.
This makes at least twice now that we've heard about. I'm sure there have been others. Not bad for a system that doesn't work, right guys?!? LOL

Some random thoughts... This is one time the poachers are actually offering something worth buying... If the poachers spent just 2 weeks studying Stairsteps, they'd actually be able to earn from trading instead of by stealing... When you see a guy with dozens of posts, but they all seem to be negative or unhelpful, this is why they are really here. They hope to derail a good system so that it no longer has a web presence, making it that much easier to rip off... It's this type of behavior that keeps people like Squalou from finishing his work here... The idiots who do all these things (poach from and attempt to derail my thread) don't realize that the more you push me, the more I push back. By lying about me and stealing from me, they only make me more determined to keep the thread alive. Oops.
To improve is to change. To perfect, is to change often.
  • #2,431
  • Apr 29, 2012 10:46am Apr 29, 2012 10:46am
Quoting LarryK
For the benefit of new readers of this thread I thought I would post my first full month of trading this way exclusively.

I did not trade for 7 trading days before and after Easter, as the volumes can be difficult.

I had 15 setups (boxes/cz areas) and took 30 trades off them.

15 were losses

I trade only GBPUSD, EURUSD and Gold, I tried NZDUSD but did not like it.

As of Friday my a/c was up 12.6% from beginning of the month, I always trade risk 1% reward 2% on a live a/c. If I had left all my trades to go to SL or TP my a/c would be up...
So in other words, you were averaging about 4% per week. Not too shabby! Like I told rew2k7, I drink....
To improve is to change. To perfect, is to change often.
  • #2,432
  • Apr 29, 2012 10:48am Apr 29, 2012 10:48am
So that's why Squalou won't post. That's a shame, your indicator is excellent sir.

Daz.
Keep smiling
  • #2,433
  • Apr 29, 2012 10:51am Apr 29, 2012 10:51am
Quoting Wave Trader
To Misterdaz and all

I use this system. It is one of 3 methods I use.

Here is a quote from my 1714 post back in October 2011


http://www.forexfactory.com/images/icons/icon1.gif END OF THE LINE
To The Naysayers - if you have not got by NOW - MOVE ON and Start your own thread.

FoxexHard has expounded eloquently on a system that has been used for decades.

FXH has put forth a lot of time and effort to share his knowledge with the FF viewers. He has certainly given back to the community.

THANK YOU FOREXHARD
Hey Wave Trader, good to see you're still around. And thanks for all the support you've given over the months. Can you believe we're just 60 days from the 1-year mark? Wow. I never would have predicted that. Guys like you made it happen. Don't be such a stranger...
To improve is to change. To perfect, is to change often.
  • #2,434
  • Apr 29, 2012 5:01pm Apr 29, 2012 5:01pm
Quoting forexhard
I drink Johnny Walker Double Black. Just saying...
Jack Daniels Single Barrel....my fav.

And off topic. I have made 8% this month. Made few errors, but still in green.

Regards
A.
  • #2,435
  • Apr 29, 2012 5:35pm Apr 29, 2012 5:35pm
Here my new chart.
Attached Image (click to enlarge)
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  • #2,436
  • Apr 30, 2012 4:40am Apr 30, 2012 4:40am
hello all

it seems that the EA for this method is using 100 % cpu , i'm not a programer but i searched the net and i found this http://articles.mql4.com/763 for a solution...sorry if i have broken any thread rules if so let me know and delete

thank you
  • #2,437
  • Apr 30, 2012 6:51am Apr 30, 2012 6:51am
New one
Attached Image (click to enlarge)
Click to Enlarge Name: chart 3.jpg Size: 172 KB
  • #2,438
  • May 1, 2012 1:01am May 1, 2012 1:01am
Am I the only Stairstepper watching that 60-bar CZ on G/U M15 right now?...
To improve is to change. To perfect, is to change often.
  • #2,439
  • May 1, 2012 1:14am May 1, 2012 1:14am
Quoting forexhard
Am I the only Stairstepper watching that 60-bar CZ on G/U M15 right now?...
No. Its nice to wake up and see 60bar CZ.

Regards
A.
  • #2,440
  • Edited 4:03am May 1, 2012 2:03am | Edited 4:03am
Short GBP/JPY.

Regards
A.

PS. Short GU as well.
Attached Image
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