Extracted Thread (per thread starter's request)

Got a nice USDJPY building up too.

Both trades hit SL.
GBP/JPY long opened.

Regards
A.

Been stopped out on G/U as well. One down, up to 3 more to go. Looking for a minimum 40p TP. Let's see how this plays out...

Hello Forex Hard.

I am really enjoying this system.

I got stopped as well.

Now, from previous pages, as i read you try each cz up to 4 times and with a semi martingal money management.

Wich means you will double your lot size up to 4 times?

I have not done enough trade to know, does it happens often that we need to go up to 4 Trades for a cz ?

Does it happen often ?

Hi guys, thought I'd pop in. Had some fun this morning with a trailing stop. I use them to get me to b/e if I'm away from my desk, if I get there I switch them off. I can't switch the damn thing off, never had that problem before lol. Anyway I have tested several different approaches for trading the boxes that suit "me". They are all profitable, some more than others. So far I've had a couple of losers 4 b/e trades, a winner and I'm currently up 16 pips on cable and counting due to my rouge trailing stop hahah.

I took the cable short last night off the box highlighted green. I seem to have a an empty rouge box too, the Gremlins are certainly having fun on my machine today. I'm trading hourling charts btw. Same ranges just less candles.



Daz.

EDIT: Walked away with 16 pips

Hi all!!

Missed the G/U CZ also. Now waiting for the second breakout.

I have a CZ that i never saw on AUD_USD. 70 bars and counting !! wowww

GJ TP hit=80p (2%)

Good job, everyone. Nice trades. The Bulls and the Bears have been really going at it lately. Most systems can't cope with a sideways market, and usually only perform when the trend has been established and going strong in a single direction -- especially if it relies on lagging oscillators. Good thing we rely only on pure price action.

My trade set played out exactly the same as my last set from last week, just in the opposite direction. And even though it may not look it, both Sells are on the same level. I simply ignored the second CZ since I was already invested in the first one.

Missed GU break. But took USD/CAD.

Regards
A.

And another one is born. Tomorrow morning I'll be having some pips with my bacon. Hmmm, bacon.

Along with GU we have EU, EJ and GJ all consolidating.

Thanks for the headsup ForexHard and Silver Surfer. There is a 13p x 43 CZ on the USDCAD. The craziest CZ is the 16p x 65 one on the USDJPY. This has to be the longest CZ I have ever seen! Lets see how it goes in the London session and if that does'nt provide much action, we will have to wait till the New York open.

They seem to be everywhere you look - EURGBP is another.

I would strongly caution against over trading. It's much better to pick just 1 or 2 pairs that you know the best and ignore the others. And if you do pick more than 1 pair, I suggest that the 2 pairs be opposites. So don't pick pairs all starting with G or E or U, for example.

Good luck everyone. Play it safe and never over trade under any circumstances.

See you in a few hours...

Hi, I have been reading this thread for a few days now and I'm excited about giving it a go. I have practiced placing rectangles in the correct areas, hoping they are correct- Would love to show some examples but I haven't worked out how to post charts yet!! The problem I have is that the rectangles which I draw never seem to be saved, if I move to another time frame or close the platform down they are lost. I have tried saving them as a template which also doesn't work. I know it's easy to re-draw them but it's frustrating that I can't get them to save. I'm sure it's simple and I feel embarrassed that I am unable to work it out for myself

Hope i have attached the chart correctly (1st post)
Would this be a trade?

Although new to here I have been wandering the internet wilderness for ages, & gone round in circles for most of that.

Just stopping in to say well done FH, thread is still going strong, lots of good info still coming out.

I have been trading this method now since last September, not really into posting much but I stop by the thread most days to see how it is progressing.

So far it has been very profitable, my advice to people is, form your rules, get them right and stick to them.

I am a new trader by the accounts I have blown out. Trading for a little over 18 months. In that time I have bought 37 miracle can't miss systems and robots. I have been a member at a number of trading schools and even hired Rob Booker who booked my money in his bank account and told me I just needed more patience.

This system is great in concept because it does cause one to think about what they are going to do.

I have a few questions, and yes I have read the whole thread. Since I still work full time the thing that is most beneficial to me is that the indicator will find CZ's and alert me making it easier to trade from my mobile.

However it seems that folks use many different settings and this is puzzling. I understand we need to find what works for us. In fact I am to the point where I can find a CZ even if the indicator hasn't marked it. There is where I hit the wall because it is making me doubt the indicators validity. I have never been a fan of EA's but would like to give this a go with manual approval.

I think my main problem is I don't understand the settings and how they work for the indicator, and the EA's has settings which are not in the indicator itself.

I opened the code in metatrader to try and read the explanations. That didn't help much. It seems that no matter what I set it at I get 30 pip ranges. I find that to be troubling and this is why.

For sake of argument lets say a currency will move 100 pips in a day from the low to the high or high to low. If you look at a chart this is almost always the case. I think the system does a great job of removing the noise in between the high/low being set.

There are generally some nice CZ"s that form around mid asia and the currency will pop off or start to move. With a 30 pip range plus the buffer of 5 we have a 40 pip CZ. That accounts for 40% of a currency's daily average. This doesn't leave a whole lot of room. Which could lead to money management problems. Especially if we get kicked around the 4 times before we stop and wait. In addition I have noticed that if we wait for the second candle on the 15 minute chart many time it will hit the first take profit level before we can even enter. This makes sense since the force needed to over come a resitance or support level is going to need to be great enough to propel us on the volume.

SO... in a long winded newbie type way I am asking for some help. FH please dont take this the wrong way. I appreciate everything you are doing. If someone could point out what each setting means it would be of great benefit. For example should we set the auto box to true and if we do what does that do? Does anyone have a setting that seems to provide better results.

A default setting of 22/15/30 which is what I am using and the daily ATR/30 and .23 hasn't done much but whip me a bit for a small loss over the past month. I have done better drawing myself but as mentioned I only get about a trade a week that way and miss many opportunities. Yet because of all the hard work here I can take those oportunities mobile because of the indicator. For that I am SOOOO greatful you cannot imagine. If I could get the darn thing right or at least trust it. I think this can make me a succesful full time trader in time, and I wouldn't have to hope.

Thank you all inadvance

1st live SSB trade today EU +32 pips
(pic unavailiable)
Thanks FXH great system low stress

I read somewhere that if you save the profile after you make changes to your charts, then your changes will be saved. I don't know if this is 100% correct.