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Inside Assassination 4hr strategy by Enoc2g

  • #21
  • Jun 7, 2012 3:01am Jun 7, 2012 3:01am
-Thanks
Pipmonger
  • #22
  • Jun 7, 2012 4:55am Jun 7, 2012 4:55am
Quoting enoc2g
yes I do have an opposite order off the trigger bar which is the bar before the inside bar.

I always have 2 orders sell and buy. The inside bar itself is not the trigger bar, its the prior bar high and low plus spread for high plus 1 rounded up. For the low its just minus 1, you can use what you like as far as that goes.
Thanks for the confirmation ..used to call that bar previous IB as the Mother bar..i use only h4/daily for IB & OB breakout..Great thread anyway..
  • #23
  • Jun 7, 2012 5:37am Jun 7, 2012 5:37am
Quoting andri66
Thanks for the confirmation ..used to call that bar previous IB as the Mother bar..i use only h4/daily for IB & OB breakout..Great thread anyway..
NP, Thanks.
  • #24
  • Jun 7, 2012 5:42pm Jun 7, 2012 5:42pm
Very simple Visual flow chart I threw together wanted to better nail down and have some visual rules to use for more controlled position management and exits. May seem silly but seeing it as a picture helps me stick to the rules more.
Attached Image (click to enlarge)
Click to Enlarge Name: Exit flow visual .jpg Size: 58 KB
  • #25
  • Jun 7, 2012 7:41pm Jun 7, 2012 7:41pm
Hi,

I have a nice start. I placed pending orders on the mother candles @ 4PM CDT on FXDD. 4 hours later:

EU +17 pips
GJ +50 Pips
UChf +15 pips

I jump move my SL to preserve profits and closed the opposite side orders after my pending orders are hit.
  • #26
  • Jun 7, 2012 8:04pm Jun 7, 2012 8:04pm
Quoting Bobcat2
Hi,

I have a nice start. I placed pending orders on the mother candles @ 4PM CDT on FXDD. 4 hours later:

EU +17 pips
GJ +50 Pips
UChf +15 pips

I jump move my SL to preserve profits and closed the opposite side orders after my pending orders are hit.
Great, Bobcat!! good stuff. I am in a few positions myself. Best of luck on your positions. Thanks!!
  • #27
  • Jun 8, 2012 6:31am Jun 8, 2012 6:31am
out with +100 pips shorted EURUSD, profit limit hit last night.
  • #28
  • Jun 8, 2012 7:49am Jun 8, 2012 7:49am
Long triggered on AUDUSD, final trade for week.
  • #29
  • Jun 8, 2012 10:19am Jun 8, 2012 10:19am
My results for the EU, GJ and UChf trades were +260 pips...all winners!

Thanks enoc2 g!
  • #30
  • Jun 8, 2012 10:42am Jun 8, 2012 10:42am
Quoting enoc2g
Long triggered on AUDUSD, final trade for week.
On Oanda, because of the different run times for an H4 chart, there was no AU trade. May I ask what broker you are using so that we can all be on the same page and achieve similar results? Oanda's H4 charts are on the 11/3/7 cycle CST.

Thanks,
BC2
  • #31
  • Jun 8, 2012 2:02pm Jun 8, 2012 2:02pm
Quoting Bobcat2
On Oanda, because of the different run times for an H4 chart, there was no AU trade. May I ask what broker you are using so that we can all be on the same page and achieve similar results? Oanda's H4 charts are on the 11/3/7 cycle CST.

Thanks,
BC2
sorry man, its alpari US MT4 so its like GMT +2 my last 4hr bar reads 20:00 GMT
  • #32
  • Jun 8, 2012 2:08pm Jun 8, 2012 2:08pm
Quoting enoc2g
Long triggered on AUDUSD, final trade for week.
Going home long Aussie still open +40 lets see how that goes,


This week total 200 pips with the Exit Flow added..
GBPJPY +100
EURUSD +100
AUDUSD +40 open

Biggest loss was GBPAUD which I had a nice 90 open profit on that before i started using the Exit Flow I was just letting it sit and got nailed for -100 pips.

Will try to improve my stats next week if the market is willing gotta check the releases coming for next week to size up the volatility. The more Red the better. No Red or not much is not good.
  • #33
  • Jun 8, 2012 2:11pm Jun 8, 2012 2:11pm
Quoting Bobcat2
On Oanda, because of the different run times for an H4 chart, there was no AU trade. May I ask what broker you are using so that we can all be on the same page and achieve similar results? Oanda's H4 charts are on the 11/3/7 cycle CST.

Thanks,
BC2
whats amazing is even on different time setting it worked that pretty sick.. good trading.
  • #34
  • Jun 8, 2012 3:12pm Jun 8, 2012 3:12pm
Is this just trading inside bars on 4H time frame? If so, it is very similar to what I am doing as well. Looking forward for more!
  • #35
  • Jun 8, 2012 3:43pm Jun 8, 2012 3:43pm
Quoting biDc
Is this just trading inside bars on 4H time frame? If so, it is very similar to what I am doing as well. Looking forward for more!
yes with PSAR which can be used however you like, trailing stop or for trend if you use trend, basically it trades the inside bar but the trigger is the bar before the inside bar what you guys call the "mother bar" Thanks.
  • #36
  • Edited 7:56pm Jun 8, 2012 7:40pm | Edited 7:56pm
Just wanted to clarify on this a bit, use whats comfortable for your account size.

Again you can go to BE or just wait until PT is hit your choice on that personally I am kinda stuck in between both, if I get my account up to using 2 contracts I can then leverage the PSAR for those larger trending moves.

All in all there are three options I can think of just using 1 basic contract...

1. >=40 next bar open go to BE (greatest chance of getting whipped but most protection)
2. raise stop 1 tick below breakout bar. lowers risk.(medium chance of getting whipped more protection)
3. Leave stop in place until PT1 is hit. (most risk least whipsaw)

I want to demonstrate a few things here to visually show what I am thinking..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SL Techs.jpg Size: 64 KB
Click to Enlarge Name: chfjpy.gif Size: 38 KB
  • #37
  • Jun 9, 2012 7:12am Jun 9, 2012 7:12am
Nice amount of high market moving releases, I would say Sunday China data could be a mover as well as Wednesday and Thursday, Monday and Tuesday look like volume could be more contained. There is no red data on Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: week ahead.jpg Size: 66 KB
  • #38
  • Jun 9, 2012 5:43pm Jun 9, 2012 5:43pm
Hi enoc2g,

Do you have favorite pairs to trade? Looks like GJ has been killer in recent weeks.

Do you allow opposite trades when SL is hit on the initial trade?

Thanks,
Bob
  • #39
  • Jun 9, 2012 6:22pm Jun 9, 2012 6:22pm
Quoting Bobcat2
Hi enoc2g,

Do you have favorite pairs to trade? Looks like GJ has been killer in recent weeks.

Do you allow opposite trades when SL is hit on the initial trade?

Thanks,
Bob
Yes, I trade GBPJPY,EUJPY, AUDJPY the commodity currencies, and the major USD pairs I Dont trade exotics. Yes I take the opposite if Stop loss is hit but this is if i use the wide stop of the mother bar, if the risk is big since i have small account i prefer the low of the breakout bar to reduce risk more.

I also watch all the other futures markets looking for the same patterns, these include - SP, DOW, GOLD, OIL, BONDS, JPN225, UK100, DAX and USD.

If I see a setup on these instruments I can see the risk on or risk off push possibly coming as long as this model remains in place.

Yes the GBPJPY is a great trending pair I love that one. It all depends how I use my SL, there are like 2 basic options you can use but typically yes if it reverses quickly I would be short I always start with opposite buy and sell, then you can move it as position develops.

There are different things I am considering as far as position management this is an area of constant internal debate and struggle for me. I am thinking of also using an exit based on 4 opens, on the 4th one you basically close position regardless of gain or loss.

For example if price moves say 90 pips in your favor profit target isnt hit yet and yes you may be at BE by then but price can snap back to your entry and even more take out your position by exiting at the 4th open you add a time filter on the position and close it out before its allowed to move against you too much and you can take profit as well.

This can be 4 or what ever you are comfortable using. I am only trading 1 contract right now so im trying to lock in any gains especially more than 50 pips.

Thanks
  • #40
  • Jun 9, 2012 7:57pm Jun 9, 2012 7:57pm
Good info...many thanks!

I am currently placing 2 orders instead of 1 (same lot size but split evenly between the two orders). First order TP will exit at 1:1 RR. Second order will have no set TP. When trade #1 hits profit, I will not leave the 2nd trade SL as set at the mother bar opposite end, nor will I move the 2nd order SL to BE. Instead, I will move the SL midway on the mother bar. This way, I am guaranteed an overall profit on the 2 trades, and yet it allows for some retracement to return past the entry point without having the setup hit the original SL to just break even overall.
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